<p align="left">MOSCOW and AMSTERDAM, the Netherlands, April 25, 2019 (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
                first quarter ended March 31,
                2019.<br></p>
<h2>Q1 2019 Financial Highlights(1)(2)(3)</h2>
<p><strong>Q1 2019 consolidated financial results</strong></p>
<ul>
    <li><strong>Revenues </strong>of RUB 37.3 billion ($576.0 million), up 40%
                                  compared with Q1
                                  2018<br></li>
    <li><strong>Net income</strong> of RUB&nbsp;3.1 billion ($48.3 million), up 69%
                                    compared with Q1
                                    2018; <strong>net income margin</strong> of 8.4%<br>
    </li>
    <li><strong>Adjusted net income</strong> of RUB&nbsp;5.4 billion ($84.0
                                             million), up 36% compared
                                             with Q1 2018; <strong>adjusted net
                                                                   income
                                                                   margin</strong>
                                             of 14.6%<br></li>
    <li><strong>Adjusted EBITDA</strong> of RUB 10.8 billion ($166.3 million), up
                                         40% compared with Q1
                                         2018; <strong>adjusted EBITDA
                                                       margin</strong> of 28.9%
    </li>
</ul>
<br>
<p><strong>Q1 2019 financial results excluding Yandex.Market in 2018 and
           2019</strong></p>
<ul>
    <li><strong>Revenues excluding Yandex.Market</strong> of RUB 37.3 billion
                                                          ($576.0 million), up 45%
                                                          compared with Q1
                                                          2018<br></li>
    <li><strong>Net income excluding Yandex.Market</strong> of RUB 3.8 billion
                                                            ($59.4 million), up 92%
                                                            compared with Q1
                                                            2018<br></li>
    <li><strong>Adjusted net income excluding Yandex.Market</strong> of RUB 6.2
                                                                     billion ($95.2
                                                                     million),
                                                                     up 49% compared
                                                                     with Q1 2018;
        <strong>adjusted net income margin excluding
                Yandex.Market</strong> of 16.5%<br></li>
    <li><strong>Adjusted EBITDA excluding Yandex.Market</strong> of RUB 10.8 billion
                                                                 ($166.3 million),
                                                                 up 37% compared
                                                                 with Q1 2018;
        <strong>adjusted EBITDA margin excluding Yandex.Market</strong> of
                                                                 28.9%<br><br></li>
    <li><strong>Cash, cash equivalents and term deposits as of March 31,
                2019:<br></strong>
        <ul style="margin-left: 40px;">
            <li>RUB 73.6 billion ($1,137.5 million) on a consolidated basis</li>
            <li>Of which RUB 26.2 billion ($404.5
                                                                                  million) related to Taxi segment</li>
        </ul>
    </li>
</ul>
<h2>Q1 2019 Operational and Corporate Highlights</h2>
<ul>
    <li><strong>Share of Russian search market,</strong> including mobile, averaged
                                                         57.0% in Q1 2019, up
                                                         from 56.5% in Q1 2018 and
                                                         up from 56.5% in Q4 2018,
                                                         according to
                                                         Yandex.Radar<br></li>
    <li><strong>Search share on Android</strong> in Russia was 51.2% in Q1 2019, up
                                                 from 49.5% in Q4
                                                 2018 and 46.3% in Q1 2018,
                                                 according to Yandex.Radar
    </li>
    <li><strong>Search queries</strong> in Russia grew 11% compared with Q1 2018
    </li>
    <li><strong>Paid clicks</strong> on Yandex’s and its partners’ websites, in
                                     aggregate, increased 11%
                                     compared with Q1 2018. Excluding Yandex.Market,
        <strong>paid clicks</strong> grew 20% compared
                                     to Q1 2018<br></li>
    <li>Average <strong>cost per click</strong> grew 7% compared with Q1 2018.
        Excluding Yandex.Market,
        average <strong>cost per click</strong> increased 4% compared to Q1 2018
    </li>
    <li><strong>Number of rides in the Taxi segment</strong> grew 64% year-on-year
                                                             compared with Q1
                                                             2018, with Uber rides
                                                             included from February
                                                             7, 2018
    </li>
</ul>
<p>“We had an excellent start to 2019 with strong contributions from all our
   businesses,” said Arkady
   Volozh, Chief Executive Officer of Yandex. “Continued innovations in ad tech and
   on the product side
   allowed us to report robust revenue growth in our core business in Q1.”</p>
<p>“We delivered 45% revenue growth in Q1, excluding the results of deconsolidated
   Yandex.Market,” said
   Greg Abovsky, Chief Operating Officer and Chief Financial Officer of Yandex. “The
   ride-sharing
   business is demonstrating great results and we continue to see huge promise in a
   number of our new
   business initiatives, like Geolocation Services and Zen.”</p>
<p>The following table provides a summary of our key <strong>consolidated financial
                                                             results</strong> for
   the three months ended March 31, 2018 and 2019:</p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em>
        </p></td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong>
        </p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Revenues</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;26,573</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;37,284</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>40%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Ex-TAC
                                                       revenues<sup>2</sup></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;22,256</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;31,942</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>44%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Income from
                                                       operations</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;3,159</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;5,385</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>70%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Adjusted
                                                       EBITDA<sup>2</sup></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;7,704</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;10,768</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>40%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Net income</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;1,851</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;3,124</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>69%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Adjusted net
                                                       income<sup>2</sup></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;4,009</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;5,440</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>36%</em></p></td>
    </tr>
</tbody>
</table>
<p>The table below provides a summary of our key <strong>financial results excluding
                                                         Yandex.Market</strong> for
   the three months ended March 31, 2018 and 2019:</p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions,
                                                           excluding
                                                           Yandex.Market</em>
        </p></td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom" bgcolor="white"><p><strong>&nbsp;</strong>
        </p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Revenues ex.
                                                       Yandex.Market</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;25,668</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;37,284</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>45%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Ex-TAC
                                                       revenues<sup>2 </sup>ex.
                                                       Yandex.Market</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;21,378</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;31,942</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>49%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Income from operations
                                                       ex. Yandex.Market</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;3,363</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;5,385</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>60%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Adjusted
                                                       EBITDA<sup>2 </sup>ex.
                                                       Yandex.Market</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;7,866</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;10,768</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>37%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Net income ex.
                                                       Yandex.Market</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;2,002</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;3,845</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>92%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Adjusted net
                                                       income<sup>2 </sup>ex.
