<p>MOSCOW and AMSTERDAM, the Netherlands, July 26, 2019 (GLOBE NEWSWIRE) --
Yandex (NASDAQ: YNDX), one of Europe's largest internet
companies and the leading search provider in Russia, today announced its
unaudited financial results for the second quarter ended June 30, 2019.<br>
</p>
<h2>Q2 2019 Financial Highlights(1)(2)(3)</h2>
<br>
<p><strong>Q2 2019 consolidated financial results</strong></p>
<ul>
<li><strong>Revenues</strong> of RUB 41.4 billion ($656.3 million), up 40%
compared with Q2 2018</li>
<li><strong>Net income</strong> of RUB&nbsp;3.4 billion ($54.2 million),
down 90% compared with Q2 2018; <strong>net income margin</strong> of
8.3%</li>
<li><strong>Adjusted net income</strong> of RUB&nbsp;5.8 billion ($92.3
million), up 16% compared with Q2 2018; <strong>adjusted net income
    margin</strong> of 14.1%</li>
<li><strong>Adjusted EBITDA</strong> of RUB 13.1 billion ($207.6 million),
up 50% compared with Q2 2018; <strong>adjusted EBITDA margin</strong> of
31.6%</li>
</ul>
<br>
<p><strong>Q2 2019 financial results excluding Yandex.Market in 2018 and
2019</strong></p>
<ul>
<li><strong>Revenues excluding Yandex.Market</strong> of RUB 41.4 billion
($656.3 million), up 41% compared with Q2 2018</li>
<li><strong>Net income excluding Yandex.Market</strong> of RUB 4.5 billion
($70.6 million), down 3% compared with Q2 2018</li>
<li><strong>Adjusted net income excluding Yandex.Market</strong> of RUB 6.9
billion ($108.8 million), up 31% compared with Q2 2018; adjusted net
income margin excluding Yandex.Market of 16.6%</li>
<li><strong>Adjusted EBITDA excluding Yandex.Market</strong> of RUB 13.1
billion ($207.6 million), up 48% compared with Q2 2018; <strong>adjusted
    EBITDA margin excluding Yandex.Market</strong> of 31.6%</li>
</ul>
<br>
<p><strong>Cash, cash equivalents and term deposits as of June 30,
2019:</strong></p>
<ul>
<li>RUB 75.0 billion ($1,189.2 million) on a consolidated basis</li>
<li>Of which RUB 24.9 billion ($395.5 million) related to Taxi segment&nbsp;
</li>
</ul>
<h2>Q2 2019 Operational and Corporate Highlights</h2>
<ul>
<li><strong>Share of Russian search market</strong>, including mobile,
averaged 56.9% in Q2 2019, up from 56.2% in Q2 2018 and down slightly
from 57.0% in Q1 2019, according to Yandex.Radar</li>
<li><strong>Search share on Android</strong> in Russia was 52.3% in Q2 2019,
up from 47.8% in Q2 2018 and 51.2% in Q1 2019, according to Yandex.Radar
</li>
<li><strong>Search queries</strong> in Russia grew 9% compared with Q2 2018
</li>
<li><strong>Paid clicks</strong> on Yandex’s and its partners’ websites, in
aggregate, increased 17% compared with Q2 2018. Excluding Yandex.Market,
<strong>paid clicks</strong> grew 20% compared to Q2 2018</li>
<li>Average <strong>cost per click</strong> grew 2% compared with Q2 2018.
