Report on successful initial launch of ArcheAge

6th March 2014 For immediate release

MAIL.RU GROUP LIMITED

Mail.Ru Group reports on successful initial launch of ArcheAge in Russia

Moscow, Russia - Mail.Ru Group Limited (LSE: MAIL), one of the largest Internet companies in the high-growth Russian-speaking Internet markets, is pleased to announce that MMORPG ArcheAge, recently launched in Russia, shows strong initial signs of success. In just two weeks since the start of open beta the game set a PCU record with more than 100,000 players simultaneously online.

Commenting on the release, CEO Dmitry Grishin said:

"We are pleased with the initial signs for ArcheAge and it is one of the most successful and impressive launches in the history of Mail.Ru Group Game Division. We are pleased that the European premiere of ArcheAge took place in Russia and that the game has attracted such strong user interest and engagement".

Investor Relation Contacts:

Matthew Hammond

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

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 86% of Russian Internet users on a monthly basis (comScore, August 2013) and the Company is in the TOP-5 largest Internet business, based on the number of total pages viewed (comScore, June 2013).

 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 minority equity stakes in VKontakte (39.99%) and Qiwi (10.4%). The Company also holds a number of small venture capital investments in various Internet companies in Russia and Ukraine.