<p align="left">MOSCOW and AMSTERDAM, the Netherlands, July 26, 2018 (GLOBE NEWSWIRE) -- Yandex
                (NASDAQ:YNDX), one of Europe's largest internet
                companies and the leading search provider in Russia, today announced its unaudited financial results for
                the second quarter ended June 30, 2018.</p>
<h2>Deconsolidation of Yandex.Market</h2>
<p>On April 27, 2018, Yandex and Sberbank formed a joint venture based on the Yandex.Market platform. Since that date,
   each of Yandex and Sberbank hold an equal number of the outstanding shares in Yandex.Market, with up to 10% of
   outstanding shares allocated to management and an equity incentive pool. Accordingly, starting April 27, 2018, we
   deconsolidated Yandex.Market from Yandex’s consolidated financial results and, under the equity method of accounting,
   we record our share of Yandex.Market’s financial results within the other income/(loss), net line in the consolidated
   statements of income. Therefore, this financial release presents:</p>
<p><strong>Consolidated financial results</strong> for the three months ended June 30, 2018, which
                                                                    include the results of Yandex.Market for 27 days in
                                                                    Q2 2018 and its results for the full quarter Q2
                                                                    2017. <br><strong>Consolidated financial
                                                                                              results</strong>
                                                                    for the six months ended June 30, 2018, which
                                                                    include the results of Yandex.Market for the full
                                                                    quarter Q1 2018 and 27 days in Q2 2018 and its
                                                                    results for the full H1 2017.<br><strong>Financial
                                                                                                                     results
                                                                                                                     excluding
                                                                                                                     Yandex.Market</strong>,
                                                                    which exclude the results of Yandex.Market, gain
                                                                    from deconsolidation and Yandex's share of
                                                                    Yandex.Market’s net income after the deconsolidation
                                                                    from the three and six months periods ended June 30,
                                                                    2017 and 2018.<br><strong>Financial results
                                                                                                      of Yandex.Market
                                                                                                      on a like-for-like
                                                                                                      basis</strong>,
                                                                    which present the standalone financial results of
                                                                    Yandex.Market on a full-quarter basis for Q2 2018.
</p>
<h2>Q2 2018 Financial Highlights(1)(2)</h2>
<p><strong>Q2 2018 consolidated financial results</strong></p>
<ul>
    <li><strong>Revenues </strong>of RUB 29.7 billion ($472.8 million), up 34% compared with Q2 2017
    </li>
    <li><strong>Net income</strong> of RUB&nbsp;33.3 billion ($531.1 million), up 857% compared with Q2
                                                     2017, mainly due to effect of deconsolidation of Yandex.Market in
                                                     the amount of RUB 28 billion;<strong> net income
                                                                                                   margin </strong>of
                                                     112.3%
    </li>
    <li><strong>Adjusted net income</strong> of RUB&nbsp;5.1 billion ($80.9 million), up 27% compared
                                                              with Q2 2017; <strong>adjusted net income
                                                                                            margin </strong>of
                                                              17.1%
    </li>
    <li><strong>Adjusted EBITDA </strong>of RUB 8.8 billion ($140.9 million), up 23% compared with Q2
                                                          2017; <strong>adjusted EBITDA
                                                                                margin </strong>of 29.8%&nbsp;
                                                          &nbsp; &nbsp; &nbsp;
    </li>
</ul>
<p><br></p>
<p><strong>Q2 2018 financial results excluding Yandex.Market in 2017 and 2018</strong></p>
<ul>
    <li><strong>Revenues excluding Yandex.Market </strong>of RUB 29.4 billion ($467.7 million), up 39%
                                                                           compared with Q2 2017
    </li>
    <li><strong>Net income excluding Yandex.Market</strong> of RUB 5.3 billion ($84.4 million), up 67%
                                                                             compared with Q2 2017
    </li>
    <li><strong>Adjusted net income excluding Yandex.Market</strong> of RUB 5.3 billion ($84.1
                                                                                      million), up 44% compared with Q2
                                                                                      2017;
        <strong>adjusted</strong> <strong>net income margin</strong> <strong>excluding
                                                                                                                       Yandex.Market</strong>
                                                                                      of 18.0%
    </li>
    <li><strong>Adjusted EBITDA </strong><strong>excluding</strong><strong>
        Yandex.Market </strong>of RUB 8.9 billion ($142.5 million), up 32% compared with Q2 2017;
        <strong>adjusted EBITDA margin </strong><strong>excluding
                                                                                 Yandex.Market</strong> of
                                        30.5%<br><br></li>
    <li><strong>Cash, cash equivalents and term deposits as of June 30, 2018</strong>:<br>&nbsp; o RUB
                                                                                                      97.0 billion
                                                                                                      ($1,546.4 million)
                                                                                                      on a consolidated
                                                                                                      basis<br>&nbsp; o
                                                                                                      Of which RUB 27.2
                                                                                                      billion ($433.0
                                                                                                      million) related
                                                                                                      to Taxi segment&nbsp;
        <br>&nbsp; o RUB 32.1 billion ($511.8 million) related to Yandex.Market and not included in Yandex N.V.
                                                                                                      consolidated
                                                                                                      balance sheet
    </li>
</ul>
<h2>Q2 2018 Operational and Corporate Highlights</h2>
<ul>
    <li><strong>Share of Russian search market</strong>, including mobile, averaged 56.2% in Q2 2018,
                                                                        up from 54.3% in Q2 2017 and down slightly from
                                                                        56.5% in Q1 2018, according to Yandex.Radar
    </li>
    <li><strong>Search share on Android</strong> in Russia was 47.8% in Q2 2018, up from 46.3% in Q1
                                                                  2018 and 38.2% in Q2 2017
    </li>
    <li><strong>Search queries</strong> in Russia grew 11% compared with Q2 2017</li>
    <li><strong>Paid clicks</strong> on Yandex’s and its partners’ websites, in aggregate, increased
                                                      10% compared with Q2 2017
    </li>
    <li>Average <strong>cost per click&nbsp;</strong>grew 6% compared with Q2 2017</li>
    <li><strong>Number of rides in the Taxi segment </strong>grew 207% year-on-year compared with Q2
                                                                              2017; this includes the full quarter of
                                                                              Uber rides in Q2 2018
    </li>
    <li>Yandex introduced <strong>Yandex.Station</strong>, our smart speaker designed for the Russian
        market
    </li>
    <li>Yandex launched a subscription service, <strong>Yandex.Plus</strong>, providing users with a
        bundled offering of multiple Yandex services
    </li>
    <li>On April 27, 2018, <strong>Yandex</strong> and <strong>Sberbank</strong>
        completed the formation of <strong>Yandex.Market</strong> joint venture, which was followed by
        deconsolidation of Yandex.Market from Yandex group financial results
    </li>
    <li>Yandex announced a <strong>share repurchase</strong> program of up to $100 million of Class A
        shares, which will be in effect for up to twelve months
    </li>
</ul>
<p>“I am pleased to report a strong second quarter, with accelerating revenue growth and significant product
   introductions,” said Arkady Volozh, Chief Executive Officer of Yandex. “We extended beyond traditional computing
   platforms with the introduction of Yandex.Station, the first smart speaker developed for the Russian market, and we
   launched Yandex.Plus, a subscription-based membership program that provides access to a bundle of Yandex services.”&nbsp;</p>
<p>“We delivered 39% year-over-year revenue growth, excluding the results of recently deconsolidated Yandex.Market from
   both periods,” said Greg Abovsky, Chief Operating Officer and Chief Financial Officer of Yandex.&nbsp;“We are
   particularly excited by the strength of our core business, driven by rapid revenue growth of search and other Yandex
   properties.”</p>
<p>The following table provides a summary of our key <strong>consolidated financial results</strong>
   for the three and six months ended June 30, 2017 and 2018, which includes Yandex.Market financial results through
   April 27, 2018:</p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            22,104
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            29,672
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>34</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            42,756
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            56,245
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>32</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Ex-TAC revenues<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            17,888
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            24,948
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            34,605
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            47,204
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>36</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Income from operations
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            2,997
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,348
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>45</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            6,372
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            7,507
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>18</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            7,213
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            8,842
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            14,087
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            16,546
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            3,484
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            33,331
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>857</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,303
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            35,182
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>718</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted net income<sup>2</sup></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            3,990
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            5,080
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>27</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            7,739
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            9,089
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p>The table below provides a summary of our key <strong>financial results excluding
                                                                 Yandex.Market </strong>for the three and six
   months ended June 30, 2017 and 2018.</p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions, excluding Yandex.Market</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Revenues ex. Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;21,140
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29,350
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;40,685
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;55,018
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>35</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Ex-TAC revenues<sup>2 </sup>ex. Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;16,966
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;24,633
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>45</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;32,659
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;46,011
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>41</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Income from operations ex. Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,596
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,463
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>72</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,443
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7,826
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>44</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA<sup>2 </sup>ex. Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,768
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,943
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>32</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;13,082
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;16,809
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income ex. Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,174
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,294
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>67</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,563
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7,296
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>105</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted net income<sup>2 </sup>ex. Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,652
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,276
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>44</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6,954
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,400
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>35</em><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 62.7565 to $1.00, the official exchange rate quoted as of June 30, 2018 by the Central
   Bank of the Russian Federation.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>(2) The following measures presented
   in this release are “non-GAAP financial measures”: ex-TAC revenues; adjusted EBITDA; adjusted EBITDA margin; adjusted
   ex-TAC EBITDA margin; adjusted net income; adjusted net income margin and adjusted ex-TAC net income margin. Please
   see the section headed “Use of Non-GAAP Financial Measures” below for a discussion of how we define these measures,
   as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S.
