<p align="left">MOSCOW, Russia and AMSTERDAM, the Netherlands, Oct. 27, 2016 (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 third quarter ended September 30, 2016.<br></p>
<h2>Q3 2016 Financial Highlights(1)(2)</h2>
<ul type="disc">
    <li><strong><strong>Revenues </strong></strong>of RUB 19.3 billion ($305.5 million),
                                                   up 25% compared with Q3 2015
    </li>
    <li><strong><strong>Adjusted EBITDA </strong></strong>of RUB 6.9 billion ($109.1
                                                          million), up 14% compared with
                                                          Q3 2015; <strong><strong>adjusted
                                                                                   EBITDA
                                                                                   margin </strong></strong>of
                                                          35.7%
    </li>
    <li><strong><strong>Adjusted net income</strong></strong> of RUB&nbsp;3.8 billion
                                                              ($60.1 million), up 8%
                                                              compared with Q3 2015;
        <strong><strong>adjusted net income margin </strong></strong>of 19.7%
    </li>
    <li><strong><strong>Cash, cash equivalents, term deposits and short-term investments
                        in debt securities </strong></strong>of RUB 66.2 billion
                                                             ($1,048.9 million) as of
                                                             September 30, 2016
    </li>
</ul>
<h2>Q3 2016 Operational and Corporate Highlights</h2>
<ul type="disc">
    <li><strong><strong>Share of Russian search market</strong></strong>, including
                                                                        mobile, averaged
                                                                        55.9% in Q3 2016
                                                                        compared to
                                                                        57.0% in Q2 2016
                                                                        (according to
                                                                        LiveInternet)
    </li>
    <li><strong><strong>Search queries</strong></strong> in Russia grew 5% compared with
                                                         Q3 2015
    </li>
    <li><strong><strong>Yandex.Taxi </strong></strong>introduced lower tariffs and
                                                      rolled out surge pricing in Moscow
    </li>
    <li>Yandex announced <strong><strong>termination of agreement to acquire its Moscow
                                         headquarters</strong></strong></li>
</ul>
<p>“Revenue and EBITDA continued to grow strongly in Q3, boosted by innovation on our
   advertising platform,” said Arkady Volozh, Chief Executive Officer of Yandex. “We see
   new opportunities in our geolocation services to drive revenues from our maps and
   navigation products.”</p>
<p>“In Q3 we delivered 25% top line revenue growth and 36% adjusted EBITDA margins while
   deploying significant investments to our fast-growing business units,” said Alexander
   Shulgin, Chief Operating Officer of Yandex.&nbsp; “We are moving aggressively to
   expand Taxi’s leading market position and, following encouraging market tests, are
   accelerating Market’s transition to a CPA model.”</p>
<p>The following table provides a summary of our key <strong><strong>consolidated
                                                                     financial
                                                                     results</strong></strong>&nbsp;
   for the three months and nine months ended September 30, 2015 and 2016:</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 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
                            September&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>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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">
            <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>2015</strong></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">
            <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">
            Revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            15,439&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            19,293&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            41,698&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            53,806&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>29%</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<em><sup><em>2</em></sup></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            12,157&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            15,561&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>28%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            32,677&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            43,130&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>32%</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 &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,183&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,553&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,865&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            9,510&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>39%</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<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,021&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,888&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>14%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,409&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            19,420&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>35%</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_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            4,278&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,443&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-43%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,828&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,570&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            Adjusted net income<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,507&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,793&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>8%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            8,547&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            10,867&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>27%</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 63.1581 to $1.00, the
   official exchange rate quoted as of September 30, 2016 by the Central Bank of the
   Russian Federation.<br></p>
<p>(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.<br></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
                            September&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>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom hugin">
            <strong><strong>2015</strong></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">
            <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>2015</strong></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">
            <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_right_solid 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>
        <td class="gnw_border_right_solid 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>
        <td class="gnw_border_right_solid 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_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i25 hugin">
            <em><em>Yandex websites</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            11,137&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            13,435&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            30,216&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            37,401&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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 gnw_label_i25 hugin">
            <em><em>Advertising network</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,931&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,005&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>27%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            10,476&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,173&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>35%</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 &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            15,068&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            18,440&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>22%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            40,692&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            51,574&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>27%</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_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            371&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            853&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>130%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            1,006&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,232&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>122%</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">
            15,439&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            19,293&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            41,698&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            53,806&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>29%</em></em></td>
    </tr>
</tbody>
</table>
<p><strong><strong>Online advertising revenues</strong></strong> grew 22% compared with
                                                                 Q3 2015 and continued
                                                                 to determine overall
                                                                 top-line performance,
                                                                 contributing 96% of
                                                                 total revenues in Q3
                                                                 2016. Online
                                                                 advertising revenues
                                                                 include revenues
                                                                 derived from text-based
                                                                 and display advertising
                                                                 on Yandex websites and
                                                                 in our ad network.</p>
<p><strong><strong>Online advertising revenues from Yandex websites</strong></strong>
    increased 21% compared with Q3 2015 and accounted for 70% of total revenues during
    Q3 2016.</p>
<p><strong><strong>Online advertising revenues from our ad network</strong></strong>
    increased 27% compared with Q3 2015 and contributed 26% of total revenues during Q3
    2016, 50 basis points higher than in Q3 2015.</p>
<p><strong><strong>Other revenues</strong></strong> grew 130% compared with Q3 2015, and
                                                    were mainly driven by growth in
                                                    Yandex.Taxi revenues.</p>
<p><strong><strong>Paid clicks</strong></strong> on Yandex’s and its partners’ websites,
                                                 in aggregate, increased 12% compared
                                                 with Q3 2015.</p>
<p>Our average <strong><strong>cost per click</strong></strong> grew 10% compared with
   Q3 2015.</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_right_solid gnw_border_left_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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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">
            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_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Search and Portal &nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,505
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17,482
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            39,232
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            49,161
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            E-commerce
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            827
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,200
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>45%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,228
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,312
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>49%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Taxi
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            234
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            587
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>151%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            589
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,560
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>165%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Classifieds
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            243
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            352
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>45%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            633
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            906
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>43%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Experiments
        </td>

