<p align="left">MOSCOW, Russia and AMSTERDAM, the Netherlands, July 28, 2017 (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 second quarter ended June 30, 2017.<br></p>
<p><strong><strong><u>Q2 2017 Financial Highlights(1)(2)</u></strong></strong></p>
<ul>
    <li><strong><strong>Revenues </strong></strong>of RUB 22.1 billion ($374.1
                                                   million), up 23% compared with Q2
                                                   2016
    </li>
    <li><strong><strong>Net income</strong></strong> of RUB&nbsp;3.5 billion ($59.0
                                                     million), up 69% compared with
                                                     Q2 2016;<strong><strong> net
                                                                              income
                                                                              margin </strong></strong>of
                                                     15.8%<br></li>
    <li><strong><strong>Adjusted net income</strong></strong> of RUB&nbsp;4.0
                                                              billion ($67.5
                                                              million), up 2%
                                                              compared with Q2 2016;
        <strong><strong>adjusted net income margin </strong></strong>of 18.1%
    </li>
    <li><strong><strong>Adjusted EBITDA </strong></strong>of RUB 7.2 billion ($122.1
                                                          million), up 7% compared
                                                          with Q2 2016;
        <strong><strong>adjusted EBITDA margin </strong></strong>of 32.6%
    </li>
    <li><strong><strong>Cash, cash equivalents, term deposits and short-term
                        investments in debt securities </strong></strong>of RUB 66.2
                                                                         billion
                                                                         ($1,120.0
                                                                         million) as
                                                                         of June 30,
                                                                         2017
    </li>
</ul>
<p><strong><strong><u>Q2 2017 Operational and Corporate
                      Highlights</u></strong></strong></p>
<ul>
    <li><strong><strong>Share of Russian search market</strong></strong>, including
                                                                        mobile,
                                                                        averaged
                                                                        54.3% in Q2
                                                                        2017,
                                                                        compared
                                                                        with 54.7%
                                                                        in Q1 2017
                                                                        (according
                                                                        to
                                                                        Yandex.Radar,
                                                                        a search
                                                                        traffic and
                                                                        browser
                                                                        usage
                                                                        analytics
                                                                        tool based
                                                                        on
                                                                        Yandex.Metrica
                                                                        data)<br>
    </li>
    <li><strong><strong>Search queries</strong></strong> in Russia grew 5% compared
                                                         with Q2 2016<br></li>
    <li><strong><strong>Paid clicks</strong></strong> on Yandex’s and its partners’
                                                      websites, in aggregate,
                                                      increased 10% compared with Q2
                                                      2016<br></li>
    <li>Average <strong><strong>cost per click</strong></strong> grew 9% compared
        with Q2 2016<br></li>
    <li><strong><strong>Yandex.Taxi number of rides </strong></strong>grew 425%
                                                                      year-on-year
                                                                      compared with
                                                                      Q2 2016
    </li>
</ul>
<p><strong><strong><u>Q2 2017 Subsequent Events</u></strong></strong></p>
<ul>
    <li>Yandex and Uber announced an&nbsp;agreement to combine their ridesharing
        businesses in Russia and five neighboring countries<br></li>
    <li>Yandex launched Yandex.Radar, a search traffic and browser usage analytics
        tool based on Yandex.Metrica data
    </li>
</ul>
<p>“Our team delivered another strong quarter,” said Arkady Volozh, Chief Executive
   Officer of Yandex. “Our agreement with Uber to combine ridesharing operations in
   Russia and five neighboring countries demonstrates the potential of our business
   units to accelerate innovation and create substantial shareholder value.”</p>
<p>“We delivered solid results across all business segments in Q2, and I was pleased
   to see strong growth and profitability in our core business,” said Alexander
   Shulgin, Chief Operating Officer of Yandex. “We expect continued investments in
   Taxi, e-Commerce, Classifieds, and other new initiatives to drive further
   growth.”</p>
<p>The following table provides a summary of our key <strong><strong>consolidated
                                                                     financial
                                                                     results</strong></strong>
   for the three and six months ended June 30, 2016 and 2017:</p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended
                            June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
    </tr>
    <tr>
        <td
                class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_border_left_solid hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom gnw_border_right_solid hugin">
            <em><em>Change</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            Revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            18,040
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            22,104
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            34,513
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            42,756
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>24%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            Ex-TAC revenues<sup>2</sup></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,486
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            17,888
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            27,569
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            34,605
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>26%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            Income from operations
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,517
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,997
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-15%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,957
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,372
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            Adjusted EBITDA<sup>2</sup></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,762
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            7,213
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            12,532
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,087
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            Net income
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,058
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,484
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>69%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,127
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            4,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>38%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            Adjusted net income<sup>2</sup></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,906
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,990
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>2%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            7,074
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            7,739
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>9%</em></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 59.0855 to $1.00,
   the official exchange rate quoted as of June 30, 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><strong>Consolidated revenues breakdown</strong></strong></p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,</strong></strong><strong><strong><br></strong></strong>
        </td>
    </tr>
    <tr>
        <td
                class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td
                class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Online advertising revenues:
        </td>