   GAAP measures.</p>
<p><strong>Consolidated revenues breakdown</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Online advertising revenues:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_label_i30">
            <em>&nbsp; Yandex properties</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;15,531
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;18,863
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29,887
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;36,338
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>22</em><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_i30">
            <em>&nbsp; Advertising network</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,403
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,619
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;10,562
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;10,984
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total online advertising revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;20,934
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;24,482
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;40,449
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;47,322
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Other
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,170
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,190
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>344</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,307
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,923
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>287</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;22,104
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29,672
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>34</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;42,756
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;56,245
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>32</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p><strong>Online advertising revenues</strong> grew 17% in Q2 2018 compared with Q2 2017 and generated
                                                                 83% of total revenues. Online advertising revenues
                                                                 include revenues derived from performance and brand
                                                                 advertising on Yandex properties and in our advertising
                                                                 network. Excluding revenues of Yandex.Market from Q2 of
                                                                 2017 and 2018, online advertising revenues grew 21% in
                                                                 Q2 2018 compared with Q2 2017.</p>
<p><strong>Online advertising revenues from Yandex properties</strong> increased 21% in Q2 2018
                                                                                        compared with Q2 2017 and
                                                                                        accounted for 64% of total
                                                                                        revenues. Excluding revenues of
                                                                                        Yandex.Market from Q2 of 2017
                                                                                        and 2018, online advertising
                                                                                        revenues from Yandex properties
                                                                                        increased 28% in Q2 2018
                                                                                        compared with Q2 2017.</p>
<p><strong>Online advertising revenues from our advertising network</strong> increased 4% in Q2 2018
                                                                                              compared with Q2 2017 and
                                                                                              accounted for 19% of total
                                                                                              revenues.</p>
<p><strong>Other revenues</strong> grew 344% in Q2 2018 compared with Q2 2017, and amounted to 17% of
                                                    total revenues. The growth was mainly driven by increase in
                                                    Yandex.Taxi revenues.</p>
<p><strong>Segment revenues</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Revenues:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Search and Portal
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;20,166
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;24,682
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>22</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;38,837
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;46,967
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            E-commerce*
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;1,168
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;442
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-62%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;2,463
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;1,697
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-31%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Taxi
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;772
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;4,064
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>426</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;1,550
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;7,180
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>363</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Classifieds
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;456
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;915
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>101</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;823
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;1,621
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>97</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Media Services
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;251
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;395
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>57</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;495
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;816
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>65</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Experiments
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;65
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;414
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;131
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;596
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>355</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Eliminations
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(774)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(1,240)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>60</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(1,543)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(2,632)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>71</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;22,104
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;29,672
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>34</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;42,756
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;56,245
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>32</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues,
                                                                                                                                         excluding Yandex.Market*
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;21,140
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;29,350
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;40,685
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;55,018
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>35</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p><em>*Our E-commerce segment revenues include revenues of Yandex.Market through April 27, 2018. Standalone
           revenues of Yandex.Market, on a like-for-like basis, are provided in the table below.</em></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Revenues:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i15 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Yandex.Market, like-for-like
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,168
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,411
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,463
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,666
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>8</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p><em>In Q1 2018 we introduced the following changes to our segments structure:</em></p>
<ul>
    <li><em>Search and Portal segment (including Geolocation Services) offers a broad range of services in Russia,
                Belarus and Kazakhstan (and, for periods prior to the imposition of sanctions on Yandex by the
                government of Ukraine in May 2017, all our services offered in Ukraine), other than those described
                below. Since Q1 2018 our Search and Portal segment also includes Search and Portal in Turkey and Yandex
                Launcher, previously reported in Experiments and Yandex.Travel, previously reported in
                Classifieds. </em></li>
    <li><em>E-commerce segment includes Yandex.Market service for the period prior to April 27, 2018, the date of
                the completion of the Yandex.Market joint venture between Yandex and Sberbank;</em></li>
    <li><em>Taxi segment includes our Taxi business (including Yandex.Taxi and Uber in Russia and neighboring
                countries) and Food Delivery business (including Yandex.EATs and UberEATs);</em></li>
    <li><em>Classifieds segment includes Auto.ru, Yandex.Realty and Yandex.Jobs; </em></li>
    <li><em>Media Services segment includes KinoPoisk, Yandex.Music, Yandex.Afisha and Yandex.TV program; Media
                Services were broken out from Experiments and now constitute a separate business unit;</em></li>
    <li><em>Experiments segment includes Zen, Yandex.Cloud, Yandex.Health, Yandex.Drive and Yandex Data Factory.
                Yandex.Cloud and Yandex.Health initiatives previously were a part of our Search and Portal segment.
