Blocklisting Return

Name of applicant:

Mail.ru Group Limited

Name of scheme:

Global Depositary Receipts ("GDRs") with one GDR representing one ordinary share in the Company

Period of return:

From:

11/11/2010

To:

09/05/2011

Balance of unallotted securities under scheme(s) from previous return:

This is the first six monthly return for Mail.ru Group Limited, as admission occurred on 11/11/2010.

The Balance of unalloted securities immediately following admission was 50,000,000 GDRs.

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

0

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

 13,864,705

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

 36,135,295

Name of contact:

Matthew Hammond

Telephone number of contact:

+971 443 484 22