PJSC LUKOIL made an offer to acquire a 43.57% stake in Public Joint-Stock Company EL5-Energo for RUB 7.4 billion on December 15, 2022. As part of transaction LUKOIL has received bank guarantee from Bank Otkritie Financial Corporation for RUB 7.5 billion.The transaction is subject to PJSC LUKOIL shareholder approval and has already been approved by Bank of Russia. The term for acceptance of the mandatory offer (the period during which the application for sale of securities shall be received by the person who sent the mandatory offer) is 70 (seventy) days upon receipt of this mandatory offer by PJSC EL5-Energo from January 10, 2023, until March 20, 2023.