<p style="text-align: center">
    <em>Q4 2019 Revenues were up 33% year-over-year and reached
        RUB 51.7 billion</em>
    <br>
    <em>FY 2019 Revenues excluding Yandex.Market grew 39%
        year-over-year and reached RUB 175.4 billion</em></p>

<p>MOSCOW and AMSTERDAM, the Netherlands, February 14, 2020 -- Yandex (NASDAQ
    and MOEX: YNDX), one of Europe's largest internet companies and the leading
    search provider in Russia, today announced its unaudited financial results
    for the fourth quarter and the full year ended December&nbsp;31, 2019.</p>

<h2>Q4 2019 Financial Highlights(1)(2)(3)</h2>

<p><strong>Q4 2019 consolidated financial results</strong></p>

<ul>
    <li>
        <p><strong>Revenues </strong>of RUB 51.7 billion ($835.1 million), up
            33% compared with Q4 2018</p>
    </li>
    <li>
        <p><strong>Net income</strong> of RUB&nbsp;0.3 billion ($4.5 million),
            down 95% compared with Q4 2018;<strong> </strong><strong>net income
                margin</strong><strong> </strong>of 0.5%</p>
    </li>
    <li>
        <p><strong>Adjusted net income</strong> of RUB&nbsp;5.4 billion ($87.2
            million), down 22% compared with Q4 2018; <strong>adjusted net
                income
                margin</strong><strong> </strong>of 10.4%</p>
    </li>
    <li>
        <p><strong>Adjusted EBITDA</strong><strong> </strong>of RUB 13.2 billion
            ($213.7 million), up 7% compared with Q4 2018; <strong>adjusted
                EBITDA
                margin</strong><strong> </strong>of 25.6%</p>
    </li>
</ul>
<h2>FY 2019 Financial Highlights(1)(2)(3)</h2>

<p><strong>FY 2019 consolidated financial results</strong></p>

<ul>
    <li>
        <p><strong>Revenues</strong> of RUB 175.4 billion ($2,833.2 million), up
            37% compared with FY 2018</p>
        <ul style="margin-left: 40px">
            <li>
                <p><strong>Revenues excluding Yandex.Market </strong>were up 39%
                    compared with FY 2018</p>
            </li>
        </ul>
    </li>
    <li>
        <p><strong>Net income</strong> of RUB&nbsp;11.2 billion ($180.9
            million), down 75% compared with FY 2018; <strong>net income
                margin </strong>of 6.4%</p>
    </li>
    <li>
        <p><strong>Adjusted net income </strong>of<strong>
            </strong>RUB&nbsp;23.5
            billion ($380.3 million), up 6% compared with FY 2018;
            <strong>adjusted
                net income margin</strong> of 13.4%</p>
    </li>
    <li>
        <p><strong>Adjusted EBITDA</strong> of RUB 51.0 billion ($824.1
            million), up 29% compared with FY 2018; <strong>adjusted EBITDA
                margin</strong><strong> </strong>of 29.1%</p>
    </li>
</ul>
<p style="margin-top: 23px"><strong>Cash, cash equivalents and term deposits as
        of December&nbsp;31,
        2019:</strong></p>
<ul>
    <li>
        <p>RUB 88.3 billion ($1,426.5 million) on a consolidated basis</p>
    </li>
    <li>
        <p>Of which RUB 24.4 billion ($394.4 million) related to Taxi
            segment</p>
    </li>
</ul>
<h2>Q4 2019 Operational and Corporate Highlights</h2>

<p><strong>Search</strong></p>
<ul>
    <li>
        <p><strong>Share of Russian search market,</strong> including mobile,
            averaged 57.5% in Q4 2019, up from 56.5% in Q4 2018 and 56.6% in Q3
            2019, according to Yandex.Radar</p>
    </li>
    <li>
        <p><strong>Search share on Android</strong> in Russia was 54.3% in Q4
            2019, up from 49.5% in Q4 2018 and 52.8% in Q3 2019, according to
            Yandex.Radar</p>
    </li>
    <li>
        <p><strong>Search queries</strong> in Russia grew 7% compared with Q4
            2018</p>
    </li>
    <li>
        <p><strong>Paid clicks</strong> on Yandex’s and its partners’ websites,
            in aggregate, increased 20% compared with Q4 2018</p>
    </li>
    <li>
        <p>Average <strong>cost per click</strong> decreased 3% compared with Q4
            2018</p>
    </li>
</ul>
<p style="margin-top: 23px"><strong>Business Units and Experiments</strong></p>
<ul>
    <li>
        <p><strong>Number of rides in the Taxi service </strong>grew 49%
            year-on-year compared with Q4 2018</p>
    </li>
    <li>
        <p>Number of <strong>Yandex.Music subscribers</strong> was 3.1
            million as
            of the end of December 2019</p>
    </li>
    <li>
        <p>Our <strong>self-driving cars</strong> accumulated 2 million miles to
            date, driven in an autonomous mode</p>
    </li>
</ul>
<p style="margin-top: 23px"><strong>Corporate</strong></p>
<ul>
    <li>Shareholders approved a restructuring of our corporate governance in December</li>
    <li>
        <p>Yandex repurchased 460 thousand Class A shares from public
            shareholders in Q4 2019, as part of the share repurchase program
            announced in Q4 2019</p>
    </li>
</ul>
<p>
    “2019 was an excellent year for us,” said Arkady Volozh, Chief Executive
    Officer of Yandex. “We demonstrated 39% year-on-year revenue growth on a
    like-for-like basis, with solid contributions from all of our businesses. We
    made incredible progress in the development of our world-class self-driving
    technology, which is now on par with global leaders in the space, and which
    we developed at a fraction of the cost. And we are well positioned for
    further innovation and ongoing growth of other outstanding businesses within
    our ecosystem, including our content feed product, Zen, as well as our newly
    launched hyperlocal convenience store delivery business, Lavka.”
</p>

<p>
    “In Q4 we delivered another solid set of results with revenue growth of
    33% year-on-year, or 38% on an ex-TAC basis,” said Greg Abovsky, Chief Operating
    Officer and Chief Financial Officer of Yandex. “We demonstrated profitability
    in our ride-hailing segment on an annual basis in 2019 and achieved record
    profitability in our Classifieds segment.”
</p>

<p>The following table provides a summary of our key
    <strong>consolidated financial</strong> results for the three and twelve
    months ended December&nbsp;31, 2018 and 2019, which includes Yandex.Market
    financial results through April 27, 2018, the date as of which that business
    was deconsolidated:</p>

<table class="table_yandex">
    <tr>
        <td width="317">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="279">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="279">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>
    <tr>
        <td width="317">

        </td>
        <td width="93">
            <p>
                <strong>2018*</strong></p>
        </td>
        <td width="93">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="93">
            <p><em>Change</em></p>
        </td>
        <td width="93">
            <p>
                <strong>2018*</strong></p>
        </td>
        <td width="93">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="93">
            <p><em>Change</em></p>
        </td>
    </tr>


    <tr>
        <td width="317">
            <p>Revenues</p>
        </td>
        <td width="93">
            <p align="RIGHT">38,842</p>
        </td>
        <td width="93">
            <p align="RIGHT">51,696</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>33%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">127,657</p>
        </td>
        <td width="93">
            <p align="RIGHT">175,391</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>37%</em></p>
        </td>
    </tr>


    <tr>
        <td width="317">
            <p>Revenues ex. Yandex.Market</p>
        </td>
        <td width="93">
            <p align="RIGHT">38,842</p>
        </td>
        <td width="93">
            <p align="RIGHT">51,696</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>33%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">126,430</p>
        </td>
        <td width="93">
            <p align="RIGHT">175,391</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>39%</em></p>
        </td>
    </tr>

    <tr>
        <td width="317">
            <p>Ex-TAC revenues<sup>2</sup></p>
        </td>
        <td width="93">
            <p align="RIGHT">32,678</p>
        </td>
        <td width="93">
            <p align="RIGHT">45,065</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>38%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">107,159</p>
        </td>
        <td width="93">
            <p align="RIGHT">152,067</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>42%</em></p>
        </td>
    </tr>


    <tr>
        <td width="317">
            <p>Income from operations</p>
        </td>
        <td width="93">
            <p align="RIGHT">7,462</p>
        </td>
        <td width="93">
            <p align="RIGHT">4,891</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>-34%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">20,842</p>
        </td>
        <td width="93">
            <p align="RIGHT">24,700</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>19%</em></p>
        </td>
    </tr>


    <tr>
        <td width="317">
            <p>Adjusted EBITDA<sup>2</sup></p>
        </td>
        <td width="93">
            <p align="RIGHT">12,314</p>
        </td>
        <td width="93">
            <p align="RIGHT">13,230</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>7%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">39,575</p>
        </td>
        <td width="93">
            <p align="RIGHT">51,014</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>29%</em></p>
        </td>
    </tr>


    <tr>
        <td width="317">
            <p>Net income</p>
        </td>
        <td width="93">
            <p align="RIGHT">5,398</p>
        </td>
        <td width="93">
            <p align="RIGHT">281</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>-95%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">44,258</p>
        </td>
        <td width="93">
            <p align="RIGHT">11,199</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>-75%</em></p>
        </td>
    </tr>


    <tr>
        <td width="317">
            <p>Adjusted net income<sup>2</sup></p>
        </td>
        <td width="93">
            <p align="RIGHT">6,941</p>
        </td>
        <td width="93">
            <p align="RIGHT">5,399</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>-22%</em></p>
        </td>
        <td width="93">
            <p align="RIGHT">22,124</p>
        </td>
        <td width="93">
            <p align="RIGHT">23,540</p>
        </td>
        <td width="93">
            <p align="RIGHT"><em>6%</em></p>
        </td>
    </tr>

</table>

<p><em>* Adjusted for restatement of operating costs and expenses and other
        income/(loss), net due to adoption of ASC 842 Leases</em></p>


        <p>(1) Pursuant to SEC rules regarding convenience translations, Russian
            ruble (RUB) amounts have been translated into U.S. dollars at a rate
            of
            RUB 61.9057 to $1.00, the official exchange rate quoted as of
            December
            31, 2019 by the Central Bank of the Russian Federation.</p>
        <p>(2) The following measures presented in this release are “non-GAAP
            financial measures”: ex-TAC revenues; adjusted EBITDA; adjusted
            EBITDA
            margin; adjusted ex-TAC EBITDA margin; adjusted net income; adjusted
            net
            income margin and adjusted ex-TAC net income margin. Please see the
            section headed “Use of Non-GAAP Financial Measures” below for a
            discussion of how we define these measures, as well as
            reconciliations
            at the end of this release of each of these measures to the most
            directly comparable U.S. GAAP measures.</p>

<p><br></p>
<p>Our segment disclosure is available in the Segment financial results section
    below Income from operations.</p>
<p><br></p>
<p><strong>Consolidated revenues breakdown</strong></p>

<table class="table_yandex">
    <tr>
        <td width="299">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="258" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="257" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>
    <tr>
        <td width="299">
            <p></p>
        </td>
        <td width="72" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="72" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="70" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>