        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>


        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_label_i10 gnw_border_left_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>Yandex properties</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            12,562
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            15,531
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>24%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            23,966
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            29,887
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_label_i10 gnw_border_left_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>Advertising network</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            4,740
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,403
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>14%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            9,168
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            10,562
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>15%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total online advertising revenues
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            17,302
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            20,934
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            33,134
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            40,449
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Other
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            738
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            1,170
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>59%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            1,379
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,307
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>67%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total revenues
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            18,040
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            22,104
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            34,513
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            42,756
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>24%</em></em></td>
    </tr>
</tbody>
</table>
<p><strong><strong>Online advertising revenues</strong></strong> grew 21% in Q2 2017
                                                                 compared with Q2
                                                                 2016 and continued
                                                                 to determine
                                                                 overall top-line
                                                                 performance,
                                                                 contributing 95% 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><strong>Online advertising revenues from Yandex
                   properties</strong></strong> increased 24% in Q2 2017 compared
                                                with Q2 2016 and accounted for 70%
                                                of total revenues.</p>
<p><strong><strong>Online advertising revenues from our advertising network</strong></strong>
    increased 14% in Q2 2017 compared with Q2 2016 and contributed 24% of total
    revenues.</p>
<p><strong><strong>Other revenues</strong></strong> grew 59% in Q2 2017 compared
                                                    with Q2 2016, and were mainly
                                                    driven by growth in Yandex.Taxi
                                                    revenues.</p>
<p><strong><strong>Segment revenues</strong></strong></p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            <strong><em><strong><em>In RUB
                                    millions</em></strong></em></strong><strong><em><strong><em><br></em></strong></em></strong>
        </td>
        <td
                class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended
                            June&nbsp;30,</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong><strong><em><strong><em><br></em></strong></em></strong>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
<td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Revenues:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Search and Portal
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            16,532
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20,135
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            31,679
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            38,791
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            E-commerce
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,069
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,168
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>9%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,112
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,463
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Taxi
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            528
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            772
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>46%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            973
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,550
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>59%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Classifieds
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            313
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            462
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>48%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            554
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            833
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>50%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Experiments
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            153
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            344
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>125%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            338
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            670
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>98%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Eliminations
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (555)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (777)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>40%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,143)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,551)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>36%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin" colspan="5">
            Total revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,040
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22,104
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            34,513
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            42,756
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>24%</em></em></td>
    </tr>
</tbody>
</table>
<p><em><em>Search and Portal segment includes all our services offered in Russia,
           Belarus and Kazakhstan </em>(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><em>, other than those
                                                               described below;</em></em><br><em><em>E-commerce
                                                                                                     segment
                                                                                                     includes
                                                                                                     our
                                                                                                     Yandex.Market
                                                                                                     service;</em></em><br><em><em>Taxi
                                                                                                                                   segment
                                                                                                                                   consists
                                                                                                                                   of
                                                                                                                                   our
                                                                                                                                   Yandex.Taxi
                                                                                                                                   service;</em></em><br><em><em>Classifieds
                                                                                                                                                                 segment
                                                                                                                                                                 includes
                                                                                                                                                                 Auto.ru,
                                                                                                                                                                 Yandex.Realty,
                                                                                                                                                                 Yandex.Jobs
                                                                                                                                                                 and
                                                                                                                                                                 Yandex.Travel;</em></em><br><em><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></em><br><em><em>Eliminations
                                                                                                                                                                                                                                  represent
                                                                                                                                                                                                                                  the
                                                                                                                                                                                                                                  elimination
                                                                                                                                                                                                                                  of
                                                                                                                                                                                                                                  transactions
                                                                                                                                                                                                                                  between
                                                                                                                                                                                                                                  the
                                                                                                                                                                                                                                  reportable
                                                                                                                                                                                                                                  segments,
                                                                                                                                                                                                                                  primarily
                                                                                                                                                                                                                                  related
                                                                                                                                                                                                                                  to
                                                                                                                                                                                                                                  advertising.</em></em>
</p>
<p><strong><strong>Consolidated Operating Costs and Expenses</strong></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 Q2 2017
   Yandex's headcount increased by 32 full-time employees. The total number of
   full-time employees was 6,517 as of June 30, 2017, unchanged compared with March
   31, 2017, and up 17% from June 30, 2016.</p>
<p><strong><strong>Cost of revenues, including traffic acquisition costs
                   (TAC)</strong></strong></p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td
                class="gnw_border_right_solid gnw_border_top_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td
                class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
<td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td
                class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            TAC:
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Related to the Yandex advertising network
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,641
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,148
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,136
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,044
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>18%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Related to distribution partners
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            913
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,068
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,808
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,107
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total TAC
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,554
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,216
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,944
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,151
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Total TAC as a % of total revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19.7%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19.1%</em></em></td>


        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20.1%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19.1%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Other cost of revenues
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,142
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,531
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>34%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,256
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,944
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>30%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Other cost of revenues as a % of revenues&nbsp;</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.3%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.9%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.5%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.9%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total cost of revenues
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,696
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,747
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,200
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,095
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Total cost of revenues as a % of revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>26.0%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>26.0%</em></em></td>


