MAIL.L Regulatory News (MAIL)

Not for release, publication or distribution in Australia, Canada, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, South Africa or the United States

July 22, 2014

Mail.ru Group Limited

INCREASE OF GDR BLOCK LISTING

Further to its announcement of July 18, 2014, Mail.ru Group Limited (the "Company") today announces that an increase of its block listing (the "GDR Block Listing") of global depositary receipts representing interests in ordinary shares of the Company (the "GDRs") to the official list and to trading on the London Stock Exchange's main market for listed securities is expected to occur on July 23, 2014 ("Admission") under the ticker MAIL. The GDR Block Listing will be increased from up to 128,574,211 GDRs to up to 197,604,111 GDRs (an increase of 69,029,900 GDRs).

No GDRs have been offered or marketed to the public in the UK or elsewhere in connection with the Admission or the publication of the prospectus, which has taken place solely in order to increase the size of the GDR Block Listing.

Further information about the Company is available on its website at:

http://corp.mail.ru

The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

This press release does not, and shall not, in any circumstances constitute a public offering of shares, or global depositary shares or receipts representing such shares, in Mail.ru Group Limited ("MGL") ("MGL Securities") nor an invitation to the public in connection with any offer. No action has been or will be taken in any country or jurisdiction that would permit a public offering of the Securities, or the possession or distribution of this press release or any other offering or publicity material relating to the Securities in any country or jurisdiction where action for that purpose is required. The acquisition of the Securities may be subject to specific legal or regulatory restrictions in certain jurisdictions. MGL takes no responsibility for any violation of any such restrictions by any person.

These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended or absent compliance with applicable provisions of the U.S. Investment Company Act of 1940, as amended.

In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in any relevant Member State) and includes any relevant implementing measure in the relevant Member State.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). Any person who is not a relevant person should not act or rely on this document or any of its contents.