Changes to Memorandum and Articles of Association

2nd July 2014 For immediate release

MAIL.RU GROUP LIMITED

Changes to Memorandum and Articles of Association

Dubai, UAE - The Company announces that changes to the Memorandum and Articles of Association of the Company that have been previously disclosed on April 25, 2014 are now effective starting June 30th 2014.

The amended Memorandum and Articles of Association of the Company have been filed on the National Storage Mechanism appointed by the Financial Services Authority and can be accessed at http://www.hemscott.com/nsm.do and is available on the Company's web-site at http://corp.mail.ru/media/files/2014-07-01-mail.ru-group-limtedm-and-aa-registry-filed.pdf

For further information please contact:

Investors:

Matthew Hammond

Mail.Ru Group

Phone: +971 505 56 1315

E-mail: [email protected]

Press:

Ksenia Chabanenko

Phone: +7 916 0906626

E-mail: [email protected]

Notes to editors

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since November 5, 2010) is a leading Internet company in the high-growth Russian-speaking Internet markets (Russia is Europe's largest Internet market measured by the number of users, comScore). Mail.Ru Group's sites reach approximately 94% of Russian Internet users on a monthly basis (comScore, December 2013) and the Company is the fifth largest Internet business globally, based on the total time spent (comScore, December 2013).

In line with the "communitainment" (communication plus entertainment) strategy, the Company is moving rapidly to build an integrated communications and entertainment platform. The Company owns Russia's leading email service and Russia's largest internet portal, Mail.Ru (TNS, all Russia, age 12-64, December 2013). The Company operates two of the three largest Russian language social networks, Odnoklassniki (OK) and Moi Mir (My World), and Russia's largest online games business. The Company's portfolio also includes Mail.Ru Agent and ICQ - two instant messaging services popular in Russia and CIS.

The Company holds non-controlling equity stakes in VK.com (51.99%) and Qiwi (5,8%). The Company also holds a number of small venture capital investments in various Internet companies in Russia, Ukraine and Israel.