        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>26.7%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25.9%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin" colspan="2">
            <em><em>&nbsp;</em></em></td>
    </tr>
</tbody>
</table>
<p>TAC grew 19% in Q2 2017 compared with Q2 2016 and represented 19.1% of total
   revenues, 60 basis points lower than in Q2 2016 and flat compared with Q1 2017.
   The decrease of partner TAC as a percent of revenues from the Yandex advertising
   network was due to changes in partner revenue mix.</p>
<p><strong><strong>Other cost of revenues</strong></strong> in Q2 2017 increased 34%
                                                            compared with Q2 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.</p>
<p><strong><strong>Product development</strong></strong></p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
<td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Product development
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,794
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,473
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>18%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,671
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,991
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>As a % of revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21.1%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20.2%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22.2%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21.0%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>Growth in product development expenses in Q2 2017 primarily reflects salary
   increases and new hires in 2016 and in early 2017.</p>
<p><strong><strong>Sales, general and administrative (SG&amp;A)</strong></strong>
</p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2016</strong></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Sales, general and administrative&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,717
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,064
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>63%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,975
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,012
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>58%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>As a % of revenues</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20.6%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>27.4%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20.2%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25.8%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>
    </tr>
</tbody>
</table>
<p>SG&amp;A expenses grew faster than revenue, increasing by 63% in Q2 2017 compared
   to Q2 2016 as we continued to invest in advertising and marketing to support our
   business units, primarily Taxi.</p>
<p><strong><strong>Share-based compensation (SBC) expense</strong></strong></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 gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30, &nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>


        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>


        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            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 hugin">
            46
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            64
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>39%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            95
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            106
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            SBC expense included in product development&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            545
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            542
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-1%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,140
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,118
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-2%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            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 hugin">
            290
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            359
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>24%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            537
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            699
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>30%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total SBC expense
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            881
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            965
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>10%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,772
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,923
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>9%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>As a % of revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.9%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.4%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>5.1%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.5%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>Total SBC expense increased 10% in Q2 2017 compared with Q2 2016. The increase is
   primarily related to new equity-based grants made in 2016-2017.</p>
<p><strong><strong>D</strong></strong><strong><strong>epreciation and amortization
                                                      (D&amp;A)
                                                      expense</strong></strong></p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>


        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>


        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Depreciation and amortization
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,316
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,823
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,710
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,286
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>As a % of revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12.8%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12.8%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>13.6%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12.4%</em></em></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>
    </tr>
</tbody>
</table>
<p>D&amp;A expense increased 22% in Q2 2017 compared with Q2 2016, primarily
   reflecting investments in servers and data centers made in 2016 and 2017, and was
   partially offset by the currency translation effect related to the D&amp;A
   expense of our data center in Finland, which is denominated in euros.</p>
<p><strong><strong>Income from operations</strong></strong></p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Income from operations
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,517
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,997
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-15%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,957
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,372
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7%</em></em></td>
    </tr>
</tbody>
</table>
<p>Income from operations decreased 15% in Q2 2017 compared with Q2 2016, due to an
   increase in our advertising and marketing costs related to business units,
   primarily Taxi.</p>
<p><strong><strong>Adjusted EBITDA</strong></strong></p>
<p>Consolidated adjusted EBITDA</p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>

        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>

        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Adjusted EBITDA
        </td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,762
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            7,213
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            12,532
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,087
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
    </tr>
</tbody>
</table>
<p>Adjusted EBITDA increased 7% in Q2 2017 compared with Q2 2016.</p>
<p>Adjusted EBITDA by segments</p>
<table class="gnw_table_yandex gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_right_solid hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>