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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            210
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>98%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            299
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            548
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>83%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Eliminations
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (476)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (538)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>13%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,283)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,681)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            Total Revenues
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15,439
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19,293
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            41,698
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            53,806
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>29%</em></em></td>
    </tr>
</tbody>
</table>
<p><em><em>Search and Portal segment includes all our services offered in Russia,
           Ukraine, Belarus and Kazakhstan, 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
                                                                     includes 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.Radio,
                                                                                                                                       Yandex.Tickets,
                                                                                                                                       Yandex.Afisha
                                                                                                                                       and
                                                                                                                                       Yandex
                                                                                                                                       TV
                                                                                                                                       program),
                                                                                                                                       Yandex
                                                                                                                                       Data
                                                                                                                                       Factory,
                                                                                                                                       Discovery
                                                                                                                                       services
                                                                                                                                       (including
                                                                                                                                       Yandex
                                                                                                                                       Zen
                                                                                                                                       and
                                                                                                                                       Yandex
                                                                                                                                       Launcher)
                                                                                                                                       and
                                                                                                                                       Search
                                                                                                                                       and
                                                                                                                                       Portal
                                                                                                                                       in
                                                                                                                                       Turkey.</em></em><br><em><em>Eliminations
                                                                                                                                                                    represent
                                                                                                                                                                    the
                                                                                                                                                                    elimination
                                                                                                                                                                    of
                                                                                                                                                                    transaction
                                                                                                                                                                    results
                                                                                                                                                                    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 Q3 2016, Yandex hired
   350 full-time employees. The total number of full-time employees was 5,909 as of
   September 30, 2016, an increase of 6% from June 30, 2016, and up 9% from September
   30, 2015.</p>
<p><strong><strong>Costs 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_top_solid gnw_border_right_solid gnw_border_left_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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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_right_solid 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">
            <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">
            Related to the Yandex ad network
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,333
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,778
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,312
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,914
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            949
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            954
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,709
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,762
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            Total TAC
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,282
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,732
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,021
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10,676
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            <em><em>Total TAC as a % of total revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21.3%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19.3%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21.6%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>19.8%</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>
    <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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,036
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,186
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,992
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,442
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            <em><em>Other cost of revenues as a % of revenues &nbsp;</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.7%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.1%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>7.2%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>6.4%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,318
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,918
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12,013
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,118
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            <em><em>Total cost of revenues as a % of revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>28.0%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25.5%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom hugin">
            <em><em>&nbsp;</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>28.8%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>26.2%</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>TAC grew 14% compared with Q3 2015 and represented 19.3% of total revenues in Q3
   2016, 200 basis points lower than in Q3 2015 and 40 basis points lower than in Q2
   2016. The slowdown in the growth of partner TAC was mostly due to changes in partner
   revenue mix.</p>
<p><strong><strong>Other cost of revenues</strong></strong> in Q3 2016 increased 14%
                                                            compared with Q3 2015.</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 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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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 &nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,168
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,858
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,815
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,529
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20.5%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20.0%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23.5%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21.4%</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 costs in Q3 2016 primarily reflects salary increases in
   early 2016 and new hires.</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 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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,618
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,475
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>71%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,489
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,450
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>53%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>17.0%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>23.2%</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>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>18.0%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>21.3%</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 costs grew faster than revenue, increasing by 71% in Q3 2016 compared to Q3
   2015 as a result of growth in advertising and marketing expenses which were aimed at
   supporting our core products, including search and Yandex.Browser, as well as our
   business units, including Taxi, E-Commerce and Classifieds.</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 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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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">
            SBC expense included in cost of revenues
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            50
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            125
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            145
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>16%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            457
        </td>


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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>16%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,231
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,672
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>36%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            173
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            203
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            469
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            740
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            Total SBC expense
        </td>