                                                       Yandex.Market</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;4,124</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;6,161</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>49%</em></p></td>
    </tr>
</tbody>
</table>
<p><sup>(1)</sup> Pursuant to SEC rules regarding convenience translations, Russian
                  ruble (RUB) amounts
                  have been translated into U.S. dollars at a rate of RUB 64.7347 to
                  $1.00, the official exchange rate
                  quoted as of March 31, 2019 by the Central Bank of the Russian
                  Federation.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br><sup>(2)</sup>
                  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><sup>(3)</sup> 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 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
                  income/(loss) from equity method investments
                  line in the consolidated statements of income. Financial results
                  excluding Yandex.Market exclude the
                  results of Yandex.Market and Yandex's share of Yandex.Market’s net
                  loss after the deconsolidation
                  from the three months periods ended March 31, 2018 and 2019.</p>
<br>
<p style="font-size: 17px;">Our segment disclosure is now available in the Segment financial
             results
       table
   below Income from
   operations.</p>
<br>
<p><strong>Consolidated revenues breakdown</strong></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em>
        </p></td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong>
        </p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Online advertising
                                                       revenues:</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>&nbsp;</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                                           Yandex
                                                           properties</em></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;17,475</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;20,912</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>20%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                                           Advertising
                                                           network</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;5,365</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;6,128</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>14%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Total online advertising
                                                       revenues</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;22,840</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;27,040</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>18%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Revenues related to Taxi
                                                       segment</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;3,116</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;7,624</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>145%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Other</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;617</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;2,620</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>325%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Total revenues</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;26,573</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;37,284</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>40%</em></p></td>
    </tr>
</tbody>
</table>
<p><br></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions,
                                                           excluding
                                                           Yandex.Market</em>
        </p></td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong>
        </p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Online advertising
                                                       revenues</p></td>
        <td width="15%" height="18"><p align="right"></p></td>
        <td width="15%" height="18"><p align="right"></p></td>
        <td width="15%" height="18"><p align="right"><em>&nbsp;</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                                           Yandex
                                                           properties</em></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;16,289</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;20,912</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>28%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                                           Advertising
                                                           network</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;5,312</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;6,128</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>15%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Total online
                                                           advertising
                                                           revenues </em></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;21,601</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;27,040</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>25%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Revenues related to Taxi
                                                       segment</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;3,116</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;7,624</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>145%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Other</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;951</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;2,620</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>175%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Total revenues</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;25,668</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;37,284</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>45%</em></p></td>
    </tr>
</tbody>
</table>
<p><strong>Online advertising revenues</strong> grew 18% in Q1 2019 compared with Q1
                                                2018 and generated
                                                73% of total revenues. Online
                                                advertising revenues include
                                                revenues derived from performance
                                                and
                                                brand advertising on Yandex
                                                properties and in our advertising
                                                network. <strong>Excluding revenues
                                                                 of
                                                                 Yandex.Market</strong>
                                                from Q1 2018, online advertising
                                                revenues grew 25% in Q1 2019
                                                compared
                                                with Q1 2018.</p>
<p><strong>Online advertising revenues from Yandex properties</strong> increased 20%
                                                                       in Q1 2019
                                                                       compared
                                                                       with Q1 2018
                                                                       and accounted
                                                                       for 56% of
                                                                       total
                                                                       revenues.
    <strong>Excluding revenues of
            Yandex.Market</strong> from Q1 2018, online advertising revenues from
                                                                       Yandex
                                                                       properties
                                                                       increased 28%
                                                                       in Q1 2019
                                                                       compared with
                                                                       Q1 2018.</p>
<p><strong>Online advertising revenues from our advertising network</strong>
    increased 14% in Q1 2019
    compared with Q1 2018 and accounted for 16% of total revenues.The increase was
    primarily driven by
    the continuing growth of contribution from medium and small partners.</p>
<p><strong>Revenues related to Taxi segment</strong> grew 145% in Q1 2019 compared
                                                     with Q1 2018 and
                                                     accounted for 20% of total
                                                     revenues. This increase was
                                                     mainly due to the growth of our
                                                     ridesharing
                                                     business driven by the increase
                                                     in the number of rides,
                                                     commission rates and incentives
                                                     optimization, as well as due to
                                                     the rapid growth of our
                                                     corporate Taxi, which we
                                                     recognize on a
                                                     gross basis, and food delivery
                                                     businesses.</p>
<p><strong>Other revenues</strong> grew 325% in Q1 2019 compared with Q1 2018 and
                                   amounted to 7% of
                                   total revenues. The growth was primarily driven
                                   by our car-sharing service Yandex.Drive, music
                                   service Yandex.Music and to a lesser extent by
                                   our initiatives related to IoT (stands for
                                   Internet
                                   of Things).</p>
<br>
<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 Q1 2019
   Yandex's headcount
   decreased by 138 full-time employees, mainly due to headcount reclassification,
   which we continued
   to implement to ensure consistency in internal reporting for positions that we
   treat as outsource
   labor. The total number of full-time employees was 8,629 as of March 31, 2019,
   down by 2% compared
   with December&nbsp;31, 2018, and up 6% from March 31, 2018.</p>
<p><strong>Cost of revenues, including traffic acquisition costs (TAC)</strong></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>TAC:</p></td>
        <td width="15%" height="18"><p align="right"></p></td>
        <td width="15%" height="18"><p align="right"></p></td>
        <td width="15%" height="18"><p align="right"><em>&nbsp;</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Related to the Yandex
                                                       advertising network</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,168</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,623</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>14%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Related to distribution
                                                       partners</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,149</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,719</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>50%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Total TAC</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;4,317</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;5,342</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>24%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1"><em>Total TAC as a % of total
                                                           revenues</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>16.2%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>14.3%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1"><em>Costs related to Taxi
                                                           segment</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>&nbsp;691</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            <em>&nbsp;2,409</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>249%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1"><em>Costs related to Taxi
                                                           segment as a % of
                                                           revenues</em></p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>2.6%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>6.5%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Other cost of revenues</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,704</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,834</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>125%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1"><em>Other cost of revenues as
                                                           a % of revenues</em></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>6.4%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>10.3%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Total cost of revenues</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;6,712</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;11,585</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>73%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Total cost of revenues as
                                                           a % of revenues</em></p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>25.3%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>31.1%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
</tbody>
</table>
<p><strong><strong>TAC</strong></strong> grew 24% in Q1 2019 compared with Q1 2018
                                         and represented 14.3%
                                         of total revenues, 190 basis points lower
                                         than in Q1 2018 and 160 basis points lower
                                         compared with
                                         Q4 2018 as a result of revenue mix effect.
</p>
<p><strong>Costs related to Taxi segment </strong>increased 249% compared with Q1
                                                  2018. The growth was
                                                  primarily driven by our outsourced
                                                  costs and services provided to
                                                  Taxi corporate clients, the
                                                  logistics costs related to food
                                                  delivery. We are the principal in
                                                  transactions with our B2B taxi
                                                  clients, therefore, we recognize
                                                  both revenues and cost of revenues
                                                  on a gross basis. Costs related
                                                  to Taxi corporate clients
                                                  represent payments we make to the
                                                  drivers to fulfill our contract
                                                  obligations to the B2B clients.
</p>
<p><strong>Other cost of revenues</strong> in Q1 2019 increased 125% compared with
                                           Q1 2018, mainly
                                           reflecting the growth of costs related to
                                           Yandex.Drive, our IoT initiatives as well
                                           as our
                                           investments in music and video content
                                           within Media Services.</p>
<p><strong>Product development</strong></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="19">
        <td width="53%" height="19" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="19" bgcolor="white"><p align="center">
            Three months ended March&nbsp;31,&nbsp;</p></td>
    </tr>
    <tr height="20">
        <td width="53%" height="20" bgcolor="white"><p><em>&nbsp;</em></p></td>
        <td width="15%" height="20" bgcolor="white"><p align="center"><em>2018</em>
        </p></td>
        <td width="15%" height="20" bgcolor="white"><p align="center"><em>2019</em>
        </p></td>
        <td width="15%" height="20" bgcolor="white"><p align="center">
            <em>Change</em></p></td>
    </tr>
    <tr height="20">
        <td width="53%" height="20" bgcolor="white"><p><em>Product development</em>
        </p></td>
        <td width="15%" height="20" bgcolor="white"><p align="right">
            <em>&nbsp;5,803</em></p></td>
        <td width="15%" height="20" bgcolor="white"><p align="right">
            <em>&nbsp;6,706</em></p></td>
        <td width="15%" height="20" bgcolor="white"><p align="right"><em>16%</em>
        </p></td>
    </tr>
    <tr height="20">
        <td width="53%" height="20" bgcolor="white"><p><em>As a % of revenues</em>
        </p></td>
        <td width="15%" height="20" bgcolor="white"><p align="right"><em>21.8%</em>
        </p></td>
        <td width="15%" height="20" bgcolor="white"><p align="right"><em>18.0%</em>
        </p></td>
        <td width="15%" height="20" bgcolor="white"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
</tbody>
</table>
<p>Product development expenses grew more slowly than revenues and mainly reflected
   the growth of
   share-based compensation, salary increases as well as new hires in Q1 2019.