        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>


        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Adjusted EBITDA:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong><strong><strong><br></strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_border_bottom_solid hugin">&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></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 hugin">
            Search and Portal
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,927
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,098
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>31%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12,838
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17,071
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>33%</em></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 hugin">
            E-commerce
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            325
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            445
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>37%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            705
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,005
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>43%</em></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 hugin">
            Taxi
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (153)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,966)
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em><em><em><br></em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (153)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3,211)
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></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 hugin">
            Classifieds
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (17)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-174%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (13)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-176%</em></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 hugin">
            Experiments
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (360)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (347)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-4%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (875)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (765)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-13%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total adjusted EBITDA
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,762
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,213
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12,532
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,087
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
    </tr>
</tbody>
</table>
<p>Adjusted EBITDA of Taxi was negative RUB 1,966 million in Q2 2017, compared with
   negative RUB 1,245 million in Q1 2017, and was mainly related to an increase in
   our advertising and marketing costs, primarily driven by expansion to the new
   cities, introduction of minimum fare guarantees to drivers in Q3 2016 as well as
   discounts and coupons to our users.</p>
<p><strong><strong>Interest income</strong></strong>&nbsp;in Q2 2017 was RUB 688
                                                    million, down from RUB 735
                                                    million in Q2 2016.</p>
<p><strong><strong>Interest expense</strong></strong> in Q2 2017 was RUB 217
                                                      million, down from RUB 298
                                                      million in Q2 2016.</p>
<p><strong><strong>Foreign exchange gain </strong></strong>in Q2 2017 was RUB 1,273
                                                           million, compared with a
                                                           foreign exchange loss of
                                                           RUB 958 million in Q2
                                                           2016. This gain reflects
                                                           the depreciation of the
                                                           Russian ruble during Q2
                                                           2017 from RUB 56.3779 to
                                                           $1.00 on March 31, 2017,
                                                           to RUB 59.0855 to $1.00
                                                           on June 30, 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 gain,
                                                           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 an
                                                           upward revaluation of the
                                                           ruble equivalent of these
                                                           U.S. dollar-denominated
                                                           monetary assets and
                                                           liabilities in Q2 2017.
</p>
<p><strong><strong>Income tax expense </strong></strong>for Q2 2017 was RUB 1,373
                                                        million, up from RUB 1,054
                                                        million in Q2 2016. Our
                                                        effective tax rate of 28.3%
                                                        in Q2 2017 was higher than
                                                        in Q2 2016, primarily due to
                                                        provision of certain
                                                        reserves resulting from
                                                        sanctions in Ukraine, partly
                                                        offset by the effects of
                                                        certain provisions reversed
                                                        in Q2 2017 related to the
                                                        results of prior years’ tax
                                                        audits. Adjusted for these
                                                        effects and SBC expense, our
                                                        effective tax rate for Q2
                                                        2017 was 23.1%, compared
                                                        with 23.4% for full year
                                                        2016 as adjusted for SBC
                                                        expense and similar
                                                        provisions in that year.</p>
<p><strong><strong>Net income</strong></strong> was RUB 3.5 billion ($59.0 million)
                                                in Q2 2017, up 69% compared with Q2
                                                2016, mainly due to foreign exchange
                                                gain in Q2 2017.</p>
<p><strong><strong>Adjusted net income </strong></strong>in Q2 2017 was RUB 4.0
                                                         billion ($67.5 million), a
                                                         2% increase from Q2 2016.
</p>
<p><strong><strong>Adjusted net income margin</strong></strong> was 18.1% in Q2
                                                                2017, compared with
                                                                21.7% in Q2 2016.
</p>
<p>As of June 30, 2017, Yandex had<strong><strong> cash, cash equivalents, term
                                                   deposits and short-term
                                                   investments in debt
                                                   securities </strong></strong>of
   RUB 66.2 billion ($1,120.0 million).</p>
<p><strong><strong>Net cash flow provided by operating activities </strong></strong>for
                                                                                    Q2
                                                                                    2017
                                                                                    was
                                                                                    RUB
                                                                                    7.2
                                                                                    billion
                                                                                    ($121.4
                                                                                    million)
                                                                                    and<strong><strong>
        capital expenditures </strong></strong>were RUB 3.9 billion ($65.4 million).
</p>
<p>During Q2 2017, we repurchased $4.0 million in principal of our <strong><strong>1.125%
                                                                                   convertible
                                                                                   senior
                                                                                   notes</strong></strong>
   due 2018 for approximately $3.9 million.</p>
<p><strong><strong>Redeemable noncontrolling interests</strong></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><strong>total number of shares issued and
                       outstanding </strong></strong>as of June 30, 2017 was
   325,021,108 including 280,167,373 Class A shares, 44,853,734 Class B shares, and
   one Priority share and excluding 5,035,646 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 1.3 million shares, at a weighted average exercise price of $5.30 per
   share, all of which were fully vested; equity-settled share appreciation rights
   (SARs) for 0.2 million shares, at a weighted average measurement price of $31.95,
   all of which, excluding SARs for approximately 1,000 shares, were fully vested;
   and restricted share units (RSUs) covering 9.8 million shares, of which RSUs to
   acquire 2.0 million shares were fully vested. Equity awards in respect of
   business unit subsidiaries are described under Redeemable noncontrolling
   interests above.</p>
<p><em><em>Please note that historical information on revenues and adjusted EBITDA
           of our segments is provided in the supplementary slides accompanying our
           Q2 2017 earnings release, including quarterly data for the ten quarters
           from Q1 2015 through Q2 2017 and annual data for the four years from 2013
           through 2016.</em></em></p>
<p><strong><strong><u>Financial outlook</u></strong></strong></p>
<p>Based on the solid first half of the year, we currently expect our ruble-based
   revenue to grow in the range of 18% to 21% for the full year 2017. <br>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>
<p><strong><strong><u>Conference Call Information</u></strong></strong></p>
<p>Yandex’s management will hold an earnings conference call on July 28, 2017 at
   8:00 AM U.S. Eastern Time (3:00 PM Moscow time; 1:00 PM London time).</p>
<p>To access the conference call live, please dial:</p>
<p>US: +1 877 280 2296<br>UK/International: +44 20 3427 1904<br>Russia: 8 800 500
   9311<br>Passcode: 1461276#</p>
<p>A replay of the call will be available until Aug 3, 2017. To access the replay,
   please dial:</p>
<p>US: +1 866 932 5017<br>UK/International: +44 20 3427 0598<br>Russia: 810 800 2870
   1012<br>Passcode: 1461276#</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=4fWvSRXSTApeiNieZ0M4yPM-8-HsTDRbq0KuW_3to1ErTlRRtRdYvYX1ecCfJQSGmJlXCiWUvwvP0p82zmAansPZRfRNf4FFGPFo7-GA6kEKqm4dOJ33NshVMXDfelX2bK-Kga1zx_kxp3IJWZGU3A==" rel="nofollow" target="_blank" title="">https://edge.media-server.com/m6/p/j28o33g4</a>&nbsp;
</p>
<p><strong><strong><u>ABOUT YANDEX</u></strong></strong></p>
<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
    <a href="https://www.globenewswire.com/Tracker?data=4fWvSRXSTApeiNieZ0M4yOeFP4f3LzOHyGXST-sxwbqvLttpd9W0hqehQTnfhaGs3qGZPKuyDc-Vzdat_L3XgQ1I4l8VvBRk_Eb8yQcDnU8=" rel="nofollow" target="_blank" title="">https://yandex.com/company</a>.&nbsp;
</p>
<p><strong><strong><u>FORWARD-LOOKING STATEMENTS</u></strong></strong></p>
<p>This press release contains forward-looking statements that involve risks and
   uncertainties. These include statements regarding our anticipated revenues for
   full-year 2017. 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
    <a href="https://www.globenewswire.com/Tracker?data=upMMUpatMiwXAHVTA9YkIC_7jfmPmuFJk3piaPPOSnzYKmgYD8Ewt7LsjmeQK1zaC8LNVHf4VNwHRs5EMb-EwT4yKLweXTwZWX1ICkMbkTI=" rel="nofollow" target="_blank" title="">http://ir.yandex.com/sec.cfm</a>&nbsp;and
   on the SEC website at
    <a href="https://www.globenewswire.com/Tracker?data=tR4_kKVzj8TphelHi_QGOK8qaE-wmO8X3jdfoK6gqG68k5wDGZwAYeixpmNx98eszUj22sjpKuRZTDuyWOskew==" rel="nofollow" target="_blank" title="www.sec.gov">www.sec.gov</a>.
   All information in this release and in the attachments is as of July 28, 2017,
   and Yandex undertakes no duty to update this information unless required by law.
</p>
<p><strong><strong><u>USE OF NON-GAAP FINANCIAL MEASURES</u></strong></strong></p>
<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><strong>Ex-TAC revenues</strong></strong> means U.S. GAAP revenues
        <u>less</u> total traffic acquisition costs (TAC)<br></li>
    <li><strong><strong>Adjusted EBITDA </strong></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/(gain), 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<br></li>
    <li><strong><strong>Adjusted EBITDA margin</strong></strong> means adjusted
                                                                 EBITDA
        <u>divided</u> by U.S. GAAP revenues<br></li>
    <li><strong><strong>Adjusted ex-TAC EBITDA margin</strong></strong> means
                                                                        adjusted
                                                                        EBITDA <u>divided</u>
                                                                        by ex-TAC
                                                                        revenues<br>
    </li>
    <li><strong><strong>Adjusted net income</strong></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/gains adjusted
                                                              for reduction/increase
                                                              in income tax
                                                              attributable to the
                                                              foreign exchange
                                                              losses/gains, (4)
                                                              gains/losses from
                                                              repurchases of our
                                                              convertible notes
                                                              adjusted for the
                                                              related
                                                              increase/reduction&nbsp;in
                                                              income tax, (5)
                                                              amortization of debt
                                                              discount related to
                                                              our convertible debt
                                                              adjusted for the
                                                              related reduction in
                                                              income tax and (6)
                                                              losses resulting from
                                                              sanctions in Ukraine
                                                              imposed in May
                                                              2017<br></li>
    <li><strong><strong>Adjusted net income margin </strong></strong>means adjusted
                                                                     net income <u>divided</u>
                                                                     by U.S. GAAP
                                                                     revenues<br>
    </li>
    <li><strong><strong>Adjusted ex-TAC net income margin </strong></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><em>TAC</em></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><em>SBC</em></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><em>Acquisition-related costs</em></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><em>Foreign exchange gains and losses</em></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><em>Amortization of debt discount</em></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><em>Gains and losses from repurchases of convertible debt</em></em></p>
<p>Adjusted net income is also adjusted for a loss from the repurchase of $4.0
   million in principal of our 1.125% convertible senior notes due 2018 for
   approximately $3.9 million that we recorded in Q2 2017. We have eliminated this
   loss from adjusted net income as it is not indicative of our ongoing operating
   performance.</p>
<p><em><em>Losses resulting from sanctions in Ukraine</em></em></p>
<p>We also adjusted our net income and EBITDA for losses and gains from write-off of
   assets and liabilities in our Ukrainian legal entities. 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><br></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 class="gnw_table_yandex_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="8">
            <strong><strong>As of</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>December&nbsp;31,</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>June&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>June&nbsp;30,&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>2016*</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>ASSETS</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Current assets:</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash equivalents</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            28,232
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,606
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            247.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Term deposits</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            31,769
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            45,255
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            765.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Investments in debt securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,033
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,182
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20.0
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,741
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,784
