1Q 2018 Business Overview

Dispersed ownership with one of the highest free-floats in Russia Dispersed ownership with no controlling shareholder... as of 3 April 2018¹ ...and one of the highest free-floats in Russia³ Others 47.5% CBR 11.8% Free float - 57.5% Sberbank 10.0% The Capital Group Co. 5.0% VEB 1 8.4% EBRD .6.1% RDIF 5.0% MICEX Finance² 1.2% J.P.Morgan Chase & Co 5.0% Growing liquidity of MOEX shares4 RUB mln 24 Rank among the most liquid shares listed on MOEX5 Average daily trading volume 8 10 Magnit Moscow Exchange Sberbank MTS Gazprom Lukoil VTB Norilsk Nickel Alrosa Tatneft Rostelecom Inter RAO Novatek Surgutneftegaz RusHydro 66% 58% 48% 48% 46% 46% 39% 38% 34% 32% 32% 29% 27% 25% | 25% Transparency and international recognition 17 17 946 ◉ 802 468 352 159 2013 2014 2015 2016 2017 International index providers MSCI and MVIS include MOEX shares in their indices Voluntary disclosures and regular updates of investor materials, including monthly trading results Annual MOEX Forums in Moscow, New York, London and Shanghai have become well-know venues to maintain dialogue with international market participants Robust investor relations program: ✓ 355 investor meetings in 2017 ✓ IR activities in Russia, the UK, Europe and the US to maintain dialogue with overseas investors ✓ IR awards in Russia in 2014-2017 Stakes of MICEX Finance, OppenheimerFunds, Capital Group, J. P. Morgan Chase & Co are as reported in most recent mandatory disclosure forms 100% owned subsidiary of the Moscow Exchange 1 2 ☑ MOSCOW 3 Largest locally registered Russian companies by market capitalization included in the MOEX Index EXCHANGE 4 Trading volumes in the main trading mode (TO, T+2) 5 The ranking includes ordinary and preferred shares 11

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