<p>MOSCOW and AMSTERDAM, the Netherlands, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Yandex
   (NASDAQ:YNDX), one of Europe's largest internet companies and
   the leading search provider in Russia, today announced its unaudited financial results for the fourth quarter and the
   full year ended December 31, 2017.</p>
<h2>Q4 2017 Financial Highlights(1)(2)</h2>
<ul>
    <li><strong>Revenues </strong>of RUB 27.9 billion ($483.7 million), up 26% compared with Q4 2016
    </li>
    <li><strong>Net income</strong> of RUB&nbsp;3.5 billion ($60.8 million), up 189% compared with Q4
                                                     2016;<strong> net income margin </strong>of 12.6%
    </li>
    <li><strong>Adjusted net income</strong> of RUB&nbsp;5.2 billion ($91.1 million), up 62% compared
                                                              with Q4 2016; <strong>adjusted net income
                                                                                            margin </strong>of
                                                              18.8%
    </li>
    <li><strong>Adjusted EBITDA </strong>of RUB 9.3 billion ($161.3 million), up 39% compared with Q4
                                                          2016; <strong>adjusted EBITDA
                                                                                margin </strong>of 33.4%
    </li>
    <li><strong>Cash, cash equivalents and term deposits </strong>of RUB 70.7 billion ($1,227.6
                                                                                   million) as of December 31, 2017
    </li>
</ul>
<h2>FY 2017 Financial Highlights(1)(2)</h2>
<ul>
    <li><strong>Revenues </strong>of RUB 94.1 billion ($1,632.9 million), up 24% compared with FY 2016
    </li>
    <li><strong>Net income </strong>of RUB&nbsp;8.7 billion ($150.3 million), up 28% compared with FY
                                                     2016;<strong> net income margin </strong>of 9.2%
    </li>
    <li><strong>Adjusted net income </strong>of RUB&nbsp;15.4 billion ($266.6 million), up 9% compared
                                                              with FY 2016;<strong> adjusted net income
                                                                                            margin </strong>of
                                                              16.3%
    </li>
    <li><strong>Adjusted EBITDA </strong>of RUB 29.1 billion ($504.8 million), up 11% compared with FY
                                                          2016;<strong> adjusted EBITDA
                                                                                margin </strong>of 30.9%
    </li>
</ul>
<h2>Q4 2017 Operational and Corporate Highlights</h2>
<ul>
    <li><strong>Share of Russian search market</strong>, including mobile, averaged 56.5% in Q4 2017,
                                                                        compared with 54.9% in Q3 2017, and reached
                                                                        56.7% in December 2017, according to
                                                                        Yandex.Radar
    </li>
    <li><strong>Search share on Android</strong> in Russia was 45.0% in Q4 2017, compared with 41.2% in
                                                                  Q3 2017 and 37.0% in Q4 2016
    </li>
    <li><strong>Search queries</strong> in Russia grew 9% compared with Q4 2016</li>
    <li><strong>Paid clicks</strong> on Yandex’s and its partners’ websites, in aggregate, increased
                                                      10% compared with Q4 2016
    </li>
    <li>Average <strong>cost per click</strong> grew 9% compared with Q4 2016</li>
    <li><strong>Yandex.Taxi number of rides </strong>grew 250% year-on-year compared with Q4 2016</li>
    <li>Yandex launched <strong>Alice</strong> - the first conversational intelligent assistant
        designed for the Russian market
    </li>
    <li>The <strong>Federal Antimonopoly Service</strong> of the Russian Federation approved the
        combination of <strong>Yandex.Taxi</strong> and <strong>Uber</strong>
        ride-sharing businesses
    </li>
    <li><strong>Yandex</strong> and <strong>Sberbank</strong> signed a binding
                                                 agreement to form a joint venture based on the Yandex.Market platform
    </li>
</ul>
<h2>Q4 2017 Subsequent Events</h2>
<ul>
    <li>Yandex created <strong>Media Services</strong> (KinoPoisk, Yandex.Music, Yandex.Afisha and
        Yandex.TV program) business unit
    </li>
    <li>On February 7, 2018, Yandex completed the transaction between <strong>Yandex.Taxi</strong> and
        <strong>Uber</strong> in Russia and neighbouring countries
    </li>
</ul>
<p>“I am delighted with Yandex’s performance in 2017,” said Arkady Volozh, Chief Executive Officer of Yandex. “It was a
   transformational year for us in many ways, with great partnerships and continuous innovation supported by an
   improving macro environment. We made enhancements to Search, Zen and Taxi, and launched Alice, our intelligent voice
   assistant.” </p>
<p>“Delivering 26% year-over-year top line growth was quite an accomplishment,” said Greg Abovsky, Chief Operating
   Officer and Chief Financial Officer of Yandex. “Focused investment in leading edge technologies supported solid
   growth rates in our core business and revenue acceleration in Yandex.Taxi and Classifieds segments.”</p>
<p>The following table provides a summary of our key <strong>consolidated financial results</strong>
   for the three and twelve months ended December 31, 2016 and 2017:</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom gnw_border_right_solid" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom gnw_border_right_solid"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            22,119
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            27,860
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            75,925
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            94,054
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>24%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Ex-TAC revenues<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            17,845
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            23,071
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            60,975
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            76,709
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Income from operations
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            3,337
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,817
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>44%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            12,847
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            13,036
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>1%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            6,701
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            9,293
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            26,121
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            29,075
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            1,213
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            3,500
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>189%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            6,783
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            8,656
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted net income<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            3,249
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            5,249
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>62%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            14,116
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            15,359
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>9%</em></td>
    </tr>
</tbody>
</table>
<p>(1) Pursuant to SEC rules regarding convenience translations, Russian ruble (RUB) amounts have been translated into
   U.S. dollars at a rate of RUB 57.6002 to $1.00, the official exchange rate quoted as of December 31, 2017 by the
   Central Bank of the Russian Federation.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>(2) The following measures
   presented in this release are “non-GAAP financial measures”: ex-TAC revenues; adjusted EBITDA; adjusted EBITDA
   margin; adjusted ex-TAC EBITDA margin; adjusted net income; adjusted net income margin and adjusted ex-TAC net income
   margin. Please see the section headed “Use of Non-GAAP Financial Measures” below for a discussion of how we define
   these measures, as well as reconciliations at the end of this release of each of these measures to the most directly
   comparable U.S. GAAP measures.</p>
<p><strong>Consolidated revenues breakdown</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Online advertising revenues:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i30">
            <em>Yandex properties</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;15,487
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;18,932
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>22%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;52,888
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;65,149
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i30">
            <em>Advertising network</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,518
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,138
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;19,691
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;22,251
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>13%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total online advertising revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;21,005
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;25,070
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;72,579
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;87,400
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Other
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,114
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,790
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>150%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,346
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,654
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>99%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;22,119
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;27,860
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;75,925
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;94,054
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>24%</em></td>
    </tr>
</tbody>
</table>
<p><strong><br>Online advertising revenues</strong> grew 19% in Q4 2017 compared with Q4 2016 and
                                                                     continued to determine overall top-line
                                                                     performance, contributing 90% of total revenues.