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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            785
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,825
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,557
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>40%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.3%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.1%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.4%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4.8%</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 17% in Q3 2016 compared with Q3 2015. The increase is
   primarily related to new equity-based grants made in 2015-2016.</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 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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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">
            Depreciation and amortization
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,152
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,489
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>16%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,516
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,199
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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>As a % of revenues</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>13.9%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>12.9%</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>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>13.2%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>13.4%</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 16% in Q3 2016 compared with Q3 2015 and primarily
   reflected investments in servers and data centers made in 2015 and 2016.</p>
<p>As a result of the factors described above,<strong><strong> income from
                                                               operations</strong></strong>
   was RUB 3.6 billion ($56.3 million) in Q3 2016, a 12% increase from Q3 2015, while
   adjusted EBITDA reached RUB 6.9 billion ($109.1 million) in Q3 2016, up 14% from Q3
   2015.</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 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
                            September&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>Nine months ended September&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>2015</strong></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">
            <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>2015</strong></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">
            <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 &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,021&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,888&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>14%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            14,409&nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            19,420&nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>35%</em></em></td>
    </tr>
</tbody>
</table>
<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_right_solid gnw_border_left_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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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">
            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></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_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Search and Portal
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,041
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,484
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none 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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20,322
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>40%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            E-commerce
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            436
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            386
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-11%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,240
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,091
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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 gnw_label_i10 hugin">
            Taxi
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            44
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (633)
        </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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            181
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (786)
        </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 gnw_label_i10 hugin">
            Classifieds
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            83
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            26
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            160
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            43
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-73%</em></em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i10 hugin">
            Experiments
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (583)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (375)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-36%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,695)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,250)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-26%</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 &nbsp;
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,021
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,888
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,409
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19,420
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>35%</em></em></td>
    </tr>
</tbody>
</table>
<p><strong><strong>Interest income, net</strong></strong> in Q3 2016 was RUB 351
                                                          million, down from RUB 415
                                                          million in Q3 2015.</p>
<p><strong><strong>Foreign exchange loss</strong></strong> in Q3 2016 was RUB 432
                                                           million, compared with a
                                                           foreign exchange gain of RUB
                                                           1,947 million in Q3 2015.
                                                           This loss reflects the
                                                           appreciation of the Russian
                                                           ruble during Q3 2016 from RUB
                                                           64.2575 to $1.00 on June 30,
                                                           2016, to RUB 63.1581 to $1.00
                                                           on September 30, 2016.
                                                           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 Other
                                                           income/(loss), net line in
                                                           the condensed consolidated
                                                           statements of income.
                                                           Although the U.S. dollar
                                                           value of Yandex's U.S.
                                                           dollar-denominated assets and
                                                           liabilities was not impacted
                                                           by these currency
                                                           fluctuations, they resulted
                                                           in a downward revaluation of
                                                           the ruble equivalent of these
                                                           U.S. dollar-denominated
                                                           monetary assets and
                                                           liabilities in Q3 2016.</p>
<p><strong><strong>Income tax expense </strong></strong>for Q3 2016 was RUB 1,243
                                                        million, down from RUB 1,396
                                                        million in Q3 2015. Our
                                                        effective tax rate of 33.7% in
                                                        Q3 2016 was higher than in Q3
                                                        2015. Adjusted for SBC expense,
                                                        our effective tax rate for Q3
                                                        2016 was 27.8%, compared to
                                                        22.7% in 2015 as adjusted for
                                                        SBC expense and one-off effects
                                                        in 2015. The increase in the
                                                        adjusted effective tax rate was
                                                        primarily driven by additional
                                                        provisions we have taken in Q3
                                                        2016 related to certain past tax
                                                        audits.</p>
<p><strong><strong>Net income</strong></strong> was RUB 2.4 billion ($38.7 million) in
                                                Q3 2016, down 43% compared with Q3 2015,
                                                mainly due to foreign exchange loss and
                                                an increase in SG&amp;A, which grew
                                                faster than total revenue.</p>
<p><strong><strong>Adjusted net income </strong></strong>in Q3 2016 was RUB 3.8 billion
                                                         ($60.1 million), a 8% increase
                                                         from Q3 2015.</p>
<p><strong><strong>Adjusted net income margin</strong></strong> was 19.7% in Q3 2016,
                                                                compared with 22.7% in
                                                                Q3 2015.</p>
<p>As of September 30, 2016, Yandex had<strong><strong> cash, cash equivalents, term
                                                        deposits and short-term
                                                        investments in debt
                                                        securities </strong></strong>of
   RUB 66.2 billion ($1,048.9 million).</p>
<p><strong><strong>Net operating cash flow </strong></strong>for Q3 2016 was RUB 6.2
                                                             billion ($98.1 million) and<strong><strong>
        capital expenditures</strong></strong> were RUB 2.8 billion ($43.7 million),
                                                             respectively.</p>
<p>During Q3 2016, we repurchased $4.6 million in principal of our <strong><strong>1.125%
                                                                                   convertible
