Fixed Income Market Presentation

10% Growth in listing and information services fees Other fee & commission income¹ RUB mln Comments +28% 754 22% 588 16% Listing and other fees related to Securities market Information services Sale of software and technical services +13% 429 390 364 321 22% 44% 44% 22% 41% 18% 267 26% 45% 43% 43% 27% 29% 43% 34% 39% 45% 29% 33% 35% 1H2014 1H2015 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 ■ Solid YoY growth in fees from information services (15%) and listings (37%) led to other fee & commission income growth of 13% YoY ■ Price increases for some products (real-time market data and end-of-day market data) led to higher fees from information services ■ Fees from sale of software and technical services remained flat at RUB 127 mln (2Q2014: RUB 126 mln) ■Growth of listing fees was driven by strong primary placement activity on equities and fixed income markets and the new pricing structure following the completion of the listing reform in 2Q2014 ☑ MOSCOW EXCHANGE Source: Consolidated Financial Statements 1 Not including other fee&commission income as presented in financial statements 33

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