                                                                     Online advertising revenues include revenues
                                                                     derived from performance and brand advertising on
                                                                     Yandex properties and in our advertising network.
</p>
<p><strong>Online advertising revenues from Yandex properties</strong> increased 22% in Q4 2017
                                                                                        compared with Q4 2016 and
                                                                                        accounted for 68% of total
                                                                                        revenues.</p>
<p><strong>Online advertising revenues from our advertising network</strong> increased 11% in Q4 2017
                                                                                              compared with Q4 2016 and
                                                                                              contributed 22% of total
                                                                                              revenues.</p>
<p><strong>Other revenues</strong> grew 150% in Q4 2017 compared with Q4 2016, and were mainly driven
                                                    by growth in Yandex.Taxi revenues.&nbsp;</p>
<p><strong>Segment revenues&nbsp;</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Revenues:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Search and Portal
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;20,095
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;24,067
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;69,256
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;83,975
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            E-commerce
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,406
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,445
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>3%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,718
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,968
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>5%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Taxi
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;753
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,191
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>191%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,313
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,891
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>111%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Classifieds
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;398
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;693
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>74%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,304
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,082
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>60%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Experiments
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;282
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;576
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>104%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;830
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,658
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>100%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Eliminations
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(815)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,112)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>36%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2,496)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(3,520)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>41%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;22,119
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;27,860
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;75,925
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;94,054
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>24%</em></td>
    </tr>
</tbody>
</table>
<p><em>Search and Portal segment includes all our services offered in Russia, Belarus
       and Kazakhstan  (and, for
                                                                                                              periods
                                                                                                              prior to
                                                                                                              the
                                                                                                              imposition
                                                                                                              of
                                                                                                              sanctions
                                                                                                              on Yandex
                                                                                                              by the
                                                                                                              government
                                                                                                              of Ukraine
                                                                                                              in May
                                                                                                              2017, all
                                                                                                              our
                                                                                                              services
                                                                                                              offered in
                                                                                                              Ukraine)</em><em>,
                                                                                                                                   other
                                                                                                                                   than
                                                                                                                                   those
                                                                                                                                   described
                                                                                                                                   below;</em><br><em>E-commerce
                                                                                                                                                               segment
                                                                                                                                                               includes
                                                                                                                                                               our
                                                                                                                                                               Yandex.Market
                                                                                                                                                               service;</em><br><em>Taxi
                                                                                                                                                                                             segment
                                                                                                                                                                                             includes
                                                                                                                                                                                             our
                                                                                                                                                                                             Yandex.Taxi
                                                                                                                                                                                             service
                                                                                                                                                                                             and
                                                                                                                                                                                             Food
                                                                                                                                                                                             delivery
                                                                                                                                                                                             business
                                                                                                                                                                                             FoodFox
                                                                                                                                                                                             acquired
                                                                                                                                                                                             in
                                                                                                                                                                                             December
                                                                                                                                                                                             2017;</em><br><em>Classifieds
                                                                                                                                                                                                                        segment
                                                                                                                                                                                                                        includes
                                                                                                                                                                                                                        Auto.ru,
                                                                                                                                                                                                                        Yandex.Realty,
                                                                                                                                                                                                                        Yandex.Jobs
                                                                                                                                                                                                                        and
                                                                                                                                                                                                                        Yandex.Travel;</em><br><em>Experiments
                                                                                                                                                                                                                                                            segment
                                                                                                                                                                                                                                                            includes
                                                                                                                                                                                                                                                            Media
                                                                                                                                                                                                                                                            Services
                                                                                                                                                                                                                                                            (including
                                                                                                                                                                                                                                                            KinoPoisk,
                                                                                                                                                                                                                                                            Yandex.Music,
                                                                                                                                                                                                                                                            Yandex.Afisha
                                                                                                                                                                                                                                                            and
                                                                                                                                                                                                                                                            Yandex.TV
                                                                                                                                                                                                                                                            program),
                                                                                                                                                                                                                                                            Yandex
                                                                                                                                                                                                                                                            Data
                                                                                                                                                                                                                                                            Factory,
                                                                                                                                                                                                                                                            Discovery
                                                                                                                                                                                                                                                            services
                                                                                                                                                                                                                                                            (including
                                                                                                                                                                                                                                                            Yandex
                                                                                                                                                                                                                                                            Zen
                                                                                                                                                                                                                                                            and
                                                                                                                                                                                                                                                            Yandex
                                                                                                                                                                                                                                                            Launcher
                                                                                                                                                                                                                                                            international
                                                                                                                                                                                                                                                            revenues)
                                                                                                                                                                                                                                                            and
                                                                                                                                                                                                                                                            Search
                                                                                                                                                                                                                                                            and
                                                                                                                                                                                                                                                            Portal
                                                                                                                                                                                                                                                            in
                                                                                                                                                                                                                                                            Turkey.</em><br><em>Eliminations
                                                                                                                                                                                                                                                                                         represent
                                                                                                                                                                                                                                                                                         the
                                                                                                                                                                                                                                                                                         elimination
