Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

b)

Legal person

Reserve Invest (Cyprus) Limited, a financial institution regulated by Cyprus Securities and Exchange Commission license CIF 028/04

2

Reason for the notification

a)

Position/status

PCA of PDMRs:

Member of the Board of Directors, President of PJSC LUKOIL Vagit Alekperov,

Member of the Board of Directors, Vice President of PJSC LUKOIL Leonid Fedun

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

PJSC LUKOIL

b)

LEI

n/a

4

Details of the transaction(s): section to be repeated for (i) each type of instrument;(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

4.1

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADRs

Identification code

US69343P1057

b)

Nature of the transaction

Purchase

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 47.10

5,000

USD 46.86

4,532

USD 46.85

468

USD 46.99

500

USD 46.99

2,072

d)

Aggregated information

Price

USD 46.982

Volume

12,572

Total

USD 590,653.95

e)

Date of the transaction

2016-11-07

f)

Place of the transaction

London Stock Exchange (XLON)

4.2

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADRs

Identification code

US69343P1057

b)

Nature of the transaction

Purchase

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 46.86

500

USD 47.56

253

USD 47.56

4,932

USD 47.57

47

USD 47.57

11

USD 47.57

9

USD 47.57

1

USD 47.60

4,247

d)

Aggregated information

Price

USD 47.544

Volume

10,000

Total

USD 475,444.90

e)

Date of the transaction

2016-11-08

f)

Place of the transaction

London Stock Exchange (XLON)