PJSC Lukoil Sponsored ADR Representing

Good evening,

Today I got the message from my house bank that the conversion of DRs (Russian DR) to Russian common shares is considered permissible under the current EU sanctions, as NSD temporarily does not get any economic benefit from the conversion instructions.

Affected shares:

$MNOD

$MBT

$null

$null

$null

$PLZL

Important notes:

• The application will be processed on a best-effort basis
• There is a fee for conversion of GDRs: $0.05 per DR
• Due to EU sanctions, trading in Russian common shares is currently not possible.

The deadline is this Wednesday.

What to do. Convert or leave it in GDRs?

I'm leaning towards the conversion at the moment.

Emergency brake pulled before total loss.

Opinions about Lukoil?

I want to expand my energy sector with an oil/gas company and I like Lukoil best at the moment.

$LUK LUKOIL Group and Daimler AG, one of the world's largest car manufacturers, are expanding their partnership in the initial filling of the engines of premium car brands with LUKOIL lubricants in Europe and East Asia. The product range will be extended by LUKOIL Genesis engine oil with low viscosity, which has been specially developed for modern gasoline and diesel engines of the car manufacturer according to its latest initial filling specification. The new product provides reliable engine protection and improved fuel efficiency compared to the previous generation.

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https://www.ots.at/presseaussendung/OTS_20211011_OTS0124/lukoil-und-einer-der-weltgroessten-automobilhersteller-staerken-globale-partnerschaft-bild