                                                                                                                                                                                                                                                                                         of
                                                                                                                                                                                                                                                                                         transactions
                                                                                                                                                                                                                                                                                         between
                                                                                                                                                                                                                                                                                         the
                                                                                                                                                                                                                                                                                         reportable
                                                                                                                                                                                                                                                                                         segments,
                                                                                                                                                                                                                                                                                         primarily
                                                                                                                                                                                                                                                                                         related
                                                                                                                                                                                                                                                                                         to
                                                                                                                                                                                                                                                                                         advertising.</em>
</p>
<p><strong>Consolidated Operating Costs and Expenses</strong></p>
<p>Yandex’s operating costs and expenses consist of cost of revenues, product development expenses, sales, general and
   administrative expenses (SG&amp;A) and depreciation and amortization expenses (D&amp;A). Apart from D&amp;A, each of
   the above expense categories includes personnel-related costs and expenses, relevant office space rental, and related
   share-based compensation expense. Increases across all cost categories reflect investments in overall growth. In Q4
   2017 Yandex's headcount increased by 549 full-time employees. The total number of full-time employees was 7,445 as of
   December 31, 2017, up by 8% compared with September 30, 2017, and up 19% from December 31, 2016.&nbsp;</p>
<p><strong>Cost
                                                                                                                      of
                                                                                                                      revenues,
                                                                                                                      including
                                                                                                                      traffic
                                                                                                                      acquisition
                                                                                                                      costs
                                                                                                                      (TAC)</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            TAC:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Related to the Yandex advertising network
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,101
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,567
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>15%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            11,015
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            12,907
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Related to distribution partners
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,173
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,222
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,935
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,438
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>13%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total TAC
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,274
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,789
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            14,950
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            17,345
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>16%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Total TAC as a % of total revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19.3%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17.2%</em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19.7%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>18.4%</em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">
            <em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Other cost of revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,362
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,008
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>47%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,804
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            6,592
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>37%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Other cost of revenues as a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>6.2%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>7.2%</em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>6.3%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>7.0%</em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">
            <em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total cost of revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            5,636
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            6,797
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            19,754
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            23,937
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Total cost of revenues as a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>25.5%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>24.4%</em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26.0%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>25.5%</em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_right_solid">
            <em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p>TAC grew 12% in Q4 2017 compared with Q4 2016 and represented 17.2% of total revenues, 210 basis points lower than in
   Q4 2016 and 160 basis points lower compared with Q3 2017 due to revenue mix effect. </p>
<p><strong>Other cost of revenues</strong> in Q4 2017 increased 47% compared with Q4 2016, primarily
                                                            due to an increase in services provided to Taxi corporate
                                                            clients, for which revenue and related costs are recorded on
                                                            a gross basis, as well as growth of outsourced services in
                                                            Taxi.&nbsp;</p>
<p><strong>Product
                                                                                                              development</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Product development
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            5,201
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            15,832
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            18,761
        </td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid gnw_border_bottom_solid">
            <em>19%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19.4%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>18.6%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20.8%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19.9%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>Product development expenses grew slower than revenue and reflected salary increases in late 2016 and in 2017 and new
   hires.</p>
<p><strong>Sales, general and
                                                                                               administrative
                                                                                               (SG&amp;A)</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Sales, general and administrative
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            6,435
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            8,022
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>25%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            17,885
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            27,081
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>51%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29.1%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28.8%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23.6%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28.8%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p>SG&amp;A expenses grew in line with revenue, increasing by 25% in Q4 2017 compared to Q4 2016 as we continued to
   invest in advertising and marketing to support our business units, primarily Taxi.</p>
<p><strong>Share-based compensation (SBC) expense</strong>&nbsp;</p>
<p>SBC expense is included in each of the cost of revenues, product development, and SG&amp;A categories discussed
   above.</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            SBC expense included in cost of revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            48
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            36
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-25%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            193
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            178
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-8%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            SBC expense included in product development
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            566
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            811
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>43%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,238
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,477
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            SBC expense included in SG&amp;A
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            251
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            547
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>118%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            991
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,538
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>55%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total SBC expense
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            865
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,394
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>61%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,422
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,193
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>3.9%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>5.0%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4.5%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4.5%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>Total SBC expense increased 61% in Q4 2017 compared with Q4 2016. The acceleration of growth rates of our total SBC
   expense is primarily related to new equity-based grants made in 2016-2017 as well as to accelerated vesting of a
   portion of RSUs.&nbsp;</p>
<p><strong>Depreciation
                                                                                                              and
                                                                                                              amortization
                                                                                                              (D&amp;A)
                                                                                                              expense</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Depreciation and amortization
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,408
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,023
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            9,607
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            11,239
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10.9%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10.9%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12.7%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11.9%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p>D&amp;A expense increased 26% in Q4 2017 compared with Q4 2016. The acceleration of D&amp;A expense growth rate in Q4
   2017, compared with previous quarters, primarily reflects our investments in servers connected with the launch of our
   new data center in Vladimir, Russia, earlier in 2017.</p>
<p><strong>Income
                                                                                                              from
                                                                                                              operations</strong></p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Income from operations
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            3,337
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,817
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>44%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            12,847
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            13,036
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>1%</em></td>
    </tr>
</tbody>
</table>
<p>Income from operations increased 44% in Q4 2017 compared with Q4 2016. This growth rate was driven by low base of Q4
   2016 impacted by RUB 0.5 billion VAT provision, primarily related to prior years’ tax audit.</p>
<p><strong>Adjusted EBITDA</strong></p>
<p>Consolidated
                                                                                                      adjusted EBITDA</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            6,701
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            9,293
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            26,121
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            29,075
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11%</em></td>
    </tr>
</tbody>
</table>
<p>Adjusted EBITDA increased 39% in Q4 2017 compared with Q4 2016.</p>
<p>Adjusted EBITDA
                                                                                                       by segments</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_top">
            <strong><em>In RUB millions</em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended<br>December&nbsp;31,&nbsp;</strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended<br>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Search and Portal
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,123
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;10,665
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>31%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;28,445
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;36,658
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            E-commerce
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;329
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;370
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,420
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,598
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>13%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Taxi
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,300)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,584)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>22%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2,086)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(7,963)
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Classifieds
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(97)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;72
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(54)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;108
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Experiments
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(354)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(230)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-35%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,604)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,326)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-17%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total adjusted EBITDA
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,701
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,293
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;26,121
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29,075
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11%</em></td>
    </tr>
</tbody>
</table>
<p>Adjusted EBITDA of Taxi was negative RUB 1,584 million in Q4 2017, and improved significantly compared with negative
   RUB 3,168 million in Q3 2017. This improvement was mainly related to optimization of user and driver incentives, that
   we started in September 2017. </p>
<p><strong>Interest income</strong>&nbsp; in Q4 2017 was RUB 780 million, up from RUB 609 million in Q4
                                                    2016.</p>
<p><strong>Interest expense</strong> in Q4 2017 was RUB 226 million, down from RUB 265 million in Q4
                                                      2016.</p>
<p><strong>Foreign exchange </strong>loss in Q4 2017 was RUB 243 million, compared with a foreign
                                                      exchange loss of RUB 1,163 million in Q4 2016. This loss reflects
                                                      the appreciation of the Russian ruble during Q4 2017 from RUB
                                                      58.0169 to $1.00 on September 30, 2017, to RUB 57.6002 to $1.00 on
                                                      December 31, 2017. Yandex's Russian operating subsidiaries'
                                                      functional currency is the Russian ruble, and therefore changes
                                                      due to exchange rate fluctuations in the ruble value of these
                                                      subsidiaries' monetary assets and liabilities that are denominated
                                                      in other currencies are recognized as foreign exchange gains or
                                                      losses within the Other (loss)/income, net line in the condensed
                                                      consolidated statements of income. Although the U.S. dollar value
                                                      of Yandex's U.S. dollar-denominated assets and liabilities was not
                                                      impacted by these currency fluctuations, they resulted in a
                                                      downward revaluation of the ruble equivalent of these U.S.
