HHR Mergers and Acquisitions Presentation Deck

Key Financial Highlights hh 17% Zarplata 84% 2) 27% 3) HeadHunter 88% 2019 revenue growth¹ -15%- Seek 2019 cash conversion³ 95% 5% Seek 22% 51Job Wise Talent 98% 71% 40% 51Job Wise Talent Zarplata HeadHunter 11.4x 50% Zarplata 25.4x 2019 EBITDA margin² HeadHunter 23% Seek EV/EBITDA² 2020 26.5x Zarplata HeadHunter Source: IBES, CapIQ, Eikon as of 06 November 2020. Zarplata revenue for 2019 is according to Zarplata's internal data, was not audited, and might not be in accordance with IFRS. We have made a preliminary internal analysis and concluded that Zarplata's revenue recognition policy currently resembles IFRS, however there can be no assurance that this policy was applied consistently in historical periods 1) 32% Seek 51Job Wise Talent 18.7x 4% 51Job 20.7x Wise Talent Adj. EBITDA Margin is a non-IFRS financial measures. EBITDA is calculated as Operating Profit per management accounts plus Depreciation. Adjusted EBITDA is calculated as EBITDA plus Allocated expenses of management companies, plus Reversal of depreciation and other one-off items. Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by revenue. Based on mid-range expectations for Zarplata EBITDA 2020 Cash Conversion calculated as (EBITDA - CAPEX) / EBITDA 7

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