Release of 2017 annual report

24th April 2018 For immediate release

MAIL.RU GROUP LIMITED

Release of 2017 annual report

MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") announces the release of its annual report for the full year 2017.

The annual report has been filed on the National Storage Mechanism appointed by the Financial Services Authority and can be accessed at the Mail.Ru website at:

https://corp.imgsmail.ru/media/files/mail.rugrouparfy2017.pdf

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 total daily audience (Mediascope Web Index, Russia, population aged 12-64 in the cities 100,000+, December 2017).

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, a ride-sharing service BeepCar and a cross-border marketplace Pandao.

The Company owns 100% of mobile games developer Pixonic, 100% of Delivery Club and ZakaZaka, two largest food delivery companies in Russia, and a controlling stake in GeekBrains, an online education platform for developers. Mail.Ru Group also holds equity stakes in a number of small venture capital investments in various Internet companies in Russia, other CIS countries and Israel.

Mail.Ru Group is actively involved in IT education in Russia and has a number of education centers in partnership with major Russian universities. Mail.Ru Group also holds Russia's most important programming contests.