16 Nov 2010 12:04
For immediate release
16 November 2010
MAIL.RU GROUP LIMITED
("Mail.ru Group" or the "Company")
COMPLETION OF TRANSACTION
London / Moscow - MAIL.RU GROUP LIMITED (LSE: MAIL), the largest Internet company in the Russian-speaking world based on monthly unique users, is pleased to confirm that it has today completed the planned acquisition of a further 7.5% equity stake in vKontakte, Russia's largest social networking site, and simultaneously the planned investment of new capital in the business and the acquisition of an option to acquire a further stake in vKontakte, as described in the Company's prospectus.
The completion of this transaction brings Mail.ru Group's total equity stake in vKontakte to 32.5%.
For further information please contact:
FD
London +44 (0)20 7831 3113 Moscow +7 495 795 06 23
James Melville-Ross Leonid Solovyev
Matt Dixon
Ends