   Excluding Yandex.Market
   from Q1 2018, product development expenses grew 26% in Q1 2019 compared with Q1
   2018.</p>
<p><strong>Sales, general and administrative (SG&amp;A)</strong></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Sales, general and
                                                       administrative</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;8,009</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;10,351</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>29%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>As a % of revenues</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>30.1%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>27.8%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
</tbody>
</table>
<p>SG&amp;A expenses grew 29% in Q1 2019 compared to Q1 2018. &nbsp;The growth was
   mainly driven by our
   investments in advertising and marketing to support our business units, primarily
   Classifieds, Taxi,
   Media Services, and our core business, as well as by the growth of personnel
   costs as a result of
   salary increases and new hires. Excluding Yandex.Market from Q1 2018, SG&amp;A
   expenses grew 37% in
   Q1 2019 compared with Q1 2018.</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="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom" bgcolor="white"><p><strong>&nbsp;</strong>
        </p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">SBC expense
                                                                        included in
                                                                        cost of
                                                                        revenues</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;36</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;68</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>89%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">SBC expense
                                                                        included in
                                                                        product
                                                                        development</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,146</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,432</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>25%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">SBC expense
                                                                        included in
                                                                        SG&amp;A</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;451</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;619</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>37%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Total SBC
                                                                        expense</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,633</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;2,119</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>30%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>As a % of revenues</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>6.1%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>5.7%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
</tbody>
</table>
<p>Total SBC expense increased 30% in Q1 2019 compared with Q1 2018. The growth was
   primarily related to
   new equity-based grants made in 2018-2019.</p>
<p><strong>Depreciation and amortization (D&amp;A) expense</strong></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p class="indent-1">Depreciation
                                                                        and
                                                                        amortization</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;2,890</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,257</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>13%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>As a % of revenues</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>10.9%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>8.7%</em>
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>&nbsp;</em>
        </p></td>
    </tr>
</tbody>
</table>
<p>D&amp;A expense increased 13% in Q1 2019 compared with Q1 2018. The D&amp;A
   expense increase
   primarily reflects our investments in servers and data center equipment, as well
   as the increase of
   our intangible assets from businesses acquisitions completed in 2018.</p>
<p><strong>Income from operations</strong></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Income from operations</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,159</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;5,385</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>70%</em>
        </p></td>
    </tr>
</tbody>
</table>
<p>Income from operations increased 70% in Q1 2019 compared with Q1 2018.</p>
<br>
<p><strong>Segment financial results</strong></p>
<p>Following the revision of our organizational structure and financial disclosure,
   starting in Q1 2019
   we introduced the following changes to our segments under which we reported our
   quarterly financial
   results in 2018, in order to better reflect operational performance of our
   businesses:</p>
<ul>
    <li>We transferred Geolocation Services and Yandex.Education from Search and
        Portal segment to Other
        Bets and Experiments segment, while moving Yandex.Health, which we
        previously reported in
        Experiments, into Search and Portal;
    </li>
    <li>We have renamed our Experiments to Other Bets and Experiments category,
        which includes Zen,
        Yandex.Drive, Geolocation Services, Yandex.Cloud and Yandex.Education;
    </li>
    <li>We changed the approach to Zen’s revenue recognition. Now we recognize
        payments of Zen to
        Yandex.Browser, Yandex Homepage and Yandex Search app as traffic acquisition
        costs rather than
        revenue elimination. This change insures consistency in internal reporting.
    </li>
    <li>We changed our approach to ICO allocation related to office rent expenses
        and administrative
        support services of our business units to provide consistent disclosure with
        our internal
        reporting. We now net these expenses within Search and Portal segment at
        operating costs level
        as opposed to treating business units share of rent expenses as ICO revenue
        of Search and
        Portal.
    </li>
</ul>
<p><em><em>Prior periods were restated to conform to the current year
           presentation.</em></em>
    <em><em>The historical data is available in the supplementary slides
            accompanying our financial
            release.</em></em></p>
<table class="table_yandex" style="width: 75% !important;">
<tbody>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p><em>In RUB millions</em></p>
        </td>
        <td width="52%" colspan="3" height="18" valign="bottom"><p align="center">
            Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p><em>&nbsp;</em></p></td>
        <td width="17%" height="18" valign="bottom"><p align="center">2018</p></td>
        <td width="17%" height="18" valign="bottom"><p align="center">2019</p></td>
        <td width="17%" height="18" valign="bottom"><p align="center">
            <em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18"
            valign="bottom"><p><strong>Revenues:</strong></p></td>
        <td width="17%" height="18"><p><strong>&nbsp;</strong></p></td>
        <td width="17%" height="18"><p><strong>&nbsp;</strong></p></td>
        <td width="17%" height="18"><p><strong>&nbsp;</strong></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Search and
                                                                        Portal</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">21,569</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">27,109</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>26%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-2"
                                                       style="margin-left: 40px;
                                                       white-space: nowrap">Search
                                                                           and
                                                                        Portal,
                                                                        excluding
                                                                        IoT*</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">21,569</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">26,887</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>25%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            E-commerce**</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">1,255</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">&nbsp;-</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-100%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Taxi</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">3,116</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">7,639</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>145%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            Classifieds</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">706</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">1,106</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>57%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Media
                                                                        Services</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">421</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">734</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>74%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Other Bets
                                                                        and
                                                                        Experiments</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">779</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">2,478</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>218%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            Eliminations</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">(1,273)</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">(1,782)</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>40%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Total
                                                                        revenues</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">26,573</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">37,284</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>40%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Total
                                                                        revenues,
                                                                        excluding
                                                                        Yandex.Market**</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">25,668</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">37,284</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>45%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p><strong>Adjusted
                                                               EBITDA:</strong></p></td>
        <td width="17%" height="18" valign="bottom"><p align="right"></p></td>
        <td width="17%" height="18" valign="bottom"><p align="right"></p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>&nbsp;</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Search and
                                                                        Portal</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">10,554</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">12,847</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>22%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-2" style="margin-left: 40px;">Search and
                                                                        Portal,
                                                                        excluding
                                                                        IoT*</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">10,596</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">13,017</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>23%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            E-commerce**</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">(162)</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">&nbsp;-</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-100%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Taxi</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">(1,712)</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">(116)</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-93%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            Classifieds</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">(287)</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">(328)</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>14%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Media
                                                                        Services</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">(97)</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">(440)</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>354%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Other Bets
                                                                        and
                                                                        Experiments</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">(623)</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">(1,239)</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>99%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            Eliminations</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">31</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">44</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>42%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Total
                                                                        adjusted
                                                                        EBITDA</p>
        </td>
        <td width="17%" height="18" valign="bottom"><p align="right">7,704</p></td>
        <td width="17%" height="18" valign="bottom"><p align="right">10,768</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>40%</em></p></td>
    </tr>
    <tr height="29">
        <td width="47%" height="29" valign="bottom"><p class="indent-1">Total
                                                                        adjusted
                                                                        EBITDA,
                                                                        excluding
                                                                        Yandex.Market**</p>
        </td>
        <td width="17%" height="29" valign="bottom"><p align="right">7,866</p></td>
        <td width="17%" height="29" valign="bottom"><p align="right">10,768</p></td>
        <td width="17%" nowrap="nowrap" height="29" valign="bottom">
            <p align="right"><em>37%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p><strong>Adjusted EBITDA
                                                               margin:</strong></p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"></p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"></p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>&nbsp;</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Search and
                                                                        Portal</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">48.9%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">47.4%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-1.5%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-2" style="margin-left: 40px;">Search and
                                                                        Portal,
                                                                        excluding
                                                                        IoT*</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">49.1%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">48.4%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-0.7%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            E-commerce**</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-12.9%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>n/m</em></p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>n/m</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Taxi</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-54.9%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-1.5%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>53.4%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">
            Classifieds</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-40.7%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-29.7%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>11.0%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Media
                                                                        Services</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-23.0%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-59.9%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-36.9%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Other Bets
                                                                        and
                                                                        Experiments</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-80.0%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">-50.0%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>30.0%</em></p></td>
    </tr>
    <tr height="18">
        <td width="47%" height="18" valign="bottom"><p class="indent-1">Total
                                                                        adjusted
                                                                        EBITDA
                                                                        margin</p>
        </td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">29.0%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">28.9%</p></td>
        <td width="17%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right"><em>-0.1%</em></p></td>
    </tr>
    <tr height="29">
        <td width="47%" height="29" valign="bottom"><p class="indent-1">Total
                                                                        adjusted
                                                                        EBITDA
                                                                        margin,
                                                                        excluding
                                                                        Yandex.Market**</p>
        </td>
        <td width="17%" nowrap="nowrap" height="29" valign="bottom">
            <p align="right">30.6%</p></td>
        <td width="17%" nowrap="nowrap" height="29" valign="bottom">
            <p align="right">28.9%</p></td>
        <td width="17%" nowrap="nowrap" height="29" valign="bottom">
            <p align="right"><em>-1.7%</em></p></td>
    </tr>
</tbody>
</table>
<p><em><em>*IoT stands for Internet of Things</em></em></p>
<p><em><em>**Our E-commerce segment revenues include revenues of Yandex.Market
           through April 27, 2018.