                                                                                   senior
                                                                                   notes</strong></strong>
   due 2018 for approximately $4.5 million.</p>
<p><strong><strong>Redeemable noncontrolling interests</strong></strong> presented in
                                                                         our
                                                                         consolidated
                                                                         balance sheets
                                                                         relate to the
                                                                         equity
                                                                         incentive
                                                                         program to the
                                                                         employees of
                                                                         the E-Commerce,
                                                                         Taxi and
                                                                         Classifieds
                                                                         segments.</p>
<p>The <strong><strong>total number of shares issued and outstanding </strong></strong>as
   of September 30, 2016 was 321,798,510 including 276,248,540 Class A shares,
   45,549,969 Class B shares, and one Priority share and excluding 8,258,244 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. There were also employee share options outstanding to purchase up to an
   additional 2.6 million shares, at a weighted average exercise price of $5.25 per
   share, all of which, excluding options for approximately 2,000 shares, were fully
   vested; equity-settled share appreciation rights (SARs) for 0.2 million shares, at a
   weighted average measurement price of $29.87, all of which, excluding SARs for
   approximately 1,000 shares, were fully vested; and restricted share units (RSUs)
   covering 7.7 million shares, of which RSUs to acquire 2.0 million shares were fully
   vested.</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 Q3 2016
           earnings release, including quarterly data for the seven quarters from Q1
           2015 through Q3 2016 and annual data for the three years from 2013 through
           2015.</em></em></p>
<h2>Financial outlook</h2>
<p>Based on our current outlook, we are raising revenue growth outlook for the calendar
   year 2016. We now expect our revenue to grow in the range of 22% to 24% in 2016
   compared with 2015.</p>
<p>This outlook reflects our current view, based on the trends that we see at this time,
   and may change in light of market and economic developments in the business sectors
   and jurisdictions in which we operate.</p>
<h2>Conference Call Information</h2>
<p>Yandex’s management will hold an earnings conference call on October&nbsp;27, 2016 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>
<blockquote><p>US: +1 877 280 2296<br>UK/International: +44 20 3427 1905<br>Russia: 8
               800 500 9311<br>Passcode: 3577902#</p></blockquote>
<p>A replay of the call will be available until November&nbsp;2, 2016. To access the
   replay, please dial:</p>
<blockquote><p>US: +1 866 932 5017<br>UK/International: +44 20 3427 0598<br>Russia: 810
               800 2870 1012<br>Passcode: 3577902#</p></blockquote>
<p>A live and archived webcast of this conference call will be available at</p>
<p>
    <a href="https://www.globenewswire.com/Tracker?data=cz6pEesLGhNAGxPHFjwkGrDDcykMTbvEz31F8SKI5kpQbNE6CAZ7yLVHkBz9Hu_VQI2T0h0Ow6gjDLn4865mMvoOagxA9HkuCxJi5EWq10XB4qgNIFKhc-2DRolv4ca16k0aZpK-SqFuAJVZAmByBw==" rel="nofollow" target="_blank" title="">http://edge.media-server.com/m/p/hiwq9at6</a>
</p>
<h2>ABOUT YANDEX</h2>
<p>Yandex (NASDAQ:<a href="/News/Listing?symbol=YNDX&amp;exchange=2">YNDX</a>) is one of
   the largest European internet companies, providing a wide variety of search and other
   online services. Yandex’s mission is to help users solve their everyday problems by
   building user-centric products and services. Based on innovative technologies, the
   company provides the most relevant, locally tailored experience on all digital
   platforms and devices. Yandex operates Russia’s most popular search engine and also
   serves Ukraine, Belarus, Kazakhstan and Turkey. <br>More information on Yandex can be
   found at
    <a href="https://www.globenewswire.com/Tracker?data=nfPBN-_1iMkVFaUOKQn1y-dGGKaUYhQMuUolU5VlhSMVPgPoi45flCYtQgxiRq60mRZjjPGE0oaxzkCyET1-jzzwdXxS3BSyvHqu4hy0HKQ=" rel="nofollow" target="_blank" title="">https://yandex.com/company</a>.
</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and
   uncertainties. These include statements regarding our anticipated revenues for
   full-year 2016. 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,
   2015, 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=cz6pEesLGhNAGxPHFjwkGmtYFAuFu7Glq06hZyNidmE6F6ZQlcqySELDvmpNe8uwA3-CcaNhcuKJ4qRCrnlqBvsF0QpcexQTTYYwiURGerQ=" 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=C5FQIVGJRDnMQ1aMgg3BDntEeutUOq-fT3CcZ88HvEpirjAKLWWTSacbqm9sSd8r4qhRJ6k9DJeeRBXJx4nt0Q==" rel="nofollow" target="_blank" title="www.sec.gov">www.sec.gov</a>.
   All information in this release and in the attachments is as of October&nbsp;27,
   2016, and Yandex undertakes no duty to update this information unless required by
   law.</p>
<h2>USE OF NON-GAAP FINANCIAL MEASURES</h2>
<p>To supplement our condensed consolidated financial statements, which are prepared and
   presented in accordance with U.S. GAAP, we present the following non-GAAP financial
   measures: ex-TAC revenues, adjusted EBITDA, adjusted EBITDA margin, adjusted ex-TAC
   EBITDA margin, adjusted net income, adjusted net income margin and adjusted ex-TAC
   net income margin. The presentation of these financial measures is not intended to be
   considered in isolation or as a substitute for, or superior to, the financial
   information prepared and presented in accordance with U.S. GAAP. For more information
   on these non-GAAP financial measures, please see the tables captioned
   “Reconciliations of non-GAAP financial measures to the nearest comparable U.S. GAAP
   measures”, included following the accompanying financial tables. We define the
   various non-GAAP financial measures we use as follows:</p>
<ul type="disc">
    <li><strong><strong>Ex-TAC revenues</strong></strong> means U.S. GAAP revenues less
                                                          total traffic acquisition
                                                          costs (TAC)
    </li>
    <li><strong><strong>Adjusted EBITDA </strong></strong>means U.S. GAAP net income
        <span data-mce-style="text-decoration: underline;" style="text-decoration: underline;">plus</span>
                                                          (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 and (4)&nbsp;provision
                                                          for income taxes,
        <span data-mce-style="text-decoration: underline;" style="text-decoration: underline;">less</span>
                                                          (A) interest income, net and
                                                          (B) other income/(loss), net
    </li>
    <li><strong><strong>Adjusted EBITDA margin</strong></strong> means adjusted EBITDA
                                                                 divided by U.S. GAAP
                                                                 revenues
    </li>
    <li><strong><strong>Adjusted ex-TAC EBITDA margin</strong></strong> means adjusted
                                                                        EBITDA divided
                                                                        by ex-TAC
                                                                        revenues
    </li>
    <li><strong><strong>Adjusted net income</strong></strong> means U.S. GAAP net income
        <span data-mce-style="text-decoration: underline;" style="text-decoration: underline;">plus</span>
                                                              (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 and
                                                              (3)&nbsp;amortization of
                                                              debt discount related to
                                                              our convertible debt
                                                              adjusted for the related
                                                              reduction in income tax;
        <span data-mce-style="text-decoration: underline;" style="text-decoration: underline;">less</span>&nbsp;(A)
                                                              foreign exchange gains
                                                              (plus foreign exchange
                                                              losses) adjusted for the
                                                              increase (reduction) in
                                                              income tax attributable to
                                                              the foreign exchange gains
                                                              (losses) and (B) &nbsp;gain
                                                              from repurchases of our
                                                              convertible notes adjusted
                                                              for the related increase
                                                              in income tax
    </li>
    <li><strong><strong>Adjusted net income margin </strong></strong>means adjusted net
                                                                     income divided by
                                                                     U.S. GAAP revenues
    </li>
    <li><strong><strong>Adjusted ex-TAC net income margin </strong></strong>means
                                                                            adjusted net
                                                                            income
                                                                            divided 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>Gain from repurchases of convertible debt</em></em></p>
<p>Adjusted net income also excludes a gain from the repurchase of $4.6 million in
   principal of our 1.125% convertible senior notes due 2018 for approximately $4.5
   million that we recorded in Q3 2016. We have eliminated this gain from adjusted net
   income as it is not indicative of our ongoing operating performance.</p>
<p>The tables at the end of this release provide detailed reconciliations of each
   non-GAAP financial measure we use to the most directly comparable U.S. GAAP financial
   measure.</p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed Consolidated Balance Sheets</strong>
    <br><br>
    <strong>(in millions of Russian rubles and U.S. dollars, except share and
                                                        per share data)</strong>
</p>
<table 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">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="11">
