LEK.L Regulatory News (LEK)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Lekoil Limited

ISIN: KYG5462G1073

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

X

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Jennison Associates LLC ("Jennison") on behalf of its client accounts

4. Full name of shareholder(s)  (if different from 3.):iv

Jennison is an investment advisor registered with the US Securities and Exchange Commission and provides investment management services to pension funds, mutual funds and other types of investors. It is Jennison's policy to not disclose the identity of its clients.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

October 21, 2016

6. Date on which issuer notified:

October 24, 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

Holdings decreased below the 6% threshold

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Common StockKYG5462G1073

30,455,474

30,455,474

30,060,250

30,060,250

5.60%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

30,060,250

5.60%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Jennison is an investment advisor registered with the US Securities and Exchange Commission and provides investment management services to pension funds, mutual funds and other types of investors. It is Jennison's policy to not disclose the identity of its clients. As of October 21, 2016 Jennison clients held 30,060,250 shares of common stock (5.61% of the shares outstanding) of Lekoil Limited. Jennison has proxy voting authority over 30,060,250 shares (5.61% of the shares outstanding).

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

N/A

14. Contact name:

Mirry M. Hwang, Senior Vice President, Secretary & Chief Legal Officer

15. Contact telephone number:

mhwang@jennison.com

(212) 833-0589