           As a result of deconsolidation, we record our share of Yandex.Market’s
           financial results
           within the income/(loss) from equity method investments line in the
           consolidated statements
           of income.</em></em></p>
<ul>
    <li><em><em>Search and Portal segment offers a broad range of services in
                Russia, Belarus,
                Kazakhstan, Uzbekistan and Turkey, other than those described below.
                Since Q1 2019 our
                Search and Portal segment also includes Yandex.Health, previously
                reported in Other Bets
                and Experiments;</em></em></li>
    <li><em><em>E-commerce segment includes Yandex.Market for the period prior to
                April 27, 2018, the
                date of the completion of the Yandex.Market joint venture between
                Yandex and
                Sberbank;</em></em></li>
    <li><em><em>Taxi segment includes our Taxi business (including Yandex.Taxi and
                Uber in Russia and
                neighboring countries), Food Delivery business (including
                Yandex.EATs, UberEATs and
                Yandex.Chef, a meal kit subscription service) and Self-Driving Cars
                division;</em></em>
    </li>
    <li><em><em>Classifieds segment includes Auto.ru, Yandex.Realty and
                Yandex.Jobs; </em></em></li>
    <li><em><em>Media Services segment includes KinoPoisk, Yandex.Music,
                Yandex.Afisha, Yandex.TV
                program, our production center Yandex.Studio and our subscription
                service
                Yandex.Plus;</em></em></li>
    <li><em><em>Other Bets and Experiments category includes Zen, Yandex.Cloud,
                Yandex.Drive,
                Geolocation Services and Yandex.Education. Geolocation Services and
                Yandex.Education
                previously were a part of our Search and Portal segment;</em></em>
    </li>
    <li><em><em>Eliminations in our revenues represent the elimination of
                transactions between the
                reportable segments, primarily related to advertising. Eliminations
                related to our
                adjusted EBITDA mainly reflect reallocation of a portion of Search
                and Portal D&amp;A
                expenses related to leasehold improvements to office rent expenses
                of our business
                unites.</em></em></li>
</ul>
<p><strong>Adjusted EBITDA </strong>increased 40% in Q1 2019 compared with Q1 2018.
</p>
<p><strong>Adjusted EBITDA excluding Yandex.Market</strong> increased 37% in Q1 2019
                                                            compared with Q1
                                                            2018. The growth was
                                                            mainly driven by the
                                                            solid revenue growth of
                                                            Search and Portal and
                                                            improved
                                                            adjusted EBITDA of our
                                                            Taxi segment, which were
                                                            slightly offset by our
                                                            investments in other
                                                            businesses and IoT
                                                            initiatives.</p>
<p>Adjusted EBITDA of Taxi was negative RUB 116 million in Q1 2019. The positive
   adjusted EBITDA of our
   ride-sharing business was offset by our investments in food delivery and
   autonomous vehicles.</p>
<p><strong>Interest income </strong>in Q1 2019 was RUB 827 million, compared with
                                    RUB 708 million in Q1
                                    2018.</p>
<p><strong>Interest expense</strong> in Q1 2019 was RUB 1 million, down from RUB 221
                                     million in Q1 2018.
</p>
<p><strong>Foreign exchange loss</strong> in Q1 2019 was RUB 279 million, compared
                                          with a foreign
                                          exchange loss of RUB 482 million in Q1
                                          2018. This loss reflects the appreciation
                                          of the Russian
                                          ruble during Q1 2019 from RUB 69.4706 to
                                          $1.00 on December&nbsp;31, 2018, to RUB 64.7347
                                          to $1.00 on
                                          March 31, 2019. Yandex's Russian operating
                                          subsidiaries' functional currency is the
                                          Russian ruble,
                                          and therefore changes due to exchange rate
                                          fluctuations in the ruble value of these
                                          subsidiaries'
                                          monetary assets and liabilities that are
                                          denominated in other currencies are
                                          recognized as foreign
                                          exchange gains or losses within the other
                                          loss, 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&nbsp; a
                                          downward revaluation of
                                          the ruble equivalent of these U.S.
                                          dollar-denominated monetary assets and
                                          liabilities in Q1 2019.
</p>
<p><strong>Income tax expense</strong> for Q1 2019 was RUB 2,214 million, up from
                                       RUB 1,395 million in
                                       Q1 2018. Our effective tax rate of 41.5% in
                                       Q1 2019 was in line with Q1 2018. Adjusted
                                       for SBC
                                       expense, deferred tax asset valuation
                                       allowances provided on operations of our Uber
                                       and Food
                                       Delivery businesses acquired in late 2017 and early 2018, our effective tax rate for Q1 2019
                                       was 27.6%,
                                       compared with 23.5% for Q1 2018 as adjusted
                                       for SBC expense and similar provisions in
                                       that year. The
                                       increase in the adjusted effective tax rate
                                       was primarily driven by certain additional
                                       valuation
                                       allowances provided in Q1 2019.</p>
<p><strong>Net income</strong> was RUB 3.1 billion ($48.3 million) in Q1 2019, up
                               69% compared with Q1
                               2018.</p>
<p><strong>Adjusted net income</strong> in Q1 2019 was RUB 5.4 billion ($84.0
                                        million), a 36% increase
                                        from Q1 2018. Excluding Yandex.Market,
                                        adjusted net income increased 49% in Q1 2019
                                        compared to Q1
                                        2018.</p>
<p><strong>Adjusted net income margin</strong> was 14.6% in Q1 2019, compared with
                                               15.1% in Q1 2018.</p>
<p>As of March 31, 2019, Yandex had <strong>cash, cash equivalents and term
                                            deposits </strong>of RUB
   73.6 billion ($1,137.5 million), including cash and cash equivalents of
   Yandex.Taxi in total amount
   of RUB 26.2 billion ($404.5 million).</p>
<p><strong>Net cash flow provided by operating activities</strong>
    for Q1 2019 was RUB 10.5 billion ($162.6 million) and
    <strong>capital expenditures</strong>
    were RUB 2.0 billion ($30.6 million).</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 and Classifieds
                                                        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 March
   31, 2019 was
   325,657,474 including 287,908,815 Class A shares, 37,748,658 Class B shares, and
   one Priority share
   and excluding 4,658,840 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 were
   cancelled.</p>
<p>There were also employee share options outstanding to purchase up to an
   additional 3.5 million
   shares, at a weighted average exercise price of $35.40 per share, 1.3 million of
   which were fully
   vested; equity-settled share appreciation rights (SARs) for 0.2 million shares,
   at a weighted
   average measurement price of $32.63, all of which were fully vested; and
   restricted share units
   (RSUs) covering 13.4 million shares, of which RSUs to acquire 5.1 million shares
   were fully vested.