                                                      dollar-denominated monetary assets and liabilities in Q4 2017.</p>
<p><strong>Income tax expense </strong>for Q4 2017 was RUB 1,897 million, up from RUB 1,314 million in
                                                        Q4 2016. Our effective tax rate of 35.1% in Q4 2017 was lower
                                                        than in Q4 2016, primarily due to the effects of certain tax
                                                        provisions recognized in Q4 2016 related to the results of prior
                                                        years' tax audits. Adjusted for the similar tax effects, SBC
                                                        expense and also for additional dividend withholding tax
                                                        provided by our main Russian operating subsidiary following
                                                        decision to remit earnings for the year 2013 to our Dutch parent
                                                        company, our effective tax rate for Q4 2017 was 22.8%, compared
                                                        with 23.4% for full year 2016 as adjusted for SBC expense and
                                                        similar provisions in that year.</p>
<p><strong>Net income</strong> was RUB 3.5 billion ($60.8 million) in Q4 2017, up 189% compared with Q4
                                                2016, mainly due to growth in income from operations in Q4 2017 as well
                                                as due to higher foreign exchange loss in Q4 2016 compared with Q4 2017.
</p>
<p><strong>Adjusted net income </strong>in Q4 2017 was RUB 5.2 billion ($91.1 million), a 62% increase
                                                         from Q4 2016.</p>
<p><strong>Adjusted net income margin</strong> was 18.8% in Q4 2017, compared with 14.7% in Q4 2016.
</p>
<p>As of December 31, 2017, Yandex had<strong> cash, cash equivalents and term deposits </strong>of RUB
   70.7 billion ($1,227.6 million).</p>
<p><strong>Net cash flow provided by operating activities </strong>for Q4 2017 was RUB 7.6 billion
                                                                                    ($131.8 million) and<strong>
        capital expenditures </strong>were RUB 2.6 billion ($44.5 million).</p>
<p>During Q4 2017 there were no repurchases of convertible debt notes.</p>
<p><strong>Redeemable noncontrolling interests</strong> presented in our condensed consolidated balance
                                                                         sheets relate to the equity incentive
                                                                         arrangements we have made available to the
                                                                         senior employees of the Taxi, Classifieds and
                                                                         E-commerce segments, pursuant to which such
                                                                         persons are eligible to acquire depositary
                                                                         receipts, or receive options to acquire
                                                                         depositary receipts, which entitle them to
                                                                         economic interests in the respective business
                                                                         unit subsidiaries.</p>
<p>The <strong>total number of shares issued and outstanding </strong>as of December 31, 2017 was
   326,304,843 including 285,612,556 Class A shares, 40,692,286 Class B shares, and one Priority share and excluding
   3,751,911 Class A shares held in treasury and all Class C shares outstanding solely as a result of the conversion of
   Class B shares into Class A shares. All such Class C shares will be cancelled.</p>
<p>There were also employee share options outstanding to purchase up to an additional 2.7 million shares, at a weighted
   average exercise price of $26.68 per share, 1.0 million of which were fully vested; equity-settled share appreciation
   rights (SARs) for 0.2 million shares, at a weighted average measurement price of $32.10, all of which, excluding SARs
   for approximately 1,000 shares, were fully vested; and restricted share units (RSUs) covering 11.2 million shares, of
   which RSUs to acquire 2.4 million shares were fully vested. Equity awards in respect of business unit subsidiaries
   are described under Redeemable noncontrolling interests above.</p>
<p><em>Please note that historical information on revenues and adjusted EBITDA of our segments is provided in the
           supplementary slides accompanying our Q4 2017 earnings release, including quarterly data for the twelve
           quarters from Q1 2015 through Q4 2017 and annual data for the five years from 2013 through 2017.</em>
</p>
<h2>Financial outlook</h2>
<p>We expect our consolidated ruble-based revenue to grow in the range of 25% to 30% in the full year 2018 compared with
   2017. This outlook implies consolidation of Yandex.Taxi with Uber’s operations in Russia and neighboring countries
   starting from February 7, 2018, but excludes the effect of potential deconsolidation of Yandex.Market. <br>We expect
   our Search and Portal ruble-based revenue to grow in the range of 18% to 20% in the full year 2018 compared with
   2017.</p>
<p>This outlook reflects our current view, based on the trends that we see at this time, and may change in light of
   market and economic developments in the business sectors and jurisdictions in which we operate.</p>
<h2>Conference Call Information</h2>
<p>Yandex’s management will hold an earnings conference call on February 15, 2018 at 8:00 AM U.S. Eastern Time (4:00 PM
   Moscow time; 1:00 PM London time).</p>
<p>To access the conference call live, please dial:</p>
<p>US: +1 646 828 8193<br>UK/International: +44(0)330 336 9105<br>Russia: 8 800 500 9283<br>Passcode: 8775378</p>
<p>A replay of the call will be available until February 22, 2018. To access the replay, please dial:</p>
<p>US: +1 719 457 0820<br>UK/International: +44(0)207 660 0134<br>Russia: 810 800 2702 1012<br>Passcode: 8775378</p>
<p>A live and archived webcast of this conference call will be available at</p>
<p>
    <a href="https://www.globenewswire.com/Tracker?data=yFROyCpPSJzRSiN24SBv8sW24308llX7St-G1agv6DW1X_m1OObCIbah2opQiQC5DpXlog2380IN2tBrqtSqO0PxtSeoKuxc7XeICugF1rf4U83KYfXZCqe2KJRr-ZdDPIdXH4zN4K7Iv6MArRMYZw==" rel="nofollow" target="_blank" title="">https://edge.media-server.com/m6/p/33c2czgn</a>
</p>
<h2>ABOUT YANDEX</h2>
<p>Yandex (NASDAQ:YNDX) is a technology company that builds
   intelligent products and services powered by machine learning. Our goal is to help consumers and businesses better
   navigate the online and offline world. Since 1997, we have delivered world-class, locally relevant search and
   information services. Additionally, we have developed market-leading on-demand transportation services, navigation
   products, and other mobile applications for millions of consumers across the globe. Yandex, which has 17 offices
   worldwide, has been listed on the NASDAQ since 2011.<br>More information on Yandex can be found at
   https://yandex.com/company.</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and uncertainties. These include statements
   regarding our anticipated revenues for full-year 2018. Actual results may differ materially from the results
   predicted or implied by such statements, and our reported results should not be considered as an indication of future
   performance. The potential risks and uncertainties that could cause actual results to differ from the results
   predicted or implied by such statements include, among others, macroeconomic and geopolitical developments affecting
   the Russian economy, competitive pressures, changes in advertising patterns, changes in user preferences, changes in
   the political, legal and/or regulatory environment, technological developments, and our need to expend capital to
   accommodate the growth of the business, as well as those risks and uncertainties included under the captions «Risk
   Factors» and «Operating and Financial Review and Prospects» in our Annual Report on Form&nbsp;20-F for the year ended
   December&nbsp;31, 2016, which is on file with the U.S. Securities and Exchange Commission (SEC) and is available on
   our investor relations website at http://ir.yandex.com/sec.cfm and on the SEC website at www.sec.gov. All information
   in this release and in the attachments is as of February 15, 2018, and Yandex undertakes no duty to update this
   information unless required by law.</p>
<h2>USE OF NON-GAAP FINANCIAL MEASURES</h2>
<p>To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with
   U.S. GAAP, we present the following non-GAAP financial measures: ex-TAC revenues, adjusted EBITDA, adjusted EBITDA
   margin, adjusted ex-TAC EBITDA margin, adjusted net income, adjusted net income margin and adjusted ex-TAC net income
   margin. The presentation of these financial measures is not intended to be considered in isolation or as a substitute
   for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more
   information on these non-GAAP financial measures, please see the tables captioned «Reconciliations of non-GAAP
   financial measures to the nearest comparable U.S. GAAP measures», included following the accompanying financial
   tables. We define the various non-GAAP financial measures we use as follows:</p>
<ul>
    <li><strong>Ex-TAC revenues</strong> means U.S. GAAP revenues <u>less</u> total traffic acquisition
                                                          costs (TAC)
    </li>
    <li><strong>Adjusted EBITDA </strong>means U.S. GAAP net income <u>plus</u> (1)&nbsp;depreciation
                                                          and amortization, (2)&nbsp;SBC expense, (3)&nbsp;accrual of
                                                          expense related to the contingent compensation that may be
                                                          payable to employees in connection with certain business
                                                          combinations, (4) interest expense, (5) other loss/(income),
                                                          net, (6) operating losses resulting from sanctions in Ukraine
                                                          imposed in May 2017 and (7)&nbsp;provision for income taxes,
        <u>less</u> interest income
    </li>
    <li><strong>Adjusted EBITDA margin</strong> means adjusted EBITDA <u>divided</u> by U.S. GAAP
                                                                 revenues
    </li>
    <li><strong>Adjusted ex-TAC EBITDA margin</strong> means adjusted EBITDA <u>divided</u> by ex-TAC
                                                                        revenues
    </li>
    <li><strong>Adjusted net income</strong> means U.S. GAAP net income <u>plus</u> (1)&nbsp;SBC
                                                              expense adjusted for the income tax reduction attributable
                                                              to SBC expense, (2)&nbsp;accrual of expense related to the
                                                              contingent compensation that may be payable to certain
                                                              employees in connection with certain business
                                                              combinations, (3) foreign exchange losses adjusted for
                                                              reduction in income tax attributable to foreign exchange
                                                              losses, (4) amortization of debt discount related to our
                                                              convertible debt adjusted for the related reduction in
                                                              income tax and (5) losses resulting from sanctions in
                                                              Ukraine imposed in May 2017 <u>less</u> (gains)/losses
                                                              from repurchases of our convertible notes adjusted for the
                                                              related increase/(reduction) in income tax
    </li>
    <li><strong>Adjusted net income margin </strong>means adjusted net income <u>divided</u> by U.S.
                                                                     GAAP revenues
    </li>
    <li><strong>Adjusted ex-TAC net income margin </strong>means adjusted net income <u>divided</u> by
                                                                            ex-TAC revenues
    </li>
</ul>
<p>These non-GAAP financial measures are used by management for evaluating financial performance as well as
   decision-making. Management believes that these metrics reflect the organic, core operating performance of the
   company, and therefore are useful to analysts and investors in providing supplemental information that helps them
   understand, model and forecast the evolution of our operating business.</p>
<p>Although our management uses these non-GAAP financial measures for operational decision-making and considers these
   financial measures to be useful for analysts and investors, we recognize that there are a number of limitations
   related to such measures. In particular, it should be noted that several of these measures exclude some recurring
   costs, particularly share-based compensation. In addition, the components of the costs that we exclude in our
   calculation of the measures described above may differ from the components that our peer companies exclude when they
   report their results of operations.</p>
<p>Below we describe why we make particular adjustments to certain U.S. GAAP financial measures:</p>
<p><em>TAC</em></p>
<p>We believe that it may be useful for investors and analysts to review certain measures both in accordance with U.S.
   GAAP and net of the effect of TAC, which we view as comparable to sales commissions but, unlike sales commissions,
   are not deducted from U.S. GAAP revenues. By presenting revenue, adjusted EBITDA margin and adjusted net income
   margin net of TAC, we believe that investors and analysts are able to obtain a clearer picture of our business
   without the impact of the revenues we share with our partners.</p>
<p><em>SBC</em></p>
<p>SBC is a significant expense item, and an important part of our compensation and incentive programs. As it is a
   non-cash charge, however, and highly dependent on our share price at the time of equity award grants, we believe that
   it is useful for investors and analysts to see certain financial measures excluding the impact of these charges in
   order to obtain a clearer picture of our operating performance.</p>
<p><em>Acquisition-related costs</em></p>
<p>We may incur expenses in connection with acquisitions that are not indicative of our recurring core operating
   performance. In particular, we are required under U.S. GAAP to accrue as expense the contingent compensation that is
   payable to certain employees in connection with certain business combinations. We eliminate these acquisition-related
   expenses from adjusted EBITDA and adjusted net income to provide management and investors a tool for comparing on a
   period-to-period basis our operating performance in the ordinary course of operations.</p>
<p><em>Foreign exchange losses</em></p>
<p>Because we hold significant assets and liabilities in currencies other than our Russian ruble operating currency, and
   because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present
   adjusted net income and related margin measures excluding these effects, in order to provide greater clarity
   regarding our operating performance.</p>
<p><em>Amortization of debt discount</em></p>
