Director's Dealings

25 September 2012 For immediate release

MAIL.RU GROUP LIMITED

(the " Company")

Director's Dealings

The Company was notified today that Gregory Finger, a director of the Company, sold today, before commencement of business, his entire shareholding in the Company, being 12,000,000 Ordinary Shares of USD 0.000005 each, at a price of USD34 per Ordinary Share.

-Ends-

For further information please contact:

Investor Relations Contacts:

Matthew Hammond

Managing Director Mail.Ru Group Limited

Phone: +971 505 56 1315

Email: [email protected]

Press Contacts:

 Ksenia Chabanenko

PR Director Mail.Ru Group (Russia)

Phone: +7 495 725 6359 / +7 916 090 6626

Email: [email protected]

Notes to Editors

About Mail.Ru Group Limited

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 number of users, comScore). Mail.Ru Group's sites reach approximately 81.8 per cent of Russian Internet users on a monthly basis (comScore, August 2012) and the Company is the world's sixth largest Internet business, based on total time spent online (comScore, August 2012).

In line with the Communitainment (Communications + Entertainment) strategy the Company is moving rapidly to build an integrated communication and entertainment platform. The Company operates two of the three largest Russian language online social networking sites (Odnoklassniki and Moi Mir (or "My World")). The Company also operates the two largest Instant Messaging ("IM") networks in Russia (Mail.Ru Agent and ICQ), Russia's leading email service and Russia's largest Internet portal Mail.ru, and the Company operates Russia's largest online games platform.

The Company holds strategic minority equity stakes in VKontakte (39.99%) and Qiwi, formerly OE Investments (21.35%). The Company also holds small minority stakes in international Internet companies including Facebook (1.34%), Zynga (1.15%) and Groupon (4.11%) as well as a number of small venture capital investments in various Internet companies in Russia and Ukraine.