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 at the following location: 11, Sretensky bulvar, Moscow. Registration of participants will start at 9:30 a.m.
The list of shareholders entitled to participate in the Annual General Shareholders Meeting shall be prepared as of 12 May 2014.
The Board of Directors 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).
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.
In addition it will be proposed to shareholders to vote on the following dividend payment period:
1. Vagit Yu. Alekperov, President of OAO LUKOIL;
2. Victor V. Blazheev, Rector of the O.E.Kutafin Moscow State Law University;
3. Valery I. Grayfer, Chairman of the Board of Directors of OAO RITEK;
4. Igor S. Ivanov, President of the Russian International Affairs Council (RIAC), former Minister of Foreign Affairs of the Russian Federation, Secretary of the Security Council of the Russian Federation;
5. Sergei A. Kochkurov, Vice President of OAO LUKOIL, General Director of OOO LUKOIL-Western Siberia;
6. Ravil U. Maganov, First Executive Vice President of OAO LUKOIL;
7. Richard H. Matzke, former Vice Chairman of Chevron Corporation;
8. Sergei A. Mikhailov, Chairman of the Board of Directors of ZAO Kapital Upravlenie aktivami [Kapital Asset Management];
9. Mark Mobius, Executive Chairman of Templeton Emerging Markets Group;
10. Guglielmo Antonio Claudio Moscato, Chairman and CEO of Gas Mediterraneo & Petrolio;
11. Ivan Pictet, Chairman of the UN Investments Committee of the UN Joint Staff Pension Fund Board (NY, USA), member of the International Advisory Board of Blackstone Group International Limited, AEA European Advisory Board, AEA Investors LP Global Advisory Board (NY, USA), member of the Board of Directors of Symbiotics, Chairman of the Board of PSA International SA, President of the Fondation pour Genève and Chairman of the Fondation Pictet pour le Développement;
12. Leonid A. Fedun, Vice President for Strategic Development of OAO LUKOIL.
The following candidates were nominated for election to the Audit Commission:
13. Mikhail B. Maximov, General Director of OOO LUKOIL-Regional Accounting Centre Perm;
14. Pavel A. Suloev, Internal Control and Audit Director of ZAO Management Centre Managing Company;
15. Alexander V. Surkov, General Director of OOO LUKOIL-Regional Accounting Centre Volgograd.
The materials of the Annual General Shareholders Meeting will be available on OAO “LUKOIL” websites www.lukoil.ru (in Russian) and www.lukoil.com (in English) from 16 May 2014.
Due to the fact that federal laws No. 282-FZ of 29 December 2012 and No. 379-FZ of 21 December 2013 amended and supplemented the federal laws On Joint-Stock Companies and On Security Markets (thus considerably changing the applicable dividend announcement and payment procedure), the Board of Directors also approved the Amendments and addenda to the Regulations on the Dividend Policy of OAO “LUKOIL”.
Specifically, new requirements to the payment (declaration) of dividends have been set, as well as new rules for compilation of the list of persons entitled to dividends, new calculation rules for the dividend payment period and a new dividend payment procedure to the shareholders whose rights to dividends are recorded either in the shareholder register or with nominee holders. The new procedure came into effect on 1 January 2014.
· Dividend payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of OAO “LUKOIL” to be made within 10 business days after the date on which persons entitled to receive dividends are determined;
· Dividend payments to other persons registered in the shareholder register of OAO “LUKOIL” to be made within 25 business days after the date on which persons entitled to receive dividends are determined.
The shareholders will also elect the Board of Directors of OAO “LUKOIL”, consisting of 11 members, and the Audit Commission, consisting of 3 members. The list of candidates is based on the nominees put forward by shareholders who own at least two percent of the voting shares. The following candidates were nominated to the Board of Directors:
