Moscow Exchange Financial Growth Presentation

Reported international funds' holdings of Russian equities 85.6 83.3 79.7 79.3 80.3 79.8 75.4 70.6 70.6 68.4 71.5 68.9 66.7 World USD bln 50.2 2013 2015 2017 1Q'18 2Q'18 3Q'18 4Q'18 '1Q'19 2Q'19 3Q'19 4Q'19'1Q'20 2Q'20 3Q'20 North America % UK % 54% 53% 52% 49% Europe without UK % 33% 22% 21% 22% 27% 21% 23% 24% 24% 41% 20% 2013 2015 2018 2019 3Q'20 2013 2015 2018 2019 3Q'20 2013 2015 2018 2019 3Q'20 ☑ MOSCOW EXCHANGE - - share in total holdings Source: ThomsonONE - as of period end, including DRs on Russian shares 20 20

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