Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

b)

Legal person

Sabiana Limited

2

Reason for the notification

a)

Position/status

Notification concerns PCA with the 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 ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADR

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 54.26

2,500

USD 54.28

2,500

USD 54.30

5,000

USD 54.65

2,500

d)

Aggregated information

Price

USD 54.358

Volume

12,500

Total

USD 679,475.00

e)

Date of the transaction

2016-12-14

f)

Place of the transaction

London Stock Exchange (XLON)

4.2

a)

Description of the financial instrument, type of instrument

PJSC LUKOIL ADR

Identification code

US69343P1057

b)

Nature of the transaction

Purchase of PJSC LUKOIL ADR

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 53.96

353

USD 54.21

2,500

USD 54.27

2,500

USD 54.35

2,500

USD 54.45

2,147

d)

Aggregated information

Price

USD 54.303

Volume

10,000

Total

USD 543,027.03

e)

Date of the transaction

2016-12-15

f)

Place of the transaction

London Stock Exchange (XLON)