                Yandex.Drive is our car sharing service, launched in February 2018.</em></li>
    <li><em>Eliminations represent the elimination of transactions between the reportable segments, primarily
                related to advertising.</em></li>
    <li><em>Prior periods were restated to conform to the current year presentation.</em></li>
</ul>
<p><strong>Consolidated Operating Costs and Expenses</strong></p>
<p>Yandex’s operating costs and expenses consist of cost of revenues, product development expenses, sales, general and
   administrative expenses (SG&amp;A) and depreciation and amortization expenses (D&amp;A). Apart from D&amp;A, each of
   the above expense categories include personnel-related costs and expenses, relevant office space rental, and related
   share-based compensation expense. Increases across all cost categories reflect investments in overall growth. In Q2
   2018 Yandex's headcount increased by 154 full-time employees. The total number of full-time employees was 8,288 as of
   June 30, 2018, up by 2% compared with March 31, 2018, and up 27% from June 30, 2017. Excluding the impact of the
   deconsolidation of Yandex.Market, the growth in the number of full-time employees was 12% compared with March 31,
   2018 and 40% from June 30, 2017.</p>
<p><strong>Cost of revenues, including traffic acquisition costs (TAC)</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            TAC:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Related to the Yandex advertising network
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,148
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,439
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>9</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            6,044
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            6,607
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>9</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Related to distribution partners
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,068
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,285
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,107
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,434
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>16</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total TAC
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,216
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,724
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            8,151
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            9,041
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Total TAC as a % of total revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19.1</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>15.9</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19.1</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>16.1</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Other cost of revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,531
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,528
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>130</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,944
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            5,923
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>101</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Other cost of revenues as a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>6.9%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11.9</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>6.9</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10.5</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total cost of revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            5,747
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            8,252
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>44</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            11,095
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            14,964
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>35</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Total cost of revenues as a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26.0</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>27.8</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>25.9</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>26.6</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p>TAC grew 12% in Q2 2018 compared with Q2 2017 and represented 15.9% of total revenues, 320 basis points lower than in
   Q2 2017 and 30 basis points lower compared with Q1 2018 due to revenue mix effect.</p>
<p><strong>Other cost of revenues</strong> in Q2 2018 increased 130% compared with Q2 2017, mainly due
                                                            to an increase of Taxi related outsourced costs and services
                                                            provided to Taxi corporate clients, for which revenue and
                                                            related costs are recorded on a gross basis.</p>
<p><strong>Product development</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Product development
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            4,473
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            5,370
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            8,991
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            11,173
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>24</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20.2</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>18.0</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>21.0</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>20.0</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>Product development expenses grew in line with revenues, driven by the growth of share-based compensation, new hires
   as well as salary increases in Q2 2018. Excluding Yandex.Market from Q2 of 2017 and 2018, product development
   expenses grew 28% in Q2 2018 compared with Q2 2017.</p>
<p><strong>Sales, general and administrative (SG&amp;A)</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Sales, general and administrative
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            6,064
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            8,776
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>45</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            11,012
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            16,785
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>52</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>27.4</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29.6</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>25.8</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29.8</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p>SG&amp;A expenses grew 45% in Q2 2018 compared to Q2 2017. The growth was mainly driven by our continuing investments
   in advertising and marketing to support our business units and core business, as well as by the growth of personnel
   costs due to new hires and salary increases.</p>
<p><strong>Share-based compensation (SBC) expense</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 gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_bottom_solid">
            SBC expense included in cost of revenues
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            64
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            43
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-33%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            106
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            79
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-25%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            SBC expense included in product development
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            542
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,058
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>95%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,118
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            2,204
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>97</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            SBC expense included in SG&amp;A
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            359
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            460
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            699
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            911
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>30</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total SBC expense
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            965
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,561
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>62%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            1,923
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            3,194
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>66</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4.4</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>5.3</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4.5</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>5.7</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>Total SBC expense increased 62% in Q2 2018 compared with Q2 2017. The growth primarily related to new equity-based
   grants made in 2017 and early 2018.</p>
<p><strong>D</strong><strong>epreciation and amortization (D&amp;A) expense</strong>
</p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Depreciation and amortization
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp; &nbsp; 2,823
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp; &nbsp; 2,926
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp; &nbsp; 5,286
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp; &nbsp; 5,816
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>As a % of revenues</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12.8</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>9.9</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12.4</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10.3</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p>D&amp;A expense increased 4% in Q2 2018 compared with Q2 2017. D&amp;A expense primarily reflects our investments in
   servers and data center equipment connected with the launch of our new data center in Vladimir, Russia, in 2017,
   which was partly offset by expiration of useful lives of part of our equipment and intangible assets.</p>
<p><strong>Income from operations</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Income from operations
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            2,997
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,348
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>45</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            6,372
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            7,507
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>18</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p>Income from operations increased 45% in Q2 2018 compared with Q2 2017.</p>
<p><strong>Adjusted EBITDA</strong></p>
<p>Consolidated adjusted EBITDA</p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            7,213
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            8,842
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            14,087
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            16,546
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p>Adjusted EBITDA increased 23% in Q2 2018 compared with Q2 2017.</p>
<p>Adjusted EBITDA by segments</p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Search and Portal
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;9,057
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;11,501
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>27</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;16,958
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;21,868
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>29</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            E-commerce*
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;445
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(101)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;1,005
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(263)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Taxi
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(1,966)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(1,882)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-4%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(3,211)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(3,594)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Classifieds
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(20)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;44
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-320%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(17)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(243)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Media Services
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(106)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(260)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>145</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(256)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(357)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_label_i25 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Experiments
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(197)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(460)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>134</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(392)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(865)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>121</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total adjusted EBITDA
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;7,213
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;8,842
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;14,087
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;16,546
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total adjusted EBITDA,
                                                                                                                                         excluding&nbsp;Yandex.Market
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;6,768
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;8,943
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>32</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;13,082
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;16,809
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>28</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p><em>*Our E-commerce segment adjusted EBITDA includes adjusted EBITDA of Yandex.Market through April 27.
           Standalone adjusted EBITDA of Yandex.Market, on a like-for-like basis, is provided in the table
           below.</em></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_border_right_solid gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA:
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom"><strong>&nbsp;</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_label_i15 gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Yandex.Market, like-for-like
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;445
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            (9)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-102%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,005
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            (171)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-117%</em></td>
    </tr>
</tbody>
</table>
<p><strong>Adjusted EBITDA excluding Yandex.Market</strong> increased 32% in Q2 2018 compared with Q2
                                                                             2017.</p>
<p>Adjusted EBITDA of Taxi was negative RUB 1,882 million in Q2 2018. Adjusted EBITDA loss of Yandex.Taxi includes the
   full quarter of Uber losses and our investments in Food Delivery Business.</p>
<p><strong>Interest income</strong>&nbsp;in Q2 2018 was RUB 817 million, up compared with RUB 688
                                                    million in Q2 2017.</p>
<p><strong>Interest expense</strong> in Q2 2018 was RUB 243 million, up from RUB 217 million in Q2
                                                      2017.</p>
<p><strong>Foreign exchange </strong>gain in Q2 2018 was RUB 2,085 million, compared with a foreign
                                                      exchange gain of RUB 1,273 million in Q2 2017. This gain reflects
                                                      the depreciation of the Russian ruble during Q2 2018 from RUB
                                                      57.2649 to $1.00 on March 31, 2018, to RUB 62.7565 to $1.00 on
                                                      June 30, 2018. Yandex's Russian operating subsidiaries' functional
                                                      currency is the Russian ruble, and therefore changes due to
                                                      exchange rate fluctuations in the ruble value of these
                                                      subsidiaries' monetary assets and liabilities that are denominated
                                                      in other currencies are recognized as foreign exchange gains or
                                                      losses within the Other 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 an
                                                      upward revaluation of the ruble equivalent of these U.S.
                                                      dollar-denominated monetary assets and liabilities in Q2 2018.</p>
<p><strong>Other income, net </strong>in Q2 2018 was RUB 30,668 million, significantly increased
                                                       compared with RUB 1,389 million in Q2 2017, and included a gain
                                                       from deconsolidation of Yandex.Market following the formation of
                                                       the Yandex.Market joint venture between Sberbank and Yandex on
                                                       April 27, 2018, in the amount of approximately RUB 28 billion.