Excluding Yandex.Market, average <strong>cost per click</strong>
increased 1% compared to Q2 2018</li>
<li><strong>Number of rides in the Taxi segment</strong> grew 49%
year-on-year compared with Q2 2018</li>
<li><strong>Yandex</strong> introduced the <strong>smart home
    concept</strong>, powered by its AI-assistant Alice</li>
<li><strong>Yandex.Auto</strong> became the official supplier of
infotainment systems for <strong>Renault</strong>,
<strong>Nissan</strong>, and <strong>LADA</strong> in Russia</li>
</ul>
<h2>Q2 2019 Subsequent Events</h2>
<ul type="disc">
<li><strong>MLU B.V.</strong>, Yandex’s ride-sharing and food delivery joint
venture with Uber, announced an agreement to acquire the IP and
call-centers of the <strong>Vezet group of companies</strong> in Russia
</li>
</ul>
<br>
<p>“We have delivered consolidated revenue growth of more than 40% year-on-year
for the fifth straight quarter,” said Arkady Volozh, Chief Executive Officer
of Yandex. “Thanks to our focus on sustainable, long-term investments, we
have built a strong ecosystem that is continuing to play a key role in the
rapid growth of both our existing and new businesses. As a result, non-core
businesses contributed one-third of consolidated revenues in Q2. Our
advanced capabilities in machine learning are helping to deliver exciting
results in self-driving. We also continue integrating Alice, our voice
assistant, into a growing number of different platforms to help users get
things done more easily, including at home and in their cars.”</p>
<p>“We had a great quarter, with revenues up 41% year-on-year, excluding
Yandex.Market,” said Greg Abovsky, Chief Operating Officer and Chief
Financial Officer of Yandex. “In Q2 our Taxi segment had strong momentum and
became profitable, and we also continued to improve profitability in
ride-sharing as well as the unit economics of our food delivery business. We
are extremely excited about this business. Our recently announced agreement
to acquire the IP and call centers of Vezet Group is in line with our plans
to further invest in the regions and to boost safety and security
technologies in the taxi market.”</p>
<br>
<p>The following table provides a summary of our key <strong>consolidated
financial results</strong> for the three and six months ended June 30,
2018 and 2019, which includes Yandex.Market financial results through April
27, 2018:</p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,672</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;41,397</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;56,245</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;78,681</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Ex-TAC revenues<sup>2</sup></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;24,948</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;35,803</p>
    </td>
    <td width="10%">
        <p align="right"><em>44%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;47,204</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;67,745</p>
    </td>
    <td width="10%">
        <p align="right"><em>44%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Income from operations</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,262</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,987</p>
    </td>
    <td width="10%">
        <p align="right"><em>64%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,421</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12,372</p>
    </td>
    <td width="10%">
        <p align="right"><em>67%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Adjusted EBITDA<sup>2</sup></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,756</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;13,097</p>
    </td>
    <td width="10%">
        <p align="right"><em>50%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;16,460</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;23,865</p>
    </td>
    <td width="10%">
        <p align="right"><em>45%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Net income</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;32,575</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,416</p>
    </td>
    <td width="10%">
        <p align="right"><em>-90%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;34,426</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,540</p>
    </td>
    <td width="10%">
        <p align="right"><em>-81%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Adjusted net income<sup>2</sup></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,012</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,825</p>
    </td>
    <td width="10%">
        <p align="right"><em>16%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;9,021</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;11,265</p>
    </td>
    <td width="10%">
        <p align="right"><em>25%</em></p>
    </td>
</tr>
</tbody>
</table>
<p>The table below provides a summary of our key <strong>financial results
excluding Yandex.Market</strong> for the three and six months ended June
30, 2018 and 2019:</p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions, excluding Yandex.Market</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Revenues ex. Yandex.Market</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,350</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;41,397</p>
    </td>
    <td width="10%">
        <p align="right"><em>41%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;55,018</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;78,681</p>
    </td>
    <td width="10%">
        <p align="right"><em>43%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Ex-TAC revenues<sup>2 </sup>ex. Yandex.Market</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;24,633</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;35,803</p>
    </td>
    <td width="10%">
        <p align="right"><em>45%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;46,011</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;67,745</p>
    </td>
    <td width="10%">
        <p align="right"><em>47%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Income from operations ex. Yandex.Market</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,377</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,987</p>
    </td>
    <td width="10%">
        <p align="right"><em>60%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,740</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12,372</p>
    </td>
    <td width="10%">
        <p align="right"><em>60%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Adjusted EBITDA<sup>2 </sup>ex. Yandex.Market</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,857</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;13,097</p>
    </td>
    <td width="10%">
        <p align="right"><em>48%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;16,723</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;23,865</p>
    </td>
    <td width="10%">
        <p align="right"><em>43%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Net income ex. Yandex.Market</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,571</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,453</p>
    </td>
    <td width="10%">
        <p align="right"><em>-3%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,573</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,298</p>
    </td>
    <td width="10%">
        <p align="right"><em>26%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Adjusted net income<sup>2 </sup>ex. Yandex.Market</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,241</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,862</p>
    </td>
    <td width="10%">
        <p align="right"><em>31%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;9,365</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;13,023</p>
    </td>
    <td width="10%">
        <p align="right"><em>39%</em></p>
    </td>
</tr>
</tbody>
</table>
<p>(1) Pursuant to SEC rules regarding convenience translations, Russian ruble
(RUB) amounts have been translated into U.S. dollars at a rate of RUB
63.0756 to $1.00, the official exchange rate quoted as of June 30, 2019 by
the Central Bank of the Russian
Federation.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>(2) The
following measures presented in this release are “non-GAAP financial
measures”: ex-TAC revenues; adjusted EBITDA; adjusted EBITDA margin;
adjusted ex-TAC EBITDA margin; adjusted net income; adjusted net income
margin and adjusted ex-TAC net income margin. Please see the section headed
“Use of Non-GAAP Financial Measures” below for a discussion of how we define
these measures, as well as reconciliations at the end of this release of
each of these measures to the most directly comparable U.S. GAAP measures.