            <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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>December&nbsp;31,&nbsp;</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>September&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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>2015*</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center 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">
            <strong><strong>&nbsp;</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <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="3">&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="3">&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="3">&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="3">&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="3">&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="3">&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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            24,238
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            51,695
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            818.5
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15,150
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12,654
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            200.4
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,915
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,895
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            30.0
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,586
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,293
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            99.6
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,505
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,298
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20.6
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,835
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,863
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            45.3
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            53,229
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            76,698
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,214.4
        </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_align_right gnw_vertical_align_bottom hugin" colspan="3">&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="3">&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="3">&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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20,860
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,844
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            298.4
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,988
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,975
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            94.6
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,581
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,466
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            134.0
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,422
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22.5
        </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">Restricted cash, 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            533
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            462
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7.3
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,399
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,122
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,343
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            21.3
        </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 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            226
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            367
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5.8
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,392
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,864
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            29.5
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;111,818</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;115,441</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;1,827.8</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="3">&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="3">&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="3">&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="3">&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="3">&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="3">&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="3">&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="3">&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="3">&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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,994
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,917
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            125.4
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,800
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,003
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            47.5
        </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 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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,875
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,840
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            29.1
        </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 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,669
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12,760
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            202.0
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            27,374
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22,799
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            361.0
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,552
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,445
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22.9
        </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 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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,126
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            971
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15.4
        </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 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            41,721
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            37,975
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            601.3
        </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_align_right gnw_vertical_align_bottom hugin" colspan="3">&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="3">&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="3">&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="3">&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="3">&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="3">&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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            789
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12.5
        </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">Shareholders’ equity:</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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="3">&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="3">&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_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">-</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">-</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">-</td>
        <td class="gnw_align_right 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
                                                    shares issued and outstanding
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">-</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">-</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">-</td>
        <td class="gnw_align_right 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&nbsp; and Class
                                                    C €0.09); shares authorized (Class
                                                    A: 1,000,000,000, Class B:
                                                    61,295,523 and 46,997,887 and Class
                                                    C: 61,295,523 and 46,997,887);
                                                    shares issued (Class A: 282,161,148
                                                    and 284,506,784, Class B: 47,895,605
                                                    and 45,549,969, and Class C:
                                                    12,000,000 and 48,000,
                                                    respectively); shares outstanding
                                                    (Class A: 271,356,566 and
                                                    276,248,540, Class B: 47,895,605 and
                                                    45,549,969, 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            75
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            286
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4.5
        </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">Treasury shares at cost (Class A:
                                                    10,804,582 and 8,258,244,
                                                    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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (12,531
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (9,446
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (149.6
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17,257
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            16,803
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            266.0
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,099
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,056
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            32.6
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            62,197
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            66,978
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,060.5
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            70,097
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            76,677
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,214.0
        </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"><strong>TOTAL LIABILITIES AND
                                                            SHAREHOLDERS’
                                                            EQUITY</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;111,818</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;115,441</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;1,827.8</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="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
        <td class="hugin">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" colspan="13">* Derived from audited
                                                                 consolidated financial
                                                                 statements
        </td>
    </tr>
</tbody>
</table>