   Equity awards in respect of business unit subsidiaries are described under
   Redeemable noncontrolling
   interests above.</p>
<h2>Financial outlook</h2>
<p>Based on our recent performance, we currently expect our ruble-based revenues
   excluding Yandex.Market
   to grow in the range of 30% to 34% for the full year 2019 compared with 2018.</p>
<p>Based on the recent performance of Search and Portal, we now expect our Search
   and Portal ruble-based
   revenue to grow in the range of 19% to 21% in the full year 2019 compared with
   2018.</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 April 25, 2019 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: +1 631 510 7495<br>UK/International: +44 (0) 844 571 8892<br>Russia: 8 10 800
   2357
   5011<br>Passcode: 4893737</p>
<p>A replay of the call will be available until May 2, 2019. To access the replay,
   please dial:</p>
<p>US: +1 917 677 7532<br>UK/International: +44 (0) 844 571 8951<br>Russia: +7 495
   249 9138<br>Passcode:
   4893737</p>
<p>A live and archived webcast of this conference call will be available at</p>
<p><a href="https://edge.media-server.com/m6/p/ishwu3xv" rel="nofollow"
      target="_blank">https://edge.media-server.com/m6/p/ishwu3xv</a>&nbsp;</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 34 offices worldwide, has been listed on the NASDAQ since
   2011.</p>
<p>More information on Yandex can be found at
    <a href="https://yandex.com/company" rel="nofollow"
       target="_blank">https://yandex.com/company</a>.</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and
   uncertainties. These
   include statements regarding our anticipated revenues for full year 2019. 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 or
   our business, changes in the political, legal and/or regulatory environment,
   competitive pressures,
   changes in advertising patterns, changes in user preferences, 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,
   2018, which
   is on file with the U.S. Securities and Exchange Commission (SEC) and is
   available on our investor
   relations website at <a href="http://ir.yandex.com/sec.cfm" rel="nofollow"
                           target="_blank">http://ir.yandex.com/sec.cfm</a>&nbsp;and
   on the SEC website at <a
            href="http://www.sec.gov/" rel="nofollow" target="_blank">www.sec.gov</a>.
   All information in
   this release and in the attachments is as of April 25, 2019, and Yandex
   undertakes no duty to update
   this information unless required by law.</p>
<h2>USE OF NON-GAAP FINANCIAL MEASURES</h2>
<p>To supplement our condensed consolidated financial statements, which are prepared
   and presented in
   accordance with U.S. GAAP, we present the following non-GAAP financial measures:
   ex-TAC revenues,
   adjusted EBITDA, adjusted EBITDA margin, adjusted ex-TAC EBITDA margin, adjusted
   net income,
   adjusted net income margin and adjusted ex-TAC net income margin. The
   presentation of these
   financial measures is not intended to be considered in isolation or as a
   substitute for, or superior
   to, the financial information prepared and presented in accordance with U.S.
   GAAP. For more
   information on these non-GAAP financial measures, please see the tables captioned
   “Reconciliations
   of non-GAAP financial measures to the nearest comparable U.S. GAAP measures”,
   included following the
   accompanying financial tables. We define the various non-GAAP financial measures
   we use as follows:
</p>
<ul>
    <li><strong>Ex-TAC revenues</strong> means U.S. GAAP revenues <u>less</u> total
                                         traffic acquisition
                                         costs (TAC)
    </li>
    <li><strong>Adjusted EBITDA</strong> means U.S. GAAP net income <u>plus</u> (1)&nbsp;depreciation
                                         and amortization, (2)&nbsp;SBC expense, (3)&nbsp;accrual
                                         of expense related to the contingent
                                         compensation that may be payable to
                                         employees in connection with certain
                                         business combinations,
                                         (4) interest expense, (5) other loss, net
                                         and (6)&nbsp;income tax expense,
        <u>less</u> (1)
                                         interest income and (2) (income)/loss from
                                         equity method investments
    </li>
    <li><strong>Adjusted EBITDA margin</strong> means adjusted EBITDA <u>divided</u>
                                                by U.S. GAAP
                                                revenues
    </li>
    <li><strong>Adjusted ex-TAC EBITDA margin</strong> means adjusted EBITDA <u>divided</u>
                                                       by ex-TAC
                                                       revenues
    </li>
    <li><strong>Adjusted net income</strong> means U.S. GAAP net income <u>plus</u>
                                             (1)&nbsp;SBC expense
                                             adjusted for the income tax reduction
                                             attributable to SBC expense, (2)&nbsp;accrual
                                             of expense
                                             related to the contingent compensation
                                             that may be payable to certain
                                             employees in connection
                                             with certain business combinations, (3)
                                             foreign exchange losses adjusted for
                                             reduction in income
                                             tax attributable to foreign exchange
                                             losses and (4) amortization of debt
                                             discount related to our
                                             convertible debt adjusted for the
                                             related reduction in income tax
    </li>
    <li><strong>Adjusted net income margin</strong> means adjusted net income <u>divided</u>
                                                    by U.S.
                                                    GAAP revenues
    </li>
    <li><strong>Adjusted ex-TAC net income margin</strong> means adjusted net income
        <u>divided</u> by
                                                           ex-TAC revenues
    </li>
</ul>
<p>These non-GAAP financial measures are used by management for evaluating financial
   performance as well
   as decision-making. Management believes that these metrics reflect the organic,
   core operating
   performance of the company, and therefore are useful to analysts and investors in
   providing
   supplemental information that helps them understand, model and forecast the
   evolution of our
   operating business.</p>
<p>Although our management uses these non-GAAP financial measures for operational
   decision-making and
   considers these financial measures to be useful for analysts and investors, we
   recognize that there
   are a number of limitations related to such measures. In particular, it should be
   noted that several
   of these measures exclude some recurring costs, particularly share-based
   compensation. In addition,
   the components of the costs that we exclude in our calculation of the measures
   described above may
   differ from the components that our peer companies exclude when they report their
   results of
   operations.</p>
<p>Below we describe why we make particular adjustments to certain U.S. GAAP
   financial measures:</p>
<p><em><em>TAC</em></em></p>
<p>We believe that it may be useful for investors and analysts to review certain
   measures both in
   accordance with U.S. GAAP and net of the effect of TAC, which we view as
   comparable to sales
   commissions and bonuses but, unlike sales commissions and bonuses, are not
   deducted from U.S. GAAP
   revenues. By presenting revenue, adjusted EBITDA margin and adjusted net income
   margin net of TAC,
   we believe that investors and analysts are able to obtain a clearer picture of
   our business without
   the impact of the revenues we share with our partners.</p>
<p><em><em>SBC</em></em></p>
<p>SBC is a significant expense item, and an important part of our compensation and
   incentive programs.