</p>
<p>(3) On April 27, 2018, Yandex and Sberbank formed a joint venture based on
the Yandex.Market platform. Since that date, each of Yandex and Sberbank
hold an equal number of the outstanding shares in Yandex.Market, with 10% of
outstanding shares allocated to management and an equity incentive pool.
Accordingly, starting April 27, 2018, we deconsolidated Yandex.Market from
Yandex’s consolidated financial results and, under the equity method of
accounting, we record our share of Yandex.Market’s financial results within
the (income)/loss from equity method investments line in the consolidated
statements of income. Financial results excluding Yandex.Market exclude the
results of Yandex.Market and Yandex's share of Yandex.Market’s net loss
after the deconsolidation from the three and six months periods ended June
30, 2018 and 2019.</p>
<p style="margin: 24px 0">Our segment disclosure is available in the
Segment
financial
results
table
below Income from operations.</p>
<p><strong>Consolidated revenues breakdown</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Online advertising revenues:</p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Yandex properties</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;18,863</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;22,854</p>
    </td>
    <td width="10%">
        <p align="right"><em>21%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;36,338</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;43,766</p>
    </td>
    <td width="10%">
        <p align="right"><em>20%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Advertising network</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,619</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,287</p>
    </td>
    <td width="10%">
        <p align="right"><em>12%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;10,984</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12,415</p>
    </td>
    <td width="10%">
        <p align="right"><em>13%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Total online advertising revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;24,482</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,141</p>
    </td>
    <td width="10%">
        <p align="right"><em>19%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;47,322</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;56,181</p>
    </td>
    <td width="10%">
        <p align="right"><em>19%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Revenues related to Taxi segment</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,064</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,798</p>
    </td>
    <td width="10%">
        <p align="right"><em>116%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,180</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;16,422</p>
    </td>
    <td width="10%">
        <p align="right"><em>129%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Other</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,126</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,458</p>
    </td>
    <td width="10%">
        <p align="right"><em>207%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,743</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,078</p>
    </td>
    <td width="10%">
        <p align="right"><em>249%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Total revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,672</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;41,397</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;56,245</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;78,681</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
</tbody>
</table>
<p><br></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions, excluding Yandex.Market</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Online advertising revenues</p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Yandex properties </em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;18,454</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;22,854</p>
    </td>
    <td width="10%">
        <p align="right"><em>24%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;34,743</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;43,766</p>
    </td>
    <td width="10%">
        <p align="right"><em>26%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Advertising network </em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,593</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,287</p>
    </td>
    <td width="10%">
        <p align="right"><em>12%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;10,905</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12,415</p>
    </td>
    <td width="10%">
        <p align="right"><em>14%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Total online advertising revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;24,047</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,141</p>
    </td>
    <td width="10%">
        <p align="right"><em>21%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;45,648</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;56,181</p>
    </td>
    <td width="10%">
        <p align="right"><em>23%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Revenues related to Taxi segment</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,064</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,798</p>
    </td>
    <td width="10%">
        <p align="right"><em>116%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,180</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;16,422</p>
    </td>
    <td width="10%">
        <p align="right"><em>129%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Other</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,239</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,458</p>
    </td>
    <td width="10%">
        <p align="right">179%</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,190</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,078</p>
    </td>
    <td width="10%">
        <p align="right">178%</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Total revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,350</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;41,397</p>
    </td>
    <td width="10%">
        <p align="right"><em>41%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;55,018</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;78,681</p>
    </td>
    <td width="10%">
        <p align="right"><em>43%</em></p>
    </td>
</tr>
</tbody>
</table>
<p><strong>Online advertising revenues</strong> grew 19% in Q2 2019 compared
with Q2 2018 and generated 70% of total revenues. Online advertising
revenues include revenues derived from performance and brand advertising on
Yandex properties and in our advertising network. <strong>Excluding revenues
of Yandex.Market</strong> from Q2 2018, online advertising revenues grew
21% in Q2 2019 compared with Q2 2018.</p>
<p><strong>Online advertising revenues from Yandex properties</strong> increased
21% in Q2 2019 compared with Q2 2018 and accounted for 55% of total
revenues. <strong>Excluding revenues of Yandex.Market</strong> from Q2 2018,
online advertising revenues from Yandex properties increased 24% in Q2 2019
compared with Q2 2018.</p>
<p><strong>Online advertising revenues from our advertising network</strong>
increased 12% in Q2 2019 compared with Q2 2018 and accounted for 15% of
total revenues. The growth was primarily driven by the ongoing strong
contribution from medium and small partners.</p>
<p><strong>Revenues related to Taxi segment</strong> grew 116% in Q2 2019
compared with Q2 2018 and accounted for 21% of total revenues. This increase
mainly reflected the solid performance of our ride-sharing business due to
the increase in the number of rides and incentives optimization, the strong
growth of our corporate Taxi offering, which we recognize on a gross basis,
as well as the growing contribution of our food delivery businesses.</p>
<p><strong>Other revenues</strong> grew 207% in Q2 2019 compared with Q2 2018
and amounted to 8% 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><strong>Consolidated Operating Costs and Expenses</strong></p>
<p>Yandex’s operating costs and expenses consist of cost of revenues, product
development expenses, sales, general and administrative expenses (SG&amp;A)
and depreciation and amortization expenses (D&amp;A). Apart from D&amp;A,
each of the above expense categories include personnel-related costs and
expenses, relevant office space rental, and related share-based compensation
expense. Increases across all cost categories reflect investments in overall
growth. In Q2 2019 Yandex's headcount increased by 376 full-time employees.
