1Q 2018 Business Overview

☑ Diversified fee and commission income Fee & commission income performance RUB mln Money Market 1Q 2017 1Q 2018 Change YoY, min Change YOY, % 1282.0 1438.2 156.2 12.2% Fee & commission income breakdown RUB bln +12.8% 5.51 9% Depository and Settlement 4.88 991.0 1046.1 55.1 5.6% 9% 8% 10% 9% FX Market 957.0 926.2 -30.8 -3.2% 9% 11% 6% Fixed Income Market 316.9 621.6 304.7 96.2% 17% 20% Equities Market Derivatives Market IT Services and Listing Fixed Income Market FX Market IT Services and Listing¹ 440.7 508.8 68.1 15.5% Depository & Settlement 19% 20% Money Market Derivatives Market 497.0 494.8 -2.2 -0.4% 26% 26% Equities Market 396.8 470.0 73.2 18.4% 1Q 2017 1Q 2018 Fee & commission income dynamics RUB bln MOSCOW EXCHANGE +12.8% 5.8 5.5 5.1 4.9 -4.9% 5.5 1Q 2017 2Q 2017 3Q 2017 4Q 2017 1Q 2018 Source: Consolidated Financial Statements 1 IT Services and Listing includes Information services, Sale of software and technical services, Listing and other service fees and Other fee income 39

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