Moscow Exchange Financial Growth Presentation

Fee & commission income: strong and sustainable growth Fee and commission income (F&C) RUB bln F&C income for 2019 increased 10.7% YoY CAGR '15-19 X% Cost (excl. D&A & provisions) to F&C ratio F&C growth was delivered in a cost efficient way +10.2% +10.7% 53.3% 26.2 23.6 21.2 19.8 17.8 50.3% 49.4% 47.0% 45.4% 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 ☑ MOSCOW EXCHANGE Source: Moscow Exchange 39

View entire presentation