    <tr>
        <td width="299" valign="BOTTOM">
            <p>Online advertising revenues:</p>
        </td>
        <td width="72">
            <p align="RIGHT"></p>
        </td>
        <td width="71">
            <p align="RIGHT"></p>
        </td>
        <td width="72">
            <p align="RIGHT"></p>
        </td>
        <td width="71">
            <p align="RIGHT"></p>
        </td>
        <td width="71">
            <p align="RIGHT"></p>
        </td>
        <td width="70">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="299">
            <p class="indent-1"><em>Yandex properties</em><sup><em>3</em></sup></p>
        </td>
        <td width="72">
            <p align="RIGHT">22,393</p>
        </td>
        <td width="71">
            <p align="RIGHT">27,589</p>
        </td>
        <td width="72">
            <p align="RIGHT"><em>23%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">78,696</p>
        </td>
        <td width="71">
            <p align="RIGHT">96,258</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>22%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="299">
            <p class="indent-1"><em>Advertising network</em></p>
        </td>
        <td width="72">
            <p align="RIGHT">7,105</p>
        </td>
        <td width="71">
            <p align="RIGHT">6,736</p>
        </td>
        <td width="72">
            <p align="RIGHT"><em>-5%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">24,041</p>
        </td>
        <td width="71">
            <p align="RIGHT">25,480</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>6%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="299">
            <p>Total online advertising revenues<sup>3</sup></p>
        </td>
        <td width="72">
            <p align="RIGHT">29,498</p>
        </td>
        <td width="71">
            <p align="RIGHT">34,325</p>
        </td>
        <td width="72">
            <p align="RIGHT"><em>16%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">102,737</p>
        </td>
        <td width="71">
            <p align="RIGHT">121,738</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>18%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="299">
            <p>Revenues related to Taxi segment</p>
        </td>
        <td width="72">
            <p align="RIGHT">6,924</p>
        </td>
        <td width="71">
            <p align="RIGHT">11,873</p>
        </td>
        <td width="72">
            <p align="RIGHT"><em>71%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">19,213</p>
        </td>
        <td width="71">
            <p align="RIGHT">37,931</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>97%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="299">
            <p>Other</p>
        </td>
        <td width="72">
            <p align="RIGHT">2,420</p>
        </td>
        <td width="71">
            <p align="RIGHT">5,498</p>
        </td>
        <td width="72">
            <p align="RIGHT"><em>127%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">5,707</p>
        </td>
        <td width="71">
            <p align="RIGHT">15,722</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>175%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="299">
            <p>Total revenues<sup>3</sup></p>
        </td>
        <td width="72">
            <p align="RIGHT">38,842</p>
        </td>
        <td width="71">
            <p align="RIGHT">51,696</p>
        </td>
        <td width="72">
            <p align="RIGHT"><em>33%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">127,657</p>
        </td>
        <td width="71">
            <p align="RIGHT">175,391</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>37%</em></p>
        </td>
    </tr>

</table>


<p>(3) <strong>Excluding Yandex.Market</strong> from financial results for
    the twelve months ended December&nbsp;31, 2018:</p>
<ul>
    <li>
        <p>Online advertising revenues related to Yandex properties grew
            25% year-on-year</p>
    </li>
    <li>
        <p>Total online advertising revenues grew 20% year-on-year</p>
    </li>
    <li>
        <p>Total revenues grew 39% year-on-year</p>
    </li>
</ul>

<p style="margin-top: 23px;"><strong>Online advertising revenues</strong> grew 16% in Q4 2019
    compared
    with Q4 2018 and generated 66% of total revenues. Online advertising
    revenues include revenues derived from performance and brand advertising on
    Yandex properties and in our advertising network.</p>
<p><strong>Online advertising revenues from Yandex properties</strong> increased
    23% in Q4 2019 compared with Q4 2018 and accounted for 53% of total
    revenues.</p>
<p><strong>Online advertising revenues from our advertising network</strong>
    decreased 5% in Q4 2019 compared with Q4 2018 and accounted for 13% of total
    revenues.</p>
<p><strong>Revenues related to Taxi segment</strong> grew 71% in Q4 2019
    compared with Q4 2018 and accounted for 23% of total revenues, compared with
    18% of total revenues in Q4 2018. This increase mainly reflected the growth
    of our ride-hailing business driven by increase in the number of rides,
    solid performance of our corporate Taxi business, which we recognize on a
    gross basis, as well as the growing contribution of our food tech services.
</p>
<p><strong>Other revenues</strong> grew 127% in Q4 2019 compared with Q4 2018
    and amounted to 11% of total revenues. The growth was primarily driven by
    our car-sharing service Yandex.Drive, subscription revenues of Media
    Services and our initiatives related to IoT (Internet of Things).</p>
<p><br></p>
<p><strong>Consolidated Operating Costs and Expenses</strong></p>
<p>Yandex’s operating costs and expenses consist of cost of revenues, product
    development expenses, sales, general and administrative expenses (SG&amp;A)
    and depreciation, amortization expenses (D&amp;A) and goodwill impairment.
    Apart from D&amp;A and goodwill impairment, 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 Q4 2019
    Yandex's headcount increased by 504 full-time employees. The total number of
    full-time employees was 10,092 as of December&nbsp;31, 2019, up by 5% compared
    with September 30, 2019, and up 15% from December&nbsp;31, 2018.</p>
<p><br></p>
<p><strong>Cost of revenues, including traffic acquisition costs (TAC)</strong>
</p>
<table class="table_yandex">
    <tr>
        <td width="285">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="248" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="248" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>
    <tr>
        <td width="285">
            <p></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>
    <tr valign="BOTTOM">
        <td width="285">
            <p>TAC:</p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
    </tr>
    <tr valign="BOTTOM">
        <td width="285">
            <p class="indent-1">Related to the Yandex advertising network</p>
        </td>
        <td width="68">
            <p align="RIGHT">4,406</p>
        </td>
        <td width="68">
            <p align="RIGHT">4,429</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>1%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT">14,785</p>
        </td>
        <td width="68">
            <p align="RIGHT">15,702</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>6%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p class="indent-1">Related to distribution partners</p>
        </td>
        <td width="68">
            <p align="RIGHT">1,758</p>
        </td>
        <td width="68">
            <p align="RIGHT">2,202</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>25%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT">5,713</p>
        </td>
        <td width="68">
            <p align="RIGHT">7,622</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>33%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p>Total TAC</p>
        </td>
        <td width="68">
            <p align="RIGHT">6,164</p>
        </td>
        <td width="68">
            <p align="RIGHT">6,631</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>8%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT">20,498</p>
        </td>
        <td width="68">
            <p align="RIGHT">23,324</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>14%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p class="indent-1"><em>Total TAC as a % of total revenues</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>15.9%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>12.8%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>16.1%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>13.3%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p>Costs related to Taxi segment</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>2,127</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>3,902</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>83%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>5,586</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>12,057</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>116%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p class="indent-1"><em>Costs related to Taxi segment as a % of
                    revenues</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>5.5%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>7.5%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>4.4%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>6.9%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p>Other cost of revenues</p>
        </td>
        <td width="68">
            <p align="RIGHT">3,566</p>
        </td>
        <td width="68">
            <p align="RIGHT">7,132</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>100%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT">9,809</p>
        </td>
        <td width="68">
            <p align="RIGHT">20,407</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>108%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p class="indent-1"><em>Other cost of revenues as a % of revenues</em>
            </p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>9.2%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>13.8%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>7.7%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>11.6%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p>Total cost of revenues</p>
        </td>
        <td width="68">
            <p align="RIGHT">11,857</p>
        </td>
        <td width="68">
            <p align="RIGHT">17,665</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>49%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT">35,893</p>
        </td>
        <td width="68">
            <p align="RIGHT">55,788</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>55%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="285">
            <p class="indent-1"><em>Total cost of revenues as a % of revenues</em>
            </p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>30.5%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>34.2%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>28.1%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>31.8%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
    </tr>
</table>

<p>TAC grew 8% in Q4 2019 compared with Q4 2018 and represented 12.8% of total
    revenues, 310 basis points lower than in Q4 2018 and flat compared with Q3
    2019 as a result of revenue mix effect.</p>
<p><strong>Costs related to Taxi segment </strong>increased 83% compared with Q4
    2018. The growth was mainly a result of the increase of costs related to our
    corporate Taxi offering, as well as due to the increase of the costs of
    goods sold (COGS) in our food tech services. We are the principal in
    transactions with our Taxi corporate clients, therefore, we recognize both
    revenues and cost of revenues on a gross basis. The increase of COGS in our
    food tech services primarily relates to the launch of Yandex.Lavka, our
    hyperlocal grocery delivery service, in Q4 2019.</p>
<p><strong>Other cost of revenues</strong> in Q4 2019 increased 100% compared
    with Q4 2018, mainly reflecting the growth of costs related to Yandex.Drive,
    our investments in content within Media Services and Search and Portal, as
    well as our IoT initiatives.</p>
<p><strong>Product development</strong></p>
<table class="table_yandex">
    <tr>
        <td width="289">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="252" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="252" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>
    <tr>
        <td width="289">
            <p></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="289">
            <p>Product development</p>
        </td>
        <td width="69">
            <p align="RIGHT">5,856</p>
        </td>
        <td width="69">
            <p align="RIGHT">8,101</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>38%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT">22,579</p>
        </td>
        <td width="69">
            <p align="RIGHT">29,209</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>29%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="289">
            <p class="indent-1"><em>As a % of revenues</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>15.2%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>15.6%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>17.7%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>16.7%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"></p>
        </td>
    </tr>

</table>
<p>Product development expenses grew 38% in Q4 2019 compared to Q4 2018,
    primarily reflecting new hires, salary and other personnel-related costs
    increases, as well as growth of share-based compensation in Q4 2019.</p>
<p><strong>Sales, general and administrative (SG&amp;A)</strong></p>
<table class="table_yandex">
    <tr>
        <td width="286">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="248" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="249" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>
    <tr>
        <td width="286">
            <p></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="68" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="286">
            <p>Sales, general and administrative</p>
        </td>
        <td width="68">
            <p align="RIGHT">10,464</p>
        </td>
        <td width="68">
            <p align="RIGHT">16,301</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>56%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT">36,206</p>
        </td>
        <td width="68">
            <p align="RIGHT">50,155</p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>39%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="286">
            <p class="indent-1"><em>As a % of revenues</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>26.9%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>31.5%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>28.4%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"><em>28.6%</em></p>
        </td>
        <td width="68">
            <p align="RIGHT"></p>
        </td>
    </tr>

</table>
<p>SG&amp;A expenses grew 56% in Q4 2019 compared to Q4 2018. The growth was
    mainly driven by the increase of personnel costs, growth of advertising and
    marketing expenses, as well as due to the increase of professional services
    costs as a result of a one-off expense of RUB 882 million related to our
    corporate restructuring. Excluding an impact of this one-off, SG&amp;A
    expenses grew 47% year-on-year in Q4 2019.</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">
    <tr>
        <td width="287">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="250" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="250" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>