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            131.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Prepaid expenses</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,481
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,558
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            26.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other current assets</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,714
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,998
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            50.7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Total current assets</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            74,970
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            73,383
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,242.0
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Property and equipment, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,817
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22,355
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            378.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Intangible assets, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,514
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,549
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            93.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Goodwill</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,436
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,689
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            147.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Long-term prepaid expenses</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,385
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,488
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            25.0
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Term deposits, non-current</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,135
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            86.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Investments in non-marketable
                                                    equity securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,513
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,741
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            29.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred tax assets</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            662
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,173
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other non-current assets</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,811
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,163
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            53.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>TOTAL
                                                                    ASSETS</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;114,108</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;122,676</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;2,076.2</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>LIABILITIES AND
                                                                    SHAREHOLDERS’
                                                                    EQUITY</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Current liabilities:</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accounts payable and accrued
                                                    liabilities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,532
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10,840
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            183.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Taxes payable</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,963
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,774
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            63.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,127
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,150
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            36.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Total current liabilities</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,622
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            16,764
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            283.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Convertible debt</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,750
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17,947
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            303.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred tax liabilities</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,040
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,224
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other accrued liabilities</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,104
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,127
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Total liabilities</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            35,516
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            37,062
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            627.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Commitments and contingencies
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Redeemable noncontrolling
                                                    interests
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,506
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,970
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            84.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Shareholders’ equity:</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Priority share: €1.00 par value;
                                                    1 share authorized, issued and
                                                    outstanding
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            —
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            —
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            —
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Preference shares: €0.01 par
                                                    value; 1,000,000,001 shares
                                                    authorized, nil <br>shares
                                                    issued and outstanding
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            —
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            —
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            —
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Ordinary shares: par value
                                                    (Class A €0.01, Class B €0.10
                                                    and Class C <br>€0.09); shares
                                                    authorized (Class A:
                                                    1,000,000,000, Class B:
                                                    46,997,887 and <br>Class C:
                                                    46,997,887); shares issued
                                                    (Class A: 285,019,019 and <br>285,203,019,
                                                    Class B: 45,037,734 and
                                                    44,853,734, and Class C: 560,235
                                                    and <br>744,235, respectively);
                                                    shares outstanding (Class A:
                                                    277,579,206 and 280,167,373,
            <br>Class B: 45,037,734 and 44,853,734, and Class C: nil)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            284
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            284
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Treasury shares at cost (Class
                                                    A: 7,439,813 and 5,035,646,
                                                    respectively)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (8,368
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (5,174
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (87.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Additional paid-in capital</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            16,579
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15,489
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            262.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accumulated other comprehensive
                                                    income
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            896
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,511
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            25.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Retained earnings</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            67,695
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            68,534
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,159.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Total shareholders’ equity</td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            77,086
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            80,644
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,364.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>TOTAL
                                                                    LIABILITIES AND
                                                                    SHAREHOLDERS’
                                                                    EQUITY</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;114,108</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;122,676</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;2,076.2</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td colspan="10">&nbsp;</td>
    </tr>
    <tr>
        <td colspan="10">
            *&nbsp;<em><em>Derived from audited consolidated financial statements</em></em>
        </td>
    </tr>
</tbody>
</table>
<p><em><em><br></em></em></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong><strong>Unaudited</strong>
                                                    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 class="gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="8">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Revenues</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,040
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22,104
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            374.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Operating costs and expenses:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cost of revenues(1)</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,696
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,747
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            97.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Product development(1)</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,794
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,473
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            75.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Sales, general and
                                                    administrative(1)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,717
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,064
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            102.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Depreciation and amortization
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,316
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,823
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            47.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i10 gnw_vertical_align_bottom hugin">Total operating
                                                                  costs and expenses
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,523
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19,107
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            323.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Income from operations</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,517
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,997
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            50.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Interest income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            735
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            688
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Interest expense</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (298
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (217
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other (loss)/income, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (842
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,389
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i10 gnw_vertical_align_bottom hugin">Net income before
                                                                  income taxes
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,112
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,857
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            82.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,054
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,373
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23.2
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,058
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,484
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            59.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net loss attributable to
                                                    noncontrolling interests
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            30
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income attributable to
                                                    Yandex N.V.
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>2,058</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>3,514</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>59.5</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income per Class&nbsp;A and
                                                    Class&nbsp;B share:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Basic</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6.42
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.83
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.18
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Diluted</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6.30
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.65
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.18
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Weighted average number of Class
                                                    A and Class B shares outstanding
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Basic</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            320,323,089
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            324,355,605
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            324,355,605
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Diluted</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            326,836,136
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            330,036,917
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            330,036,917
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<table class="gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" colspan="4">(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 hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cost of revenues</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin"
            style="width: 90px;">46
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" style="width: 90px;">64</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" style="width: 90px;">1.1</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Product development</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">545</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">542</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">9.2</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Sales, general and
                                                    administrative
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">290</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">359</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">6.0</td>
    </tr>
</tbody>
</table>
<p><em><em><br></em></em></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong><br><br><strong><strong>Unaudited</strong>
                                                    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 class="gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="8">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2016</strong></strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>$</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Revenues</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            34,513
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            42,756
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            723.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Operating costs and expenses:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cost of revenues(1)</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,200
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,095
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            187.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Product development(1)</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,671
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,991
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            152.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Sales, general and
                                                    administrative(1)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,975
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,012
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            186.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Depreciation and amortization
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,710
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,286
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            89.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_label_i10 gnw_vertical_align_bottom hugin">Total operating
                                                                  costs and expenses
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            28,556
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            36,384
