Admission to the Official List

Not to be distributed OR RELEASED, DIRECTLY OR INDIRECTLY, in or into the United States OR CANADA nor for release, publication or distribution in whole or in part in the Russian Federation.

These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933. Mail.ru Group Limited does not intend to register any part of the offering in the United States or to conduct a public offering of any Securities in the United States. The information contained herein is not for release, publication or distribution in whole or in part to the general public in the Russian Federation.

For immediate release

11 November 2010

MAIL.RU GROUP LIMITED ANNOUNCES ADMISSION TO THE OFFICIAL LIST AND COMMENCEMENT OF UNCONDITIONAL DEALINGS ON THE LONDON STOCK EXCHANGE

London / Moscow - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company"), the largest Internet company in the Russian-speaking world based on monthly unique users, today announces that its global depositary receipts ("GDRs"), each representing an interest in one ordinary share, have been admitted to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange.

Unconditional dealings in Mail.ru Group's GDRs on the International Order Book commenced at 08.00 UK time today, under the ticker "MAIL"

For further information please contact:

FD

London +44 (0)20 7831 3113 Moscow +7 495 795 06 23

James Melville-Ross Leonid Solovyev

Matt Dixon

Emma Appleton

* * *

Information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in the Russian Federation or to or for the benefit of any Russian person, and does not constitute an advertisement, or offering of any securities in the Russian Federation to any person other than a "qualified investor" (as defined in Federal Law No. 39-FZ "On Securities Market" dated 22 April 1996, as amended). This information must not be passed on to third parties or otherwise be made publicly available in the Russian Federation. The securities have not been and will not be registered in the Russian Federation or admitted to public placement and/or public circulation in the Russian Federation. The Company's securities are not intended for "placement" or "circulation" in the Russian Federation.

The information contained herein is not for release, publication or distribution in whole or in part in the Russian Federation.

The materials and information contained herein do not constitute an offer of securities and nothing shall be read or construed as constituting investment advice or recommendations.

In connection with the Offering, Goldman Sachs International, J.P. Morgan Securities Ltd., Morgan Stanley & Co. International plc, VTB Capital plc or Pacific Crest Securities LLC or any of their respective affiliates, acting as investors for their own accounts, may subscribe for or purchase GDRs and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such GDRs and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references in the prospectus to the GDRs being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, Goldman Sachs International, J.P. Morgan Securities Ltd., Morgan Stanley & Co. International plc, VTB Capital plc or Pacific Crest Securities LLC and any of their respective affiliates acting as investors for their own accounts. Goldman Sachs International, J.P. Morgan Securities Ltd., Morgan Stanley & Co. International plc, VTB Capital plc and Pacific Crest Securities LLC do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Goldman Sachs International, J.P. Morgan Securities Ltd., Morgan Stanley & Co. International plc, VTB Capital plc and Pacific Crest Securities LLC are acting exclusively for the Company and no one else in connection with the offering and will not regard any other person (whether or not a recipient of this press release) as their client in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their client.

Ends