   As it is a non-cash charge, however, and highly dependent on our share price at
   the time of equity
   award grants, we believe that it is useful for investors and analysts to see
   certain financial
   measures excluding the impact of these charges in order to obtain a clearer
   picture of our operating
   performance.</p>
<p><em><em>Acquisition-related costs</em></em></p>
<p>We may incur expenses in connection with acquisitions that are not indicative of
   our recurring core
   operating performance. In particular, we are required under U.S. GAAP to accrue
   as expense the
   contingent compensation that is payable to certain employees in connection with
   certain business
   combinations. We eliminate these acquisition-related expenses from adjusted
   EBITDA and adjusted net
   income to provide management and investors a tool for comparing on a
   period-to-period basis our
   operating performance in the ordinary course of operations.</p>
<p><em><em>Foreign exchange losses</em></em></p>
<p>Because we hold significant assets and liabilities in currencies other than our
   Russian ruble
   operating currency, and because foreign exchange fluctuations are outside of our
   operational
   control, we believe that it is useful to present adjusted net income and related
   margin measures
   excluding these effects, in order to provide greater clarity regarding our
   operating performance.
</p>
<p><em><em>Amortization of debt discount</em></em></p>
<p>We also adjust net income for interest expense representing amortization of the
   debt discount related
   to our convertible notes issued in Q4 2013 and Q1 2014 which matured in Q4 2018.
   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>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>
<br/>
<br/>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Balance Sheets</strong>
</p>
<p align="center"><strong>(in millions of Russian rubles and U.S. dollars, except
                          share and per share
                          data)</strong></p>
<table style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="8"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>As of</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>December&nbsp;31,</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>March&nbsp;31,&nbsp;</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>March&nbsp;31,&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2018*</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong>&nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>ASSETS</strong></strong></td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Current assets:</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;68,798
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;53,825
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;831.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Term deposits</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;19,809
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;306.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;14,570
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;15,137
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;233.8
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Prepaid expenses</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,119
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,436
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;37.7
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Funds receivable, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,217
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,202
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;34.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other current assets</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;4,177
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;6,487
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;100.2
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total current assets</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;91,881
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;99,896
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,543.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Property and equipment, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;39,740
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;43,013
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;664.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating lease right-of-use assets
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;16,944
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;16,661
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;257.4
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Intangible assets, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;11,545
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;11,257
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;173.9
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Non-current content assets, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;335
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,107
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;17.1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Goodwill</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;52,662
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;52,967
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;818.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Long-term prepaid expenses</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,800
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,135
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;32.9
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in non-marketable equity
                                              securities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;36,484
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;35,768
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;552.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred tax assets</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;3,523
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,875
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;44.4
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other non-current assets</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;3,473
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,894
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;44.7
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>TOTAL ASSETS</strong></strong>
        </td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;258,387</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;268,573</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;4,148.8</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>LIABILITIES AND
                                                              SHAREHOLDERS’
                                                              EQUITY</strong></strong>
        </td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Current liabilities:</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts payable and accrued
                                              liabilities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;22,550
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;30,085
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;464.8
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income and non-income taxes payable
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;4,059
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;5,761
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;89.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred revenue</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,792
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,546
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;39.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total current liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;29,401
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;38,392
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;593.1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred tax liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,572
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,020
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;31.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating lease liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;12,204
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;10,443
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;161.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other accrued liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;569
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;798
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;12.3
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;43,746
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;51,653
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;797.9
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Commitments and contingencies</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Redeemable noncontrolling interests
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;13,035
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;13,050
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;201.6
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Shareholders’ equity:</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Priority share: €1.00 par value; 1
                                              share authorized,
                                              issued and outstanding
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            —
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            —
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            —
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Preference shares: €0.01 par value;
                                              1,000,000,001
                                              shares authorized, nil shares issued
                                              and outstanding
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            —
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            —
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            —
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Ordinary shares: par value (Class A
                                              €0.01, Class B
                                              €0.10 and Class C €0.09); shares
                                              authorized<br> (Class A:
                                              1,000,000,000, Class B:
                                              46,997,887 and Class C: 46,997,887);
                                              shares issued <br>(Class A:
                                              292,437,655 and
                                              292,567,655, Class B: 37,878,658 and
                                              37,748,658, and Class C: nil and
                                              130,000,
                                              respectively);<br> shares outstanding
                                              (Class A: 286,848,365 and 287,908,815,
                                              Class B:
                                              37,878,658 and 37,748,658, and Class
                                              C: nil)
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;263
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;263
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;4.1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Treasury shares at cost (Class A:
                                              5,589,290 and
                                              4,658,840, respectively)
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(10,769
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(9,278
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(143.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Additional paid-in capital</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;69,729
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;70,366
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,087.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accumulated other comprehensive
                                              income
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;8,182
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;5,854
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;90.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Retained earnings</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;111,465
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;114,916
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,775.2
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total equity attributable to Yandex
                                              N.V.
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;178,870
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;182,121
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,813.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Noncontrolling interests</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;22,736
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;21,749
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;336.0
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total shareholders’ equity</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;201,606
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;203,870
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;3,149.3
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>TOTAL LIABILITIES AND
                                                              SHAREHOLDERS’
                                                              EQUITY</strong></strong>
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;258,387</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;268,573</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;4,148.8</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
</tbody>
</table>
<p>*&nbsp;<em><em>&nbsp;&nbsp;&nbsp;&nbsp;Derived from audited consolidated financial statements except for restatement of balances due to adoption of ASC 842 Leases,
                  which required the recognition of right-of-use assets and lease
                  liabilities for operating leases.</em></em></p>
<p><br></p>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of
                          Income</strong></p>
<p align="center"><strong>(in millions of Russian rubles and U.S. dollars, except
                          share and per share
                          data)</strong></p>
<table style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="8"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>Three months ended
                            March&nbsp;31,&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2018</strong></strong>&nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong>&nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Revenues</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            26,573
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            37,284
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            576.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating costs and expenses:</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues(1)</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,712
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11,585
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            179.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development(1)</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,803
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,706
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            103.6
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and administrative(1)
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            8,009
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            10,351
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            159.9
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation and amortization</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2,890
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,257
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            50.3
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total operating costs and expenses
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            23,414
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            31,899
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            492.8
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income from operations</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,159
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,385
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            83.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest income</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            708
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            827
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            12.8
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest expense</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(221
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income/(loss) from equity method
                                              investments
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;91
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(638
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(9.9
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other loss, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(491
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(235
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(3.6
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income before income taxes</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,246
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,338
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            82.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income tax expense</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,395
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2,214
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            34.2
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,851
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,124
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            48.3
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net loss attributable to
                                              noncontrolling interests
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;529
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            398
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6.1
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income attributable to Yandex
                                              N.V.