The total number of full-time employees was 9,005 as of June 30, 2019, up by
4% compared with March 31, 2019, and up 9% from June 30, 2018.</p>
<p><strong>Cost of revenues, including traffic acquisition costs (TAC)</strong>
</p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>TAC:</p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Related to the Yandex advertising network
        </p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,439</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,802</p>
    </td>
    <td width="10%">
        <p align="right"><em>11%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,607</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,425</p>
    </td>
    <td width="10%">
        <p align="right"><em>12%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Related to distribution partners</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,285</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,792</p>
    </td>
    <td width="10%">
        <p align="right"><em>39%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,434</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,511</p>
    </td>
    <td width="10%">
        <p align="right"><em>44%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Total TAC</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,724</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,594</p>
    </td>
    <td width="10%">
        <p align="right"><em>18%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;9,041</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;10,936</p>
    </td>
    <td width="10%">
        <p align="right"><em>21%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Total TAC as a % of total revenues</em>
        </p>
    </td>
    <td width="10%">
        <p align="right"><em>15.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>13.5%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>16.1%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>13.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Costs related to Taxi segment</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;1,486</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;2,717</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>83%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;2,177</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;5,126</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>135%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Costs related to Taxi segment as a % of
                revenues</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>5.0%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>6.6%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>3.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>6.5%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Other cost of revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,050</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,266</p>
    </td>
    <td width="10%">
        <p align="right"><em>108%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,754</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,100</p>
    </td>
    <td width="10%">
        <p align="right"><em>116%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1"><em>Other cost of revenues as a % of
                revenues</em>
        </p>
    </td>
    <td width="10%">
        <p align="right"><em>6.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>10.3%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>6.7%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>10.3%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Total cost of revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,260</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12,577</p>
    </td>
    <td width="10%">
        <p align="right"><em>52%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;14,972</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;24,162</p>
    </td>
    <td width="10%">
        <p align="right"><em>61%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Total cost of revenues as a % of revenues</em>
        </p>
    </td>
    <td width="10%">
        <p align="right"><em>27.8%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>30.4%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>26.6%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>30.7%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
</tbody>
</table>
<p>TAC grew 18% in Q2 2019 compared with Q2 2018 and represented 13.5% of total
revenues, 240 basis points lower than in Q2 2018 and 81 basis points lower
compared with Q1 2019 as a result of revenue mix effect.</p>
<p><strong>Costs related to Taxi segment</strong> increased 83% compared with Q2
2018. The growth was mainly due to an increase of our outsourced costs and
services provided to Taxi corporate clients and the logistics costs related
to food delivery. We are the principal in transactions with our Taxi
corporate clients, therefore, we recognize both revenues and cost of
revenues on a gross basis. Costs related to Taxi corporate clients represent
payments we make to the drivers to fulfill our contract obligations to the
taxi corporate clients.</p>
<p><strong>Other cost of revenues</strong> in Q2 2019 increased 108% compared
with Q2 2018, mainly reflecting the growth of costs related to Yandex.Drive,
our investments in music and video content library within Media Services, as
well as our IoT initiatives.</p>
<p><strong>Product development</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Product development</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,386</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,995</p>
    </td>
    <td width="10%">
        <p align="right"><em>30%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;11,189</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;13,701</p>
    </td>
    <td width="10%">
        <p align="right"><em>22%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>As a % of revenues</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>18.1%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>16.8%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>19.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>17.5%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
</tbody>
</table>
<p>Product development expenses grew slower than revenues and primarily
