3Q 2021 Financial Overview

Blue Chips bid-ask spread dynamics for 50k EUR deal (2) Analysis provided by Liquid Metrix Market share¹ 2019 9M'21 Average Bid-ask spread 50k EUR deal (b.p.2) 2019 120.2 2020 176.5 3% 10% VTB 25.8 90% 97% 29.6 18% 17.9 38% 14.2 Tatneft 62% 82% 14.8 18.8 16.1 30.2 20% 35% 10.6 Rosneft 15.8 65% 80% 17.9 27.0 26.1 14.6 Novatek 44% 32% 56% 68% 16% 11% 33.4 51.1 Surgutneftegas 17.7 20.0 84% 89% MOEX LSE MOEX LSE Bid-ask spreads for majority of the Russian "Blue Chips" are substantially lower on Moscow Exchange than on other trading venues ☑ MOSCOW Data as of 01 October 2021 1 EXCHANGE Data since December 2015 include trading auctions on MOEX. Data for MOEX includes evening trading session. 2 The value of the spread is quoted in basis points (0.01%). Data for 2020 as of January-November 2020. Spreads of Tatneft as of 3M2020 Source: Liquid Metrix, Bloomberg, Moscow Exchange 60

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