Mail.Ru Group Limited GDR buying programme

Mail.Ru Group Limited

GDR buying programme

With the publication of the 2012 annual report and Q1 revenue update on April 25, 2013. Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as "the Company" or "the Group"), announced that the board had approved a $30m GDR buying programme for the Employee Benefit Trust (the "EBT"). The EBT may acquire such number of GDRs as it sees fit up to a maximum total consideration of $30m.

The company announces today that this buying programme was started on Friday, June 21 2013.

Investor Relations Contacts:

Matthew Hammond

Managing Director Mail.Ru Group

Phone: +971 505 56 1315

Email: [email protected]

Press Contacts:

Ksenia Chabanenko

Phone: +7 916 090 6626

Email: [email protected]

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since 5th November 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 86% of Russian Internet users on a monthly basis (comScore, March 2013) and the Company is in the TOP 5 largest Internet businesses globally, based on the number of total pages viewed (comScore, March 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, March 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 game business. The Company's portfolio also includes Mail.Ru Agent and ICQ - two instant messaging services popular in Russia and CIS.

The Company holds minority equity stakes in VKontakte (39.99%) and Qiwi (15.04%). The Company also holds a small minority stake in Facebook (14.2m shares), and a number of small venture capital investments in various Internet companies in Russia and Ukraine.