<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed Consolidated Statements of Income</strong>
    <br><br>
    <strong>(in millions of Russian rubles and U.S. dollars, except share and
                                                        per share data)</strong>
</p>

<table 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_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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_vertical_align_bottom gnw_align_center hugin" colspan="9">
            <strong><strong>Three months ended
                            September&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_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center 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_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <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">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">15,439</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19,293
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            305.5
        </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">Operating costs and expenses:</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right 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="3">&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">4,318</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,918
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            77.9
        </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">Product development(1)</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">3,168</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,858
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            61.1
        </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">Sales, general and
                                                    administrative(1)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">2,618</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,475
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            70.8
        </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">Depreciation and amortization</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,152
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,489
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            39.4
        </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 operating costs and expenses
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            12,256
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15,740
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            249.2
        </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">Income from operations</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">3,183</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,553
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            56.3
        </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">Interest income, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">415</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            351
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5.6
        </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">Other income/(loss), net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,076
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (218
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3.5
        </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 income before income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">5,674</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,686
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            58.4
        </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">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            1,396
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,243
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19.7
        </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">Net income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_align_right gnw_vertical_align_bottom hugin">
            4,278
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,443
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            38.7
        </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">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">
            13.42
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7.60
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.12
        </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_align_right gnw_vertical_align_bottom hugin">
            13.28
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7.47
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.12
        </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_align_right 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="3">&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">318,800,527</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            321,342,428
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            321,342,428
        </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_align_right gnw_vertical_align_bottom hugin">322,118,209</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            326,825,443
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            326,825,443
        </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">&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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" colspan="11">(1) These balances
                                                                 exclude depreciation
                                                                 and amortization
                                                                 expenses, which are
                                                                 presented separately,
                                                                 and include share-based
                                                                 compensation expenses
                                                                 of:
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right 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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cost of revenues</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">41</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            50
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.8
        </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">Product development</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">457</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            532
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8.4
        </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">Sales, general and administrative
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">173</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            203
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3.2
        </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">&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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>Unaudited Condensed Consolidated Statements of Income</strong>
    <br><br>
    <strong>(in millions of Russian rubles and U.S. dollars, except share and
                                                        per share data)</strong>
</p>
<table 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_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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_vertical_align_bottom gnw_align_center hugin" colspan="9">
            <strong><strong>Nine months ended September&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_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center 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_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <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">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">41,698</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            53,806
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            851.9
        </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">Operating costs and expenses:</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right 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="3">&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">12,013</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,118
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            223.5
        </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">Product development(1)</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">9,815</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,529
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            182.5
        </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">Sales, general and
                                                    administrative(1)
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">7,489</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11,450
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            181.4
        </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">Depreciation and amortization</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,516
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,199
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            114.0
        </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">Total operating costs and expenses
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            34,833
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            44,296
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            701.4
        </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_align_right gnw_vertical_align_bottom hugin">6,865</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,510
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            150.5
        </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">Interest income, net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">1,255</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,311
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20.8
        </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">Other income/(loss), net</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            1,122
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,241
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (35.5
        </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 income before income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">9,242</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,580
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            135.8
        </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">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,414
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,010
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            47.6
        </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 income</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_align_right gnw_vertical_align_bottom hugin">
            6,828
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,570
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            88.2
        </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">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">
            21.45
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17.39
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.28
        </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_align_right gnw_vertical_align_bottom hugin">
            21.15
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17.11
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.27
        </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_align_right 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="3">&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin" colspan="3">&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_align_right gnw_vertical_align_bottom hugin">318,353,267</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            320,370,040
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            320,370,040
        </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_align_right gnw_vertical_align_bottom hugin">322,791,055</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            325,618,354
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            325,618,354
        </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">&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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin" colspan="11">(1)&nbsp;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_align_right 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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Cost of revenues</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">125</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            145
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2.3
        </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</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">1,231</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,672
        </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;
        </td>
        <td class="gnw_padding_left_none 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">Sales, general and administrative
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom hugin">469</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            740
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11.7
        </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">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_align_right 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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </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 gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse gnw_table_border_collapse hugin mce-item-table">
<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_vertical_align_bottom gnw_align_center hugin" colspan="11">
            <strong><strong>Three months ended
                            September&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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center 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 gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <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="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,278
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,443
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            38.7
        </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">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="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,749
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,972
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            31.2
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            403
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8.2
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            241
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            223
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3.5
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            785
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12.4
        </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 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            0.4
        </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">Foreign exchange (gains)/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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,947
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            432
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6.8
        </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">Gain 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_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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2.5
        </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">Gain 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (93
        </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;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (31
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1
        </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;
        </td>
        <td class="gnw_padding_left_none 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">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="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (80
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (669
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (10.6
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            121
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (379
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (6.0
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,394
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            973
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15.4
        </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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (127
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            29
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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 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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;6,583</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;6,193</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;98.1</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 PROVIDED BY INVESTING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,524
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,761
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (43.7
        </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 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            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>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            93
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1.5
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (21
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (119
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1.9
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,906
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (30.2
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            582
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,525
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            40.0
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (4,700
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3,554
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (56.3
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,263
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22,836
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            361.6
        </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">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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (22
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (167
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2.7
        </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 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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;586</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;16,947</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;268.3</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 FINANCING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            48
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            121
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1.9
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,192
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (589
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (9.3
        </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">Payments of 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (89
        </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;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">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_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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (17
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (0.3
        </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 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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(2,233</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(485</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(7.7</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 equivalents
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,673
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (466
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (7.4
        </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
                                                    equivalents
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;8,609</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;22,189</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;351.3</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 and cash equivalents 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            9,430
        </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;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            467.2
        </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 equivalents 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,039
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            51,695
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            818.5
        </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">&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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </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_vertical_align_bottom gnw_align_center hugin" colspan="11">
            <strong><strong>Nine months ended September&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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center hugin">
            &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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_vertical_align_bottom gnw_align_center 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 gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>RUB</strong></strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin"><strong><strong>&nbsp;</strong></strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <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="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,828
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,570
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            88.2
        </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">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="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,397
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,742
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            90.9
        </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 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,119
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,457
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            23.1
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            732
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            710
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            11.2
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,825
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,557
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            40.5
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (101
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (191
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (3.0
        </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 (gains)/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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (794
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,671
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            42.3
        </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">Gain 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_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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2.5
        </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">Gain 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (243
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (0.8
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (96
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (147
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2.5
        </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">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="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (863
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (872
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (13.8
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            782
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            821
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            13.0
        </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 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            661
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,019
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            32.0
        </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">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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (171
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (8
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (0.1
        </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 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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;14,076</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;20,119</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;318.5</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)/PROVIDED BY
                                                    INVESTING ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (11,386
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (6,702
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (106.1
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            35
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            158
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2.5
        </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">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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (186
        </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;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (75
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (361
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (5.7
        </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">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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,906
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (30.2
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,426
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,525
        </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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            40.0
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (26,610
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (37,396
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (592.1
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            22,638
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            55,815
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            883.7
        </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">Loans granted</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_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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (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">
            &nbsp;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (4.3
        </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">Escrow cash deposit</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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            58
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none 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>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom hugin">Net cash (used in)/provided by
                                                    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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(12,122</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;11,860</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;187.8</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 FINANCING
                                                    ACTIVITIES:
        </td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin">&nbsp;</td>
        <td class="gnw_vertical_align_bottom hugin" colspan="3">&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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            139
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            331
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5.2
        </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">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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (4,909
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,079
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (32.9
        </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">Payments of 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (89
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (65
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1.0
        </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_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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (17
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (0.3
        </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 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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(4,859</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(1,830</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;(29.0</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 equivalents
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,299
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,692
        </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;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (42.6
        </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 change in cash and cash
                                                    equivalents
        </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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;394</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;27,457</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">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <strong><strong>&nbsp;434.7</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 and cash equivalents 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            17,645
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            383.8
        </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 equivalents 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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            18,039
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            51,695
        </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;
        </td>
        <td class="gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            818.5
        </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">&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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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;
        </td>
        <td class="gnw_padding_left_none 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>
    </tr>
</tbody>
</table>
<p align="left"><br></p>
<p class="text-align-center">
    <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 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
                            September&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>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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">
            <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>2015</strong></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">
            <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">
            15,439
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            19,293
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>25%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            41,698
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            53,806
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>29%%</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: traffic acquisition costs (TAC)</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,282
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,732
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>14%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            9,021
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            10,676
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            Ex-TAC revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            12,157
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            15,561
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>28%</em></em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            32,677
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            43,130
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>32%</em></em></td>
    </tr>
</tbody>
</table>
<p align="left"><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 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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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">
            Net income
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,278
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,443
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-43%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,828
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,570
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            <em><em>Add: </em></em>depreciation and amortization
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,152
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,489
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>16%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,516
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            7,199
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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>share-based compensation expense
        </td>

