3Q 2021 Financial Overview

6% 3Q 2021 Fixed Income Market Trading volumes¹ Primary market (excluding overnight bonds) RUB trn Primary market (excl. overnight bonds) Secondary market RUB trn -9.4% 7.9 Government and CBR bonds (OFZ, OBR) Corporate, municipal and other bonds (excluding ON bonds) -33.7% 5.5 5.6 5.1 4.8 69% 3.6 54% 4.0 63% 46% 54% 2.6 2.4 47% 1.9 84% 60% 59% 54% 37% 31% 53% 46% 46% 73% 40% 41% 16% 27% 3Q 2021 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Fee & commission income RUB mln 591 +9.9% 989 664 650 517 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 ☑ MOSCOW EXCHANGE 1 Source: Moscow Exchange Trading volumes on the Fixed Income Market include placements ◉ Comments Fee income was up 9.9% YoY with trading volumes (excl. overnight bonds) declining by 9.4% YoY. Primary market volumes (excl. overnight bonds) contracted by 33.7% YoY mainly due to the changing interest rate environment. Secondary trading volumes grew 32.6% YoY. Secondary trading of OFZ&OBR was up 44.1% YoY; other bonds improved 10.3% YOY. The YoY effective fee dynamics are mainly explained by a higher share of corporate bond placements in the primary market. 54

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