                                                       Starting April 27, 2018, the remaining investment in
                                                       Yandex.Market is accounted under equity method and Yandex’s share
                                                       of the results of the investee is recorded within the other
                                                       income, net line in the consolidated statements of income.</p>
<p><strong>Income tax expense </strong>for Q2 2018 was RUB 2,259 million, up from RUB 1,373 million in
                                                        Q2 2017. Our effective tax rate of 6.3% in Q2 2018 was lower
                                                        than in Q2 2017, primarily due to the gain from deconsolidation
                                                        of Yandex.Market recognized in Q2 2018 which is non-taxable.
                                                        Adjusted for this effect, SBC expense and also for deferred tax
                                                        asset valuation allowances provided on operations of our newly
                                                        acquired Uber and&nbsp;Food Delivery businesses, our effective
                                                        tax rate for Q2 2018 was 23.1%, compared with 23.1% for Q2 2017
                                                        as also adjusted for SBC expense, provision of certain reserves
                                                        resulting from sanctions in Ukraine in Q2 2017, partly offset by
                                                        the effects of certain provisions reversed in Q2 2017 related to
                                                        the results of prior years' tax audits.</p>
<p><strong>Net income </strong>was RUB 33.3 billion ($531.1 million) in Q2 2018, up 857% compared with
                                                Q2 2017, mainly due to effect of deconsolidation of Yandex.Market.
                                                Excluding Yandex.Market, net income increased 67% in Q2 2018 compared to
                                                Q2 2017.</p>
<p><strong>Adjusted net income </strong>in Q2 2018 was RUB 5.1 billion ($80.9 million), a 27% increase
                                                         from Q2 2017. Excluding Yandex.Market, adjusted net income
                                                         increased 44% in Q2 2018 compared to Q2 2017.</p>
<p><strong>Adjusted net income margin</strong> was 17.1% in Q2 2018, compared with 18.1% in Q2 2017.
</p>
<p>As of June 30, 2018, Yandex had<strong> cash, cash equivalents and term deposits </strong>of RUB
   97.0 billion ($1,546.4 million), including cash, cash equivalents and term deposits of Yandex.Taxi in total amount of
   RUB 27.2 billion ($433.0 million). Cash, cash equivalents and term deposits of the Yandex.Market joint venture, which
   are not included in Yandex N.V.&nbsp; consolidated balance sheet, amounted to RUB 32.1 billion ($511.8 million) as of
   June 30, 2018.</p>
<p><strong>Net cash flow provided by operating activities </strong>for Q2 2018 was RUB 6.8 billion
                                                                                    ($108.0 million) and<strong>
        capital expenditures </strong>were RUB 9.0 billion ($143.5 million).</p>
<p>During Q2 2018 there were no repurchases of convertible debt notes.</p>
<p><strong>Redeemable noncontrolling interests</strong> presented in our condensed consolidated balance
                                                                         sheets relate to the equity incentive
                                                                         arrangements we have made available to the
                                                                         senior employees of the Taxi, Classifieds and
                                                                         E-commerce segments, pursuant to which such
                                                                         persons are eligible to acquire depositary
                                                                         receipts, or receive options to acquire
                                                                         depositary receipts, which entitle them to
                                                                         economic interests in the respective business
                                                                         unit subsidiaries.</p>
<p>The <strong>total number of shares issued and outstanding </strong>as of June 30, 2018 was
   328,402,391 including 290,523,732 Class A shares, 37,878,658 Class B shares, and one Priority share and excluding
   1,913,923 Class A shares held in treasury and all Class C shares outstanding solely as a result of the conversion of
   Class B shares into Class A shares. All such Class C shares will be cancelled.</p>
<p>There were also employee share options outstanding to purchase up to an additional 3.6 million shares, at a weighted
   average exercise price of $34.19 per share, 0.6 million of which were fully vested; equity-settled share appreciation
   rights (SARs) for 0.2 million shares, at a weighted average measurement price of $32.25, all of which, excluding SARs
   for approximately 1,000 shares, were fully vested; and restricted share units (RSUs) covering 13.5 million shares, of
   which RSUs to acquire 4.7 million shares were fully vested.</p>
<h2>Financial outlook</h2>
<p>Based on our recent performance and taking into account the deconsolidation of Yandex.Market from our consolidated
   financial results, we now provide revenue outlook for the full year 2018 which excludes Yandex.Market from prior
   periods. We currently expect our ruble-based revenues excluding Yandex.Market from 2017 and 2018 results to grow in
   the range of 30% to 35% for the full year 2018 compared with 2017.</p>
<p>Based on the recent performance of Search and Portal, we narrow our outlook and now expect our Search and Portal
   ruble-based revenue growth to be in the range of 20% to 22% in the full year 2018 compared with 2017.</p>
<p>This outlook reflects our current view, based on the trends that we see at this time, and may change in light of
   market and economic developments in the business sectors and jurisdictions in which we operate.</p>
<h2>Conference Call Information</h2>
<p>Yandex’s management will hold an earnings conference call on July 26, 2018 at 8:00 AM U.S. Eastern Time (3:00 PM
   Moscow time; 1:00 PM London time).</p>
<p>To access the conference call live, please dial:</p>
<p>US: +1 929 477 0448<br>UK/International: +44 (0) 330 336 9411<br>Russia: 8 10 800 2867 5011<br>Passcode: 4056605</p>
<p>A replay of the call will be available until August 2, 2018. To access the replay, please dial:</p>
<p>US: +1 719 457 0820<br>UK/International: +44 (0) 207 660 0134<br>Russia: 8 10 800 2702 1012<br>Passcode: 4056605</p>
<p>A live and archived webcast of this conference call will be available at</p>
<p>https://edge.media-server.com/m6/p/2f6a6asa</p>
<h2>ABOUT YANDEX</h2>
<p>Yandex (NASDAQ:YNDX) is a technology company that builds
   intelligent products and services powered by machine learning. Our goal is to help consumers and businesses better
   navigate the online and offline world. Since 1997, we have delivered world-class, locally relevant search and
   information services. Additionally, we have developed market-leading on-demand transportation services, navigation
   products, and other mobile applications for millions of consumers across the globe. Yandex, which has 21 offices
   worldwide, has been listed on the NASDAQ since 2011.<br>More information on Yandex can be found at
   https://yandex.com/company.</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and uncertainties. These include statements
   regarding our anticipated revenues for full year 2018. Actual results may differ materially from the results
   predicted or implied by such statements, and our reported results should not be considered as an indication of future
   performance. The potential risks and uncertainties that could cause actual results to differ from the results
   predicted or implied by such statements include, among others, macroeconomic and geopolitical developments affecting
   the Russian economy, competitive pressures, changes in advertising patterns, changes in user preferences, changes in
   the political, legal and/or regulatory environment, technological developments, and our need to expend capital to
   accommodate the growth of the business, as well as those risks and uncertainties included under the captions “Risk
   Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form&nbsp;20-F for the year ended
