Investor Presentaiton

☑ USA Brazil Germany USA UK Equity market capitalisation to GDP¹ 2014 Growth opportunities across all markets 151% 141% 114% 92% 76% 58% 38% 32% France Japan Russia UK डै Corporate debt to GDP² 2014 129% 114% 69% 53% USA Japan Germany Interest rate derivatives open position to GDP 2014 68% 25% 15% 0% Comments ■ Russian capital and derivatives markets have potential both on supply and demand points of view: Relatively low share of equity and debt market capitalisation to GDP ■ Potential in growth in interest rate derivatives due to market development and the CBR policy Russia MOSCOW EXCHANGE Developed markets Source: Moscow Exchange, WFE, IMF, Rosstat, SCIB, BIS 1 Emerging markets Data for 2014. Market capitalisation for the USA is the sum of NASDAQ and NYSE market capitalisations, for China - the sum of Shanghai and Shenzhen market capitalisations, for India - BSE market capitalisation, for Brazil - BM&FBovespa market capitalisation, for Russia - Moscow Exchange market capitalisation, for France - NYSE Euronext Europe market capitalisation, for UK - LSE market capitalisation (including Borsa Italiana market capitalisation), GDP - IMF forecast 2 Corporate debt data - BIS statistics of debt securities amount outstanding as of June 2014, Russia GDP estimate for 2014 - SCIB, other countries - IMF data 16 Brazil 42% 26% 19% China Russia

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