22^nd June 2020                                                                                                         For immediate release

Mail.ru Group applies for a listing on the Moscow Exchange

MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") announces that the Company has submitted all the documents to the Moscow Exchange required to undertake a local listing of Mail.ru Group's Global Depositary Receipts (GDRs) (ISIN US5603172082), with target inclusion of these securities in the Level 1 List.

Mail.ru Group's GDRs are expected to begin trading in Moscow in the coming weeks, pending approval of the listing documents and admittance to trading by the Moscow Exchange.

Commenting on the event Boris Dobrodeev, CEO (Russia) of Mail.ru Group, said "Mail.ru Group's listing on the local exchange is a landmark event for our company, particularly as many of our Russian users do not currently have access to the London Stock Exchange, the platform for our main listing. We strongly believe that by extending access to our GDRs through the Moscow Exchange via the planned dual listing, we will be able to further diversify our shareholder base and meet one of the key requirements for future indexation. Mail.ru Group's local listing should enhance the liquidity of our company, which has been among our key strategic goals, given our strong commitment to public markets and improvement of our investment profile."

For further information please contact:

Investors

Tatiana Volochkovich

Phone: +7 495 725 6357 extension: 3434

Mobile: +7 905 594 6604

E-mail: t.volochkovich@corp.mail.ru

Press:
Sergei Luchin
Mobile: +7 (925) 347-83-81  

E-mail: s.luchin@corp.mail.ru
 

Cautionary Statement regarding Forward Looking Statements and Disclaimers

This press release contains statements of expectation and other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "forecast", "intend", "will", "could", "may" or "might", the negative of such terms or other similar expressions including "outlook" or "guidance". The forward-looking statements in this release are based upon various assumptions that are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and may be beyond the Group's control. Actual results could differ materially from those discussed in the forward looking statements herein. Many factors could cause actual results to differ materially from those discussed in the forward looking statements included herein, including competition in the marketplace, changes in consumer preferences, the degree of Internet penetration and online advertising in Russia, concerns about data security, claims of intellectual property infringement, adverse media speculation, changes in political, social, legal or economic conditions in Russia, exchange rate fluctuations, and the Group's success in identifying and responding to these and other risks involved in its business, including those referenced under "Risk Factors" in the Group's public filings. The forward-looking statements contained herein speak only as of the date they were made, and the Group does not intend to amend or update these statements except to the extent required by law to reflect events and circumstances occurring after the date hereof.

About Mail.ru Group:

Mail.ru Group (MAIL, listed since November 5, 2010) is the largest internet business in Russia in terms of total daily audience (Mediascope WEB-Index Desktop&Mobile, Russia 0+, population aged 12+, March 2020).

Mail.ru Group is developing the leading domestic internet communications and entertainment platform. The company owns Russia's two largest Russian language social networks, VKontakte (VK) and Odnoklassniki (OK), leading email service, one of Russia's largest internet portals (Mail.ru), and four instant messaging services. The company also holds the international gaming brand MY.GAMES, with a portfolio of hundreds of popular games for a range of platforms and over 605 million users worldwide. In 2019, Mail.ru Group Tech Lab was launched with a primary focus on technology and innovation development.

Mail.ru Group is a shareholder of AliExpress Russia JV along with Alibaba Group, MegaFon and Russian Direct Investment Fund. The company partners with Sberbank to jointly develop O2O service platform targeting food delivery and taxi markets.