   December&nbsp;31, 2017, which is on file with the U.S. Securities and Exchange Commission (SEC) and is available on
   our investor relations website at http://ir.yandex.com/sec.cfm and on the SEC website at www.sec.gov. All information
   in this release and in the attachments is as of July 26, 2018, and Yandex undertakes no duty to update this
   information unless required by law.</p>
<h2>USE OF NON-GAAP FINANCIAL MEASURES</h2>
<p>To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with
   U.S. GAAP, we present the following non-GAAP financial measures: ex-TAC revenues, adjusted EBITDA, adjusted EBITDA
   margin, adjusted ex-TAC EBITDA margin, adjusted net income, adjusted net income margin and adjusted ex-TAC net income
   margin. The presentation of these financial measures is not intended to be considered in isolation or as a substitute
   for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more
   information on these non-GAAP financial measures, please see the tables captioned “Reconciliations of non-GAAP
   financial measures to the nearest comparable U.S. GAAP measures”, included following the accompanying financial
   tables. We define the various non-GAAP financial measures we use as follows:</p>
<ul>
    <li><strong>Ex-TAC revenues</strong> means U.S. GAAP revenues <u>less</u> total traffic acquisition
                                                          costs (TAC)
    </li>
    <li><strong>Adjusted EBITDA </strong>means U.S. GAAP net income <u>plus</u> (1)&nbsp;depreciation
                                                          and amortization, (2)&nbsp;SBC expense, (3)&nbsp;accrual of
                                                          expense related to the contingent compensation that may be
                                                          payable to employees in connection with certain business
                                                          combinations, (4) interest expense, (5)&nbsp;provision for
                                                          income taxes, and (6) operating losses resulting from
                                                          sanctions in Ukraine imposed in May 2017, <u>less</u> (1)
                                                          interest income, (2) other (income)/loss, net,
    </li>
    <li><strong>Adjusted EBITDA margin</strong> means adjusted EBITDA <u>divided</u> by U.S. GAAP
                                                                 revenues
    </li>
    <li><strong>Adjusted ex-TAC EBITDA margin</strong> means adjusted EBITDA <u>divided</u> by ex-TAC
                                                                        revenues
    </li>
    <li><strong>Adjusted net income</strong> means U.S. GAAP net income <u>plus</u> (1)&nbsp;SBC
                                                              expense adjusted for the income tax reduction attributable
                                                              to SBC expense, (2)&nbsp;accrual of expense related to the
                                                              contingent compensation that may be payable to certain
                                                              employees in connection with certain business
                                                              combinations, (3) losses from repurchases of our
                                                              convertible notes adjusted for the related&nbsp;reduction
                                                              in income tax, (4) amortization of debt discount related
                                                              to our convertible debt adjusted for the related reduction
                                                              in income tax and (5) losses resulting from sanctions in
                                                              Ukraine imposed in May 2017, <u>less</u> (1) foreign
                                                              exchange (gains)/losses adjusted for increase/(reduction)
                                                              in income tax attributable to foreign exchange
                                                              (gains)/losses, (2) effect of deconsolidation of
                                                              Yandex.Market
    </li>
    <li><strong>Adjusted net income margin </strong>means adjusted net income <u>divided</u> by U.S.
                                                                     GAAP revenues
    </li>
    <li><strong>Adjusted ex-TAC net income margin </strong>means adjusted net income <u>divided</u> by
                                                                            ex-TAC revenues
    </li>
</ul>
<p>These non-GAAP financial measures are used by management for evaluating financial performance as well as
   decision-making. Management believes that these metrics reflect the organic, core operating performance of the
   company, and therefore are useful to analysts and investors in providing supplemental information that helps them
   understand, model and forecast the evolution of our operating business.</p>
<p>Although our management uses these non-GAAP financial measures for operational decision-making and considers these
   financial measures to be useful for analysts and investors, we recognize that there are a number of limitations
   related to such measures. In particular, it should be noted that several of these measures exclude some recurring
   costs, particularly share-based compensation. In addition, the components of the costs that we exclude in our
   calculation of the measures described above may differ from the components that our peer companies exclude when they
   report their results of operations.</p>
<p>Below we describe why we make particular adjustments to certain U.S. GAAP financial measures:</p>
<p><em>TAC</em></p>
<p>We believe that it may be useful for investors and analysts to review certain measures both in accordance with U.S.
   GAAP and net of the effect of TAC, which we view as comparable to sales commissions but, unlike sales commissions,
   are not deducted from U.S. GAAP revenues. By presenting revenue, adjusted EBITDA margin and adjusted net income
   margin net of TAC, we believe that investors and analysts are able to obtain a clearer picture of our business
   without the impact of the revenues we share with our partners.</p>
<p><em>SBC</em></p>
<p>SBC is a significant expense item, and an important part of our compensation and incentive programs. As it is a
   non-cash charge, however, and highly dependent on our share price at the time of equity award grants, we believe that
   it is useful for investors and analysts to see certain financial measures excluding the impact of these charges in
   order to obtain a clearer picture of our operating performance.</p>
<p><em>Acquisition-related costs</em></p>
<p>We may incur expenses in connection with acquisitions that are not indicative of our recurring core operating
   performance. In particular, we are required under U.S. GAAP to accrue as expense the contingent compensation that is
   payable to certain employees in connection with certain business combinations. We eliminate these acquisition-related
   expenses from adjusted EBITDA and adjusted net income to provide management and investors a tool for comparing on a
   period-to-period basis our operating performance in the ordinary course of operations.</p>
<p><em>Foreign exchange gains</em></p>
<p>Because we hold significant assets and liabilities in currencies other than our Russian ruble operating currency, and
   because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present
   adjusted net income and related margin measures excluding these effects, in order to provide greater clarity
   regarding our operating performance.</p>
<p><em>Amortization of debt discount</em></p>
<p>We also adjust net income for interest expense representing amortization of the debt discount related to our
   convertible notes issued in Q4 2013 and Q1 2014.We have eliminated this expense from adjusted net income as it is
   non-cash in nature and is not indicative of our ongoing operating performance.</p>
<p><em>Gains and losses from repurchases of convertible debt</em></p>
<p>Adjusted net income for Q2 2017 also excludes a loss from the repurchase of $4.0 million in principal of our 1.125%
   convertible senior notes due 2018 for approximately $3.9 million. We have eliminated this loss from adjusted net
   income for the three months ended June 30, 2017 as it is not indicative of our ongoing operating performance.</p>
<p><em>Losses resulting from sanctions in Ukraine</em></p>
<p>We also adjusted our net income and EBITDA in 2017 for losses and gains from write-off of assets and liabilities in
   our Ukrainian legal entities. In May 2017, the government of Ukraine imposed sanctions on our Ukrainian operations.
