1Q 2018 Business Overview

Interest and finance income Interest and finance income¹ Investment portfolio sources³ RUB bln Mosprime², % Libor², % Effective yield, % RUB bln MOEX's own funds 13.0 10.7 6.3 8.8 9.2 2.0 2.4 2.6 2.3 X% CAGR '13-17 Client funds 3.4 0.1 0.1 0.1 0.4 1.0 +10.1% -27.1% 28.1 700 23.7 7% +21.4% 1 149 -17.3% 5% 905 8% 749 11% 95% 17.3 14.3 11.8 345 92% 11% 93% 89% 89% 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Client funds by currency Client funds by source Investment portfolio by type of asset 2016 2017 2016 2017 2016 2017 1% 3% 7% 9% 5% 6% Other REPO Other 48% EUR FX deposits 55% FX Market USD 65% 61% and curr. accounts 68% 75% Securities Market FX securities RUB Guarantee fund Derivatives Market RUB deposits and curr.accounts 38% 30% RUB securities 9% 13% 13% 12% 10% 8% 9% 4% 1% 9% 7% 5% 14% 15% 1 ☑ MOSCOW EXCHANGE Source: NFEA, Bloomberg, Moscow Exchange operational information and Consolidated Financial Statements Interest and finance income includes Interest and other finance income, Interest expense, Net loss on financial assets available-for-sale, Foreign exchange gains less losses 2 Average overnight rate for the period 3 Based on average daily investment portfolio sources for the period according to management accounts 55 35

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