Investor Presentaiton

Video Products Leading Market Positions Pay TV #1 Solid Growth in Video-products IPTV (mln subs) +26% YoY organic 27% 3.1 2.9 3.0 2.7 18% 2.4 2.5 248 253 252 223 206 208 Rostelecom #2(1) IPTV #1 69% Rostelecom 18% #2(1) Source: TMT-Consulting (as of 30.09.2015). Notes: (1) Market Share by Revenue; Players #2 are: Tricolor TV for Pay TV; VimpelCom for IPTV. 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 Video-on-Demand Revenue (RUB min) +34% YoY 186 178 169 160 139 129 88 91 90 76 66 68 Rostelecom 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 12

View entire presentation