   The sanctions resulted in the freezing of the assets held by our Ukrainian legal entities and restricting our
   services in Ukraine. We believe that it is useful to present adjusted net income and adjusted EBITDA measures
   excluding the one-off impact of these events, which are not related to our operating activities.</p>
<p><em>Effect of deconsolidation of Yandex.Market</em></p>
<p>Adjusted net income also excludes a gain from deconsolidation of Yandex.Market following the formation of
   Yandex.Market joint venture by Yandex and Sberbank in April 2018. We believe that it is useful to present adjusted
   net income and related margin measures excluding the effect of this significant item and to present certain other
   financial metrics described above in order to provide a clearer picture of our underlying operating performance and
   to provide meaningful period-to-period comparisons.</p>
<p>The tables at the end of this release provide detailed reconciliations of each non-GAAP financial measure we use to
   the most directly comparable U.S. GAAP financial measure.</p>
<p><br></p>
<p class="text-align-center">
    <strong>YANDEX&nbsp;N.V.</strong><br><br>
    <strong>Unaudited Condensed
                                                                                                                          Consolidated Balance
                                                                                                                          Sheets</strong><br><br>
    <strong>(in millions of Russian rubles
                                                                                                                          and U.S. dollars, except share
                                                                                                                          and per share data)</strong>

</p>
<table class="gnw_table gnw_table_type_long">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>As of</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"
            colspan="2"><strong>December&nbsp;31,</strong>
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="2">
            <strong>2017*</strong></td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>ASSETS</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Current assets:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;42,662</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,930</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;572.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Term deposits</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;23,040</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;60,121</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;958.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts receivable, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,746</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;10,772</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;171.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Prepaid expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,269</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,223</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other current assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,039
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,426
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;70.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total current assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;80,756</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;113,472</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,808.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Property and equipment, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;21,171</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;26,757</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;426.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Intangible assets, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5,023</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;11,974</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;190.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Goodwill</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,328</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;51,639</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;822.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Long-term prepaid expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,788</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,616</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;25.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Term deposits, non-current</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5,005</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;998</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;15.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in non-marketable equity securities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,001</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36,873</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;587.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred tax assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,171</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,612</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;41.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other non-current assets</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,301
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,071
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;64.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>TOTAL ASSETS</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;130,544</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;250,012</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;3,983.8</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>LIABILITIES AND SHAREHOLDERS’
                                                                    EQUITY</strong></td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Current liabilities:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts payable and accrued liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;11,111</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;13,474</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;214.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Taxes payable</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,213</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,256</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;67.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred revenue</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,464</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,265</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Convertible debt</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;17,834
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;19,809
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;315.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total current liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,622</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;39,804</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;634.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred tax liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;959</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,648</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;26.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other accrued liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,316
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;446
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total liabilities</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;37,897</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;41,898</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;667.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Commitments and contingencies</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Redeemable noncontrolling interests</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9,821</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;6,639</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;105.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Shareholders’ equity:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Priority share: €1.00 par value; 1 share authorized, issued and
                                                    outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Preference shares: €0.01 par value; 1,000,000,001 shares authorized,
                                                    nil shares issued and outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">—</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Ordinary shares: par value (Class A €0.01, Class B €0.10 and Class C
                                                    €0.09); shares authorized (Class A:&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">1,000,000,000, Class B: 46,997,887 and Class C: 46,997,887); shares
                                                    issued (Class A: 289,364,467 and&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">292,437,655,&nbsp;Class B:&nbsp;40,692,286 and 37,878,658, and Class
                                                    C: 4,166,448 and 6,980,076, respectively); shares&nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">outstanding (Class A:&nbsp;285,612,556 and 290,523,732, Class B:
                                                    40,692,286 and 37,878,658, and Class C: nil)
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;271</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;264</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Treasury shares at cost (Class A: 3,751,911 and 1,913,923,
                                                    respectively)
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3,814</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,891</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(30.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Additional paid-in capital</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;16,469</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;67,964</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,083.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accumulated other comprehensive income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,864</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5,568</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;88.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Retained earnings</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;68,036
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;107,570
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,714.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total equity attributable to Yandex N.V.</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;82,826</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;179,475</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,859.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Noncontrolling interests</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;22,000
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;350.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total shareholders’ equity</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;82,826
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;201,475
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,210.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY</strong>
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;130,544</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;250,012</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_align_right gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;3,983.8</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>*&nbsp;<em>Derived from audited consolidated financial statements</em></p>
<p align="left">&nbsp;</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 gnw_table_type_long">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="8">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>RUB</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>RUB</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>$</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Revenues</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">22,104</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">29,672</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">472.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Operating costs and expenses:</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues(1)</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">5,747</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">8,252</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">131.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development(1)</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">4,473</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">5,370</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">85.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative(1)</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">6,064</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">8,776</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">139.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation and amortization</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            2,823
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            2,926
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            46.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total operating costs and expenses</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            19,107
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            25,324
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            403.5
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Income from operations</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">2,997</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">4,348</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">69.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest income</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">688</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">817</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">13.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest expense</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(217</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(243</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other income, net</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,389
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;30,668
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;488.7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income before income taxes</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">4,857</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">35,590</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">567.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Provision for income taxes</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1,373
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            2,259
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            36.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            3,484
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            33,331
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            531.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net loss attributable to noncontrolling interests</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;30
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">715
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            11.4
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income attributable to Yandex N.V.</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>3,514</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>34,046</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>542.5</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income per Class&nbsp;A and Class&nbsp;B share:</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            10.83
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            103.75
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1.65
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            10.65
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            101.25
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1.61
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Weighted average number of Class A and Class B shares outstanding
        </td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">324,355,605</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">328,163,442</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">328,163,442</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">330,036,917</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">336,270,128</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">336,270,128</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp; &nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp; &nbsp; &nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="9">(1) These balances exclude depreciation and amortization
                                                                expenses, which are presented separately, and include
                                                                share-based compensation expenses of:
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">64</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">43</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">0.7</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">542</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">1,058</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">16.9</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">359</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">460</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">7.3</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
</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 gnw_table_type_long">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="8">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>$</strong>
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Revenues</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">42,756</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">56,245</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">896.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Operating costs and expenses:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">11,095</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">14,964</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">238.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">8,991</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">11,173</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">178.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative(1)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">11,012</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">16,785</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">267.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation and amortization</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            5,286
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            5,816
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            92.7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Total operating costs and expenses</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            36,384
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            48,738
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            776.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Income from operations</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">6,372</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">7,507</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">119.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">1,397</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">1,525</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">24.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Interest expense</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(445</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(464</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(7.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other (loss)/income, net</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(866
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;30,268
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;482.3
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income before income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">6,458</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">38,836</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">618.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Provision for income taxes</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            2,155
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            3,654
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            58.2
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            4,303
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            35,182
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            560.6
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net loss attributable to noncontrolling interests</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;46
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1,244
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            19.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income attributable to Yandex N.V.</td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>4,349</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>36,426</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>580.4</strong></td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income per Class&nbsp;A and Class&nbsp;B share:</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            13.43
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            111.18
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1.77
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            13.20
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            108.41
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_double gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            1.73
        </td>
        <td class="gnw_border_bottom_double gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Weighted average number of Class A and Class B shares outstanding
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Basic</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">323,803,590</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">327,618,094</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">327,618,094</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Diluted</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">329,455,881</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">335,991,164</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">335,991,164</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_right gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="11">&nbsp;(2) These balances exclude depreciation and