    <tr>
        <td width="287">
            <p></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="287">
            <p>SBC expense included in cost of revenues</p>
        </td>
        <td width="69">
            <p align="RIGHT">54</p>
        </td>
        <td width="69">
            <p align="RIGHT">89</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>65%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT">180</p>
        </td>
        <td width="69">
            <p align="RIGHT">293</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>63%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="287">
            <p>SBC expense included in product development</p>
        </td>
        <td width="69">
            <p align="RIGHT">1,107</p>
        </td>
        <td width="69">
            <p align="RIGHT">1,620</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>46%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT">4,450</p>
        </td>
        <td width="69">
            <p align="RIGHT">6,294</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>41%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="287">
            <p>SBC expense included in SG&amp;A</p>
        </td>
        <td width="69">
            <p align="RIGHT">481</p>
        </td>
        <td width="69">
            <p align="RIGHT">1,010</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>110%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT">1,922</p>
        </td>
        <td width="69">
            <p align="RIGHT">3,268</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>70%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="287">
            <p>Total SBC expense</p>
        </td>
        <td width="69">
            <p align="RIGHT">1,642</p>
        </td>
        <td width="69">
            <p align="RIGHT">2,719</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>66%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT">6,552</p>
        </td>
        <td width="69">
            <p align="RIGHT">9,855</p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>50%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="287">
            <p class="indent-1"><em>As a % of revenues</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>4.2%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>5.3%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>5.1%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"><em>5.6%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT"></p>
        </td>
    </tr>

</table>
<p>Total SBC expense increased 66% in Q4 2019 compared with Q4 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">
    <tr>
        <td width="295">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="257" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="257" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>
    <tr>
        <td width="295">
            <p></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="71" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="295">
            <p>Depreciation and amortization</p>
        </td>
        <td width="71">
            <p align="RIGHT">3,203</p>
        </td>
        <td width="71">
            <p align="RIGHT">3,976</p>
        </td>
        <td width="71">
            <p align="RIGHT"><em>24%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT">12,137</p>
        </td>
        <td width="71">
            <p align="RIGHT">14,777</p>
        </td>
        <td width="71">
            <p align="RIGHT"><em>22%</em></p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="295">
            <p class="indent-1"><em>As a % of revenues</em></p>
        </td>
        <td width="71">
            <p align="RIGHT"><em>8.2%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT"><em>7.7%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT"></p>
        </td>
        <td width="71">
            <p align="RIGHT"><em>9.5%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT"><em>8.4%</em></p>
        </td>
        <td width="71">
            <p align="RIGHT"></p>
        </td>
    </tr>

</table>
<p>D&amp;A expense increased 24% in Q4 2019 compared with Q4 2018. The D&amp;A
    expense increase was mainly driven by our investments in servers and data
    center equipment, expansion of Yandex.Drive’s car-sharing fleet, as well as
    by costs related to purchases of office equipment. We have both operating
    and finance leases in Yandex.Drive. According to the ASC 842 rules, we
    divide lease payments under finance leases into the interest and
    amortization components and recognize the latter under D&amp;A expense. In
    addition, we depreciate the cost of certain equipment that we install on
    Yandex.Drive’s cars, such as infotaintment systems and telematics.</p>
<p><strong>Income from operations</strong></p>
<table class="table_yandex">
    <tr>
        <td width="101">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="441" valign="BOTTOM">
            <p><strong>Three months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
        <td colspan="3" width="252" valign="BOTTOM">
            <p><strong>Twelve months ended
                    December&nbsp;31,&nbsp;</strong>
            </p>
        </td>
    </tr>


    <tr>
        <td width="101">
            <p></p>
        </td>
        <td width="258" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="70" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="69" valign="BOTTOM">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="70" valign="BOTTOM">
            <p><em>Change</em>
            </p>
        </td>
    </tr>


    <tr valign="BOTTOM">
        <td width="101">
            <p>Income from operations</p>
        </td>
        <td width="258">
            <p align="RIGHT">7,462</p>
        </td>
        <td width="69">
            <p align="RIGHT">4,891</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>-34%</em></p>
        </td>
        <td width="69">
            <p align="RIGHT">20,842</p>
        </td>
        <td width="69">
            <p align="RIGHT">24,700</p>
        </td>
        <td width="70">
            <p align="RIGHT"><em>19%</em></p>
        </td>
    </tr>

</table>
<p>Income from operations decreased 34% in Q4 2019 compared with Q4 2018. The
    decrease primarily reflects the growth of SG&amp;A costs which were impacted
    by a one-off cost of RUB 882 million for professional services related to
    our corporate restructuring incurred in Q4 2019 as well as Food Party
    goodwill impairment of RUB 762 million.</p>
<p><strong>Segment financial results</strong></p>
<p><strong>Search &amp; Portal</strong></p>
<p>Search and Portal segment offers a broad range of services in Russia,
    Belarus, Kazakhstan and Uzbekistan.</p>
<table class="table_yandex">
    <tr>
        <td width="278">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="303">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="294">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p></p>
        </td>
        <td width="101">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="0">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="202">
            <p><em>Change</em></p>
        </td>
        <td width="98">
            <p><strong>2018</strong>
            </p>
        </td>
        <td width="98">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="98">
            <p><em>Change</em></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p><strong>Revenues:</strong></p>
        </td>
        <td width="101">
            <p></p>
        </td>
        <td width="0">
            <p></p>
        </td>
        <td width="202">
            <p></p>
        </td>
        <td width="98">
            <p></p>
        </td>
        <td width="98">
            <p></p>
        </td>
        <td width="98">
            <p></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p class="indent-1">Search and Portal</p>
        </td>
        <td width="101">
            <p align="RIGHT">29,671</p>
        </td>
        <td width="0">
            <p align="RIGHT">34,463</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>16%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">101,021</p>
        </td>
        <td width="98">
            <p align="RIGHT">121,834</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>21%</em></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p class="indent-1">Search and Portal, excluding
                IoT*</p>
        </td>
        <td width="101">
            <p align="RIGHT">29,376</p>
        </td>
        <td width="0">
            <p align="RIGHT">33,676</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>15%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">100,711</p>
        </td>
        <td width="98">
            <p align="RIGHT">120,356</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>20%</em></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p><strong>Adjusted EBITDA:</strong>
            </p>
        </td>
        <td width="101">
            <p align="RIGHT"></p>
        </td>
        <td width="0">
            <p align="RIGHT"></p>
        </td>
        <td width="202">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p class="indent-1">Search and Portal</p>
        </td>
        <td width="101">
            <p align="RIGHT">13,424</p>
        </td>
        <td width="0">
            <p align="RIGHT">15,102</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>13%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">48,232</p>
        </td>
        <td width="98">
            <p align="RIGHT">57,163</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>19%</em></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p class="indent-1">Search and Portal, excluding
                IoT*</p>
        </td>
        <td width="101">
            <p align="RIGHT">13,648</p>
        </td>
        <td width="0">
            <p align="RIGHT">15,459</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>13%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">48,604</p>
        </td>
        <td width="98">
            <p align="RIGHT">58,015</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>19%</em></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p><strong>Adjusted EBITDA
                    margin:</strong></p>
        </td>
        <td width="101" valign="BOTTOM">
            <p></p>
        </td>
        <td width="0" valign="BOTTOM">
            <p></p>
        </td>
        <td width="202">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p class="indent-1">Search and Portal</p>
        </td>
        <td width="101">
            <p align="RIGHT">45.2%</p>
        </td>
        <td width="0">
            <p align="RIGHT">43.8%</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>-1.4%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">47.7%</p>
        </td>
        <td width="98">
            <p align="RIGHT">46.9%</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>-0.8%</em></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p class="indent-1">Search and Portal, excluding
                IoT*</p>
        </td>
        <td width="101">
            <p align="RIGHT">46.5%</p>
        </td>
        <td width="0">
            <p align="RIGHT">45.9%</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>-0.6%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">48.3%</p>
        </td>
        <td width="98">
            <p align="RIGHT">48.2%</p>
        </td>
        <td width="98">
            <p align="RIGHT">-0.1%</p>
        </td>
    </tr>

</table>
<p><em>*IoT stands for Internet of Things</em></p>
<p><strong>Taxi</strong></p>
<p>Taxi segment includes our Ride-hailing business (including Yandex.Taxi and
    Uber in Russia and neighboring countries), FoodTech business (including
    Yandex.EATs, Yandex.Chef, a meal kit subscription service, and Yandex.Lavka,
    a hyperlocal grocery delivery service) and our Self-Driving Cars (“SDC”)
    division.</p>
<table class="table_yandex">
    <tr>
        <td width="314">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="287">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="274">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>
    <tr>
        <td width="314">
            <p></p>
        </td>
        <td width="98">
            <p>
                <strong>2018*</strong></p>
        </td>
        <td width="98">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="91">
            <p><em>Change</em></p>
        </td>
        <td width="91">
            <p>
                <strong>2018*</strong></p>
        </td>
        <td width="91">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="91">
            <p><em>Change</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p><strong>Revenues:</strong></p>
        </td>
        <td width="98">
            <p></p>
        </td>
        <td width="98">
            <p></p>
        </td>
        <td width="91">
            <p></p>
        </td>
        <td width="91">
            <p></p>
        </td>
        <td width="91">
            <p></p>
        </td>
        <td width="91">
            <p></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p class="indent-1">Ride-hailing &amp; FoodTech</p>
        </td>
        <td width="98">
            <p align="RIGHT">6,924</p>
        </td>
        <td width="98">
            <p align="RIGHT">11,942</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>72%</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">19,213</p>
        </td>
        <td width="91">
            <p align="RIGHT">38,045</p>
        </td>
        <td width="91">
            <p align="RIGHT">98%</p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p class="indent-1">SDC</p>
        </td>
        <td width="98">
            <p align="RIGHT">-</p>
        </td>
        <td width="98">
            <p align="RIGHT">-</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">-</p>
        </td>
        <td width="91">
            <p align="RIGHT">-</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p>Total revenues</p>
        </td>
        <td width="98">
            <p align="RIGHT">6,924</p>
        </td>
        <td width="98">
            <p align="RIGHT">11,942</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>72%</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">19,213</p>
        </td>
        <td width="91">
            <p align="RIGHT">38,045</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>98%</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p><strong>Adjusted EBITDA:</strong>
            </p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p class="indent-1">Ride-hailing &amp; FoodTech</p>
        </td>
        <td width="98">
            <p align="RIGHT">45</p>
        </td>
        <td width="98">
            <p align="RIGHT">826</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">(3,920)</p>
        </td>
        <td width="91">
            <p align="RIGHT">2,253</p>
        </td>
        <td width="91">
            <p align="RIGHT">n/m</p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p class="indent-1">SDC</p>
        </td>
        <td width="98">
            <p align="RIGHT">(174)</p>
        </td>
        <td width="98">
            <p align="RIGHT">(555)</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>219%</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">(514)</p>
        </td>
        <td width="91">
            <p align="RIGHT">(1,505)</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>193%</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p>Total Adjusted EBITDA</p>
        </td>
        <td width="98">
            <p align="RIGHT">(129)</p>
        </td>
        <td width="98">
            <p align="RIGHT">271</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">(4,434)</p>
        </td>
        <td width="91">
            <p align="RIGHT">748</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p><strong>Adjusted EBITDA
                    margin:</strong></p>
        </td>
        <td width="98" valign="BOTTOM">
            <p></p>
        </td>
        <td width="98" valign="BOTTOM">
            <p></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
        <td width="91">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p class="indent-1">Ride-hailing &amp; FoodTech</p>
        </td>
        <td width="98" valign="BOTTOM">
            <p align="RIGHT">
                0.6%</p>
        </td>
        <td width="98" valign="BOTTOM">
            <p align="RIGHT">
                6.9%</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>6.3%</em></p>
        </td>
        <td width="91" valign="BOTTOM">
            <p align="RIGHT">
                -20.4%</p>
        </td>
        <td width="91" valign="BOTTOM">
            <p align="RIGHT">
                5.9%</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>26.3%</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p class="indent-1">SDC</p>
        </td>
        <td width="98">
            <p align="RIGHT">n/m</p>
        </td>
        <td width="98">
            <p align="RIGHT">n/m</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">n/m</p>
        </td>
        <td width="91">
            <p align="RIGHT">n/m</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
    </tr>


