NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
THIS NOTICE IS IMPORTANT AND REQUIRES IMMEDIATE ATTENTION OF HOLDERS. IF HOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS.
THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF HOLDERS OR BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.
NOTICE OF REDEMPTION AT MAKE-WHOLE
U.S.
issued by the Issuer and guaranteed by PJSC Lukoil ("Lukoil") (the "Notes")
Reference is made to the Terms and Conditions of the Notes (the "Terms and Conditions") set out in the trust deed constituting the Notes, as amended. Capitalised terms not otherwise defined in this notice shall have the meanings given to them in the Terms and Conditions.
Notice is hereby given that the Issuer has elected to exercise its option to redeem the outstanding Notes (which, for the avoidance of doubt, excludes any Notes which have been designated as Designated Notes and cancelled or deemed cancelled pursuant to Condition 7(e) (Cancellation) of the Terms and Conditions) in accordance with paragraph (c) of Condition 7 (Redemption and Purchase) of the Terms and Conditions in whole on
The distribution of this notice in certain jurisdictions may be restricted by law. Persons into whose possession this notice comes are required by Lukoil and the Issuer to inform themselves about, and to observe, any such restrictions.
This notice contains important information which should be read carefully. If any Noteholder is in any doubt as to the action it should take or is unsure of this notice, it is recommended to seek its own financial advice, including in respect of any legal and/or tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser.
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