Voluntary Public Tender Offer to Owners of Lukoil ADRs

Disclaimer, Risk Information, and Other Important Notes

This offer does not fall under the scope of the WpÜG and is not addressed to former shareholders/owners in a jurisdiction in which this offer would violate the applicable laws there. The public purchase offer and the purchase contracts concluded on this basis are subject to German law.

This offer is not directed at “US Persons” within the meaning of the US Securities Act 1933 (as amended from time to time). Persons resident or habitually resident in the United States of America, Australia, Canada and/or Japan and cannot be accepted by them.

Holders of ADRs with their place of residence, registered office or habitual abode outside the Federal Republic of Germany should note the following notes in this offer document and must inform themselves about any restrictions that may exist to accept this offer.

This offer is not intended for publication, sending, distribution or dissemination outside the European Union. In legal systems other than the Federal Republic of Germany, this offer or the acceptance of the offer may not be published, sent, distributed or disseminated and are subject to legal restrictions.

The Bidder assumes no responsibility for failure to comply with legal (in particular regulatory and/or capital market law) provisions by third parties.

There are no plans to publish the final result. No other publications are planned either.

Evaluation of the Offer / Risk Warning:

The owners have to evaluate the offer on their own responsibility and should, if necessary, seek expert advice. The Bidder does not make any recommendation to the holders of ADRs with regard to the Offer.

The Bidder is not providing any current or future recommendations or advice to the holders of ADRs with regard to the Offer and whether its adoption would be in the best interests of the respective holders of ADRs.

The provisions of the Securities Acquisition and Takeover Act (WpÜG) do not apply to this offer. This offer was therefore neither examined, approved nor reviewed by the Federal Financial Supervisory Authority (BaFin) submitted. Even outside the Federal Republic of Germany, no announcements, registrations, approvals or approvals of the offer have been requested, arranged or granted.

All information, views, intentions and forward-looking statements contained in this offer are based, to the extent unless expressly stated otherwise, on the information and plans currently available to the Bidder as well as on certain assumptions made by the Bidder at the time of publication of this Offer, which may change in the future. The bidder expressly points out that forward-looking statements do not constitute guarantees of the occurrence of future events affected by them or future business developments.

The Bidder will not update this offer.

If the bidder does not expressly offer to assume an obligation as part of this offer, the bidder excludes any obligation and/or liability arising from or in connection with this offer, to the extent that this exclusion is statutory possible (in particular, liability remains for gross negligence and/or for injuries to life, body and/or health unaffected).

Note: This offer does not constitute tax advice. Please discuss this with your tax advisor.