Notice of Trading Update - Replacement

The following replaces the Notification of Trading Update announcement, released at 07.00 am under RNS number 4276X.

The reference to the date 31 December 2013 has been corrected to 31 December 2012.

The full amended release appears below.

08 February 2013 For immediate release

MAIL.RU GROUP LIMITED

Notification of Trading Update and Conference Call

Dubai, UAE - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") will release its preliminary trading update for the full year ended 31 December 2012 before market opens on Tuesday 26 February 2013.

The management team will host an analyst conference call at 14.00 UK time (18.00 Moscow time, 09.00 U.S. Eastern Daylight Time), on Tuesday 26 February, including a Question and Answer session.

To participate in this conference call, please use the following access details:

Ends

For further information please contact:

Investor Relation Contacts:

Matthew Hammond

Managing Director Mail.Ru Group

Phone: +971 505 56 1315

E-mail: [email protected]

Press Contacts:

Ksenia Chabanenko

Phone: +7 916 0906626

E-mail: [email protected]

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 85% of Russian Internet users on a monthly basis (comScore, December 2012) and the Company is in the TOP-5 largest Internet business, based on the number of total pages viewed (comScore, December 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 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, and a number of small venture capital investments in various Internet companies in Russia and Ukraine.