Notification of Trading Update and Conference Call

6 February 2012 For immediate release

MAIL.RU GROUP LIMITED

Notification of Trading Update and Conference Call

Dubai, UAE - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") will release its preliminary trading update for the full year ended 31 December 2011 before market opens on Friday 24 February 2012.

The management team will host an analyst conference call at 13.00 GMT UK time (17.00 Moscow time, 08.00 U.S. Eastern Daylight Time), on Friday 24 February 2012, including a Question and Answer session.

To participate in this conference call, please use the following access details:

Ends

For further information please contact:

Matthew Hammond

Managing Director Mail.Ru Group

Phone: +971 505 56 1315

E-mail: ir@corp.mail.ru

FTI Consulting

London +44 (0)20 7831 3113

Larisa Millings

Emma Appleton

Notes to Editors

About Mail.Ru Group

Mail.Ru Group (founded in 1998) is a leading Internet company in the high-growth Russian-speaking Internet markets (Russia is today Europe's the largest Internet market measured by number of users, ComScore, September 2011). Mail.Ru Group's sites reach approximately 84 per cent of Russian Internet users on a monthly basis (ComScore, December 2011) and the Company is the world's fifth largest Internet business, based on page views (ComScore, December 2011).

Having the Communitainment (Communications + Entertainment) strategy the Company is moving rapidly to build an integrated communication and entertainment platform. The Company operates two of the three (TNS, December 2011) largest Russian language online social networking sites (Odnoklassniki and Moi Mir (or "My World")). The Company also operates the two largest Instant Messaging ("IM") networks in Russia (Mail.Ru Agent and ICQ), Russia's leading email service and Russia's second largest Internet portal Mail.ru (based on daily and monthly unique users, TNS, December 2011), and the Company operates Russia's largest online games platform.

The Company holds strategic minority equity stakes in VKontakte (a 39.99 per cent stake) and Qiwi, formerly OE Investments (21.35 per cent interest). The Company also holds small minority stakes in international Internet companies including Facebook, Zynga and Groupon as well as a number of small venture capital investments in various Internet companies in Russia and Ukraine.