                                                                 amortization expenses, which are presented separately,
                                                                 and include share-based compensation expenses of:
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cost of revenues</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">106</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">79</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">1.3&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Product development</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">1,118</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">2,204</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">35.1&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Sales, general and administrative</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">699</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">911</td>
        <td class="gnw_vertical_align_bottom gnw_align_right">&nbsp;</td>
        <td class="gnw_vertical_align_bottom gnw_align_right" colspan="2">14.5&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&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 gnw_table_type_long">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="8">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,484</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;33,331</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;531.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Adjustments to reconcile net income to net cash provided by
                                                    operating activities:
        </td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation of property and equipment</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,205</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2,376</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;37.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of intangible assets</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;618</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;550</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;8.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of debt discount and issuance costs</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;165</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;187</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Share-based compensation expense</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;965</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,561</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;24.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred income taxes</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(249</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(530</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(8.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Foreign exchange gains</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,273</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,085</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(33.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Effect of deconsolidation of Yandex.Market</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(28,244</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(450.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Losses from repurchases of convertible debt</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Income from equity method investments</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(67</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(213</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(90</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Changes in operating assets and liabilities excluding the effect of
                                                    acquisitions:
        </td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts receivable, net</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(172</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(747</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(11.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Prepaid expenses and other assets</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(72</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,551</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(40.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts payable and accrued liabilities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,384</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,083</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;49.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred revenue</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;152
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;194
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash provided by operating activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;7,171</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;6,822</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;108.7</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN INVESTING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Purchases of property and equipment and intangible assets</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3,864</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(9,005</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(143.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of property and equipment</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;14</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;147</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Acquisitions of businesses, net of cash acquired</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(364</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in non-marketable equity securities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(69</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(38</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(0.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from maturity of debt securities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,702</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in term deposits</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(18,224</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(10,953</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(174.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Maturities of term deposits</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;8,122</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,448</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;54.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deconsolidation of cash and cash equivalents of Yandex.Market</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,181</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(34.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Loans granted, net of proceeds from repayments</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(41
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(48
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(0.8
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in investing activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(12,724</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(18,630</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(296.9</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN FINANCING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from exercise of share options</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;167</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;52</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;0.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchases of convertible debt</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(220</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchases of ordinary shares</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(221</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Payment for contingent consideration</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">(156</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">(2.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other financing activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(63
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(44
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(0.7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in financing activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(116</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(369</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(5.9</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Effect of exchange rate changes on cash and cash balances</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;345
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,681
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;26.9
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net change in cash and cash balances</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(5,324</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(10,496</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(167.2</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;20,524</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;46,612</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;742.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;15,200</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36,116</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;575.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>Reconciliation of cash and cash
                                                                    balances:</strong></td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;19,983</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;46,443</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;740.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;541</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;169</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;20,524</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;46,612</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;742.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;14,606</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,930</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;572.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;594</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;186</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;15,200</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36,116</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;575.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom" colspan="9"><em>&nbsp;</em></td>
    </tr>
</tbody>
</table>
<p align="left">&nbsp;</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 gnw_table_type_long">
<tbody>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="8">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_vertical_align_bottom gnw_align_center">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom gnw_align_center"><strong>&nbsp;</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>RUB</strong>
        </td>
        <td class="gnw_align_center gnw_vertical_align_bottom"><strong>&nbsp;</strong></td>
        <td class="gnw_align_center gnw_vertical_align_bottom" colspan="2"><strong>$</strong>
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net income</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,303</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,182</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;560.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Adjustments to reconcile net income to net cash provided by
                                                    operating activities:
        </td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Depreciation of property and equipment</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,170</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;4,728</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;75.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of intangible assets</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,116</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,088</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;17.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Amortization of debt discount and issuance costs</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;338</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;357</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;5.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Share-based compensation expense</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,923</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,194</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;50.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred income taxes</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(232</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,241</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(19.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Foreign exchange losses/(gains)</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;932</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,603</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(25.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Effect of deconsolidation of Yandex.Market</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(28,244</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(450.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Losses from repurchases of convertible debt</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Income from equity method investments</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(132</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(304</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(4.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;170</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(149</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Changes in operating assets and liabilities excluding the effect of
                                                    acquisitions:
        </td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts receivable, net</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(28</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(1,152</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(18.4</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Prepaid expenses and other assets</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(999</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,929</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(46.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Accounts payable and accrued liabilities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,336</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3,148</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;50.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deferred revenue</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;12
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(66
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1.1
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash provided by operating activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;12,915</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;12,009</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;191.4</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN INVESTING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Purchases of property and equipment and intangible assets</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(7,729</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(10,161</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(161.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of property and equipment</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;20</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;164</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;2.6</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Acquisitions of businesses, net of cash acquired</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(364</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;20,763</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;330.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in non-marketable equity securities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(103</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(139</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2.2</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from sale of equity securities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;216</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from maturity of debt securities</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1,702</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Investments in term deposits</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(58,482</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(55,592</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(885.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Maturities of term deposits</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;39,560</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;27,100</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;431.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Deconsolidation of cash and cash equivalents of Yandex.Market</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(2,181</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(34.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Loans granted, net of proceeds from repayments</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(39
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(189
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(3.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in investing activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(25,219</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(20,235</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(322.4</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">CASH FLOWS USED IN FINANCING ACTIVITIES:</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Proceeds from exercise of share options</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;258</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;104</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;1.7</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchases of convertible debt</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(668</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Repurchases of ordinary shares</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;-</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(221</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(3.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Payment for contingent consideration</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(195</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(641</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;(10.3</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Other financing activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;10
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(63
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1.0
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net cash used in financing activities</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(595</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(821</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(13.1</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Effect of exchange rate changes on cash and cash balances</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(711
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">)</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,932
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;30.7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Net change in cash and cash balances</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(13,610</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(7,115</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            <strong>&nbsp;(113.4</strong></td>
        <td class="gnw_border_bottom_solid gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">
            <strong>)</strong></td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43,231</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;688.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances at end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;15,200</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36,116</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;575.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom"><strong>Reconciliation of cash and cash
                                                                    balances:</strong></td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,232</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;42,662</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;679.8</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;578</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;569</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;9.1</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, beginning of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;28,810</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;43,231</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;688.9</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash equivalents, end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;14,606</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;35,930</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;572.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Restricted cash, end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;594</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;186</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;3.0</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
    <tr>
        <td class="gnw_vertical_align_bottom">Cash and cash balances, end of period</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;15,200</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;36,116</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">&nbsp;575.5</td>
        <td class="gnw_padding_left_none gnw_align_left gnw_vertical_align_bottom">&nbsp;</td>
    </tr>
</tbody>
</table>
<p align="left">&nbsp;</p>
<p class="text-align-center">
    <strong>YANDEX N.V.</strong>
    <br><br>
    <strong>RECONCILIATIONS OF NON-GAAP
                                                                                                                         FINANCIAL MEASURES</strong>
    <br>
    <strong>TO THE NEAREST COMPARABLE U.S.