<p>We also adjust net income for interest expense representing amortization of the debt discount related to our
   convertible notes issued in Q4 2013 and Q1 2014.We have eliminated this expense from adjusted net income as it is
   non-cash in nature and is not indicative of our ongoing operating performance.</p>
<p><em>Gains and losses from repurchases of convertible debt</em></p>
<p>Adjusted net income for 2017 also excludes a loss from the repurchase of $12.0 million in principal of our 1.125%
   convertible senior notes due 2018 for approximately $11.6 million. We have eliminated this loss from adjusted net
   income for the twelve months ended December 31, 2017 as it is not indicative of our ongoing operating
   performance.</p>
<p><em>Losses resulting from sanctions in Ukraine</em></p>
<p>Adjusted net income and adjusted EBITDA exclude losses and gains from write-off of assets and liabilities in our
   Ukrainian legal entities that we recorded in 2017. In May 2017, the government of Ukraine imposed sanctions on our
   Ukrainian operations. The sanctions resulted in the freezing of the assets held by our Ukrainian legal entities and
   restricting our services in Ukraine. We believe that it is useful to present adjusted net income and adjusted EBITDA
   measures excluding the one-off impact of these events, which are not related to our operating activities.</p>
<p>The tables at the end of this release provide detailed reconciliations of each non-GAAP financial measure we use to
   the most directly comparable U.S. GAAP financial measure.</p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed
                                                                                              Consolidated Balance
                                                                                              Sheets</strong>
    <br><br>
    <strong>(in millions of Russian rubles
                                                                                              and U.S. dollars, except share
                                                                                              and per share data)</strong>
</p>
<table>
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>As of</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>December&nbsp;31,</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2016*</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>ASSETS</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Current assets:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,232</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;42,662</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;740.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Term deposits</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;31,769</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;23,040</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;400.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in debt securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,033</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;7,741</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,929</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;172.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Prepaid expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,481</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,269</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;21.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other current assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,714
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,495
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;60.7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total current assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;74,970</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;80,395</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,395.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Property and equipment, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;18,817</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;21,171</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;367.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Intangible assets, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5,514</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5,023</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;87.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Goodwill</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;8,436</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,328</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;161.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Long-term prepaid expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,385</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,788</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;31.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Term deposits, non-current</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5,005</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;86.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in non-marketable equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,513</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,001</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;34.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred tax assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;662</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,171</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;37.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other non-current assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,811
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,301
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;57.3
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>TOTAL ASSETS</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;114,108</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;130,183</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;2,260.1</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>LIABILITIES AND SHAREHOLDERS’
                                                                    EQUITY</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Current liabilities:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts payable and accrued liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,532</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;10,750</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;186.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Taxes payable</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,963</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,213</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;73.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,127</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,464</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;42.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Convertible debt</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;-
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;17,834
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;309.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total current liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;14,622</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,261</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;612.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Convertible debt</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;18,750</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred tax liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,040</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;959</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;16.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other accrued liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,104
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,316
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;22.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,516</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;37,536</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;651.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Commitments and contingencies</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Redeemable noncontrolling interests</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,506</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,821</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;170.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Shareholders’ equity:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Priority share: €1.00 par value; 1 share authorized, issued and
                                                    outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Preference shares: €0.01 par value; 1,000,000,001 shares authorized,
                                                    nil shares issued and outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Ordinary shares: par value (Class A €0.01, Class B €0.10 and Class C
                                                    €0.09); shares authorized (Class A: 1,000,000,000, Class B:
                                                    46,997,887 and Class C: 46,997,887); shares issued (Class A:
                                                    285,019,019 and 289,364,467, Class B: 45,037,734 and 40,692,286, and
                                                    Class C: 560,235 and 4,166,448, respectively); shares outstanding
                                                    (Class A: 277,579,206 and 285,612,556, Class B: 45,037,734 and
                                                    40,692,286, and Class C: nil)
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;284</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;271</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Treasury shares at cost (Class A: 7,439,813 and 3,751,911,
                                                    respectively)
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(8,368</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3,814</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(66.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Additional paid-in capital</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;16,579</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;16,469</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;285.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accumulated other comprehensive income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;896</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,864</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;32.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Retained earnings</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;67,695
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;68,036
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,181.2
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total shareholders’ equity</td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;77,086
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;82,826
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,437.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY</strong>
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;114,108</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;130,183</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;2,260.1</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10">*&nbsp;<em>Derived from audited consolidated financial
                                                                            statements</em></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10">&nbsp;</td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed
                                                                                              Consolidated Statements of
                                                                                              Income</strong>
    <br><br>
    <strong>(in millions of Russian rubles
                                                                                              and U.S. dollars, except share
                                                                                              and per share data)</strong>
</p>
<table>
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>Three months ended December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Revenues</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">22,119</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">27,860</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">483.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Operating costs and expenses:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">5,636</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">6,797</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">118.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">4,303</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">5,201</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">90.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">6,435</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">8,022</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">139.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation and amortization</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            2,408
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            3,023
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            52.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total operating costs and expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            18,782
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            23,043
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            400.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Income from operations</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">3,337</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">4,817</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">83.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">609</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">780</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">13.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest expense</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(265</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(226</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other (loss)/income, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,154
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;26
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;0.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income before income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">2,527</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">5,397</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">93.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1,314
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1,897
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            32.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1,213
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            3,500
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            60.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net loss attributable to noncontrolling interests</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;15
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">26
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">0.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income attributable to Yandex N.V.</td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>1,228</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>3,526</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>61.2</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income per Class&nbsp;A and Class&nbsp;B share:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            3.81