    <tr>
        <td width="314">
            <p>Total Adjusted EBITDA margin</p>
        </td>
        <td width="98">
            <p align="RIGHT">-1.9%</p>
        </td>
        <td width="98">
            <p align="RIGHT">2.3%</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>4.2%</em></p>
        </td>
        <td width="91">
            <p align="RIGHT">-23.1%</p>
        </td>
        <td width="91">
            <p align="RIGHT">2.0%</p>
        </td>
        <td width="91">
            <p align="RIGHT"><em>25.1%</em></p>
        </td>
    </tr>

</table>
<p>Adjusted EBITDA of Taxi was RUB 271 million in Q4 2019, up from negative RUB
    129 million in Q4 2018. The increase of adjusted EBITDA was driven by the
    improving profitability of our ride-hailing business, partially offset by
    investments in autonomous vehicles and food tech initiatives as we expanded
    our AV (autonomous vehicles) fleet and launched Yandex.Lavka service.</p>
<p><strong>Classifieds</strong></p>
<p>Classifieds segment includes Auto.ru, Yandex.Realty and Yandex.Jobs.</p>
<table class="table_yandex">
    <tr>
        <td width="281">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="293">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="300">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>


    <tr>
        <td width="281">
            <p></p>
        </td>
        <td width="98">
            <p><strong>2018</strong>
            </p>
        </td>
        <td width="98">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="98">
            <p><em>Change</em></p>
        </td>
        <td width="100">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="100">
            <p>
                <strong>2019</strong></p>
        </td>
        <td width="100">
            <p><em>Change</em></p>
        </td>
    </tr>


    <tr>
        <td width="281">
            <p>Revenues</p>
        </td>
        <td width="98">
            <p align="RIGHT">1,108</p>
        </td>
        <td width="98">
            <p align="RIGHT">1,611</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>45%</em></p>
        </td>
        <td width="100">
            <p align="RIGHT">3,717</p>
        </td>
        <td width="100">
            <p align="RIGHT">5,390</p>
        </td>
        <td width="100">
            <p align="RIGHT"><em>45%</em></p>
        </td>
    </tr>


    <tr>
        <td width="281">
            <p>Adjusted EBITDA:</p>
        </td>
        <td width="98">
            <p align="RIGHT">(18)</p>
        </td>
        <td width="98">
            <p align="RIGHT">330</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
        <td width="100">
            <p align="RIGHT">(183)</p>
        </td>
        <td width="100">
            <p align="RIGHT">310</p>
        </td>
        <td width="100">
            <p align="RIGHT"><em>n/m</em></p>
        </td>
    </tr>


    <tr>
        <td width="281">
            <p>Adjusted EBITDA margin:</p>
        </td>
        <td width="98">
            <p align="RIGHT">-1.6%</p>
        </td>
        <td width="98">
            <p align="RIGHT">20.5%</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>22.1%</em></p>
        </td>
        <td width="100">
            <p align="RIGHT">-4.9%</p>
        </td>
        <td width="100">
            <p align="RIGHT">5.8%</p>
        </td>
        <td width="100">
            <p align="RIGHT"><em>10.7%</em></p>
        </td>
    </tr>

</table>

<p><strong>Media Services</strong></p>

<p>Media Services segment includes KinoPoisk, Yandex.Music, Yandex.Afisha,
    Yandex.TV program, our production center Yandex.Studio and our subscription
    service Yandex.Plus.</p>
<table class="table_yandex">
    <tr>
        <td width="278">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="303">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="294">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>
    <tr>
        <td width="278">
            <p></p>
        </td>
        <td width="101">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="0">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="202">
            <p><em>Change</em></p>
        </td>
        <td width="98">
            <p><strong>2018</strong>
            </p>
        </td>
        <td width="98">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="98">
            <p><em>Change</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Revenues</p>
        </td>
        <td width="101">
            <p align="RIGHT">679</p>
        </td>
        <td width="0">
            <p align="RIGHT">1,333</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>96%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">1,909</p>
        </td>
        <td width="98">
            <p align="RIGHT">3,867</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>103%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Adjusted EBITDA:</p>
        </td>
        <td width="101">
            <p align="RIGHT">(215)</p>
        </td>
        <td width="0">
            <p align="RIGHT">(688)</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>220%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">(810)</p>
        </td>
        <td width="98">
            <p align="RIGHT">(2,202)</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>172%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Adjusted EBITDA margin:</p>
        </td>
        <td width="101">
            <p align="RIGHT">-31.7%</p>
        </td>
        <td width="0">
            <p align="RIGHT">-51.6%</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>-19.9%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">-42.4%</p>
        </td>
        <td width="98">
            <p align="RIGHT">-56.9%</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>-14.5%</em></p>
        </td>
    </tr>

</table>
<p><strong>Other Bets and Experiments</strong></p>
<p>Other Bets and Experiments category includes Zen, Yandex.Cloud, Yandex.Drive,
    Geolocation Services and Yandex.Education.</p>
<table class="table_yandex">
    <tr>
        <td width="278">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="303">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="294">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p></p>
        </td>
        <td width="101">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="0">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="202">
            <p><em>Change</em></p>
        </td>
        <td width="98">
            <p><strong>2018</strong>
            </p>
        </td>
        <td width="98">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="98">
            <p><em>Change</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Revenues</p>
        </td>
        <td width="101">
            <p align="RIGHT">2,236</p>
        </td>
        <td width="0">
            <p align="RIGHT">5,096</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>128%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">5,625</p>
        </td>
        <td width="98">
            <p align="RIGHT">15,082</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>168%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Adjusted EBITDA:</p>
        </td>
        <td width="101">
            <p align="RIGHT">(792)</p>
        </td>
        <td width="0">
            <p align="RIGHT">(1,839)</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>132%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">(3,110)</p>
        </td>
        <td width="98">
            <p align="RIGHT">(5,205)</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>67%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Adjusted EBITDA margin:</p>
        </td>
        <td width="101">
            <p align="RIGHT">-35.4%</p>
        </td>
        <td width="0">
            <p align="RIGHT">-36.1%</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>-0.7%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">-55.3%</p>
        </td>
        <td width="98">
            <p align="RIGHT">-34.5%</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>20.8%</em></p>
        </td>
    </tr>

</table>

<p><strong>Other Bets and Experiments revenues</strong> grew 128% in Q4 2019
    compared with Q4 2018. The increase was primarily driven by our car-sharing
    service Yandex.Drive, as well as the growth of Geo Services and Zen.</p>

<p><strong>Eliminations</strong></p>

<p>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 units.</p>

<table class="table_yandex">
    <tr>
        <td width="278">
            <p><em><strong>In RUB
                        millions</strong></em></p>
        </td>
        <td colspan="3" width="303">
            <p><strong>Three
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
        <td colspan="3" width="294">
            <p><strong>Twelve
                    months ended December&nbsp;31,&nbsp;</strong></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p></p>
        </td>
        <td width="101">
            <p>
                <strong>2018</strong></p>
        </td>
        <td width="0">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="202">
            <p><em>Change</em></p>
        </td>
        <td width="98">
            <p><strong>2018</strong>
            </p>
        </td>
        <td width="98">
            <p><strong>2019</strong>
            </p>
        </td>
        <td width="98">
            <p><em>Change</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p><strong>Revenues:</strong></p>
        </td>
        <td width="101">
            <p align="RIGHT"></p>
        </td>
        <td width="0">
            <p align="RIGHT"></p>
        </td>
        <td width="202">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p class="indent-1">Segment revenues</p>
        </td>
        <td width="101">
            <p align="RIGHT">40,618</p>
        </td>
        <td width="0">
            <p align="RIGHT">54,445</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>34%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">133,182</p>
        </td>
        <td width="98">
            <p align="RIGHT">184,218</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>38%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p class="indent-1">Eliminations</p>
        </td>
        <td width="101">
            <p align="RIGHT">(1,776)</p>
        </td>
        <td width="0">
            <p align="RIGHT">(2,749)</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>55%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">(5,525)</p>
        </td>
        <td width="98">
            <p align="RIGHT">(8,827)</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>60%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Total revenues*</p>
        </td>
        <td width="101">
            <p align="RIGHT">38,842</p>
        </td>
        <td width="0">
            <p align="RIGHT">51,696</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>33%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">127,657</p>
        </td>
        <td width="98">
            <p align="RIGHT">175,391</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>37%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p><strong>Adjusted EBITDA:</strong>
            </p>
        </td>
        <td width="101">
            <p align="RIGHT"></p>
        </td>
        <td width="0">
            <p align="RIGHT"></p>
        </td>
        <td width="202">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
        <td width="98">
            <p align="RIGHT"></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p class="indent-1">Segment Adjusted EBITDA</p>
        </td>
        <td width="101">
            <p align="RIGHT">12,270</p>
        </td>
        <td width="0">
            <p align="RIGHT">13,176</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>7%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">39,432</p>
        </td>
        <td width="98">
            <p align="RIGHT">50,814</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>29%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p class="indent-1">Eliminations</p>
        </td>
        <td width="101">
            <p align="RIGHT">44</p>
        </td>
        <td width="0">
            <p align="RIGHT">54</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>23%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">143</p>
        </td>
        <td width="98">
            <p align="RIGHT">200</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>40%</em></p>
        </td>
    </tr>


    <tr>
        <td width="278">
            <p>Total adjusted EBITDA*</p>
        </td>
        <td width="101">
            <p align="RIGHT">12,314</p>
        </td>
        <td width="0">
            <p align="RIGHT">13,230</p>
        </td>
        <td width="202">
            <p align="RIGHT"><em>7%</em></p>
        </td>
        <td width="98">
            <p align="RIGHT">39,575</p>
        </td>
        <td width="98">
            <p align="RIGHT">51,014</p>
        </td>
        <td width="98">
            <p align="RIGHT"><em>29%</em></p>
        </td>
    </tr>

</table>
<p><em>* Total segment results for the twelve months ended December&nbsp;31, 2018
        include financial results of our E-commerce segment. E-commerce segment
        revenues and adjusted EBITDA include revenues and adjusted EBITDA of
        Yandex.Market through April 27, 2018.</em></p>
<p><strong>Adjusted EBITDA</strong><strong> </strong>increased 7% in Q4 2019
    compared with Q4 2018. The growth was mainly driven by the solid performance
    of Search and Portal segment and continuing improvement of our Taxi and
    Classifieds segments profitability, which were slightly offset by our
    investments in car-sharing business and Media Services.</p>
<p><strong>Interest income </strong>in Q4 2019 was RUB 807 million, compared
    with RUB 929 million in Q4 2018.</p>

