H1 Accounts Published on Group Website

25 October 2011 For immediate release

MAIL.RU GROUP LIMITED

Interim consolidated financial statements for Half Year published on

Mail.ru Group website

London / Moscow - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") will today publish its interim consolidated financial statements on its Group website for the six months ended 30 June 2011 alongside a Q3 revenue update.

The statements will be available at http://corp.mail.ru/en/IR/ 

Investor Relations Contacts:

Matthew Hammond

Managing Director Mail.Ru Group

Phone: +971 505 56 1315 / +44 7711 624 679

E-mail: [email protected]

Press Contacts:

Alexey Ivanov

VP Corporate communications Mail.Ru Group

Phone: +7 495 725 6359 / +7 903 797 73 82

E-mail: [email protected]

Jon Snowball

FTI Consulting

Phone: +44 (0)20 7831 3113

E-mail: [email protected]

About Mail.Ru Group

Mail.Ru Group is a leading Internet company in the high-growth Russian-speaking Internet markets. Mail.Ru Group's sites reach approximately 80 per cent of Russian Internet users on a monthly basis and the Company is the world's fifth largest Internet business, based on page viewsi. Russia is today Europe's second largest Internet market measured by number of usersii.  

The origins of the Company date back to 1998 and since its formation as a group in 2005, and particularly since the end of 2008, the Company has moved rapidly to build an integrated communication and entertainment platform that allows it to attract and monetise one of the largest daily Internet audiences in the Russian speaking world. The Company, which is incorporated in the British Virgin Islands, operates two of the threeiii 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 second largest Internet portal based on daily and monthly unique users (Mail.ru), and the Company operates Russia's largest online games platform.

The Company holds strategic minority equity stakes in VKontakte and Qiwi (formerly OE Investments).

It holds a 39.99 per cent stake in VKontakte, Russia's largest social networking site measured by daily unique users, and it holds a 21.35 per cent interest in Qiwi, one of Russia's leading payment processing companies. The Company also holds small minority stakes in international Internet companies including Facebook, Zynga and Groupon as well as a number of small venture capital investments in various Internet companies in Russia and Ukraine.