Investor Presentaiton

Russian macro (2/2) USD/RUB 38,6 67,1 66,0 61,2 62,9 58,3 Nominal GDP Bln USD 2 052 1 578 1 640 1 605 1 362 1 281 2014 2015 2016 2017 2018 2019F 2014 2015 2016 2017 2018F 2019F Average wages USD 842 554 547 786 671 667 Personal Consumption expenditures % y-o-y 2.0% -2.8% 3.4% 2.5% 1.5% T 2014 2015 2016 2017 2018F 2019F -9.4% 2014 2015 2016 2017 2018F 2019F ☑ MOSCOW EXCHANGE Source: Sberbank CIB as of 12.12.2018 7

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