        </td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2,380</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>3,522</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>54.4</strong></strong></td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income per Class&nbsp;A and Class&nbsp;B
                                              share:
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Basic</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            7.28
        </td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            10.83
        </td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            0.17
        </td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Diluted</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            7.10
        </td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            10.59
        </td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            0.16
        </td>
        <td
                style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Weighted average number of Class A and
                                              Class B shares
                                              outstanding
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Basic</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            327,066,686
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            325,140,744
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            325,140,744
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Diluted</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            335,239,879
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            332,713,737
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            332,713,737
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td colspan="2" style="text-align: right ;  vertical-align: middle; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="text-align: right ;  vertical-align: middle; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="text-align: right ;  vertical-align: middle; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="">&nbsp;</td>
        <td style="">&nbsp;</td>
        <td colspan="2" style="">&nbsp;</td>
        <td style="">&nbsp;</td>
        <td colspan="2" style="">&nbsp;</td>
        <td style="">&nbsp;</td>
        <td colspan="2" style="">&nbsp;</td>
    </tr>
</tbody>
</table>
<p>(1) These balances exclude depreciation and amortization expenses, which are
   presented separately,
   and include share-based compensation expenses of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>
<table style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
    <tr>
        <td style="vertical-align: bottom ; width: 62%">Cost of revenues</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
            style="text-align: right ;  vertical-align: middle; vertical-align:
            bottom ; width: 11%">
            36
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align:
        bottom ; width: 11%">
            &nbsp;&nbsp;68
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align:
        bottom ; width: 11%">
            &nbsp;&nbsp;1.1
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,146
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,432
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            22.1
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and administrative</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            451
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            619
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            9.5
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
</tbody>
</table>
<p><br></p>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
                          Flows</strong><br><strong>(in millions of Russian rubles
                                                    and U.S. dollars) </strong></p>
<table style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="8"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>Three months ended
                            March&nbsp;31,&nbsp;</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2018</strong></strong>&nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong>&nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong>&nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">CASH FLOWS PROVIDED BY OPERATING
                                              ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,851
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;3,124
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;48.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Adjustments to reconcile net income to
                                              net cash
                                              provided by operating activities:
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation of property and
                                              equipment
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,352
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,640
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;40.8
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of intangible assets</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;538
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;617
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;9.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of debt discount and
                                              issuance costs
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;170
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Share-based compensation expense</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,633
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;2,119
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;32.7
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred income taxes</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(711
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;988
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;15.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Foreign exchange losses</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;482
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;279
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;4.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">(Income)/loss from equity method
                                              investments
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(91
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;638
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;9.9
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(59
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;4
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;0.1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Changes in operating assets and
                                              liabilities excluding
                                              the effect of acquisitions:
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(405
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(668
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(10.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Prepaid expenses and other assets</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(378
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(3,138
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(48.6
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts payable and accrued
                                              liabilities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;65
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;4,146
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;64.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred revenue</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(260
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(222
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(3.4
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net cash provided by operating
                                              activities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;5,187</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;10,527</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;162.6</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">CASH FLOWS USED IN INVESTING
                                              ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Purchases of property and equipment
                                              and intangible
                                              assets
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(1,156
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(1,981
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(30.6
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from sale of property and
                                              equipment
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;17
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;7
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;0.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Acquisitions of businesses, net of
                                              cash acquired
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;20,763
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(347
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(5.4
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in non-marketable equity
                                              securities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(101
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in term deposits</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(44,639
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(20,000
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(309.0
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Maturities of term deposits</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;23,652
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loans granted, net of proceeds from
                                              repayments
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(141
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net cash used in investing
                                              activities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(1,605</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(22,321</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(344.8</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">CASH FLOWS USED IN FINANCING
                                              ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from exercise of share
                                              options
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;52
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;31
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;0.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchase of equity awards</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(25
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(0.4
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from sale of noncontrolling
                                              interests
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;-
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;20
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;0.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Payment for contingent consideration
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(485
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(33
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(0.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other financing activities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(19
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(32
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(0.5
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net cash used in financing
                                              activities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(452</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(39</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(0.6</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Effect of exchange rate changes on
                                              cash and cash
                                              balances
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;251
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(3,184
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;(49.1
        </td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net change in cash and cash balances
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;3,381</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(15,017</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;(231.9</strong></strong></td>
        <td
                style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances at beginning of
                                              period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;43,231
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;68,886
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,064.1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances at end of
                                              period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;46,612
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;53,869
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;832.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>Reconciliation of cash
                                                              and cash
                                                              balances:</strong></strong>
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents, beginning
                                              of period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;42,662
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;68,798
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,062.8
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Restricted cash, beginning of period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;569
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;88
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1.3
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances, beginning of
                                              period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;43,231
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;68,886
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;1,064.1
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents, end of
                                              period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;46,443
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;53,825
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;831.5
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Restricted cash, end of period</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;169
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;44
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;0.7
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances, end of
                                              period
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;46,612
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;53,869
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td
                style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;832.2
        </td>
        <td
                style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td colspan="10" style="vertical-align: bottom ; "><em><em>&nbsp;</em></em>
        </td>
    </tr>
    <tr>
        <td colspan="10" style="vertical-align: bottom ; "><em><em>&nbsp;</em></em>
        </td>
    </tr>
</tbody>
</table>
<p align="center"><strong>YANDEX N.V.</strong></p>
<p align="center"><strong>RECONCILIATIONS OF NON-GAAP FINANCIAL
                          MEASURES</strong><br><strong>TO THE
                                                       NEAREST COMPARABLE U.S. GAAP
                                                       MEASURES</strong></p>
<p align="center"><strong>Reconciliation of Ex-TAC Revenues to U.S. GAAP
                          Revenues</strong></p>
