NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
OAO LUKOIL (the “Company”) was informed that Mr. Vagit Yu. Alekperov, President and a member of the Board of Directors of the Company, acquired 30,000 ordinary shares in the Company on 12 October 2011 in Moscow. The volume of the transaction was 50,610,000 Russian rubles.