Investor Presentaiton

Key facts about Russia ☑ MOSCOW EXCHANGE DOING BUSINESS 2019 31th place (35th in 2018) コープ All financial assets are available to foreign investors Diversified economic structure No capital restrictions, RUB is fully convertible Investment grade sovereign credit rating (BBB-) S&P, FITCH High-yielding and underpriced assets MSCI Russia P/E 4.9x vs 15.5x MSCI World P/E One of the highest dividend yield: 7.0% - Russian economy – the sixth largest in the world International reserves >USD 470 BLN Foreign debt to GDP 33% Stable economic situation Foreign reserves as of Decemder 2018 Minor restrictions on foreign investments are in banks, insurance and strategic enterprises Secure and reliable financial infrastructure Systemically important infrastructure as recognized by the Bank of Russia 4

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