                                                                                                                         GAAP MEASURES</strong>
    <br><br>
    <strong>Reconciliation of Ex-TAC
                                                                                                                         Revenues to U.S. GAAP
                                                                                                                         Revenues</strong>
</p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Total revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            22,104
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            29,672
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>34</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            42,756
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            56,245
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>32</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>traffic acquisition costs (TAC)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,216
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            4,724
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            8,151
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            9,041
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>11</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Ex-TAC revenues
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            17,888
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            24,948
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>39</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            34,605
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            47,204
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>36</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p align="left">&nbsp;</p>
<p class="text-align-center"><strong>Reconciliation of Adjusted
                                                                                                                      EBITDA to U.S. GAAP Net
                                                                                                                      Income</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td
                class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center gnw_border_right_solid">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,484
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;33,331
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;4,303
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;35,182
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>depreciation and amortization
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,823
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;2,926
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;5,286
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,816
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>share-based compensation expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;965
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,561
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>62</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;1,923
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,194
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>66</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>compensation
                                                                                                                                                       expense
                                                                                                                                                       related
                                                                                                                                                       to contingent consideration
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;41
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-83%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;119
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-76%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less:</em> interest income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(688)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(817)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>19</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(1,397)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,525)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>9</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>interest expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;217
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;243
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>12</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;445
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;464
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>4</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less</em>: other (income)/loss, net
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,389)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(30,668)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;866
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(30,268)
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom gnw_border_bottom_solid">
            <em>Add:</em> provision for income taxes
        </td>
        <td class="gnw_border_right_solid  gnw_align_right gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;1,373
        </td>
        <td class="gnw_border_right_solid gnw_align_right gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;2,259
        </td>
        <td class="gnw_border_right_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid gnw_border_bottom_solid">
            <em>65</em><em>%</em></td>
        <td class="gnw_border_right_solid  gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid gnw_border_bottom_solid">
            &nbsp;2,155
        </td>
        <td class="gnw_border_right_solid gnw_align_right gnw_vertical_align_bottom gnw_border_bottom_solid">
            &nbsp;3,654
        </td>
        <td class="gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid gnw_border_bottom_solid">
            <em>70</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            em>Add:</em> operating
                                                                                                                                                       losses
                                                                                                                                                       resulting
                                                                                                                                                       from sanctions in Ukraine
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;387
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;387
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted EBITDA
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7,213
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;8,842
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>23</em><em>%</em></td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;14,087
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;16,546
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p align="left">&nbsp;</p>
<p class="text-align-center"><strong>Reconciliation of Adjusted Net
                                                                                                                      Income to U.S. GAAP Net
                                                                                                                      Income</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions</em></strong></td>
        <td
                class="gnw_border_right_solid gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="3">
            <strong>Three months ended June&nbsp;30,&nbsp;</strong></td>
        <td
                class="gnw_border_right_solid gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center" colspan="3">
            <strong>Six months ended June&nbsp;30,&nbsp;</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>&nbsp;</em></strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2017</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_vertical_align_bottom gnw_align_center">
            <strong>2018</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom gnw_align_center"><em>Change</em>
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,484
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;33,331
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;4,303
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;35,182
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> SBC expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;965
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,561
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>62</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;1,923
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,194
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>66</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>reduction
                    in
                    income
                    tax
                    attributable to SBC expense
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(16)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(27)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>69</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(28)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(47)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>68</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>compensation
               expense
               related
               to contingent consideration
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;41
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-83%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;119
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;29
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>-76%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less</em>: foreign exchange (gains)/losses
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,273)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(2,085)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>64</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;932
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1,603)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add</em>:
                                                         increase/(reduction)
                                                         in income
                                                         tax attributable to foreign
                                                         exchange (gains)/losses
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;270
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;396
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>47</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(161)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;310
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less</em>: effect
                                                                                                                                                      of
                                                                                                                                                      deconsolidation
                                                                                                                                                      of&nbsp; Yandex.Market
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(28,244)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(28,244)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add:</em> losses
                                                                                                                                                       from
                                                                                                                                                       repuchases
                                                                                                                                                       of
                                                                                                                                                       convertible debt
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;6
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less:</em>&nbsp;reduction
                                                                                                                                                       in income
                                                                                                                                                       tax
                                                                                                                                                       attributable
                                                                                                                                                       to losses from repuchases of convertible debt
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(1)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add: </em>amortization of debt discount
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;165
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;187
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>13</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;338
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;357
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>6</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Less: </em>reduction
                                                                                                                                                        in
                                                                                                                                                        income
                                                                                                                                                        tax
                                                                                                                                                        attributable
                                                                                                                                                        to amortization of debt discount
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(42)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(46)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>10</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(85)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;(89)
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>5</em><em>%</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <em>Add</em>: losses
                                                                                                                                                     resulting
                                                                                                                                                     from&nbsp;sanctions in Ukraine
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;393
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;393
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;-
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            <em>n/m</em></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Adjusted net income
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;3,990
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,080
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>27</em><em>%</em></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;7,739
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,089
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            <em>17</em><em>%</em></td>
    </tr>
</tbody>
</table>
<p align="left">&nbsp;</p>
<p class="text-align-center"><strong>Reconciliation of Adjusted
                                                                                                                     EBITDA Margin and Adjusted
                                                                                                                     Ex-TAC EBITDA Margin to U.S.
                                                                                                                     GAAP Net Income Margin</strong></p>
<table class="gnw_table gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions </em></strong></td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="2">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>U.S.<br> GAAP<br> Actual<br> Net<br> Income</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Net<br> Income<br> Margin<br> (1)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjustment<br> (2)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br> EBITDA</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br> EBITDA<br> Margin<br> (3)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br> Ex-TAC<br> EBITDA<br> Margin (4)</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Three months ended June&nbsp;30,&nbsp;2018
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;33,331
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            112.3%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(24,489)
        </td>
        <td class="gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;8,842
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            29.8%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            35.4%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Six months ended June&nbsp;30,&nbsp;2018
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;35,182
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            62.6%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(18,636)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;16,546
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            29.4%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            35.1%
        </td>
    </tr>
</tbody>
</table>
<p>_________________________</p>
<p>(1) Net income margin is defined as net income divided by total revenues.<br>(2) Adjusted to eliminate depreciation
   and amortization expense, SBC expense, expense related to contingent compensation, interest income, interest expense,
   other (income)/loss, net and provision for income taxes. For a reconciliation of adjusted EBITDA to net income,
   please see the table above.<br>(3) Adjusted EBITDA margin is defined as adjusted EBITDA divided by total
   revenues.<br>(4) Adjusted ex-TAC EBITDA margin is defined as adjusted EBITDA divided by ex-TAC revenues. For a
   reconciliation of ex-TAC revenues to U.S. GAAP revenues, please see the table above.<br>&nbsp; &nbsp; &nbsp; &nbsp;
</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 gnw_table_type_short gnw_table_width_100_percent">
<tbody>
    <tr>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            <strong><em>In RUB millions </em></strong></td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom" colspan="2">
            <strong>&nbsp;</strong></td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_top_solid gnw_border_bottom_solid gnw_vertical_align_bottom">&nbsp;</td>
        <td class="gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_vertical_align_bottom">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            &nbsp;
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>U.S.<br> GAAP<br> Actual<br> Net<br> Income</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Net<br> Income<br> Margin<br> (1)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjustment<br> (2)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br> Net Income</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br> Net<br> Income<br> Margin<br> (3)</strong></td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_center gnw_vertical_align_bottom">
            <strong>Adjusted<br> Ex-TAC<br> Net<br> Income<br> Margin (4)</strong></td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Three months ended June&nbsp;30,&nbsp;2018
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;33,331
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            112.3%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(28,251)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;5,080
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            17.1%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            20.4%
        </td>
    </tr>
    <tr>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_vertical_align_bottom">
            Six months ended June&nbsp;30,&nbsp;2018
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;35,182
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            62.6%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            &nbsp;(26,093)
        </td>
        <td class="gnw_border_right_solid gnw_border_bottom_solid gnw_align_right gnw_vertical_align_bottom">
            &nbsp;9,089
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            16.2%
        </td>
        <td class="gnw_border_bottom_solid gnw_padding_right_none gnw_align_right gnw_vertical_align_bottom gnw_border_right_solid">
            19.3%
        </td>
    </tr>
</tbody>
</table>
<p>_________________________</p>
<p>(1) Net income margin is defined as net income divided by total revenues.<br>(2) Adjusted to eliminate SBC expense
   (as adjusted for the income tax reduction attributable to SBC expense), expense related to contingent compensation,
   foreign exchange (gains)/losses as adjusted for the increase/(reduction) in income tax attributable to the
   (gains)/losses, effect of deconsolidation of Yandex.Market, losses from repurchases of convertible debt (as adjusted
   for the related reduction in income tax), amortization of debt discount (as adjusted for the related reduction in
   income tax). For a reconciliation of adjusted net income to net income, please see the table above.<br>(3) Adjusted
   net income margin is defined as adjusted net income divided by total revenues.<br>(4) Adjusted ex-TAC net income
   margin is defined as adjusted net income divided by ex-TAC revenues. For a reconciliation of ex-TAC revenues to U.S.
   GAAP revenues, please see the table above.</p>
<p><strong>Contacts:</strong></p>
<p>Investor Relations<br>Katya Zhukova<br>Phone: +7 495 974-35-38<br>E-mail: askIR@yandex-team.ru</p>
<p>Media Relations<br>Ilya Grabovskiy<br>Phone: +7 495 739-70-00<br>E-mail: pr@yandex-team.ru</p>