reflected new hires, the growth of share-based compensation and salary
increases in Q2 2019. Excluding Yandex.Market from Q2 2018, product
development expenses grew 33% in Q2 2019 compared with Q2 2018.</p>
<p><strong>Sales, general and administrative (SG&amp;A)</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Sales, general and administrative</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,838</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;11,082</p>
    </td>
    <td width="10%">
        <p align="right"><em>25%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;16,847</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;21,433</p>
    </td>
    <td width="10%">
        <p align="right"><em>27%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>As a % of revenues</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>29.8%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>26.8%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>30.0%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>27.2%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
</tbody>
</table>
<p>SG&amp;A expenses grew 25% in Q2 2019 compared to Q2 2018. The growth was
mainly driven by the increase of personnel costs as a result of new hires
and salary increases as well as by the growth of our rent and utilities
expenses due to our headcount increase. Excluding Yandex.Market from Q2
2018, SG&amp;A expenses grew 29% in Q2 2019 compared with Q2 2018.</p>
<p><strong>Share-based compensation (SBC) expense</strong></p>
<p>SBC expense is included in each of the cost of revenues, product development,
and SG&amp;A categories discussed above.</p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">SBC expense included in cost of revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;43</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;64</p>
    </td>
    <td width="10%">
        <p align="right"><em>49%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;79</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;132</p>
    </td>
    <td width="10%">
        <p align="right"><em>67%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">SBC expense included in product development
        </p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,058</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,579</p>
    </td>
    <td width="10%">
        <p align="right"><em>49%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,204</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,011</p>
    </td>
    <td width="10%">
        <p align="right"><em>37%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">SBC expense included in SG&amp;A</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;460</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;704</p>
    </td>
    <td width="10%">
        <p align="right"><em>53%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;911</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,323</p>
    </td>
    <td width="10%">
        <p align="right"><em>45%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Total SBC expense</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,561</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,347</p>
    </td>
    <td width="10%">
        <p align="right"><em>50%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,194</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,466</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>As a % of revenues</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>5.3%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>5.7%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>5.7%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>5.7%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
</tbody>
</table>
<p>Total SBC expense increased 50% in Q2 2019 compared with Q2 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">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p class="indent-1">Depreciation and amortization</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,926</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,756</p>
    </td>
    <td width="10%">
        <p align="right"><em>28%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,816</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,013</p>
    </td>
    <td width="10%">
        <p align="right"><em>21%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>As a % of revenues</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>9.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>9.1%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>10.3%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>8.9%</em></p>
    </td>
    <td width="10%">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
</tbody>
</table>
<p>D&amp;A expense increased 28% in Q2 2019 compared with Q2 2018. The D&amp;A
expense increase primarily reflects our investments in servers and data
center equipment, costs related to land lease of the Korston Site, which we
acquired in December 2018 for our new Moscow headquarters, as well as
purchases of office equipment.</p>
<p><strong>Income from operations</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Income from operations</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,262</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,987</p>
    </td>
    <td width="10%">
        <p align="right"><em>64%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,421</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12,372</p>
    </td>
    <td width="10%">
        <p align="right"><em>67%</em></p>
    </td>
</tr>
</tbody>
</table>
<p>Income from operations increased 64% in Q2 2019 compared with Q2 2018.</p>
<p><strong>Segment financial results</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="32%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="33%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="33%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p><em>&nbsp;</em></p>
    </td>
    <td width="11%">
        <p align="center">2018</p>
    </td>
    <td width="11%">
        <p align="center">2019</p>
    </td>
    <td width="11%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="11%">
        <p align="center">2018</p>
    </td>
    <td width="11%">
        <p align="center">2019</p>
    </td>
    <td width="11%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p><strong>Revenues:</strong></p>