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            10.82
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            0.19
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            3.76
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            10.61
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            0.18
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Weighted average number of Class A and Class B shares outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">322,036,640</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">326,011,908</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">326,011,908</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">327,013,212</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">332,463,799</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">332,463,799</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10">(1) These balances exclude depreciation and
                                                                 amortization expenses, which are presented separately,
                                                                 and include share-based compensation expenses of:
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;48</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;0.6</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">566</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">811</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">14.1</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">251</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">547</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">9.5</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed
                                                                                              Consolidated Statements of
                                                                                              Income</strong>
    <br><br>
    <strong>(in millions of Russian rubles
                                                                                              and U.S. dollars, except share
                                                                                              and per share data)</strong>
</p>
<table>
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>Twelve months ended December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2016*</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>$</strong>
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Revenues</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">75,925</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">94,054</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">1,632.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Operating costs and expenses:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">19,754</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">23,937</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">415.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">15,832</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">18,761</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">325.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">17,885</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">27,081</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">470.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation and amortization</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            9,607
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            11,239
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            195.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total operating costs and expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            63,078
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            81,018
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1,406.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Income from operations</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">12,847</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">13,036</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">226.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">2,863</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">2,909</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">50.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest expense</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,208</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(897</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(15.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other loss, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(3,395
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,466
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(25.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income before income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">11,107</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">13,582</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">235.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            4,324
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            4,926
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            85.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            6,783
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            8,656
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            150.3
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net loss attributable to noncontrolling interests</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;15
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">120
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">2.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income attributable to Yandex N.V.</td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>6,798</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>8,776</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>152.4</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income per Class&nbsp;A and Class&nbsp;B share:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            21.19
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            27.02
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            0.47
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            20.84
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            26.49
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            0.46
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Weighted average number of Class A and Class B shares outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">320,788,967</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">324,747,888</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">324,747,888</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">326,136,949</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">331,243,961</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">331,243,961</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="11">(1) These balances exclude depreciation and
                                                                 amortization expenses, which are presented separately,
                                                                 and include share-based compensation expenses of:
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;Cost of revenues</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;193</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;178</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3.1&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;Product development</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,238</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,477</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43.0&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;Sales, general and administrative</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;991</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,538</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;26.7&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="11">*&nbsp;<em>Derived from audited consolidated financial
                                                                            statements</em></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="11">&nbsp;</td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed
                                                                                              Consolidated Statements of
                                                                                              Cash Flows</strong>
    <br><br>
    <strong>(in millions of Russian rubles
                                                                                              and U.S. dollars)</strong>
</p>
<table>
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>Three months ended December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2016*</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,213</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,500</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;60.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Adjustments to reconcile net income to net cash provided by
                                                    operating activities:
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation of property and equipment</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,913</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,534</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;44.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of intangible assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;495</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;489</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;8.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of debt discount and issuance costs</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;201</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;173</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Share-based compensation expense</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;865</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,394</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;24.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(673</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(584</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(10.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Foreign exchange losses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,163</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;243</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Gain from sale of equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(33</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(0.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;107</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(226</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Changes in operating assets and liabilities excluding the effect of
                                                    acquisitions:
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,513</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,505</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(26.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Prepaid expenses and other assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(546</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(253</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(4.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts payable and accrued liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,798</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,632</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;306
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;227
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash provided by operating activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;5,329</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;7,591</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;131.8</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS (USED IN)/PROVIDED BY INVESTING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Purchases of property and equipment and intangible assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,923</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,563</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(44.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of property and equipment</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;19</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;0.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Acquisitions of businesses, net of cash acquired</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(554</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(9.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in non-marketable equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(130</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(78</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;51</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;0.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in debt securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,253</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in term deposits</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(33,034</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Maturities of term deposits</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;12,632</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;14,863</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;258.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Loans granted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(277
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(61
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash (used in)/provided by investing activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(24,966</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;11,701</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;203.1</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN FINANCING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from exercise of share options</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;100</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;18</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;0.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchase of equity awards</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(77</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchases of convertible debt</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3,318</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Payment for contingent consideration</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(87</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other financing activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;114
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in financing activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(3,191</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(60</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(1.0</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Effect of exchange rate changes on cash and cash balances</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(671
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(162
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net change in cash and cash balances</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(23,499</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;19,070</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;331.0</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;52,309</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;24,161</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;419.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43,231</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;750.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>Reconciliation of cash and cash
