Investor Presentaiton

Diversified fee & commission income Fee & commission income performance RUB mln Fee & commission income breakdown RUB bln +22% 4Q2013 4Q2014 15.6 8% +80% +64% 12.8 11% +33% 9% 1,176 12% 20% Other fee&commission income Derivatives market Depository and settlement services 1,048 954 Foreign exchange market +33% +41% 18% 22% Money market -17% 717 654 641 19% Fixed income market 464 438 504 21% Equities market 348 362 357 20% 11% 7% 11% 11% Equities market Fixed income market Derivatives market Money market Foreign Depository exchange and market settlement services 2013 2014 Comments ■ In 4Q2014 fee & commission income remained well-diversified and increased 42% YoY ■Lower income from Fixed Income Market was more than offset by strong performance in FX Market, Depository and Settlement Services and Equities Market ☑ MOSCOW EXCHANGE Source: Consolidated Financial Statements Other fee & commission income mainly includes income from sale of software and technical services and information services, listing and other service fees 21

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