07.11.2012 Re EGM Agenda

On 7 November 2012 the Board of Directors of OAO "LUKOIL" resolved to hold the Extraordinary General Shareholders Meeting of OAO "LUKOIL" on 18 December 2012 in the form of an  absentee voting meeting.
It was determined that the list of persons entitled to receive dividends shall be compiled on the date of preparation of the list of persons entitled to participate in the Extraordinary General Shareholders Meeting of OAO "LUKOIL", i.e. 12 November 2012.
The shareholders should send completed voting ballots to the following address: OAO Registrar NIKoil, ulitsa Ivana Franko 8, Moscow, 121108 Russian Federation. The deadline for receipt of ballots is 18 December 2012.
The Board of Directors approved the following agenda for the Extraordinary General Shareholders Meeting of OAO "LUKOIL":
1)      On the payment (declaration) of dividends based on the results of the corresponding reporting period of the 2012 financial year.
2)      Approval of a new version of the Regulations on the Procedure for Preparing and Holding the General Shareholders Meeting of OAO "LUKOIL".
The Board of Directors has approved the list of materials to be provided to shareholders in preparation for the Extraordinary General Shareholders Meeting.
The Board of Directors recommended that the Extraordinary General Shareholders Meeting of OAO "LUKOIL" adopt the following decisions:
-         To pay dividends based on the results of the corresponding reporting period of the 2012 financial year (interim dividends) from the net profits of OAO "LUKOIL" in the amount of 40 roubles per ordinary share. Payment of dividends to be made in cash from the account of OAO "LUKOIL", with the term of dividend payments not exceeding 60 days from the date the payment decision is taken.
-         To approve a new version of the Regulations on the Procedure for Preparing and Holding the General Shareholders Meeting of OAO "LUKOIL".