                                                                    balances:</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;51,695</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;23,591</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;409.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;614</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;570</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;52,309</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;24,161</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;419.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,232</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;42,662</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;740.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;578</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;569</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43,231</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;750.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10"><em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10"><em>* In Q1 2017, Yandex elected to early adopt
                                                                         Accounting Standards Update ("ASU") No.
                                                                         2016-18—Statement of Cash Flows (Topic 230):
                                                                         Restricted Cash, which provided revised
                                                                         guidance on the classification and presentation
                                                                         of restricted cash in the statement of cash
                                                                         flows on a retrospective basis. Prior periods
                                                                         have been adjusted accordingly.</em></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10">&nbsp;</td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed
                                                                                              Consolidated Statements of
                                                                                              Cash Flows</strong>
    <br><br>
    <strong>(in millions of Russian rubles
                                                                                              and U.S. dollars)</strong>
</p>
<table>
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>Twelve months ended December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2016* **</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017</strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;6,783</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;8,656</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;150.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Adjustments to reconcile net income to net cash provided by
                                                    operating activities:
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation of property and equipment</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;7,655</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,131</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;158.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of intangible assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,952</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,108</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of debt discount and issuance costs</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;911</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;684</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;11.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Share-based compensation expense</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,422</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,193</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;72.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(864</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,513</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(26.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Foreign exchange losses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,834</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,784</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;31.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Gain from sale of equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(157</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(33</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(0.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">(Gains)/losses from repurchases of convertible debt</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(53</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;0.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(40</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(266</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(4.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Changes in operating assets and liabilities excluding the effect of
                                                    acquisitions:
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,385</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,179</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(37.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Prepaid expenses and other assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;113</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,680</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(29.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts payable and accrued liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,817</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,560</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;44.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;298
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;321
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash provided by operating activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;25,286</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;23,772</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;412.7</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN INVESTING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Purchases of property and equipment and intangible assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(9,625</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(12,389</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(215.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of property and equipment</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;177</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;73</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Acquisitions of businesses, net of cash acquired</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(918</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(15.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in non-marketable equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(491</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(191</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;267</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in debt securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3,159</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from maturity of debt securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,525</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,887</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;50.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in term deposits</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(70,430</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(70,082</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,216.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Maturities of term deposits</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;68,447</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;72,731</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,262.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Loans granted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(550
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(166
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in investing activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(13,106</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(7,788</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(135.2</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN FINANCING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from exercise of share options</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;431</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;328</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchase of&nbsp;equity awards</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(77</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchases of convertible debt</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(5,397</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(668</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(11.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Payment for contingent consideration</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(680</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(195</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other financing activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;97
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;25
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;0.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in financing activities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(5,549</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(587</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(10.2</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Effect of exchange rate changes on cash and cash balances</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(3,449
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(976
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(17.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net change in cash and cash balances</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;3,182</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;14,421</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;250.3</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;25,628</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;500.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43,231</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;750.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>Reconciliation of cash and cash
                                                                    balances:</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;24,238</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,232</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;490.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,390</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;578</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;10.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, beginning of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;25,628</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;500.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,232</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;42,662</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;740.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;578</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;569</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, end of period</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43,231</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;750.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10"><em>* In Q1 2017, Yandex elected to early adopt
                                                                     Accounting Standards Update ("ASU") No.
                                                                     2016-18—Statement of Cash Flows (Topic 230):
                                                                     Restricted Cash, which provided revised guidance on
                                                                     the classification and presentation of restricted
                                                                     cash in the statement of cash flows on a
                                                                     retrospective basis. Prior periods have been
                                                                     adjusted accordingly.</em>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10">**&nbsp;<em>Derived from audited consolidated financial
                                                                             statements</em>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="10">&nbsp;</td>
    </tr>
</tbody>
</table>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES</strong><br><strong>TO
                                                                                                                          THE
                                                                                                                          NEAREST
                                                                                                                          COMPARABLE
                                                                                                                          U.S.
                                                                                                                          GAAP
                                                                                                                          MEASURES</strong>
    <br><br>
    <strong>Reconciliation of Ex-TAC
                                                                                             Revenues to U.S. GAAP
                                                                                             Revenues</strong>
</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended December&nbsp;31,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2016</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            22,119
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            27,860
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            75,925
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            94,054
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>24%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>traffic acquisition costs (TAC)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,274
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,789
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            14,950
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            17,345
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>16%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Ex-TAC revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            17,845
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            23,071
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            60,975
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            76,709
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>Reconciliation
                                                                                                                     of
                                                                                                                     Adjusted
                                                                                                                     EBITDA
                                                                                                                     to U.S.
