09.02.2017

Notification of MegaFon acquisition of Mail.Ru Group shares from USM subsidiaries

MAIL.RU GROUP LIMITED ('Mail.ru Group' or the 'Company') has been informed of the closing of the acquisitionby MegaFon (LSE: MFON) of 11.5 million Class A shares and 21.9 million ordinary shares, representing an approximately 15.2% economic and 63.8% voting stake in Mail.Ru Group Limited from subsidiaries of USM Holdings.

Mail.Ru Group has been informed that the total consideration for the acquisition was US$ 740 million. MegaFon paid US$ 640 million in cash at closing earlier today, while the remaining consideration in the amount of US$ 100 million will be paid on a deferred basis in one year after the Closing.

For further information please contact:

Investors:

Matthew Hammond

E-mail: hammond@corp.mail.ru

Press:

Madina Tayupova

E-mail: m.tayupova@corp.mail.ru

mail.ru Group Ltd. published this content on 09 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 February 2017 17:23:07 UTC.

Original documenthttps://corp.mail.ru/en/press/releases/9873/

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