Fixed Income Market Presentation

Diversified fee & commission income Fee & commission income performance RUB mln 2Q2014 Fee & commission income breakdown RUB bln +15% 2Q2015 8.1 +39% +35% 7.0 10% 7% +19% 9% 11% 988 1,005 21% 874 21% -10% 712 743 735 23% +22% -4% 22% 453 408 296 335 322 22% 18% 242 7% 6% 13% 10% Equities Market Fixed Income Market Derivatives Market Money Market FX Market Depository and 1H2014 1H2015 settlement services Other fee & commission income Derivatives Market Depository and settlement services FX Market Money Market Fixed Income Market Equities Market Comments ■ Fee & commission income remained well-diversified, up 22% YoY in 2Q 2015 and 15% YoY in 1H 2015 ■ Strong performance delivered across various segments, including Money Market (+39% YoY), FX Market (+35% YoY), Depository and Settlement Services (+19% YoY) and Fixed Income Market (+22% YoY) ☑ 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 25 25

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