3Q 2021 Financial Overview

Pre-trade Trade Post-trade ☑ MOEX solves problems inherent to legacy offering for global equity trading... Problems at other trading venues Narrow circle of liquidity providers, mostly associated with the venue Liquidity split across two 2 separate pools: onshore and offshore 3 4 Market microstructure incompatible with the principle of best execution: - - Shuffled sequence and priority of orders Cancelled trades, lost orders - Systematically volatile start of the main session Non-transparent status of order execution Inconsistent, unavailable market data Nagging failures of IT systems, 5 lack of info on performance and capacity 6 Lack of client confidence in clearing, depositary & settlement infrastructure with clear custody risks Tax claims, excessive taxation and compliance risks MOSCOW EXCHANGE Technological fixes and advantages of MOEX solutions ■ Wide range of world-class liquidity providers - including HFTs - with level playing field of business opportunities ▪ Eliminated operational risk exposure to external liquidity access infrastructure borne by market participants ■ Modified pre-order collateral controls minimize opportunity cost for liquidity providers ■ The setup ensures best prices and spreads amid high volumes on a consistent basis ■ One liquidity pool with 3 different types of market participants: liquidity providers, market makers, end clients ■ All categories of domestic and foreign clients such as retail, funds, banks, brokers and other institutions ■ MOEX algorithm rests upon best execution principle with correct order sequence regardless of liquidity type Unique links technology with pre-match and quote-back features ensures that order stays until executed ■ Trade cancellation is completely ruled out, protecting the end client financially and reducing market risk ■ Advanced, ultra low-latency infrastructure of top HFTS will use quote-back option in less than 3% of instances Opening auction stabilizes the start of the main session via liquidity accumulation ■ Front-end IT solutions that allows for transparency of order execution status ■ Full disclosure of market data allows verification and analysis of trading volume stats ▪ Reliable & robust IT infrastructure with 99.99% uptime and latency on par with developed market exchanges ▪ Software with 8-fold safety margin in processing capacity verified by fully transparent load tests ■ IT systems are continuously updated using the most advanced technology ☐ Highly-capitalized, qualified CCP makes market participants' credit risks irrelevant Impeccable track record for global securities safekeeping and processing corporate actions since 2013 Transparent tariffs with no limitations on transfer of securities ■ Direct tax payments to IRS, no intermediaries ■ Automated W-8BEN administration for the convenience of end clients ■ IRS-verified FATCA compliance on the Group level; Qualified Intermediary status for NCC and NSD ...to unleash the untapped potential 23

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