Change in MFT nominated director

21 December 2018 For immediate release

MAIL.RU GROUP LIMITED

Change in MFT nominated director

MAIL.RU GROUP LIMITED ("Mail.Ru Group" or the "Company") today announces that in accordance with the nomination by Boris Dobrodeev, exercising his voting rights under the MFT shares earlier granted to him by MFT shareholders, MFT has nominated Vladimir Gabrielyan as the new Director to the Board of the Company with immediate effect.

Mr. Gabrielyan has been with Mail.Ru Group since 2001 and has very extensive experience. He is currently Vice President and CTO of Mail.Ru Group and was one of the earliest employees of the Company.

The new nomination will replace Boris Dobrodeev. There is no change in the economic ownership of MFT or in the management of Mail.Ru Group.

Boris Dobrodeev, CEO (Russia) of Mail.Ru Group: "In order to avoid any perceived conflict of interest between myself exercising the votes on behalf of MFT, and the board, we have decided to strengthen and further empower the operating management of the Company, through the appointment of Vladimir to the Board. This change allows me, as CEO, to exercise the votes on behalf of the Company, its employees and shareholders, and report to the Board. There is no change in the management, strategy or governance as a result of this".

For further information please contact:

Investors:

Matthew Hammond

Mail.Ru Group

Phone: +971 505 56 1315

E-mail: hammond@corp.mail.ru

Press

Olga Zyryaeva

Phone: +7 909 974 5996

E-mail: o.zyryaeva@corp.mail.ru

About Mail.Ru Group

Mail.Ru Group, international brand My.com (MAIL.IL, listed since November 5, 2010) is the largest internet business in Russia in terms of mobile daily audience (Mediascope Mobile Index, population aged 12-64 in the cities 100,000+, December2017, Russia).

In line with the communitainment (communication plus entertainment) strategy, the Company is developing an integrated communications and entertainment platform. The Company owns Russia's leading email service and one of Russia's largest internet portals, Mail.Ru. The Company operates three of the major Russian language social networks, VKontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), and Russia's largest online games, including such gaming titles as Warface, Armored Warfare, Skyforge and Perfect World. The сompany's portfolio also includes a leading OpenStreetMap-based offline mobile maps and navigation service MAPS.ME, auto classifieds service Am.ru, instant messaging services ICQ, Agent Mail.Ru and TamTam, a mobile location based marketplace Youla, and a ride-sharing service BeepCar.

The Company owns 100% of mobile games developer Pixonic, and 100% of Delivery Club and ZakaZaka, two largest food delivery companies in Russia. Mail.Ru Group also holds equity stakes in a number of small venture capital investments in various Internet companies in Russia, Ukraine and Israel.