                                                                                                                     GAAP
                                                                                                                     Net
                                                                                                                     Income</strong>
</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended December&nbsp;31,&nbsp;</strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,213
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,500
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>189%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,783
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,656
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>depreciation and amortization
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,408
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,023
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,607
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;11,239
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>share-based compensation expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;865
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,394
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>61%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,422
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,193
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>compensation expense related to contingent consideration
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;91
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;42
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-54%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;245
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;203
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-17%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less:</em> interest income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(609)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(780)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2,863)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2,909)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>2%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>interest expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;265
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;226
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-15%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,208
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;897
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-26%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> other loss/(income), net
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,154
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(26)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,395
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,466
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-57%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> provision for income taxes
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,314
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,897
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>44%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,324
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,926
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>14%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> operating losses resulting from sanctions in Ukraine
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;17
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;404
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,701
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,293
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;26,121
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29,075
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11%</em></td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>Reconciliation
                                                                                                                     of
                                                                                                                     Adjusted
                                                                                                                     Net
                                                                                                                     Income
                                                                                                                     to U.S.
                                                                                                                     GAAP
                                                                                                                     Net
                                                                                                                     Income</strong>
</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended December&nbsp;31,&nbsp;</strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Twelve months ended December&nbsp;31,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2016</strong>&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong>&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income
        </td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,213
        </td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,500
        </td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>189%</em></td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,783
        </td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,656
        </td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> SBC expense
        </td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;865
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,394
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>61%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,422
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,193
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>reduction in income tax attributable to SBC expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(16)
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(36)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(62)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>72%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>compensation expense related to contingent consideration
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;91
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;42
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-54%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;245
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;203
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-17%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> foreign exchange losses
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,163
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;243
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-79%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,834
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,784
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-53%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less:</em> reduction in income tax attributable to foreign exchange losses
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(234)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(44)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-81%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(775)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(326)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-58%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>(gains)/losses from repurchases of convertible debt
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(53)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> increase/(reduction) in income tax attributable to (gains)/losses from repurchases of
                                   convertible debt
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;13
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>amortization of debt discount
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;201
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;173
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-14%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;911
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;684
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-25%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>reduction in income tax attributable to amortization of debt discount
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(50)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(43)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-14%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(228)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(171)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-25%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add</em>: losses resulting from sanctions in Ukraine
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;393
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,249
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,249
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>62%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;14,116
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;15,359
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>9%</em></td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>Reconciliation of Adjusted
                                                                                             EBITDA Margin and Adjusted
                                                                                             Ex-TAC EBITDA Margin to U.S.
                                                                                             GAAP Net Income Margin</strong>
</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions </em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="6">
            <strong>&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>U.S.<br>GAAP<br>Actual<br>Net<br>Income</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Net<br>Income<br>Margin<br>(1)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjustment<br>(2)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br>EBITDA</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br>EBITDA<br>Margin<br>(3)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br>Ex-TAC<br>EBITDA<br>Margin (4)</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Three months ended December&nbsp;31,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,500
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            12.6%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,793
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,293
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            33.4%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            40.3%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Twelve months ended December&nbsp;31,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,656
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            9.2%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;20,419
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29,075
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            30.9%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            37.9%
        </td>
    </tr>
</tbody>
</table>
<p>_______________</p>
<p>
    (1) Net income margin is defined as net income divided by total revenues.
    <br>
    (2) Adjusted to eliminate depreciation and
                                                                                                            amortization expense, SBC expense, expense
                                                                                                            related to contingent compensation, interest
                                                                                                            income, interest expense, other
                                                                                                            loss/(income), net, operating losses
                                                                                                            resulting from sanctions in Ukraine and
                                                                                                            provision for income taxes. For a
                                                                                                            reconciliation of adjusted EBITDA to net
                                                                                                            income, please see the table above.
    <br>
    (3) Adjusted EBITDA margin is defined as
                                                                                                            adjusted EBITDA divided by total revenues.
    <br>
    (4) Adjusted ex-TAC EBITDA margin is defined as
                                                                                                            adjusted EBITDA divided by ex-TAC revenues.
                                                                                                            For a reconciliation of ex-TAC revenues to
                                                                                                            U.S. GAAP revenues, please see the table
                                                                                                            above.
<p/>
<p><br></p>
<p class="text-align-center">
    <strong>Reconciliation of Adjusted Net
                                                                                             Income Margin and Adjusted
                                                                                             Ex-TAC Net Income Margin to
                                                                                             U.S. GAAP Net Income
                                                                                             Margin</strong>
</p>
<table class="gnw_table_yandex">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions </em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="6">
            <strong>&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>U.S.<br>GAAP<br>Actual<br>Net<br>Income</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Net<br>Income<br>Margin<br>(1)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjustment<br>(2)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br>Net<br>Income</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br>Net<br>Income<br>Margin<br>(3)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br>Ex-TAC<br>Net<br>Income<br>Margin (4)</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Three months ended December&nbsp;31,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,500
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            12.6%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,749
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,249
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            18.8%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            22.8%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Twelve months ended December&nbsp;31,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,656
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            9.2%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,703
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;15,359
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            16.3%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            20.0%
        </td>
    </tr>
</tbody>
</table>
<p>_______________</p>
<p>
    (1) Net income margin is defined as net income
                                                                                                            divided by total revenues.
    <br>
    (2) Adjusted to eliminate SBC expense (as
                                                                                                            adjusted for the income tax reduction
                                                                                                            attributable to SBC expense), expense
                                                                                                            related to contingent compensation, foreign
                                                                                                            exchange losses as adjusted for the
                                                                                                            reduction in income tax attributable to the
                                                                                                            losses, (gains)/losses from repurchases of
                                                                                                            convertible debt (as adjusted for the
                                                                                                            related increase/(reduction) in income tax),
                                                                                                            amortization of debt discount (as adjusted
                                                                                                            for the related reduction in income tax) and
                                                                                                            losses resulting from sanctions in Ukraine.
                                                                                                            For a reconciliation of adjusted net income
                                                                                                            to net income, please see the table above.
    <br>
    (3) Adjusted net income margin is defined as
                                                                                                            adjusted net income divided by total
                                                                                                            revenues.
    <br>
    (4) Adjusted ex-TAC net income margin is defined
                                                                                                            as adjusted net income divided by ex-TAC
                                                                                                            revenues. For a reconciliation of ex-TAC
                                                                                                            revenues to U.S. GAAP revenues, please see
                                                                                                            the table above.
</p>
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