3Q 2021 Financial Overview

Blue Chips bid-ask spread dynamics for 50k EUR deal (1) Analysis provided by Market share¹ 2019 9M'21 Average Bid-ask spread 50k EUR deal (b.p.2) 2019 Liquid Metrix 18% 29% 9.6 7.3 6.5 Gazprom 71% 82% 2020 14.2 13.9 22% 18% 9.1 9.4 Sberbank 4.9 78% 82% 26% 7.5 9.7 42% 6.0 6.5 Lukoil 58% 74% 13.6 21% 38% 11.2 Norilsk Nickel 8.9 8.4 62% 79% 14% 52.9 73.1 25% Magnit 75% 19.4 86% 21.3 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 Lukoil, Norilsk Nickel as of 3M2020 Source: Liquid Metrix, Bloomberg, Moscow Exchange 59

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