MAIL.L Regulatory News (MAIL)

12th March 2015

MAIL.RU GROUP LIMITED

Members resolution approving LTIP RSU programme.

12th March 2015. Mail.Ru Group Limited (LSE: MAIL, hereinafter referred to as "the Company" or "the Group") today announces that pursuant to the Articles of Association of the Company a written resolution has been passed on March 11, 2015 by members of the Company holding shares which represent at least 75% of the total number of votes attached to the issued and outstanding shares, approving issue at par value of additional ordinary shares up to 5% of the currently issued share capital of the Company to be used for the LTIP RSU programme. The resolution has been filed on the National Storage Mechanism appointed by the Financial Services Authority and can be accessed shortly at http://www.hemscott.com/nsm.do.

For Further Information Please Contact:

Investors

Matthew Hammond

Phone: +971 505 56 1315

E-mail: hammond@corp.mail.ru

Press

Irina Solenaya

Phone: +7 909 999 5454

E-mail: solenaya@corp.mail.ru

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since November 5, 2010) is a leading Internet company in the Russian-speaking Internet markets (Russia is Europe's largest Internet market measured by the number of users, comScore). Mail.Ru Group's sites reach approximately 96% of Russian Internet users on a monthly basis (comScore, December 2014) and the Company is the sixth largest Internet business globally, based on the total time spent (comScore, December 2014).

In line with the 'communitainment' (communication plus entertainment) strategy, the Company is moving rapidly to build an integrated communications and entertainment platform. The Company owns Russia's leading email service and one of Russia's largest internet portal, Mail.Ru (TNS, all Russia, age 12-64, December 2014). The Company operates three largest Russian language social networks, Vkontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), and Russia's largest online games business. The Company's portfolio also includes Mail.Ru Agent and ICQ - two instant messaging services popular in Russia and CIS.

The Company holds minority equity stakes Qiwi (1.31%) and a number of small venture capital investments in various Internet companies in Russia, Ukraine and Israel.