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            615.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Income from operations</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,957
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,372
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            107.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Interest income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,608
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,397
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Interest expense</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(648
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(445
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(7.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other loss, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(2,023
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(866
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(14.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income before income taxes
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,894
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,458
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            109.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,767
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,155
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            36.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,127
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            72.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net loss attributable to
                                                    noncontrolling interests
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            46
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income attributable to
                                                    Yandex N.V.
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>3,127</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>4,349</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>73.6</strong></strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income per Class&nbsp;A and
                                                    Class&nbsp;B share:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Basic</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9.78
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            13.43
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.23
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Diluted</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9.59
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            13.20
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.22
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Weighted average number of Class
                                                    A and Class B shares outstanding
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Basic</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            319,878,504
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            323,803,590
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            323,803,590
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Diluted</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            326,019,560
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            329,455,881
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            329,455,881
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom hugin">&nbsp;
        </td>
    </tr>
</tbody>
</table>
<table class="gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" colspan="7">(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 hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cost of revenues</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" style="width:
         85px;">95
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" style="width:
                                                     85px;">106</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" style="width:
                                                     85px;">1.8</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Product development</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">1,140</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">1,118</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">18.9</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Sales, general and
                                                    administrative
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">537</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">699</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">11.8</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 class="gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="8">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>2016*</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">CASH FLOWS PROVIDED BY OPERATING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,058
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,484
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            59.0
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Adjustments to reconcile net
                                                    income to net cash provided by
                                                    operating activities:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Depreciation of property and
                                                    equipment
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,847
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,205
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            37.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Amortization of intangible
                                                    assets
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            469
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            618
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Amortization of debt discount
                                                    and issuance costs
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            225
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            165
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Share-based compensation
                                                    expense
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            881
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            965
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            16.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (98
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (249
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (4.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Foreign exchange
                                                    losses/(gains)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            958
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,273
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (21.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Losses from repurchases of
                                                    convertible debt
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (112
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (39
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (0.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Changes in operating assets and
                                                    liabilities excluding the effect
                                                    of acquisitions:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (87
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (172
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Prepaid expenses and other
                                                    assets
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            525
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (72
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accounts payable and accrued
                                                    liabilities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,377
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,384
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            100
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            152
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash provided by operating
                                                    activities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;8,143</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;7,171</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;121.4</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">CASH FLOWS USED IN INVESTING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Purchases of property and
                                                    equipment and intangible assets
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,486
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3,864
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (65.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from sale of property
                                                    and equipment
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            43
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Acquisitions of businesses, net
                                                    of cash acquired
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (364
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (6.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Investments in non-marketable
                                                    equity securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (22
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (69
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from maturity of debt
                                                    securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,702
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            28.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Investments in term deposits
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (12,157
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (18,224
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (308.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Maturities of term deposits</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,310
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,122
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            137.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Loans granted</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (50
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (41
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (0.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash used in investing
                                                    activities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(6,362</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(12,724</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(215.3</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">CASH FLOWS PROVIDED BY/(USED IN)
                                                    FINANCING ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from exercise of share
                                                    options
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            164
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            167
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Repurchases of convertible
                                                    debt
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (220
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other financing activities</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            -
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (63
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash provided by/(used in)
                                                    financing activities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;164</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(116</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(2.0</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Effect of exchange rate changes
                                                    on cash and cash balances
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (719
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            345
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net change in cash and cash
                                                    balances
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;1,226</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(5,324</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(90.1</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances at
                                                    beginning of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            28,907
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20,524
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            347.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances at end of
                                                    period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            30,133
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15,200
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            257.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>Reconciliation
                                                                    of cash and cash
                                                                    balances:</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash equivalents,
                                                    beginning of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            28,075
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19,983
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            338.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Restricted cash, beginning of
                                                    period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            832
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            541
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances,
                                                    beginning of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            28,907
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20,524
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            347.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash equivalents, end
                                                    of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            29,506
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,606
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            247.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Restricted cash, end of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            627
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            594
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances, end of
                                                    period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            30,133
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15,200
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            257.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td colspan="10">&nbsp;</td>
    </tr>
    <tr>
        <td colspan="10"><em><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></em>
        </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 class="gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="8">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2016</strong></strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong>&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin" colspan="2">
            <strong><strong>2017</strong></strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">CASH FLOWS PROVIDED BY OPERATING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,127
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4,303
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;72.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Adjustments to reconcile net
                                                    income to net cash provided by
                                                    operating activities:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Depreciation of property and
                                                    equipment
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,770
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4,170
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;70.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Amortization of intangible
                                                    assets
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;940
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,116
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;18.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Amortization of debt discount
                                                    and issuance costs
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;487
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;338
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;5.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Share-based compensation
                                                    expense
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,772
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,923
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;32.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(214
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(232
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(3.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Foreign exchange losses</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,239
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;932
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;15.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">(Gains)/losses from repurchases
                                                    of convertible debt
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(53
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;0.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(148
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;38
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;0.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Changes in operating assets and
                                                    liabilities excluding the effect
                                                    of acquisitions:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(203
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(28
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(0.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Prepaid expenses and other