    </td>
    <td width="11%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="11%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="11%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="11%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="11%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="11%">
        <p><strong>&nbsp;</strong></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Search and Portal</p>
    </td>
    <td width="11%">
        <p align="right">23,965</p>
    </td>
    <td width="11%">
        <p align="right">29,090</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>21%</em></p>
    </td>
    <td width="11%">
        <p align="right">45,534</p>
    </td>
    <td width="11%">
        <p align="right">56,199</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>23%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 30px">Search and Portal,
            excluding
            IoT*</p>
    </td>
    <td width="11%">
        <p align="right">23,965</p>
    </td>
    <td width="11%">
        <p align="right">28,899</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>21%</em></p>
    </td>
    <td width="11%">
        <p align="right">45,534</p>
    </td>
    <td width="11%">
        <p align="right">55,786</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>23%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">E-commerce**</p>
    </td>
    <td width="11%">
        <p align="right">442</p>
    </td>
    <td width="11%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-100%</em></p>
    </td>
    <td width="11%">
        <p align="right">1,697</p>
    </td>
    <td width="11%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-100%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Taxi</p>
    </td>
    <td width="11%">
        <p align="right">4,064</p>
    </td>
    <td width="11%">
        <p align="right">8,810</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>117%</em></p>
    </td>
    <td width="11%">
        <p align="right">7,180</p>
    </td>
    <td width="11%">
        <p align="right">16,449</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>129%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Classifieds</p>
    </td>
    <td width="11%">
        <p align="right">915</p>
    </td>
    <td width="11%">
        <p align="right">1,302</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>42%</em></p>
    </td>
    <td width="11%">
        <p align="right">1,621</p>
    </td>
    <td width="11%">
        <p align="right">2,408</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>49%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Media Services</p>
    </td>
    <td width="11%">
        <p align="right">395</p>
    </td>
    <td width="11%">
        <p align="right">876</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>122%</em></p>
    </td>
    <td width="11%">
        <p align="right">816</p>
    </td>
    <td width="11%">
        <p align="right">1,610</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>97%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Other Bets and Experiments</p>
    </td>
    <td width="11%">
        <p align="right">1,130</p>
    </td>
    <td width="11%">
        <p align="right">3,420</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>203%</em></p>
    </td>
    <td width="11%">
        <p align="right">1,909</p>
    </td>
    <td width="11%">
        <p align="right">5,898</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>209%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Eliminations</p>
    </td>
    <td width="11%">
        <p align="right">(1,239)</p>
    </td>
    <td width="11%">
        <p align="right">(2,101)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>70%</em></p>
    </td>
    <td width="11%">
        <p align="right">(2,512)</p>
    </td>
    <td width="11%">
        <p align="right">(3,883)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>55%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Total revenues</p>
    </td>
    <td width="11%">
        <p align="right">29,672</p>
    </td>
    <td width="11%">
        <p align="right">41,397</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>40%</em></p>
    </td>
    <td width="11%">
        <p align="right">56,245</p>
    </td>
    <td width="11%">
        <p align="right">78,681</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Total revenues, excluding
            Yandex.Market**</p>
    </td>
    <td width="11%">
        <p align="right">29,350</p>
    </td>
    <td width="11%">
        <p align="right">41,397</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>41%</em></p>
    </td>
    <td width="11%">
        <p align="right">55,018</p>
    </td>
    <td width="11%">
        <p align="right">78,681</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>43%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p><strong>Adjusted EBITDA:</strong></p>
    </td>
    <td width="11%">
        <p align="right"></p>
    </td>
    <td width="11%">
        <p align="right"></p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="11%">
        <p align="right"></p>
    </td>
    <td width="11%">
        <p align="right"></p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Search and Portal</p>
    </td>
    <td width="11%">
        <p align="right">11,661</p>
    </td>
    <td width="11%">
        <p align="right">13,747</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>18%</em></p>
    </td>
    <td width="11%">
        <p align="right">22,215</p>
    </td>
    <td width="11%">
        <p align="right">26,594</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>20%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 30px">Search and Portal,
            excluding IoT*</p>
    </td>
    <td width="11%">
        <p align="right">11,694</p>
    </td>
    <td width="11%">
        <p align="right">13,870</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>19%</em></p>
    </td>
    <td width="11%">
        <p align="right">22,290</p>
    </td>
    <td width="11%">
        <p align="right">26,887</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>21%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">E-commerce**</p>
    </td>
    <td width="11%">
        <p align="right">(101)</p>
    </td>
    <td width="11%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-100%</em></p>
    </td>
    <td width="11%">