<p><strong>Interest expense</strong> in Q4 2019 was RUB 31 million, down from
    RUB 221 million in Q4 2018.</p>

<p><strong>Foreign exchange </strong>loss in Q4 2019 was RUB 999 million,
    compared with a foreign exchange gain of RUB 273 million in Q4 2018. This
    loss reflects the appreciation of the Russian ruble during Q4 2019 from RUB
    64.4156 to $1.00 on September 30, 2019, to RUB 61.9057 to $1.00 on December
    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 income/(loss), net line in the condensed
    consolidated statements of income. Although the U.S. dollar value of
    Yandex's U.S. dollar-denominated assets and liabilities was not impacted by
    these currency fluctuations, they resulted in a downward revaluation of the
    ruble equivalent of these U.S. dollar-denominated monetary assets and
    liabilities in Q4 2019.</p>

<p><strong>Income tax expense</strong><strong> </strong>for Q4 2019 was RUB
    3,068 million, up from RUB 2,412 million in Q4 2018. Our effective tax rate
    of 91.6% in Q4 2019 was higher than in Q4 2018, primarily due to increase in
    stock-based compensation which is non-deductible. Adjusted for SBC expense,
    certain losses from equity-method investments which are non-deductible,
    goodwill impairment and certain tax provisions recognized, our effective tax
    rate for Q4 2019 was 33.0%, compared with 27.9% for Q4 2018 as adjusted for
    SBC expense and similar effects in that year. The increase in the adjusted
    effective tax rate was primarily driven by certain additional valuation
    allowances provided in Q4 2019.</p>

<p><strong>Net income</strong><strong> </strong>was RUB 0.3 billion ($4.5
    million) in Q4 2019, down 95% compared with Q4 2018.</p>

<p><strong>Adjusted net income</strong><strong> </strong>in Q4 2019 was RUB 5.4
    billion ($87.2 million), a 22% decrease from Q4 2018.</p>

<p><strong>Adjusted net income margin</strong> was 10.4% in Q4 2019, compared
    with 17.9% in Q4 2018.</p>

<p>As of December&nbsp;31, 2019, Yandex had<strong> </strong><strong>cash, cash
        equivalents and term deposits </strong>of RUB 88.3 billion ($1,426.5
    million), including cash, cash equivalents and term deposits of Yandex.Taxi
    in total amount of RUB 24.4 billion ($394.4 million).</p>

<p><strong>Net cash flow provided by operating
        activities</strong><strong> </strong>for Q4 2019 was RUB 8.6 billion
    ($139.3
    million) and<strong> </strong><strong>capital
        expenditures</strong><strong> </strong>were RUB 5.5 billion ($89.4
    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 entitles them to economic interests in the respective business unit
    subsidiaries.</p>

