Fixed Income Market Presentation

NSD: new assets under custody drive growth 21% Assets on deposit (average for the period)¹ RUB trln Other Tradable equities Fee & commission income breakdown¹ 2Q2015 OFZ Corporate and regional bonds Equities held at the long-term safekeeping accounts +26% +24% 27.9 27.9 28.0 63% 20% collateral management services 12% clearing 2% 2% book-entry transfers 6% 6% 8% 13% 24.1 13% 22.2 22.6 22.7 13% 13% 10% -8% [10%] 8% 13% 14% 15% 15% 16% 14% Safekeeping 32% 33% 32% 36% 37% 36% 37% 17% 17% 17% 17% 16% 16% 17% 23% 24% 23% 24% 24% 24% 25% Depository transactions and clearing services Services for issuers Settlement and cash services Other 1H2014 1H2015 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 Fee & commission income RUB mln +16% 1,696 +19% 1,468 954 735 766 822 874 1H2014 1H2015 ☑ MOSCOW EXCHANGE 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 Comments ■New assets under custody and market cap expansion contributed to fee growth of 19%. The increase in assets under custody was driven by admission of DRs and Eurobonds as collateral for repo and on- exchange Eurobond trading Under the corporate actions reform, NSD applied international standards for its e-proxy voting service: new technology allows implementation of ISO 20022 and ISO 15022 standards at all stages of the remote voting process Source: Moscow Exchange operational information and Consolidated Financial Statements 1 according to management accounts data 32

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