PJSC LUKOIL announced today that the Company’s President and member of the Board of Directors Vagit Alekperov informed the LUKOIL about his decision to resign as a member of the Board of Directors of PJSC LUKOIL and early resign as President of PJSC LUKOIL. The respective notices of resignation were sent today to the Chairman of the Company’s Board of Directors.

As of 31 March 2022, Vagit Alekperov owns and votes 3.12% of shares in PJSC LUKOIL. Vagit Alekperov is also a beneficiary (including through family trusts or mutual funds) of 5.43% of shares in PJSC LUKOIL, in respect of which he has no voting rights. Therefore, Vagit Alekperov is not a controlling shareholder of PJSC LUKOIL.​

Resignation of LUKOIL President issued a compassionate wave in our media – people viewing him against war and “paying” now for his wish and request to stop the conflict in March.