<p>The <strong>total number of shares issued and
        outstanding</strong><strong> </strong>as of December&nbsp;31, 2019 was
    329,858,166 including 292,719,508 Class A shares, 37,138,658 Class B shares,
    and excluding one Priority share and 808,147 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 3.3 million shares, at a weighted average exercise price of
    $37.17 per share, 1.5 million of which were fully vested; equity-settled
    share appreciation rights (SARs) for 0.1 million shares, at a weighted
    average measurement price of $32.75, all of which were fully vested; and
    restricted share units (RSUs) covering 12.8 million shares, of which RSUs to
    acquire 3.6 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>We expect our ruble-based revenues to be between 214.0 and 221.0 billion
    rubles, or to grow in the range of 22% to 26% for the full year 2020
    compared with 2019.</p>
<p>We expect our Search and Portal ruble-based revenue ex-TAC to grow in the
    range of 14% to 17% in the full year 2020 compared with 2019.</p>
<p>This outlook reflects our current view, based on the trends that we see at
    this time, and may change in light of market and economic developments in
    the business sectors and jurisdictions in which we operate.</p>
<h2>Conference Call Information</h2>
<p>Yandex’s management will hold an earnings conference call on February 14,
    2020 at 8:00 AM U.S. Eastern Time (4:00 PM Moscow time; 1:00 PM London
    time).</p>
<p>To access the conference call live, please dial:</p>
<table style="border-collapse: collapse ;  font-size: 15px; border-collapse:collapse ;">
    <tbody>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>US: +1 866 966 1396</td>
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>UK/International: +44 (0) 844 571 8892</td>
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>Russia: 8 10 800 2357 5011</td>
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>Passcode: 5721088</td>
        <td>&nbsp;</td>
    </tr>
    </tbody>
</table>
<p>A replay of the call will be available until February 21, 2020. To access the
    replay, please dial:<br></p>
<table style="border-collapse: collapse ;  font-size: 15px; border-collapse:collapse ;">
    <tbody>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>US: +1 917 677 7532</td>
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>UK/International: +44 (0) 844 571 8951</td>
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>Russia: +7 495 249 9138</td>
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td>Passcode: 5721088</td>
        <td>&nbsp;</td>
    </tr>
    </tbody>
</table>
<p>A live and archived webcast of this conference call will be available at<br>
</p>
<p>https://edge.media-server.com/mmc/p/6rwzvs8g</p>
<h2>ABOUT YANDEX</h2>
<p>Yandex (NASDAQ and MOEX: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.<br></p>
<p>More information on Yandex can be found at https://yandex.com/company.</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and
    uncertainties. These include statements regarding our anticipated revenues
    for full year 2020. 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 and “Risk Factors” in the Shareholder Circular
    filed as Exhibit 99.2 to our Current Report on Form 6-K, which were filed
    with the U.S. Securities and Exchange Commission (SEC) on April 19, 2019 and
    November 18, 2019, respectively, and are available on our investor relations
    website at http://ir.yandex.com/sec.cfm and on the SEC website at
    www.sec.gov. All information in this release and in the attachments is as of
    February 14, 2020, 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 effective tax rate, 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 payable to employees
        in connection with certain business combinations, (4) one-off
        restructuring expenses, (5) interest expense, (6)&nbsp;loss from equity
        method investments, (7) income tax expense and (8) goodwill impairment,
        <u>less</u> (1) effect of Yandex.Market deconsolidation, (2) interest
        income and (3) other (income)/loss, net
    </li>
    <li><strong>Adjusted EBITDA margin</strong> means adjusted EBITDA
        <u>divided</u> by U.S. GAAP revenues
    </li>
    <li><strong>Adjusted ex-TAC EBITDA margin</strong> means adjusted EBITDA <u>divided</u>
        by ex-TAC revenues
    </li>
    <li><strong>Adjusted net income</strong> means U.S. GAAP net income
        <u>plus</u> (1)&nbsp;SBC expense adjusted for the income tax reduction
        attributable to SBC expense, (2)&nbsp;accrual of expense related to the
        contingent compensation payable to certain employees in connection with
        certain business combinations, (3) one-off restructuring expenses, (4)
        amortization of debt discount related to our convertible debt adjusted
        for the related reduction in income tax and (5) goodwill impairment, <u>less</u>
        (1) foreign exchange (gains)/losses adjusted for increase/(reduction) in
        income tax attributable to foreign exchange (gains)/losses and (2)
        effect of deconsolidation of former subsidiaries
    </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 gains and losses</em></em></p>
<p>Because we hold significant assets and liabilities in currencies other than
    our Russian ruble operating currency, and because foreign exchange
    fluctuations are outside of our operational control, we believe that it is
    useful to present adjusted EBITDA, adjusted net income and related margin
    measures excluding these effects, in order to provide greater clarity
    regarding our operating performance.</p>
<p><em><em>One-off restructuring expenses</em></em></p>
<p>Adjusted net income and adjusted EBITDA for Q4 2019 exclude expenses related
    to restructuring targeted amendments to Corporate Governance Structure
    approved by shareholders in December 2019.&nbsp; We believe that it is
    useful to present adjusted net income, adjusted EBITDA and related margin
    measures excluding impacts not related to our operating activities.</p>
<p><em><em>Effect of deconsolidation of Yandex.Market/former
    subsidiaries</em></em></p>
<p>We believe that it is useful to present adjusted net income and related
    margin measures excluding the effect of deconsolidation of former
    subsidiaries and to present certain other financial metrics described above
    in order to provide a clearer picture of our underlying operating
    performance and to provide meaningful period-to-period comparisons. Adjusted
    net income in 2018 excludes a gain from deconsolidation of Yandex.Market
    following the formation of Yandex.Market joint venture by Yandex and
    Sberbank in April 2018.</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><em><em>Goodwill impairment</em></em></p>
<p>Adjusted net income and adjusted EBITDA for Q4 2019 exclude a loss from
    goodwill impairment related to Food Party business. We test our goodwill
    annually for impairment. In Q4 2019, we recognized a goodwill impairment
    charge for RUB 762 million which is the amount by which the carrying value
    of goodwill exceeds its implied fair value. We believe that it is useful to
    present adjusted net income, adjusted EBITDA and related margin measures
    excluding impacts 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 from the most directly comparable
    U.S. GAAP financial measure.</p>
<p><br></p>
<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="2"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; 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>As of</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; 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>&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="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>December&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>December&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 style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</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 ; ">
            <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="max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; ">
            Cash and cash equivalents
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            68,798
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            56,415
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            911.3
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;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 ; ">
            -
        </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 ; ">
            31,891
        </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 ; ">
            515.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            17,832
        </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 ; ">
            288.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Prepaid expenses</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            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 ; ">
            3,315
        </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 ; ">
            53.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            1,226
        </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 ; ">
            19.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            9,605
        </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 ; ">
            155.2
        </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 ; ">
            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 ; ">
            120,284
        </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 ; ">
            1,943.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&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 ; ">
            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 ; ">
            47,856
        </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 ; ">
            773.0
        </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 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 ; ">
            17,654
        </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 ; ">
            21,218
        </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 ; ">
            342.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            10,365
        </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 ; ">
            167.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            3,295
        </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 ; ">
            53.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Goodwill</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            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 ; ">
            52,205
        </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 ; ">
            843.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            2,289
        </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 ; ">
            37.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            28,073
        </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 ; ">
            453.5
        </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 ; ">
            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 ; ">
            1,847
        </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 ; ">
            29.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            3,694
        </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 ; ">
            59.7
        </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;259,097</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;291,126</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;4,702.7</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 ; ">
            22,904
        </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 ; ">
            34,978
        </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 ; ">
            565.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            8,020
        </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 ; ">
            129.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            2,792
        </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 ; ">
            3,542
        </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 ; ">
            57.2
        </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 liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            29,755
        </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 ; ">
            46,540
        </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 ; ">
            751.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&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 ; ">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 ; ">
            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 ; ">
            1,951
        </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 ; ">
            31.5
        </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 liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            12,560
        </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 ; ">
            10,841
        </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 ; ">
            175.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            2,359
        </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 ; ">
            38.1
        </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 ; ">Total liabilities</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            44,456
        </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 ; ">
            61,691
        </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 ; ">
            996.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&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 ; ">
            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 ; ">
            14,246
        </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 ; ">
            230.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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; shares authorized (1 and 1); shares issued (1 and 1); shares outstanding (1 and nil)
        </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; nil 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 (Class
            A: 500,000,000, Class B: 46,997,887 and 37,138,658 and Class C:
            46,997,887 and 37,748,658); shares issued (Class A: 292,437,655 and
            293,527,655, Class B: 37,878,658 and 37,138,658, and Class C: nil
            and 610,000, respectively); shares outstanding (Class A: 286,848,365
            and 292,719,508, Class B: 37,878,658 and 37,138,658, 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 ; ">
            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 ; ">
            261
        </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 ; ">
            4.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Treasury shares at cost (Class A:
            5,589,290 and 808,147, Priority share: nil and 1, respectively)
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (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 ; ">
            (411
        </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 ; ">
            (6.6
        </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 ; ">
            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 ; ">
            68,050
        </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 ; ">
            1,099.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            4,841
        </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 ; ">
            78.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            122,187
        </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 ; ">
            1,973.8
        </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 ; ">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 ; ">
            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 ; ">
            194,928
        </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 ; ">
            3,148.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            20,261
        </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 ; ">
            327.3
        </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 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 ; ">
            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 ; ">
            215,189
        </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 ; ">
            3,476.1
        </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 ; "><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;259,097</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;291,126</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;4,702.7</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;&nbsp;<em><em>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 December&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 ; 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 style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; 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="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="max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; ">
            Revenues
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            38,842
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            51,696
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            835.1
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;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 ; ">
            11,857
        </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 ; ">
            17,665
        </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 ; ">
            285.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            5,856
        </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 ; ">
            8,101
        </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 ; ">
            130.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            10,464
        </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 ; ">
            16,301
        </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 ; ">
            263.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation and amortization</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,203
        </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 ; ">
            3,976
        </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 ; ">
            64.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Goodwill impairment</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;762
        </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;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 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 ; ">
            31,380
        </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 ; ">
            46,805
        </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 ; ">
            756.1
        </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 ; ">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 ; ">
            7,462
        </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 ; ">
            4,891
        </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 ; ">
            79.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest income</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            929
        </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 ; ">
            807
        </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 ; ">
            13.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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;(31
        </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 ; ">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;(474
        </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;(1,403
        </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;(22.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other income/(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;114
        </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;(915
        </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;(14.7
        </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 ; ">
            7,810
        </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 ; ">
            3,349
        </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 ; ">
            54.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            2,412
        </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 ; ">
            3,068
        </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 ; ">
            49.6
        </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 ; ">
            5,398
        </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 ; ">
            281
        </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 ; ">
            4.5
        </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;148
        </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 ; ">
            670
        </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 ; ">
            10.9
        </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>5,546</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>951</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>15.4</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 ; ">
            17.09
        </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 ; ">
            2.89
        </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 ; ">
            0.05
        </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 ; ">
            16.72
        </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 ; ">
            2.78
        </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 ; ">
            0.04
        </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 ; ">
            324,503,123
        </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 ; ">
            329,030,223
        </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 ; ">
            329,030,223
        </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 ; ">
            331,675,527
        </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 ; ">
            336,126,257
        </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 ; ">
            336,126,257
        </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 colspan="10">(1)&nbsp; &nbsp; These balances exclude depreciation
            and amortization expenses, which are presented separately, and
            include share-based compensation expenses of:
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            54
        </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 ; ">
            89
        </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 ; ">
            1.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,107
        </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 ; ">
            1,620
        </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 ; ">
            26.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and
            administrative
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            481
        </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 ; ">
            1,010
        </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 ; ">
            16.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    </tbody>
</table>
<p><em><em>*&nbsp; Adjusted for restatement of operating costs and expenses and
    other income/(loss), net 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 align="center"><strong><br></strong></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>Twelve months ended December&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 ; 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 style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</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 ; ">
            <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="max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; ">
            Revenues
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            127,657
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            175,391
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2,833.2
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;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 ; ">
            35,893
        </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 ; ">
            55,788
        </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 ; ">
            901.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            22,579
        </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 ; ">
            29,209
        </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 ; ">
            471.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            36,206
        </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 ; ">
            50,155
        </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 ; ">
            810.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation and amortization</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            12,137
        </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 ; ">
            14,777
        </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 ; ">
