Payment of special dividend & H1 2012 results date

6th August 2012 For immediate release

MAIL.RU GROUP LIMITED

Mail.ru Group announces payment of special dividend and H1 2012 results date

Dubai, UAE - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") announces today

that it will pay a special dividend on August 28th, 2012 of US$3.80 per share for shareholders on the record date of August 17th 2012 representing a total payout of US$795m. The dividend was approved by the Board of Directors of Mail.ru on August 6th 2012.

The Company also announces that it will release, before market opens on Wednesday 5th September 2012, its results for the half year ended 30 June 2012.

The Mail.ru Group management team will host an analyst conference call at 14.00 UK time (17.00 Moscow time, 09.00 U.S. Eastern Daylight Time), on Wednesday 5 September 2012, including a Question and Answer session.

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

For further information please contact:

Investors:

Matthew Hammond

Managing Director 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 announcement

Pursuant to the Articles of Association of the Company a written resolution has been passed on August 6th 2012 by members of the Company holding shares which represent at least 75% of the total number of votes attached to the issued and outstanding shares. The resolution has been filed on the National Storage Mechanism appointed by the Financial Services Authority and can be accessed at http://www.hemscott.com/nsm.do.

Notes to editors

About Mail.Ru Group

Having 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 (TNS, December 2011) 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 Mail.ru (based on daily and monthly unique users, TNS, December 2011), and the Company operates Russia's largest online games platform.

The Company holds strategic minority equity stakes in VKontakte (a 39.99 per cent stake) and Qiwi, formerly OE Investments (21.35 per cent interest). 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.