        <p align="right">(263)</p>
    </td>
    <td width="11%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-100%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Taxi</p>
    </td>
    <td width="11%">
        <p align="right">(1,882)</p>
    </td>
    <td width="11%">
        <p align="right">423</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-122%</em></p>
    </td>
    <td width="11%">
        <p align="right">(3,594)</p>
    </td>
    <td width="11%">
        <p align="right">307</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-109%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Classifieds</p>
    </td>
    <td width="11%">
        <p align="right">44</p>
    </td>
    <td width="11%">
        <p align="right">265</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="11%">
        <p align="right">(243)</p>
    </td>
    <td width="11%">
        <p align="right">(63)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-74%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Media Services</p>
    </td>
    <td width="11%">
        <p align="right">(260)</p>
    </td>
    <td width="11%">
        <p align="right">(438)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>68%</em></p>
    </td>
    <td width="11%">
        <p align="right">(357)</p>
    </td>
    <td width="11%">
        <p align="right">(878)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>146%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Other Bets and Experiments</p>
    </td>
    <td width="11%">
        <p align="right">(733)</p>
    </td>
    <td width="11%">
        <p align="right">(947)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>29%</em></p>
    </td>
    <td width="11%">
        <p align="right">(1,356)</p>
    </td>
    <td width="11%">
        <p align="right">(2,186)</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>61%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Eliminations</p>
    </td>
    <td width="11%">
        <p align="right">27</p>
    </td>
    <td width="11%">
        <p align="right">47</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>74%</em></p>
    </td>
    <td width="11%">
        <p align="right">58</p>
    </td>
    <td width="11%">
        <p align="right">91</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>57%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Total adjusted EBITDA</p>
    </td>
    <td width="11%">
        <p align="right">8,756</p>
    </td>
    <td width="11%">
        <p align="right">13,097</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>50%</em></p>
    </td>
    <td width="11%">
        <p align="right">16,460</p>
    </td>
    <td width="11%">
        <p align="right">23,865</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>45%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Total adjusted EBITDA, excluding
            Yandex.Market**</p>
    </td>
    <td width="11%">
        <p align="right">8,857</p>
    </td>
    <td width="11%">
        <p align="right">13,097</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>48%</em></p>
    </td>
    <td width="11%">
        <p align="right">16,723</p>
    </td>
    <td width="11%">
        <p align="right">23,865</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>43%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p><strong>Adjusted EBITDA margin:</strong></p>
    </td>
    <td width="11%" nowrap="nowrap" valign="bottom">
        <p></p>
    </td>
    <td width="11%" nowrap="nowrap" valign="bottom">
        <p></p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>&nbsp;</em></p>
    </td>
    <td width="11%">
        <p align="right"></p>
    </td>
    <td width="11%">
        <p align="right"></p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>&nbsp;</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Search and Portal</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">48.7%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">47.3%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-1.4%</em></p>
    </td>
    <td width="11%">
        <p align="right">48.8%</p>
    </td>
    <td width="11%">
        <p align="right">47.3%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-1.5%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 20px">Search and Portal,
            excluding IoT*</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">48.8%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">48.0%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-0.8%</em></p>
    </td>
    <td width="11%">
        <p align="right">49.0%</p>
    </td>
    <td width="11%">
        <p align="right">48.2%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-0.8%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">E-commerce**</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">-22.9%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="11%">
        <p align="right">-15.5%</p>
    </td>
    <td width="11%">
        <p align="right">n/m</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Taxi</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">-46.3%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">4.8%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>51.1%</em></p>
    </td>
    <td width="11%">
        <p align="right">-50.1%</p>
    </td>
    <td width="11%">
        <p align="right">1.9%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>52.0%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Classifieds</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">4.8%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">20.4%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>15.6%</em></p>
    </td>
    <td width="11%">
        <p align="right">-15.0%</p>
    </td>
    <td width="11%">
        <p align="right">-2.6%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>12.4%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Media Services</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">-65.8%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">-50.0%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>15.8%</em></p>
    </td>
    <td width="11%">
        <p align="right">-43.8%</p>
    </td>
    <td width="11%">
        <p align="right">-54.5%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-10.7%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Other Bets and Experiments</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">-64.9%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">-27.7%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>37.2%</em></p>
