BOARD OF DIRECTORS OF OAO LUKOIL APPROVES AGENDA FOR ANNUAL GENERAL SHAREHOLDERS MEETING
Friday, April 27, 2012
A traveling meeting of the OAO LUKOIL Board of Directors was held in Barcelona (Spain) today to make decisions related to the 2012 Annual General Shareholders Meeting.
Among other things, the Board of Directors resolved to hold the meeting on June 27, 2012, at 11:00 am at: 11 Sretensky Boulevard, Moscow, OAO LUKOIL.
The record date for the list of the shareholders entitled to participate in the General Shareholders Meeting is May 11, 2012.
The Board of Directors intends to recommend that dividends for the 2011 financial year be paid to the shareholders in the amount of 75 rubles per ordinary share, which is 27.1% higher compared with the previous year dividend (59 rubles for the 2010 financial year). The amount of dividends is calculated on the basis of the sum allocated to dividend payment which equals 63,792,244 thousand rubles, or 19.13% of the consolidated net profit under the US GAAP, or 26.29% of the net profit of OAO LUKOIL.
The shareholders will also have to elect the Board of Directors of OAO LUKOIL, consisting of 11 members, and the Audit Commission, consisting of 3 members.
The following candidates were nominated to the Board of Directors:
| 1 | Vagit Yu. Alekperov | President of OAO LUKOIL |
| 2 | Igor V. Belikov | Director of the Russian Institute of Directors |
| 3 | Victor V. Blazheev | Rector of the Moscow State Law Academy |
| 4 | Valery I. Grayfer | Chairman of the Board of Directors of OAO RITEK |
| 5 | Igor S. Ivanov | former Minister of Foreign Affairs of the Russian Federation, Secretary of the Security Council of the Russian Federation |
| 6 | Ravil U. Maganov | First Executive Vice-President of OAO LUKOIL |
| 7 | Richard H. Matzke | former Vice Chairman of the Chevron Corporation |
| 8 | Sergei A. Mikhailov | Chairman of the Board of Directors of ZAO Kapital Upravleniye Aktivami [Kapital Asset Management]; Deputy General Director of OOO Upravlyayushchaya Kompaniya Kapital [Kapital Management Company] |
| 9 | Mark Mobius | Executive Chairman of Templeton Emerging Markets Group |
| 10 | Guglielmo Antonio Claudio Moscato | Chairman and CEO of Gas Mediterraneo & Petrolio, former Chairman of the Board of Directors of Eni SpA, former Chairman and CEO of Agip SpA |
| 11 | Ivan Pictet | Member of the UN Investments Committee of the UN Joint Staff Pension Fund Board (NY, USA), Board member of Blackstone Group International Limited, AEA European Advisory Board, AEA Investors LP Global Advisory Board (NY, USA), Symbiotics. Former Senior Managing Partner of Pictet & Cie |
| 12 | Alexander N. Shokhin | President of the Russian Union of Industrialists and Entrepreneurs (employers), President of the State University – Higher School of Economics. |
| The following candidates were nominated for election to the Audit Commission: | ||
| 1 | Mikhail B. Maximov | General Director of OOO LUKOIL-Regional Accounting CentrePerm |
| 2 | Vladimir N. Nikitenko | President of OAO Petrocommerce Bank |
| 3 | Alexander V. Surkov | General Director of OOO LUKOIL-Regional Accounting CentreVolgograd |
