LUKOIL may pay RUB 110 per ordinary share as dividends for 2013

The Board of Directors of LUKOIL is going to recommend that the Annual General Shareholders Meeting resolve to pay dividends for the 2013 financial year, which may in total be 110 roubles per ordinary share, in the amount of 60 roubles per ordinary share (the interim dividends paid out earlier for the first six months of 2013 financial year were 50 roubles per ordinary share), the Company’s press center says in its press release.

Thus, the total dividend amount payable for the 2013 financial year, including interim dividends distributed in October 2013, is expected to be 22.2% higher compared with the previous dividend amount (90 rubles for 2012).

The Board of Directors intends to recommend to the Annual General Shareholders Meeting to set 15 July 2014 as the date on which persons entitled to receive dividends based on the results of the 2013 financial year will be determined.

It was resolved that the Annual General Shareholders Meeting will be held at 11:00 a.m. on 26 June 2014 at the Company’s headquarters.