Fixed Income Market Presentation

Interest income: growth driven by higher interest rates and inflows of client funds Investment portfolio¹ (average daily volume) RUB bln Moscow Exchange's own funds Interest income RUB bln 3 +123% Client funds Interest and other finance income MosPrime rate, % LIBOR rate, % 3 Effective yield, % 16.0 14.6 11.7 13.5 7.6 8.3 8.3 +70% 1.272 5% 1,338 -4%- 1,206 5%- 1.9 2.0 2.4 1.9 20 6:9 1.8 -0.1 0.1- 0.1. 0.1. 0.1 711 743 916 -6%- +139% +82% 570 7% 7% 95% 96% 8.1 -8%- 95% 94% 13.9 5.9 93% 93% 3.2 3.6 4.8 92% 5.8 1H2014 1H2015 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 1H2014 1H2015 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 Clients funds by currency 2Q2015 RUB client funds RUB bln Investment portfolio by type of asset 2Q2015 0% 11% 3% 189 Other 4 4% 162 8% 126 123 125 RUB 1% FX deposits and curr. accounts Curr.accounts in RUB 52% 37% EUR USD 84% RUB securities Deposits in RUB FX securities 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 Source: NFEA, Bloomberg, Moscow Exchange operational information and Consolidated Financial Statements Based on average daily investment portfolio according to management accounts Interest and other finance income includes interest and other finance income, interest expense, net loss on financial assets available-for-sale, foreign exchange gains less losses ☑ MOSCOW 1 EXCHANGE 2 3 Average daily rate for the period 4 Share of other currencies is close to zero 34

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