                                                    assets
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,042
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(999
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(16.9
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Accounts payable and accrued
                                                    liabilities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,046
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,336
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;22.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(37
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;12
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;0.2
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash provided by operating
                                                    activities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;13,768</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;12,915</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;218.6</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">CASH FLOWS USED IN INVESTING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Purchases of property and
                                                    equipment and intangible assets
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(3,941
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(7,729
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(130.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from sale of property
                                                    and equipment
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;65
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;20
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;0.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Acquisitions of businesses, net
                                                    of cash acquired
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(364
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(6.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Investments in non-marketable
                                                    equity securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(242
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(103
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from sale of equity
                                                    securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;216
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3.7
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from maturity of debt
                                                    securities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,702
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;28.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Investments in term deposits
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(33,842
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(58,482
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(989.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Maturities of term deposits</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;32,979
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;39,560
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;669.5
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Loans granted</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(106
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(39
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(0.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash used in investing
                                                    activities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(5,087</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(25,219</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(426.8</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">CASH FLOWS USED IN FINANCING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Proceeds from exercise of share
                                                    options
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;210
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;258
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Repurchases of convertible
                                                    debt
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1,490
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(668
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(11.4
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Payment for contingent
                                                    consideration
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(593
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(195
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(3.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Other financing activities</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;10
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;0.2
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash used in financing
                                                    activities
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(1,873</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(595</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(10.1</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Effect of exchange rate changes
                                                    on cash and cash balances
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(2,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(711
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(12.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            )
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net change in cash and cash
                                                    balances
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;4,505</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(13,610</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(230.3</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances at
                                                    beginning of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;25,628
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;28,810
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;487.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances at end of
                                                    period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;30,133
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;15,200
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;257.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin"><strong><strong>Reconciliation
                                                                    of cash and cash
                                                                    balances:</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash equivalents,
                                                    beginning of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;24,238
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;28,232
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;477.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Restricted cash, beginning of
                                                    period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,390
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;578
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;9.8
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances,
                                                    beginning of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;25,628
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;28,810
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;487.6
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash equivalents, end
                                                    of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;29,506
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;14,606
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;247.2
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Restricted cash, end of period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;627
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;594
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;10.1
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cash and cash balances, end of
                                                    period
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;30,133
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;15,200
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;257.3
        </td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" colspan="10">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" 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>
</tbody>
</table>
<p><br></p>
<p class="text-align-center"><strong>YANDEX 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 gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Total revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            18,040
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            22,104
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            34,513
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            42,756
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>24%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Less: </em></em>traffic acquisition costs (TAC)&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,554
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            4,216
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,944
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            8,151
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Ex-TAC revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,486
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            17,888
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            27,569
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            34,605
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>26%</em></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 gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Net income
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,058
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,484
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>69%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,127
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4,303
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>38%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>depreciation and amortization
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,316
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,823
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4,710
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;5,286
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>share-based compensation expense
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;881
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;965
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>10%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,772
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,923
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>9%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>compensation expense related to contingent
                                   consideration
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;48
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;41
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-15%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;93
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;119
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>28%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Less:</em></em> interest income
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(735)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(688)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-6%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1,608)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1,397)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-13%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>interest expense
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;298
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;217
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-27%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;648
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;445
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-31%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>other loss/(gain), net
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;842
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1,389)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,023
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;866
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-57%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add:</em></em> provision for income taxes
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,054
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,373
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>30%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,767
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,155
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add:</em></em> operating losses resulting from sanctions in
                                   Ukraine
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;387
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;387
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin" colspan="2">
            <em><em>n/m</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Adjusted EBITDA
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;6,762
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;7,213
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;12,532
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;14,087
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></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 gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions</em></strong></em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Three months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="3">
            <strong><strong>Six months ended June&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>&nbsp;</em></strong></em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2016</strong></strong></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2017</strong></strong></td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Net income
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,058
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,484
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>69%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,127
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4,303
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>38%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add:</em></em> SBC expense
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;881
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;965
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>10%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,772
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;1,923
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>9%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Less: </em></em>reduction in income tax attributable <br>to SBC
                                    expense
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(10)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(16)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>60%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(24)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(28)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>compensation expense related to <br>contingent
                                   consideration
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;48
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;41
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-15%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;93
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;119
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>28%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add:</em></em> foreign exchange losses/(gains)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;958
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1,273)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;2,239
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;932
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-58%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Less:</em></em> (decrease)/increase in income tax <br>attributable
                                    to foreign exchange (losses)/gains
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(198)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;270
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(458)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(161)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-65%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>(gains)/losses&nbsp;from repurchases of
                                   convertible debt
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(53)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;6
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-111%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Less:</em></em>&nbsp;increase/(reduction)&nbsp;in income tax
            attributable to (losses)/gains from repurchases of convertible
                                   debt
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;13
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(1)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-108%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add: </em></em>amortization of debt discount
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;225
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;165
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-27%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;487
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;338
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-31%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Less: </em></em>reduction in income tax <br>attributable to
                                    amortization of debt discount
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(56)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(42)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-25%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(122)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;(85)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-30%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <em><em>Add</em></em>: losses resulting from sanctions in Ukraine
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;393
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;-
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;393
        </td>