            238.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Goodwill impairment</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 ; ">
            -
        </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 ; ">
            762
        </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 ; ">
            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 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 ; ">
            106,815
        </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 ; ">
            150,691
        </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 ; ">
            2,434.2
        </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 ; ">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 ; ">
            20,842
        </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 ; ">
            24,700
        </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 ; ">
            399.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest income</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,382
        </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 ; ">
            3,315
        </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 ; ">
            53.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest expense</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (945
        </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 ; ">
            (74
        </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 ; ">
            (1.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Effect of Yandex.Market
            deconsolidation
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            28,244
        </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 ; ">
            -
        </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 ; ">
            -
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            (194
        </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 ; ">
            (3,886
        </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 ; ">
            (62.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other income/(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 ; ">
            1,130
        </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 ; ">
            (1,200
        </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 ; ">
            (19.3
        </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 ; ">
            52,459
        </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 ; ">
            22,855
        </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 ; ">
            369.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            8,201
        </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 ; ">
            11,656
        </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 ; ">
            188.3
        </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 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 ; ">
            44,258
        </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 ; ">
            11,199
        </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 ; ">
            180.9
        </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 ; ">
            1,726
        </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 ; ">
            1,627
        </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 ; ">
            26.3
        </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 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>45,984</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>12,826</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>207.2</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 ; ">
            140.77
        </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 ; ">
            39.21
        </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 ; ">
            0.63
        </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 ; ">
            137.20
        </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 ; ">
            38.21
        </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 ; ">
            0.62
        </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 ; ">
            326,667,118
        </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 ; ">
            327,127,314
        </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 ; ">
            327,127,314
        </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 ; ">
            335,162,062
        </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 ; ">
            335,428,137
        </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 ; ">
            335,428,137
        </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="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 colspan="10">(1)&nbsp; &nbsp; These balances exclude depreciation
            and amortization expenses, which are presented separately, and
            include share-based compensation expenses of:
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            180
        </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 ; ">
            293
        </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 ; ">
            4.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            4,450
        </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 ; ">
            6,294
        </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 ; ">
            101.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and
            administrative
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,922
        </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 ; ">
            3,268
        </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 ; ">
            52.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    </tbody>
</table>
<p><em><em>*&nbsp; Adjusted for restatement of operating costs and expenses and
    other income/(loss), net 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><strong><br> </strong></p>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
    Flows</strong><br></p>
<p align="center"><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 December&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 ; 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 style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</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 ; ">&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="max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; ">
            Net income
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,398
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            281
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            4.5
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;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 ; ">
            2,594
        </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 ; ">
            3,314
        </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 ; ">
            53.5
        </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 intangible
            assets
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            609
        </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 ; ">
            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 ; ">
            10.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">ROU assets amortization*</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,691
        </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 ; ">
            2,828
        </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 ; ">
            45.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            -
        </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 ; ">
            -
        </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 ; ">
            1,642
        </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 ; ">
            2,719
        </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 ; ">
            43.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            (785
        </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 ; ">
            11
        </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 ; ">
            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 ; ">Foreign exchange (gains)/losses
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (272
        </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 ; ">
            999
        </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 ; ">
            16.1
        </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 impairment</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="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            762
        </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 ; ">
            12.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            474
        </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 ; ">
            1,403
        </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 ; ">
            22.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            125
        </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 ; ">
            34
        </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 ; ">
            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 ; ">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 ; ">
            (2,221
        </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 ; ">
            (2,061
        </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 ; ">
            (33.3
        </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 ; ">
            (1,256
        </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 ; ">
            (4,313
        </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 ; ">
            (69.6
        </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 ; ">
            (167
        </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 ; ">
            1,235
        </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 ; ">
            20.0
        </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 ; ">
            605
        </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 ; ">
            751
        </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 ; ">
            12.1
        </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 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;8,607</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;8,625</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;139.3</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 PROVIDED BY 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 ; ">
            (13,857
        </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 ; ">
            (5,533
        </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 ; ">
            (89.4
        </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 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 ; ">
            11
        </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 ; ">
            8
        </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 ; ">
            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 ; ">
            (836
        </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 ; ">
            -
        </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 ; ">
            -
        </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 ; ">
            -
        </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 ; ">
            (7
        </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 ; ">
            (0.1
        </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 equity
            securities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            34
        </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 ; ">
            4,612
        </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 ; ">
            74.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            -
        </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 ; ">
            (14,713
        </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 ; ">
            (237.7
        </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 ; ">
            45,126
        </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 ; ">
            23,628
        </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 ; ">
            381.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            11
        </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 ; ">
            94
        </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 ; ">
            1.5
        </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 provided by 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;30,489</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;8,089</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;130.7</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 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 ; ">
            8
        </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 ; ">
            16
        </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 ; ">
            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 ; ">Purchase of 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 ; ">
            -
        </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 ; ">
            (509
        </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 ; ">
            (8.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repayment of convertible debt</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (21,281
        </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 ; ">
            -
        </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 ; ">
            -
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases of ordinary shares
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (320
        </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 ; ">
            (1,422
        </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 ; ">
            (23.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases 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 ; ">
            -
        </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 ; ">
            (88
        </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 ; ">
            (1.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </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 ; ">
            (104
        </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 ; ">
            -
        </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 ; ">
            -
        </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 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 ; ">
            32
        </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 ; ">
            (152
        </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 ; ">
            (2.5
        </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;(21,665</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;(2,155</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;(34.8</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 ; ">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 ; ">
            1,989
        </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 ; ">
            (1,678
        </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 ; ">
            (27.1
        </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;19,420</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;12,881</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;208.1</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 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 ; ">
            49,466
        </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 ; ">
            43,572
        </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 ; ">
            703.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            56,453
        </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 ; ">
            911.9
        </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="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 ; ">
            49,388
        </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 ; ">
            43,528
        </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 ; ">
            703.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            78
        </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 ; ">
            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 ; ">
            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, 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 ; ">
            49,466
        </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 ; ">
            43,572
        </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 ; ">
            703.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&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 ; ">
            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 ; ">
            56,415
        </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 ; ">
            911.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            38
        </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 ; ">
            0.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            56,453
        </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 ; ">
            911.9
        </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>
    </tbody>
</table>
<p><em><em>*&nbsp; Adjusted for restatement of cash flows from operating
    activities due to adoption of ASC 842 Leases, which required the recognition
    of right-of-use (ROU) assets and lease liabilities for operating leases</em></em>
</p>
<p align="center"><strong><br></strong></p>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
    Flows</strong><br></p>
<p align="center"><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>Twelve months ended December&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 ; 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 style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019</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 ; ">&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="max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; ">
            Net income
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            44,258
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11,199
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
            &nbsp;
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            180.9
        </td>
        <td style="max-width:1%; width:1%; min-width:1%;;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 ; ">
            9,833
        </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 ; ">
            12,164
        </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 ; ">
            196.5
        </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 intangible
            assets
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2,304
        </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 ; ">
            2,613
        </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 ; ">
            42.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">ROU assets amortization*</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,466
        </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 ; ">
            9,195
        </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 ; ">
            148.5
        </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 ; ">
            728
        </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 ; ">
            -
        </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 ; ">
            -
        </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 ; ">
            6,552
        </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 ; ">
            9,855
        </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 ; ">
            159.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            (2,264
        </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 ; ">
            1,845
        </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 ; ">
            29.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Foreign exchange (gains)/losses
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (1,168
        </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 ; ">
            1,294
        </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 ; ">
            20.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Effect of deconsolidation of
            Yandex.Market
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (28,244
        </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 ; ">
            -
        </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 ; ">
            -
        </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 impairment</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="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            762
        </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 ; ">
            12.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            195
        </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 ; ">
            3,886
        </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 ; ">
            62.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (63
        </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 ; ">
            355
        </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 ; ">
            5.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            (4,705
        </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 ; ">
            (3,469
        </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 ; ">
            (56.0
        </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 ; ">
            (5,968
        </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 ; ">
            (9,069
        </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 ; ">
            (146.5
        </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 ; ">
            809
        </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 ; ">
            2,963
        </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 ; ">
            47.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            479
        </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 ; ">
            786
        </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 ; ">
            12.7
        </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 ; ">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;28,212</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;44,379</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;716.9</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 PROVIDED BY/(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 ; ">
            (28,323
        </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 ; ">
            (20,543
        </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 ; ">
            (331.8
        </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 ; ">
            235
        </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 ; ">
            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 ; ">
            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 ; ">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 ; ">
            19,844
        </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 ; ">
            (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 ; ">
            (5.6
        </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 ; ">
            (155
        </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 ; ">
            (72
        </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 ; ">
            (1.2
        </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 equity
            securities
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            34
        </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 ; ">
            4,612
        </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 ; ">
            74.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            (55,592
        </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 ; ">
            (90,975
        </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 ; ">
            (1,469.6
        </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 ; ">
            92,469
        </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 ; ">
            57,967
        </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 ; ">
            936.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deconsolidation of cash and cash
            equivalents of Yandex.Market
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (2,181
        </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 ; ">
            -
        </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 ; ">
            -
        </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 ; ">
            (372
        </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 ; ">
            178
        </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 ; ">
