Investor Presentaiton

One of the highest free-floats in Russia Growing ADTV (Average Daily Trading Volumes) of MOEX shares¹ RUB mln Rank among the most liquid shares listed on MOEX² 12 MOEX MSCI inclusion CBR 11.7% share sale 13 Average daily trading volume 18 19 20 21 22 22 23 23 24 24 25 25 27 27 28 553 29 115 13 15 16 18 18 18 18 17 576 535 564 516 385 374 405 439 264 271 307 335 338 230 241 240 132 151 53 89 47 68 80 54 78 02.13 03.13 04.13 05.13 06.13 07.13 08.13 09.13 10.13 11.13 12.13 01.14 02.14 03.14 04.14 05.14 06.14 07.14 08.14 09.14 10.14 11.14 12.14 01.15 02.15 03.15 Dispersed ownership with no controlling shareholder... ...and one of the highest free-floats in Russia4 as of March 16, 2015 Free float 50,7% Magnit 54% MOEX 51% MTS 49% Sberbank 48% CBR 11,7% Lukoil 46% Gazprom 46% Sberbank 10,0% VTB 39% AFK Systema 36% Rushydro 34% VEB Uralkaly 33% 8,4% Tatneft 32% Norilsky Nickel 30% EBRD Rostelecom 28% 6,1% Novatek 27% CIC 5,6% Surgutneftegaz 25% MICEX-3 RDIF Finance 5,3% 2,2% Alrosa Severstal 23% 21% Phosagro 19% E.ON Russia 18% Megafon 15% ☑ MOSCOW 1 Trading volume in main trading mode (TO, T+2) EXCHANGE 2 Ordinary and preferred shares 3 100% owned subsidiary of the Moscow Exchange 4 Top 20 companies by market capitalisation from MICEX Index 8

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