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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            785
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,825
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,557
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>40%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            61
        </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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            203
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            154
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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> interest income, net
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (415)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (351)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,255)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,311)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>4%</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>other (income)/loss, net
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (2,076)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            218
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-111%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,122)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,241
        </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">
            <em><em>Add:</em></em> provision for income taxes
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,396
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,243
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-11%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,414
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,010
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Adjusted EBITDA
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,021
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,888
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            14,409
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            19,420
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>35%</em></em></td>
    </tr>
</tbody>
</table>
<p align="left"><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 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_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Three months ended
                            September&nbsp;30,&nbsp;</strong></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin" colspan="3">
            <strong><strong>Nine months ended September&nbsp;30,&nbsp;</strong></strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid 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>2015</strong></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_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center hugin">
            <em><em>Change</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center hugin">
            <strong><strong>2015</strong></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_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">
            Net income
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            4,278
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,443
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-43%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            6,828
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            5,570
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            <em><em>Add:</em></em> SBC expense
        </td>

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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            785
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            1,825
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,557
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>40%</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 to SBC expense
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (10)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (12)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (36)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>20%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            15
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            61
        </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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            203
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            154
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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> foreign exchange (gains)/losses
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (1,947)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            432
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-122%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (794)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            2,671
        </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">
            <em><em>Add:</em></em> increase/(decrease) in income tax attributable to
                                   foreign exchange gains/(losses)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            386
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (83)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-122%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            139
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (541)
        </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">
            <em><em>Less: </em></em>gain from repurchases of convertible debt
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (93)
        </td>

