PJSC "LUKOIL" informs that it signed agreement with US investment company Carlyle on sale of LUKOIL International GmbH (100% subsidiary of PJSC "LUKOIL" which owns international assets of LUKOIL Group). The transaction does not include the assets in Kazakhstan which will remain to be owned by LUKOIL Group and continue their operations under respective license.

The agreement signed is not exclusive for the Company and is subject to some conditions precedent such as procurement of necessary regulatory approvals including permission of the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) for the transaction with Carlyle.

The Company also continues negotiations with other potential purchasers.

LUKOIL International GmbH is on sale owing to restrictive measures introduced by some countries against the Company and its subsidiaries.

About Lukoil

LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.

About Carlyle

Carlyle is one of the world’s largest and most diversified global investment firms, with $474 billion of assets under management across 3 business segments and 660 investment vehicles. Founded in 1987 in Washington, DC, our global team today is comprised of more than 2,400 professionals operating in 27 offices across 4 continents. Together, across our firm, our mission is to drive long-term value for our investors, companies, shareholders, people and communities.