Ownership structure and management change

3rd December 2021 For immediate release

VK COMPANY LIMITED

Ownership structure and management changes

VK Company Limited (LSE and MICEX-RTS: MAIL, hereinafter referred to as VK or the Company) has been notified about the planned changes in the shareholder structure of MF Technologies (MFT), with Sogaz JSC becoming a shareholder of MFT, while USM and MegaFon exiting its share capital.

VK announces that Boris Dobrodeev has decided to step down as the CEO of VK (Russia) and leave the Company. He will however continue his duties until a new CEO of VK (Russia) is appointed by the Board of Directors of VK, to ensure smooth management transition.

Boris Dobrodeev, CEO of VK (Russia) said:

"I've always said that users are the most important aspect of the Internet. But today I want to especially thank the VK team for our ambitious projects and the shareholders of VK for putting their trust in me. And I am grateful to all of them for the opportunity to participate in the development of one of the best companies in Russia.

I've been happy to work with a brilliant team of experienced professionals who are passionate about what they do. My colleagues' creative energy and new ideas have always inspired me. 

I would especially like to thank Alisher Usmanov for this unique opportunity for self-fulfillment and for the trust he has placed in me - аnd all the other strategic and minority VK shareholders for their support.

It has been a very exciting journey spanning eight years. Symbolically, I started it as a Deputy Director at VKontakte, and finished as of VK (Russia): a huge Сompany, a leader in the local social networking segment, education and food tech markets as well as a major global online gaming business. The Сompany is also actively developing mobility, classifieds, and other new initiatives. VK has a fascinating past, an interesting present and, I am sure, a great future. I am proud to have been a part of this Сompany and wish it only the best of luck.

I have big plans: I'm going to be working with USM's digital assets, including its stake in AliExpress Russia, and aim to launch a global venture fund. But in the meantime I will focus on a smooth handover and on making the transition as seamless as possible for shareholders, stress-free for the team and unnoticeable for millions of our users.

For further information please contact:

Investors

Tatiana VolochkovichPhone: +7 495 725 6357 extension: 3434Mobile: +7 905 594 6604E-mail: t.volochkovich@vk.team

Press

Sergei LuchinMobile: +7 (915) 223-35-71E-mail: s.luchin@vk.team 

About VK

VK develops the ecosystem helping millions of people with their day-to-day needs online. More than 90% of the Russian internet audience use the ecosystem services.

The ecosystem enables people to keep in touch (using social networks OK and VKontakte, messaging apps and email service), play video games (via MY.GAMES), get and offer items and services, browse jobs and hire talent (via Youla and VK Jobs), order food and grocery delivery (via Delivery Club, Samokat and Local Kitchen), get a ride (with Citymobil and Citydrive), master new skills (at GeekBrains, Skillbox and other educational services), buy and sell at AliExpress Russia and fulfill other needs.

The VK ecosystem features a number of shared elements bringing the services together. Users can sign in to different services with a single VK ID account, pay and earn cash back with the VK Pay platform, get discounts and deals with VK Combo, access their favorite services via the VK Mini Apps platform - and the Marusya voice assistant can help with any task.

The company offers enterprises to employ its dynamic ecosystem to digitize their business processes, providing a range of solutions from online promotion and predictive analytics to corporate social networks, cloud services and enterprise automation.