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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-100%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (243)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (53)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-78%</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> increase in income tax attributable to gain from
                                   repurchases of convertible debt
        </td>

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


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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-100%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            61
        </td>


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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-79%</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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            241
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            223
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            732
        </td>


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


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>-3%</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 to amortization
                                    of debt discount
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (57)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (56)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (174)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            (178)
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none 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">
            Adjusted net income
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,507
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            3,793
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>8%</em></em></td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            8,547
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10,867
        </td>


        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            <em><em>27%</em></em></td>
    </tr>
</tbody>
</table>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong>
    <br><br>
    <strong>RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES</strong>
    <br>
    <strong>TO THE NEAREST COMPARABLE U.S. GAAP MEASURES</strong>
    <br><br>
    <strong>Reconciliation of 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_vertical_align_bottom hugin" colspan="6">
            &nbsp;
        </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 September&nbsp;30,&nbsp;2016
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,443
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12.7%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            4,445
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            6,888
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            35.7%
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            44.3%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Nine months ended September&nbsp;30,&nbsp;2016
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,570
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.4%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            13,850
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            19,420
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            36.1%
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            45.0%
        </td>
    </tr>
</tbody>
</table>
<p>
    (1)&nbsp;Net income margin is defined as net
    income divided by total revenues.
    <br>
    (2)&nbsp;Adjusted to eliminate depreciation and
    amortization expense, SBC expense, expense
    related to contingent compensation, interest
    income, net, other loss, net, and provision for
    income taxes. For a reconciliation of adjusted
    EBITDA to net income, please see the table above.
    <br>
    (3)&nbsp;Adjusted EBITDA margin is defined as
    adjusted EBITDA divided by total revenues.
    <br>
    (4)&nbsp;Adjusted ex-TAC EBITDA margin is defined
    as adjusted EBITDA divided by ex-TAC revenues.&nbsp;
    For a reconciliation of ex-TAC revenues to 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">
            <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 September&nbsp;30,&nbsp;2016
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            2,443
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            12.7%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            1,350
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            3,793
        </td>

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

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            24.4%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom hugin">
            Nine months ended September&nbsp;30,&nbsp;2016
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,570
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            10.4%
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            5,297
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom hugin">
            10,867
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            20.2%
        </td>

        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom hugin">
            25.2%
        </td>
    </tr>
    </tbody>
    </table>
    <p>
        (1)&nbsp;Net income margin is defined as net
                                                                               income divided by total revenues.
        <br>
        (2)&nbsp;Adjusted to eliminate SBC expense (as
                                                                               adjusted for the income tax reduction
                                                                               attributable to SBC expense), expense related to
                                                                               contingent compensation, foreign exchange losses
                                                                               (as adjusted for the increase in income tax
                                                                               attributable to the losses), &nbsp;gain from
                                                                               repurchases of convertible debt (as adjusted for
                                                                               the increase in income tax attributable to the
                                                                               gain) and amortization of debt discount (as
                                                                               adjusted for the reduction in income tax
                                                                               attributable to the expense). For a
                                                                               reconciliation of adjusted net income to net
                                                                               income, please see the table above.
        <br>
        (3)&nbsp;Adjusted net income margin is defined as
                                                                               adjusted net income divided by total revenues.
        <br>
        (4)&nbsp;Adjusted ex-TAC net income margin is
                                                                               defined as adjusted net income divided by ex-TAC
                                                                               revenues.&nbsp; For a reconciliation of ex-TAC
                                                                               revenues to U.S. GAAP revenues, please see the
                                                                               table above.
</p>
<p><br></p>
<p>
    <strong>Contacts:</strong><br><br>

    Investor Relations<br>
    Katya Zhukova <br>
    Phone: +7 495 974-35-38<br>
    E-mail: 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>