<table class="table_yandex">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" bgcolor="white"><p align="center">
            Three months ended March&nbsp;31,&nbsp;</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" bgcolor="white"><p align="center">2018</p></td>
        <td width="15%" height="18" bgcolor="white"><p align="center">2019</p></td>
        <td width="15%" height="18" bgcolor="white"><p align="center">
            <em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18"><p>Total revenues</p></td>
        <td width="15%" height="18"><p align="right">&nbsp;26,573</p></td>
        <td width="15%" height="18"><p align="right">&nbsp;37,284</p></td>
        <td width="15%" height="18"><p align="right"><em>40%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18"><p>Less: traffic acquisition costs (TAC)</p>
        </td>
        <td width="15%" height="18"><p align="right">&nbsp;4,317</p></td>
        <td width="15%" height="18"><p align="right">&nbsp;5,342</p></td>
        <td width="15%" height="18"><p align="right"><em>24%</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18"><p>Ex-TAC revenues</p></td>
        <td width="15%" height="18"><p align="right">&nbsp;22,256</p></td>
        <td width="15%" height="18"><p align="right">&nbsp;31,942</p></td>
        <td width="15%" height="18"><p align="right"><em>44%</em></p></td>
    </tr>
</tbody>
</table>
<br>
<p align="center"><strong>Reconciliation of Adjusted EBITDA to U.S. GAAP Net
                          Income</strong></p>
<table class="table_yandex">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Net income</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,851</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,124</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>69%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add:</em> depreciation
                                                                     and
                                                                     amortization
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;2,890</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,257</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>13%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add:</em> share-based
                                                                     compensation
                                                                     expense</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,633</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;2,119</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>30%</em>
        </p></td>
    </tr>
    <tr height="29">
        <td width="53%" height="29" valign="bottom"><p><em>Add:</em> compensation
                                                                     expense related
                                                                     to contingent
                                                                     consideration
        </p></td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;22</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;7</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right"><em>-68%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Less: </em>interest
                                                                      income</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;(708)</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;(827)</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>17%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add:</em> interest
                                                                     expense</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;221</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>-100%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Less:</em> (income)/loss
                                                                      from equity
                                                                      method
                                                                      investments
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;(91)</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;638</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>n/m</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add: </em>other loss, net
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;491</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;235</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>-52%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add: </em>income tax
                                                                     expense</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,395</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;2,214</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>59%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Adjusted EBITDA</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;7,704</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">
            &nbsp;10,768</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>40%</em>
        </p></td>
    </tr>
</tbody>
</table>
<p align="center"><strong>Reconciliation of Adjusted Net Income to U.S. GAAP Net
                          Income</strong></p>
<table class="table_yandex">
<tbody>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><em>In RUB millions</em></p>
        </td>
        <td width="46%" colspan="3" height="18" valign="bottom" bgcolor="white">
            <p align="center">Three months ended March&nbsp;31,</p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" bgcolor="white"><p><strong>&nbsp;</strong></p>
        </td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2018</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center">2019</p></td>
        <td width="15%" height="18" valign="bottom" bgcolor="white">
            <p align="center"><em>Change</em></p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Net income</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,851</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;3,124</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>69%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add: </em>SBC expense</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;1,633</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;2,119</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>30%</em>
        </p></td>
    </tr>
    <tr height="29">
        <td width="53%" height="29" valign="bottom"><p><em>Less:</em> reduction in
                                                                      income tax
                                                                      attributable
                                                                      to SBC expense
        </p></td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;(20)</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;(18)</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right"><em>-10%</em>
        </p></td>
    </tr>
    <tr height="29">
        <td width="53%" height="29" valign="bottom"><p><em>Add:</em> compensation
                                                                     expense related
                                                                     to contingent
                                                                     consideration
        </p></td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;22</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;7</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right"><em>-68%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add: </em>foreign
                                                                     exchange losses
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;482</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;279</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>-42%</em>
        </p></td>
    </tr>
    <tr height="29">
        <td width="53%" height="29" valign="bottom"><p><em>Less: </em>reduction in
                                                                      income tax
                                                                      attributable
                                                                      to foreign
                                                                      exchange
                                                                      losses</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;(86)</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;(71)</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right"><em>-17%</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p><em>Add:</em> amortization of
                                                                     debt discount
        </p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;170</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;-</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>n/m</em>
        </p></td>
    </tr>
    <tr height="29">
        <td width="53%" height="29" valign="bottom"><p><em>Less:</em> reduction in
                                                                      income tax
                                                                      attributable
                                                                      to
                                                                      amortization
                                                                      of debt
                                                                      discount</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;(43)</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right">&nbsp;-</p>
        </td>
        <td width="15%" height="29" valign="bottom"><p align="right"><em>n/m</em>
        </p></td>
    </tr>
    <tr height="18">
        <td width="53%" height="18" valign="bottom"><p>Adjusted net income</p></td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;4,009</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right">&nbsp;5,440</p>
        </td>
        <td width="15%" height="18" valign="bottom"><p align="right"><em>36%</em>
        </p></td>
    </tr>
</tbody>
</table>
<br>
<p 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="table_yandex table_yandex_rec">
<tbody>
    <tr>
        <td colspan="2" width="43%" valign="bottom" bgcolor="white"><p><em>In RUB
                                                                           millions
        </em>
        </p></td>
        <td colspan="6" width="8%" valign="bottom" bgcolor="white"><p><strong>
            &nbsp;</strong>
        </p></td>
    </tr>
    <tr height="65">
        <td width="44%" colspan="2" height="65" valign="bottom" bgcolor="white">
            <p></p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white">
            <p align="center">U.S. GAAP Actual Net Income</p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white">
            <p align="center">Net Income Margin (1)</p></td>
        <td width="10%" height="65" valign="bottom" bgcolor="white">
            <p align="center">Adjustment (2)</p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white">
            <p align="center">Adjusted EBITDA</p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white">
            <p align="center">Adjusted EBITDA Margin (3)</p></td>
        <td width="9%" height="65" valign="bottom" bgcolor="white">
            <p align="center">Adjusted Ex-TAC EBITDA Margin (4)</p></td>
    </tr>
    <tr height="18">
        <td width="44%" colspan="2" height="18" valign="bottom"><p>Three months
                                                                   ended March&nbsp;31,&nbsp;2019</p>
        </td>
        <td width="8%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            &nbsp;3,124</p></td>
        <td width="8%" height="18" valign="bottom"><p align="right">8.4%</p></td>
        <td width="10%" nowrap="nowrap" height="18" valign="bottom">
            <p align="right">&nbsp;7,644</p></td>
        <td width="8%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            &nbsp;10,768</p></td>
        <td width="8%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            28.9%</p></td>
        <td width="9%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            33.7%</p></td>
    </tr>
</tbody>
</table>
<hr style="border-bottom: 1px solid black">
<p><sup>(1)</sup> Net income margin is
   defined as net
   income divided by total revenues.<br><sup>(2)</sup> Adjusted to eliminate
   depreciation and
   amortization expense, SBC expense, expense related to contingent compensation,
   interest income,
   interest expense, (income)/loss from equity method investments, other loss, net
   and income tax
   expense. For a reconciliation of adjusted EBITDA to net income, please see the
   table
   above.<br><sup>(3)</sup> Adjusted EBITDA margin is defined as adjusted EBITDA
   divided by total
   revenues.<br><sup>(4)</sup> Adjusted ex-TAC EBITDA margin is defined as adjusted
   EBITDA divided by
   ex-TAC revenues. For a reconciliation of ex-TAC revenues to U.S. GAAP revenues,
   please see the table
   above.</p>
<br>
<p 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="table_yandex table_yandex_rec">
<tbody>
    <tr>
        <td width="43%" colspan="2" valign="bottom" bgcolor="white"><p><em>In RUB millions
        </em></p>
        </td>
        <td width="8%" colspan="6" valign="bottom" bgcolor="white"><p></p></td>
    </tr>
    <tr height="65">
        <td width="44%" colspan="2" height="65" valign="bottom" bgcolor="white"><p></p>
        </td>
        <td width="8%" height="65" valign="bottom" bgcolor="white"><p align="center">
            U.S. GAAP Actual Net Income</p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white"><p align="center">Net
                                                                                     Income
                                                                                     Margin
                                                                                     (1)</p>
        </td>
        <td width="10%" height="65" valign="bottom" bgcolor="white"><p align="center">
            Adjustment (2)</p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white"><p align="center">
            Adjusted Net Income</p></td>
        <td width="8%" height="65" valign="bottom" bgcolor="white"><p align="center">
            Adjusted Net Income Margin (3)</p></td>
        <td width="9%" height="65" valign="bottom" bgcolor="white"><p align="center">
            Adjusted Ex-TAC Net Income Margin (4)</p></td>
    </tr>
    <tr height="18">
        <td width="44%" colspan="2" height="18" valign="bottom"><p>Three months ended
                                                                   March&nbsp;31,&nbsp;2019</p>
        </td>
        <td width="8%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            &nbsp;3,124</p></td>
        <td width="8%" height="18" valign="bottom"><p align="right">8.4%</p></td>
        <td width="10%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            &nbsp;2,316</p></td>
        <td width="8%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            &nbsp;5,440</p></td>
        <td width="8%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            14.6%</p></td>
        <td width="9%" nowrap="nowrap" height="18" valign="bottom"><p align="right">
            17.0%</p></td>
    </tr>
</tbody>
</table>
<hr style="border-bottom: 1px solid black">
<p><sup>(1)</sup> Net income margin is
   defined as net
   income divided by total revenues.<br><sup>(2)</sup> Adjusted to eliminate SBC
   expense (as adjusted
   for the income tax reduction attributable to SBC expense), expense related to
   contingent
   compensation, foreign exchange losses as adjusted for the reduction in income tax
   attributable to
   the losses, and 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><sup>(3)</sup> Adjusted net income margin is defined as adjusted net
   income divided by
   total revenues.<br><sup>(4)</sup> 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><strong>Contacts:</strong></strong></p>
<p>Investor Relations<br>Katya Zhukova<br>Phone: +7 495 974-35-38<br>E-mail: <a
        href="mailto:askIR@yandex-team.ru" rel="nofollow" target="_blank">askIR@yandex-team.ru</a>&nbsp;
</p>
<p>Media Relations<br>Ilya Grabovskiy<br>Phone: +7 495 739-70-00<br>E-mail: <a
        href="mailto:pr@yandex-team.ru" rel="nofollow" target="_blank">pr@yandex-team.ru</a>&nbsp;
</p>
<p>
</p>
