BLOCK LISTING SIX MONTHLY RETURN

Name of applicant:

Mail.ru Group Limited

Name of scheme:

Global Depositary Receipts ("GDRs") with one GDR representing one ordinary share in the Company

Period of return:

From:

12/11/2011

To:

15/05/2012

Balance of unallotted securities under scheme(s) from previous return:

The Balance of unalloted securities as of 12/11/2011 was 25,259,236 GDRs.

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

0

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

2,035,011

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

23,224,225

Name of contact:

Matthew Hammond

Telephone number of contact:

+971 443 484 22