Monetization of advertising services

25th July 2013 For immediate release

MAIL.RU GROUP LIMITED

Monetization of advertising services

Dubai, UAE - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") announced today that on 1st July 2013 the Company reported that its proprietary search engine was now providing 100% of its search results. It was also announced that Mail.ru had entered a trial period with Yandex for the monetization advertising service. The Company is pleased to announce that the test period has been successfully concluded and that the boards of Mail.ru and Yandex have confirmed the arrangement in a co-operation between the companies.

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For further information please contact:

Investor Relations Contacts:

Matthew Hammond

Phone: +971 505 56 1315

Email: hammond@corp.mail.ru

Press Contacts:

Ksenia Chabanenko

Phone: +7 916 090 6626

Email: ks@corp.mail.ru

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since 5th November 2010) is a leading Internet company in the high-growth 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 85% of Russian Internet users on a monthly basis (comScore, December 2012) and the Company is in the TOP 5 largest Internet businesses globally, based on the number of total pages viewed (comScore, December 2012).

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 Russia's largest internet portal, Mail.Ru (TNS, all Russia, age 12-64, December 2012). The Company operates two of the three largest Russian language social networks, Odnoklassniki (OK) and Moi Mir (My World), and Russia's largest online game 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 in VKontakte (39.99%) and Qiwi (15.04%). The Company also holds a small minority stake in Facebook (14.2m shares), and a number of small venture capital investments in various Internet companies in Russia and Ukraine.