OAO "LUKOIL": TO THE ATTENTION OF OAO "LUKOIL" DR HOLDERS

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| Source: OAO "LUKOIL"

MOSCOW, May 22, 2014 (GLOBE NEWSWIRE) -- The Annual General Meeting of Shareholders ("AGM") for OAO "LUKOIL" (the "Company") will be held at 11:00 a.m. on 26 June, 2014 at the Company's headquarters at 11, Sretensky Boulevard, Moscow, Russia.

Please be aware that additional information regarding the AGM, including voting and dividend payment procedures, that may affect holders of LUKOIL depositary receipts is available on the Company's web site at www.lukoil.com (see Investor and Shareholder Center, General Shareholder Meetings, Annual General Shareholders Meeting), or http://www.lukoil.com/static_6_5id_2108_.html.

OAO "LUKOIL" asks all depositary receipts holders to exercise their voting rights at the AGM.

Contacts:

Illarionov Nikolay
Head of Compliance
Ph 7-495-627-16-69
Nikolay.Illarionov@lukoil.com

HUG#1787938