Publication of Prospectus

29th June 2015 For immediate release

Not for release, publication or distribution in Australia, Canada, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, South Africa or the United States

MAIL.RU GROUP LIMITED

Publication of Prospectus In Order To Increase GDR block Listing

Mail.ru Group Limited (the "Company"), today announces that the following prospectus has been approved by the UK Listing Authority and is available for viewing:

· Prospectus dated June 29, 2015 relating to global depositary receipts representing interests in ordinary shares of the Company (the "GDRs").

No GDRs have been offered or marketed to the public in the UK or elsewhere in connection with the publication of this Prospectus, which has been published solely to increase the size of the Company's GDR block listing.

A copy of the prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at:

http://www.morningstar.co.uk/uk/nsm

Further information about the Company is available on its website at:

http://corp.mail.ru.

This press release does not, and shall not, in any circumstances constitute a public offering of shares, or global depositary shares or receipts representing such shares, in Mail.ru Group Limited ("MGL") ("MGL Securities") nor an invitation to the public in connection with any offer. No action has been or will be taken in any country or jurisdiction that would permit a public offering of the Securities, or the possession or distribution of this press release or any other offering or publicity material relating to the Securities in any country or jurisdiction where action for that purpose is required. The acquisition of the Securities may be subject to specific legal or regulatory restrictions in certain jurisdictions. MGL takes no responsibility for any violation of any such restrictions by any person.

These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended or absent compliance with applicable provisions of the U.S. Investment Company Act of 1940, as amended.

This document is an advertisement and is not a prospectus for the purposes of the Prospectus Directive. A prospectus prepared pursuant to the Prospectus Directive has been published, which, when published, can be obtained as outlined herein. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus. In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in any relevant Member State) and includes any relevant implementing measure in the relevant Member State.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). Any person who is not a relevant person should not act or rely on this document or any of its contents.

For Further Information Please Contact:

Investors

Matthew Hammond

Phone: +971 505 56 1315

Email: [email protected]

Press

Irina Solenaya

Phone: +7 909 999 5454

Email: [email protected]

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since November 5, 2010) is a leading company in the 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 96% of Russian Internet users on a monthly basis (comScore, December 2014) and the Company is the sixth largest Internet business globally, based on the total time spent (comScore, December 2014).

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 one of Russia's largest internet portals, Mail.Ru (TNS, all Russia, age 12-64, December 2014); three major Russian language social networks, Vkontakte (VK), Odnoklassniki (OK.RU) and Moi Mir (My World); and Russia's largest online games business. Our portfolio also includes a leading OpenStreetMap-based offline mobile maps and navigation service MAPS.ME and two instant messaging (IM) services, Mail.Ru Agent and ICQ, popular in Russia and CIS.

The Company holds minority equity stakes in Qiwi (1.31%) and a number of small venture capital investments in various Internet companies in Russia, Ukraine and Israel.