FURTHER INFORMATION TO HOLDERS OF THE NOTES ISIN XS0919504562 DUE APRIL 24, 2023
Monday, March 6, 2023
PJSC LUKOIL (hereinafter – the Company) reminds that the holders of the U.S.$1,500,000,000 4.563 per cent. Notes of LUKOIL International Finance B.V. guaranteed by the Company due April 24, 2023 ISIN XS0919504562 can apply for redemption of their Notes on the maturity date via direct payment option.
In addition to the documents required for direct payment application listed in the press-release dated February 22, 2023 the Company also requests submission of a Statement of Account for the Purpose of Proof of Holding (a STAC).
The updated instruction for direct payment application (also available on the Company's website):
Step 1. Send the below documents in scan copies no later than March 20, 2023 to eurobonds@lukoil.com.
- Direct Payment Application:
- Proof of Holding from the broker/depositary as of the date which is not earlier than 3 business days before submission of the Direct Payment Application.
- Statement of Account for the Purpose of Proof of Holding (a STAC) from Euroclear or Clearstream, Luxembourg sufficiently evidencing the principal amount of the Notes held on the Direct Participant's account specified in the Proof of Holding (not earlier than 3 business days before submission of the Direct Payment Application).
The Proof of Holding shall be provided in the form of a statement of account or holdings report from a Direct Participant, each acceptable form of proof of holding confirming (a) the Euroclear or Clearstream, Luxembourg Direct Participant name and
account number, (b) the full name or legal entity name of the Noteholder, (c) the security and/or ISIN held, and (d) the aggregate amount of the Notes held.
Unless otherwise agreed or waived by the Company at its own discretion, each Proof of Holding and STAC being provided pursuant to this Direct Payment Application shall only be valid if duly signed by an authorized officer with stamp or seal affixed (if one is used). If no stamp or seal is attached to the Proof of Holding and STAC, such Proof of Holding and STAC shall either be notarised or accompanied by a certificate of the person issuing such Proof of Holding and STAC respectively (issued on its letterhead and duly signed) confirming that the contents of such Proof of Holding and STAC are true and accurate as of the date thereof.
Step 2. Instruct the Direct Participant to renounce the due amount of April 2023 direct payment in the form of the below MT599 SWIFT instruction and send confirmation from Direct Participant to eurobonds@lukoil.com no later than March 27, 2023.
- SWIFT MT599 renunciation instruction (download from website)
Step 3. Send the Proof of Holding as of the Record Date (April 21, 2023) no later than April 26, 2023 to eurobonds@lukoil.com.
In case you cannot download the aforementioned document forms from the website please send a request by email to eurobonds@lukoil.com.
Attention
The submitted Direct Payment Application forms not accompanied with true and valid Proofs of Holding, STAC and SWIFT MT599 confirmations from Direct Participants will not be considered and will be rejected.
The Company preserves its absolute right to reject the applications for direct payment if the provided documents are not determined to be in appropriate form, such determination being solely at the Company's discretion.
Timeline
| Submission of Direct Payment Application, Proof of Holding and STAC | February 22 – March 20 |
| Submission of MT599 confirmation | February 22 – March 27 |
| Payment Record Date | April 21 |
| Submission of Proof of Holding as of the Record Date | No later than April 26 |
| Direct Payments | From April 24 |
Contacts
+7 495 980 32 22
