22.07.2014

Mail.ru Group Limited INCREASE OF GDR BLOCK LISTING

Further to its announcement of July 18, 2014, Mail.ru Group Limited (the "Company") today announces that an increase of its block listing (the "GDR Block Listing") of global depositary receipts representing interests in ordinary shares of the Company (the "GDRs") to the official list and to trading on the London Stock Exchange's main market for listed securities is expected to occur on July 23, 2014 ("Admission") under the ticker MAIL. The GDR Block Listing will be increased from up to 128,574,211 GDRs to up to 197,604,111 GDRs (an increase of 69,029,900 GDRs).

No GDRs have been offered or marketed to the public in the UK or elsewhere in connection with the Admission or the publication of the prospectus, which has taken place solely in order to increase the size of the GDR Block Listing.

For further information please contact:

Investors:

Matthew Hammond

Mail.Ru Group

E-mail: hammond@corp.mail.ru

Press:

Ksenia Chabanenko

E-mail: ks@corp.mail.ru

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 the number of users, comScore). Mail.Ru Group's sites reach approximately 94% of Russian Internet users on a monthly basis (comScore, December 2013) and the Company is the fifth largest Internet business globally, based on the total time spent (comScore, December 2013).

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 Russia's largest internet portal, Mail.Ru (TNS, all Russia, age 12-64, December 2013). The Company operates two of the three largest Russian language social networks, Odnoklassniki (OK) and Moi Mir (My World), and Russia's largest online games business. The Company's portfolio also includes Mail.Ru Agent and ICQ - two instant messaging services popular in Russia and CIS.

The Company holds non-controlling equity stakes in VK.com (51.99%) and Qiwi (5,8%). The Company also holds a number of small venture capital investments in various Internet companies in Russia, Ukraine and Israel.

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