            2.9
        </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 provided by/(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;25,959</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;(49,136</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;(793.7</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 ; ">
            115
        </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 ; ">
            156
        </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 ; ">
            2.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Purchase of 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 ; ">
            -
        </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 ; ">
            (747
        </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 ; ">
            (12.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repayment of convertible debt</td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (21,281
        </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 ; ">
            -
        </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 ; ">
            -
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </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 ; ">
            -
        </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 ; ">
            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 ; ">
            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 ; ">Repurchases of ordinary shares
        </td>
        <td style="vertical-align: bottom ; ">&nbsp;</td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            (10,085
        </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 ; ">
            (1,422
        </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 ; ">
            (23.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases 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 ; ">
            -
        </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 ; ">
            (88
        </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 ; ">
            (1.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </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 ; ">
            (1,504
        </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 ; ">
            (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 ; ">
            (1.5
        </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 ; ">
            (49
        </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 ; ">
            (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 ; ">
            (3.5
        </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;(32,804</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;(2,394</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;(38.7</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 ; ">
            4,288
        </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 ; ">
            (5,282
        </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 ; ">
            (85.4
        </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 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;25,655</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;(12,433</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;(200.9</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 ; ">
            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 ; ">
            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 ; ">
            1,112.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            56,453
        </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 ; ">
            911.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: top ; ">&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 ; ">
            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 ; ">
            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 ; ">
            1,111.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            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 ; ">
            1.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            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 ; ">
            1,112.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">&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 ; ">
            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 ; ">
            56,415
        </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 ; ">
            911.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            38
        </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 ; ">
            0.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">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 ; ">
            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 ; ">
            56,453
        </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 ; ">
            911.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            &nbsp;
        </td>
    </tr>
    </tbody>
</table>
<p><em><em>*&nbsp; Adjusted for restatement of cash flows from operating
    activities due to adoption of ASC 842 Leases, which required the recognition
    of right-of-use (ROU) assets and lease liabilities for operating leases</em></em>
</p>
<p><strong><br> </strong></p>
<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>
        <td style=""><em><em>In RUB
            millions</em></em></td>
        <td colspan="3"
            style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            Three months ended December&nbsp;31,
        </td>
        <td colspan="3"
            style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            Twelve months ended December&nbsp;31,
        </td>
    </tr>
    <tr>
        <td style="; ">
            <strong><strong>&nbsp;</strong></strong></td>
        <td style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            2018
        </td>
        <td style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            2019
        </td>
        <td
            style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <em><em>Change</em></em></td>
        <td style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            2018
        </td>
        <td style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            2019
        </td>
        <td
            style="; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <em><em>Change</em></em></td>
    </tr>
    <tr>
        <td style="max-width:50%; width:50%; min-width:50%;;; vertical-align: bottom ; ">
            Total revenues
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            38,842
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            51,696
        </td>
        <td>
            <em><em>33</em></em><em><em>%</em></em></td>
        <td style="max-width:8%; width:8%; min-width:8%;;; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            127,657
        </td>
        <td style="max-width:8%; width:8%; min-width:8%;;; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            175,391
        </td>
        <td>
            <em><em>37</em></em><em><em>%</em></em></td>
    </tr>
    <tr>
        <td style="; vertical-align: bottom ; ">
            Less: traffic acquisition costs (TAC)
        </td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,164
        </td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,631
        </td>
        <td>
            <em><em>8</em></em><em><em>%</em></em></td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            20,498
        </td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            23,324
        </td>
        <td>
            <em><em>14</em></em><em><em>%</em></em></td>
    </tr>
    <tr>
        <td style="; vertical-align: bottom ; ">
            Ex-TAC revenues
        </td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            32,678
        </td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            45,065
        </td>
        <td>
            <em><em>38</em></em><em><em>%</em></em></td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            107,159
        </td>
        <td style="; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            152,067
        </td>
        <td>
            <em><em>42</em></em><em><em>%</em></em></td>
    </tr>
    </tbody>
</table>
<p align="center"><strong><br></strong></p>
<p align="center"><strong>Reconciliation of Adjusted EBITDA to U.S. GAAP Net
    Income</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="270" bgcolor="#ffffff"><p><em><strong>In RUB
            millions</strong></em></p></td>
        <td colspan="3" width="239" bgcolor="#ffffff"><p align="CENTER"><strong>Three
            months ended December&nbsp;31,&nbsp;</strong></p></td>
        <td colspan="3" bgcolor="#ffffff"><p align="CENTER"><strong>Twelve months
            ended December&nbsp;31,&nbsp;</strong></p></td>
    </tr>
    <tr>
        <td width="270" bgcolor="#ffffff"><p></p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><strong>2018</strong>
        </p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><strong>2019</strong>
        </p></td>
        <td width="80" bgcolor="#ffffff"><p align="CENTER"><em>Change</em></p>
        </td>
        <td width="80" bgcolor="#ffffff"><p align="CENTER"><strong>2018</strong>
        </p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><strong>2019</strong>
        </p></td>
        <td width="80" bgcolor="#ffffff"><p align="CENTER"><em>Change</em></p>
        </td>
    </tr>
    <tr>
        <td width="270"><p>Net income</p></td>
        <td width="79"><p align="RIGHT">5,398</p></td>
        <td width="79"><p align="RIGHT">281</p></td>
        <td width="80"><p align="RIGHT"><em>-95%</em></p></td>
        <td width="80"><p align="RIGHT">44,258</p></td>
        <td width="79"><p align="RIGHT">11,199</p></td>
        <td width="80"><p align="RIGHT"><em>-75%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> depreciation and amortization</p></td>
        <td width="79"><p align="RIGHT">3,203</p></td>
        <td width="79"><p align="RIGHT">3,976</p></td>
        <td width="80"><p align="RIGHT"><em>24%</em></p></td>
        <td width="80"><p align="RIGHT">12,137</p></td>
        <td width="79"><p align="RIGHT">14,777</p></td>
        <td width="80"><p align="RIGHT"><em>22%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> share-based compensation expense</p>
        </td>
        <td width="79"><p align="RIGHT">1,642</p></td>
        <td width="79"><p align="RIGHT">2,719</p></td>
        <td width="80"><p align="RIGHT"><em>66%</em></p></td>
        <td width="80"><p align="RIGHT">6,552</p></td>
        <td width="79"><p align="RIGHT">9,855</p></td>
        <td width="80"><p align="RIGHT"><em>50%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> compensation expense related to
            contingent consideration</p></td>
        <td width="79"><p align="RIGHT">7</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">44</p></td>
        <td width="79"><p align="RIGHT">38</p></td>
        <td width="80"><p align="RIGHT"><em>-14%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add</em>: one-off restructuring expenses</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">882</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">882</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less</em>: effect of Yandex.Market
            deconsolidation</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">(28,244)</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less: </em>interest income</p></td>
        <td width="79"><p align="RIGHT">(929)</p></td>
        <td width="79"><p align="RIGHT">(807)</p></td>
        <td width="80"><p align="RIGHT"><em>-13%</em></p></td>
        <td width="80"><p align="RIGHT">(3,382)</p></td>
        <td width="79"><p align="RIGHT">(3,315)</p></td>
        <td width="80"><p align="RIGHT"><em>-2%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> interest expense</p></td>
        <td width="79"><p align="RIGHT">221</p></td>
        <td width="79"><p align="RIGHT">31</p></td>
        <td width="80"><p align="RIGHT"><em>-86%</em></p></td>
        <td width="80"><p align="RIGHT">945</p></td>
        <td width="79"><p align="RIGHT">74</p></td>
        <td width="80"><p align="RIGHT"><em>-92%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add: </em>loss from equity method investments</p>
        </td>
        <td width="79"><p align="RIGHT">474</p></td>
        <td width="79"><p align="RIGHT">1,403</p></td>
        <td width="80"><p align="RIGHT"><em>196%</em></p></td>
        <td width="80"><p align="RIGHT">194</p></td>
        <td width="79"><p align="RIGHT">3,886</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less:</em> other (income)/loss, net</p></td>
        <td width="79"><p align="RIGHT">(114)</p></td>
        <td width="79"><p align="RIGHT">915</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">(1,130)</p></td>
        <td width="79"><p align="RIGHT">1,200</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> income tax expense</p></td>
        <td width="79"><p align="RIGHT">2,412</p></td>
        <td width="79"><p align="RIGHT">3,068</p></td>
        <td width="80"><p align="RIGHT"><em>27%</em></p></td>
        <td width="80"><p align="RIGHT">8,201</p></td>
        <td width="79"><p align="RIGHT">11,656</p></td>
        <td width="80"><p align="RIGHT"><em>42%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> goodwill impairment</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">762</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">762</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p>Adjusted EBITDA</p></td>
        <td width="79"><p align="RIGHT">12,314</p></td>
        <td width="79"><p align="RIGHT">13,230</p></td>
        <td width="80"><p align="RIGHT"><em>7%</em></p></td>
        <td width="80"><p align="RIGHT">39,575</p></td>
        <td width="79"><p align="RIGHT">51,014</p></td>
        <td width="80"><p align="RIGHT"><em>29%</em></p></td>
    </tr>
    </tbody>
</table>
<p align="center"><strong><br>Reconciliation of Adjusted Net Income to U.S. GAAP
    Net Income</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="270" bgcolor="#ffffff"><p><em><strong>In RUB
            millions</strong></em></p></td>
        <td colspan="3" width="239" bgcolor="#ffffff"><p align="CENTER"><strong>Three
            months ended December&nbsp;31,&nbsp;</strong></p></td>
        <td colspan="3" bgcolor="#ffffff"><p align="CENTER"><strong>Twelve months
            ended December&nbsp;31,&nbsp;</strong></p></td>
    </tr>
    <tr>
        <td width="270" bgcolor="#ffffff"><p></p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><strong>2018</strong>
        </p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><strong>2019</strong>
        </p></td>
        <td width="80" bgcolor="#ffffff"><p align="CENTER"><em>Change</em></p>
        </td>
        <td width="80" bgcolor="#ffffff"><p align="CENTER"><strong>2018</strong>
        </p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><strong>2019</strong>
        </p></td>
        <td width="79" bgcolor="#ffffff"><p align="CENTER"><em>Change</em></p>
        </td>
    </tr>
    <tr>
        <td width="270"><p>Net income</p></td>
        <td width="79"><p align="RIGHT">5,398</p></td>
        <td width="79"><p align="RIGHT">281</p></td>
        <td width="80"><p align="RIGHT"><em>-95%</em></p></td>
        <td width="80"><p align="RIGHT">44,258</p></td>
        <td width="79"><p align="RIGHT">11,199</p></td>
        <td width="79"><p align="RIGHT"><em>-75%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add: </em>SBC expense</p></td>
        <td width="79"><p align="RIGHT">1,642</p></td>
        <td width="79"><p align="RIGHT">2,719</p></td>
        <td width="80"><p align="RIGHT"><em>66%</em></p></td>
        <td width="80"><p align="RIGHT">6,552</p></td>
        <td width="79"><p align="RIGHT">9,855</p></td>
        <td width="79"><p align="RIGHT"><em>50%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less:</em> reduction in income tax attributable
            to SBC expense</p></td>
        <td width="79"><p align="RIGHT">(28)</p></td>
        <td width="79"><p align="RIGHT">(42)</p></td>
        <td width="80"><p align="RIGHT"><em>50%</em></p></td>
        <td width="80"><p align="RIGHT">(104)</p></td>
        <td width="79"><p align="RIGHT">(101)</p></td>
        <td width="79"><p align="RIGHT"><em>-3%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> compensation expense related to
            contingent consideration</p></td>
        <td width="79"><p align="RIGHT">7</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">44</p></td>
        <td width="79"><p align="RIGHT">38</p></td>
        <td width="79"><p align="RIGHT"><em>-14%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less:</em> foreign exchange (gains)/losses</p>
        </td>
        <td width="79"><p align="RIGHT">(273)</p></td>
        <td width="79"><p align="RIGHT">999</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">(1,169)</p></td>
        <td width="79"><p align="RIGHT">1,294</p></td>
        <td width="79"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> increase/(reduction) in income tax
            attributable to foreign exchange (gains)/losses</p></td>
        <td width="79"><p align="RIGHT">68</p></td>
        <td width="79"><p align="RIGHT">(202)</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">241</p></td>
        <td width="79"><p align="RIGHT">(268)</p></td>
        <td width="79"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add: </em>one-off restructuring expenses</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">882</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">882</p></td>
        <td width="79"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less</em>: effect of deconsolidation of former
            subsidiaries</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">(28,244)</p></td>
        <td width="79"><p align="RIGHT">(121)</p></td>
        <td width="79"><p align="RIGHT"><em>-100%</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> amortization of debt discount</p></td>
        <td width="79"><p align="RIGHT">170</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">728</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Less:</em> reduction in income tax attributable
            to amortization of debt discount</p></td>
        <td width="79"><p align="RIGHT">(43)</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">(182)</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p><em>Add:</em> goodwill impairment</p></td>
        <td width="79"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">762</p></td>
        <td width="80"><p align="RIGHT"><em>n/m</em></p></td>
        <td width="80"><p align="RIGHT">-</p></td>
        <td width="79"><p align="RIGHT">762</p></td>
        <td width="79"><p align="RIGHT"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="270"><p>Adjusted net income</p></td>
        <td width="79"><p align="RIGHT">6,941</p></td>
        <td width="79"><p align="RIGHT">5,399</p></td>
        <td width="80"><p align="RIGHT"><em>-22%</em></p></td>
        <td width="80"><p align="RIGHT">22,124</p></td>
        <td width="79"><p align="RIGHT">23,540</p></td>
        <td width="79"><p align="RIGHT"><em>6%</em></p></td>
    </tr>
    </tbody>
</table>
<p align="center"><strong><br></strong></p>
<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 table class="table_yandex table_yandex_rec">
        <tbody>
        <tr valign="BOTTOM">
            <td width="318" height="6" bgcolor="#ffffff"><p><em><strong>In RUB
                millions </strong></em></p></td>
            <td colspan="6" width="400" bgcolor="#ffffff"><p></p></td>
        </tr>
        <tr valign="BOTTOM">
            <td width="318" height="80" bgcolor="#ffffff"><p></p></td>
            <td width="44" bgcolor="#ffffff"><p align="CENTER"><strong>U.S. GAAP
                Actual Net Income</strong></p></td>
            <td width="39" bgcolor="#ffffff"><p align="CENTER"><strong>Net
                Income Margin (1)</strong></p></td>
            <td width="67" bgcolor="#ffffff"><p align="CENTER"><strong>Adjustment
                (2)</strong></p></td>
            <td width="44" bgcolor="#ffffff"><p align="CENTER"><strong>Adjusted
                EBITDA</strong></p></td>
            <td width="44" bgcolor="#ffffff"><p align="CENTER"><strong>Adjusted
                EBITDA Margin (3)</strong></p></td>
            <td width="5121" bgcolor="#ffffff"><p align="CENTER"><strong>Adjusted
                Ex-TAC EBITDA Margin (4)</strong></p></td>
        </tr>
        <tr valign="BOTTOM">
            <td width="318" height="6"><p>Three months ended December&nbsp;31,&nbsp;2019</p>
            </td>
            <td width="44"><p align="RIGHT">281</p></td>
            <td width="39"><p align="RIGHT">0.5%</p></td>
            <td width="67"><p align="RIGHT">12,949</p></td>
            <td width="44"><p align="RIGHT">13,230</p></td>
            <td width="44"><p align="RIGHT">25.6%</p></td>
            <td width="5121"><p align="RIGHT">29.4%</p></td>
        </tr>
        <tr valign="BOTTOM">
            <td width="318" height="6"><p>Twelve months ended December&nbsp;31,&nbsp;2019</p>
            </td>
            <td width="44"><p align="RIGHT">11,199</p></td>
            <td width="39"><p align="RIGHT">6.4%</p></td>
            <td width="67"><p align="RIGHT">39,815</p></td>
            <td width="44"><p align="RIGHT">51,014</p></td>
            <td width="44"><p align="RIGHT">29.1%</p></td>
            <td width="5121"><p align="RIGHT">33.5%</p></td>
        </tr>
        </tbody>
    </table>
    <p>(1) Net income margin is defined as net income divided by total revenues.<br>(2)
    Adjusted to eliminate depreciation and amortization expense, SBC expense,
    expense related to contingent compensation, one-off restructuring expenses,
    interest income, interest expense, loss from equity method investments,
    other loss, net, goodwill impairment and income tax expense. For a
    reconciliation of adjusted EBITDA to net income, please see the table above.<br>(3)
    Adjusted EBITDA margin is defined as adjusted EBITDA divided by total
    revenues.<br>(4) Adjusted ex-TAC EBITDA margin is defined as adjusted EBITDA
    divided by ex-TAC revenues. For a reconciliation of ex-TAC revenues to U.S.
    GAAP revenues, please see the table above.</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<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 table class="table_yandex table_yandex_rec">
    <tbody>
    <tr valign="BOTTOM">
        <td width="318" height="6" bgcolor="#ffffff"><p><em>In
            RUB </em><em><strong>millions</strong></em><em> </em></p></td>
        <td colspan="6" width="400" bgcolor="#ffffff"><p></p></td>
    </tr>
    <tr valign="BOTTOM">
        <td width="318" height="80" bgcolor="#ffffff"><p></p></td>
        <td width="44" bgcolor="#ffffff"><p align="CENTER"><strong>U.S. GAAP
            Actual Net Income</strong></p></td>
        <td width="39" bgcolor="#ffffff"><p align="CENTER"><strong>Net Income
            Margin (1)</strong></p></td>
        <td width="67" bgcolor="#ffffff"><p align="CENTER"><strong>Adjustment
            (2)</strong></p></td>
        <td width="44" bgcolor="#ffffff"><p align="CENTER"><strong>Adjusted Net
            Income</strong></p></td>
        <td width="44" bgcolor="#ffffff"><p align="CENTER"><strong>Adjusted Net
            Income Margin (3)</strong></p></td>
        <td width="5121" bgcolor="#ffffff"><p align="CENTER"><strong>Adjusted
            Ex-TAC Net Income Margin (4)</strong></p></td>
    </tr>
    <tr valign="BOTTOM">
        <td width="318" height="6"><p>Three months ended December&nbsp;31,&nbsp;2019</p>
        </td>
        <td width="44"><p align="RIGHT">281</p></td>
        <td width="39"><p align="RIGHT">0.5%</p></td>
        <td width="67"><p align="RIGHT">5,118</p></td>
        <td width="44"><p align="RIGHT">5,399</p></td>
        <td width="44"><p align="RIGHT">10.4%</p></td>
        <td width="5121"><p align="RIGHT">12.0%</p></td>
    </tr>
    <tr valign="BOTTOM">
        <td width="318" height="6"><p>Twelve months ended December&nbsp;31,&nbsp;2019</p>
        </td>
        <td width="44"><p align="RIGHT">11,199</p></td>
        <td width="39"><p align="RIGHT">6.4%</p></td>
        <td width="67"><p align="RIGHT">12,341</p></td>
        <td width="44"><p align="RIGHT">23,540</p></td>
        <td width="44"><p align="RIGHT">13.4%</p></td>
        <td width="5121"><p align="RIGHT">15.5%</p></td>
    </tr>
    </tbody>
</table>
<p>(1) Net income margin is defined as net income divided by total revenues.<br>(2)
    Adjusted to eliminate SBC expense (as adjusted for the income tax reduction
    attributable to SBC expense), expense related to contingent compensation,
    foreign exchange losses as adjusted for the reduction in income tax
    attributable to the losses, one-off restructuring expenses, effect of
    deconsolidation of former subsidiaries and goodwill impairment. For a
    reconciliation of adjusted net income to net income, please see the table
    above.<br>(3) Adjusted net income margin is defined as adjusted net income
    divided by total revenues.<br>(4) Adjusted ex-TAC net income margin is
    defined as adjusted net income divided by ex-TAC revenues. For a
    reconciliation of ex-TAC revenues to U.S. GAAP revenues, please see the
    table above.</p>
<p><strong><strong>Contacts:</strong></strong></p>
<p>Investor Relations<br>Katya Zhukova<br>Phone: +7 495 974-35-38<br>E-mail:
    askIR@yandex-team.ru</p>
<p>Media Relations<br>Ilya Grabovskiy<br>Phone: +7 495 739-70-00<br>E-mail:
    pr@yandex-team.ru</p>

