| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | OAO Lukoil |
| 2 Reason for the notification (please tick the appropriate box or boxes): | |
| An acquisition or disposal of voting rights | |
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |
| An event changing the breakdown of voting rights | ✔ |
Other (please specify): | |
3. Full name of person(s) subject to the notification obligation: iii | Royal Bank of Canada |
4. Full name of shareholder(s) (if different from 3.): iv | The Regent Trust Company Limited RBC Trust Company (International) Limited RBC cees Trustee Limited RBC Trust Company (Delaware) Ltd RBC Capital Markets LLC RBC Dominion Securities INC Royal Bank of Canada Royal Bank of Canada Investment Management (USA) Limited RBC Trustees (CI) Ltd |
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 20 May 2013 |
| 6. Date on which issuer notified: | 30 May 2013 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 10% to 5% |
| 8. Notified details: | ||||||||
| A: Voting rights attached to shares viii, ix | ||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||
| LUKOIL OIL CO SPON ADR REP 1 Ord Rub0.025 US6778621044 | 91,131,178 | 91,131,178 | 45,352,605 | 45,352,605 | 5.33% | |||
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| N/A | N/A | N/A | N/A | N/A |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |
| N/A | N/A | N/A | N/A | N/A | Nominal | Delta |
| Total (A+B+C) | |
| Number of voting rights | Percentage of voting rights |
| 45,352,605 | 5.33% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
RBC Trust Company (International) Limited, RBC cees Trustee Limited, RBC Trustees (CI) Ltd, The Regent Trust Company business, RBC Trust Company (Delaware) Ltd, RBC Capital Markets LLC, RBC Dominion Securities INC and RBC Investment Management (USA) Limited are wholly owned indirect subsidiaries of the Royal Bank of Canada.
The RBC Regent Trust Company Ltd – 45,309,699
RBC Trust Company (Int) Ltd – 15,320
RBC Cees Trustee Limited – 1242
RBC Trustees (CI) Ltd – 500
RBC Trust Company (Delaware) Ltd- 3519
RBC Capital Markets LLC – 12,193
RBC Dominion Securities INC – 8652
Royal Bank of Canada – 998
Royal Bank of Canada Investment Management (USA) Limited – 482
Total - 45,352,605
| Proxy Voting: | |
| 10. Name of the proxy holder: | N/A |
| 11. Number of voting rights proxy holder will cease to hold: | N/A |
| 12. Date on which proxy holder will cease to hold voting rights: | N/A |
| 13. Additional information: | Calculated on issues share capital of shares 850,563,255 45,352,605 Lukoil ADR's which represent 5.33% of the issued share capital |
| 14. Contact name: | Scott Roberts |
| 15. Contact telephone number: | (01534) 602971 |