        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>n/m</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Adjusted net income
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,906
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,990
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>2%</em></em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;7,074
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;7,739
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>9%</em></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 gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions </em></strong></em></strong>
        </td>
        <td
                class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="6">
            <strong><strong>&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>U.S. <br>GAAP <br>Actual <br>Net
                <br>Income</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Net <br>Income <br>Margin <br>(1)</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjustment <br>(2)</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjusted <br>EBITDA</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjusted <br>EBITDA <br>Margin <br>(3)</strong></strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjusted <br>Ex-TAC <br>EBITDA <br>Margin
                            (4)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Three months ended June&nbsp;30,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,484
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15.8%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,729
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            7,213
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            32.6%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            40.3%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Six months ended June&nbsp;30,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            4,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.1%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            9,784
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,087
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            32.9%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            40.7%
        </td>
    </tr>
</tbody>
</table>
<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/(gain),
                                                                                                         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 gnw_table_border_collapse">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            <strong><em><strong><em>In RUB millions </em></strong></em></strong>
        </td>
        <td
                class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="6">
            <strong><strong>&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>U.S. <br>GAAP <br>Actual <br>Net
                <br>Income</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Net <br>Income <br>Margin <br>(1)</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjustment <br>(2)</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjusted <br>Net <br>Income</strong></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>Adjusted <br>Net <br>Income <br>Margin <br>(3)</strong></strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin" colspan="2">
            <strong><strong>Adjusted <br>Ex-TAC <br>Net <br>Income <br>Margin
                            (4)</strong></strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Three months ended June&nbsp;30,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,484
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15.8%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;506
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,990
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18.1%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22.3%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Six months ended June&nbsp;30,&nbsp;2017
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;4,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.1%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;3,436
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;7,739
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18.1%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22.4%
        </td>
    </tr>
</tbody>
</table>
<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/(gains)
                                                                                                         as adjusted for the
                                                                                                         reduction/increase
                                                                                                         in income tax attributable
                                                                                                         to the
                                                                                                         losses/(gains),
                                                                                                         (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>
<br>
<p>
    <strong>Contacts:</strong><br><br>

    Investor Relations<br>
    Katya Zhukova <br>
    Phone: +7 495 974-35-38<br>
    E-mail:&nbsp;askIR@yandex-team.ru<br><br>

    Media Relations<br>
    Ochir Mandzhikov, Asya Melkumova<br>
    Phone: +7 495 739-70-00<br>
    E-mail: pr@yandex-team.ru
</p>
