EXTRAORDINARY GENERAL SHAREHOLDERS MEETING OF OAO LUKOIL APPROVES INTERIM DIVIDEND PAYMENTS
The outcomes of the Extraordinary General Shareholders Meeting of OAO "LUKOIL" (the 'EGM') that took place in the form of absentee voting on 12 December 2014 have been summarized today in accordance with the legislation of the Russian Federation.
The EGM made a decision to pay interim dividends on ordinary shares of OAO "LUKOIL" in the amount of 60 roubles per ordinary share.
In order to ensure the dividend payment evenness, it is expected to take a decision on dividend payment on a semiannual basis, i.e. based on the annual financial results and based on the nine months results.
The EGM set 26 December 2014 as the date on which persons entitled to receive the interim dividends will be determined.
Dividends will be paid using monetary funds from the account of OAO "LUKOIL" as follows:
- Dividend payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of OAO "LUKOIL" to be made not later than 19 January 2015,
- Dividend payments to other persons registered in the shareholder register of OAO "LUKOIL" to be made not later than 9 February 2015.
The costs on the transfer of dividends, regardless of the means, will be paid by OAO "LUKOIL".