    </td>
    <td width="11%">
        <p align="right">-71.0%</p>
    </td>
    <td width="11%">
        <p align="right">-37.1%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>33.9%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Total adjusted EBITDA margin</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">29.5%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">31.6%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>2.1%</em></p>
    </td>
    <td width="11%">
        <p align="right">29.3%</p>
    </td>
    <td width="11%">
        <p align="right">30.3%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>1.0%</em></p>
    </td>
</tr>
<tr>
    <td width="32%">
        <p style="padding-left: 10px">Total adjusted EBITDA margin,
            excluding
            Yandex.Market**</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">30.2%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right">31.6%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>1.4%</em></p>
    </td>
    <td width="11%">
        <p align="right">30.4%</p>
    </td>
    <td width="11%">
        <p align="right">30.3%</p>
    </td>
    <td width="11%" nowrap="nowrap">
        <p align="right"><em>-0.1%</em></p>
    </td>
</tr>
</tbody>
</table>
<p><em><em>Financial result of segments are presented in the new segment
    structure that we introduced in Q1 2019. The historical data is
    provided in </em><em>the supplementary
    slides</em><em> related to Q2 2019 results.</em></em></p>
<p><em><em>*IoT stands for Internet of Things</em></em></p>
<p><em><em>**Our E-commerce segment revenues include revenues of Yandex.Market
    through April 27, 2018. As a result of deconsolidation, we record
    our share of Yandex.Market’s financial results within the
    (income)/loss from equity method investments line in the
    consolidated statements of income.</em></em></p>
<ul>
<li><em><em>Search and Portal segment offers a broad range of services in
        Russia, Belarus, Kazakhstan, Uzbekistan and Turkey, other than
        those described below. Since Q1 2019 our Search and Portal
        segment also includes Yandex.Health, previously reported in
        Other Bets and Experiments;</em></em></li>
<li><em><em>E-commerce segment includes Yandex.Market for the period prior
        to April 27, 2018, the date of the completion of the
        Yandex.Market joint venture between Yandex and
        Sberbank;</em></em></li>
<li><em><em>Taxi segment includes our Taxi business (including Yandex.Taxi
        and Uber in Russia and neighboring countries), Food Delivery
        business (including Yandex.EATs, UberEATs and Yandex.Chef, a
        meal kit subscription service) and Self-Driving Cars
        division;</em></em></li>
<li><em><em>Classifieds segment includes Auto.ru, Yandex.Realty and
        Yandex.Jobs; </em></em></li>
<li><em><em>Media Services segment includes KinoPoisk, Yandex.Music,
        Yandex.Afisha, Yandex.TV program, our production center
        Yandex.Studio and our subscription service
        Yandex.Plus;</em></em></li>
<li><em><em>Other Bets and Experiments category includes Zen, Yandex.Cloud,
        Yandex.Drive, Geolocation Services and Yandex.Education.
        Geolocation Services and Yandex.Education previously were a part
        of our Search and Portal segment;</em></em></li>
<li><em><em>Eliminations in our revenues represent the elimination of
        transactions between the reportable segments, primarily related
        to advertising. Eliminations related to our adjusted EBITDA
        mainly reflect reallocation of a portion of Search and Portal
        D&amp;A expenses related to leasehold improvements to office
        rent expenses of our business unites.</em></em></li>
</ul>
<p><strong>Adjusted EBITDA</strong> increased 50% in Q2 2019 compared with Q2
2018.</p>
<p><strong>Adjusted EBITDA excluding Yandex.Market</strong> increased 48% in Q2
2019 compared with Q2 2018. The growth was mainly driven by the improved
adjusted EBITDA of our Taxi segment and solid performance of Search and
Portal, which were slightly offset by our investments in the Media Services
and Cloud businesses as well as IoT initiatives.</p>
<p>Adjusted EBITDA of Taxi was RUB 423 million in Q2 2019, up from negative RUB
1,882 million in Q2 2018. The significant increase of adjusted EBITDA was
driven by consistently improving profitability of our ride-sharing business,
partially offset by our investments in food delivery and autonomous
vehicles.</p>
<p><strong>Interest income</strong> in Q2 2019 was RUB 834 million, compared
with RUB 817 million in Q2 2018.</p>
<p><strong>Interest expense</strong> in Q2 2019 was RUB 12 million, down from
RUB 243 million in Q2 2018.</p>
<p><strong>Foreign exchange</strong> loss in Q2 2019 was RUB 270 million,
compared with a foreign exchange gain of RUB 1,224 million in Q2 2018. This
loss reflects the appreciation of the Russian ruble during Q2 2019 from RUB
64.7347 to $1.00 on March 31, 2019, to RUB 63.0756 to $1.00 on June 30,
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&nbsp; a downward revaluation
of the ruble equivalent of these U.S. dollar-denominated monetary assets and
liabilities in Q2 2019.</p>
<p><strong>Income tax expense</strong> for Q2 2019 was RUB 3,033 million, up
from RUB 2,068 million in Q2 2018. Our effective tax rate of 47.0% in Q2
2019 was higher than in Q2 2018, primarily due to the gain from
deconsolidation of Yandex.Market recognized in Q2 2018 which is non-taxable.
Adjusted for this and similar effects, SBC expense, deferred tax asset
valuation allowances provided on operations of our Uber and Food Delivery
businesses acquired in late 2017 and early 2018, our effective tax rate for
Q2 2019 was 33.4%, compared with 23.4% for Q2 2018 as adjusted for SBC
expense and similar provisions in that year. The increase in the adjusted
effective tax rate was primarily driven by certain additional valuation
allowances provided in Q2 2019.</p>
<p><strong>Net income</strong> was RUB 3.4 billion ($54.2 million) in Q2 2019,
down 90% compared with Q2 2018.</p>
<p><strong>Adjusted net income</strong> in Q2 2019 was RUB 5.8 billion ($92.3
million), a 16% increase from Q2 2018. Excluding Yandex.Market, adjusted net
income increased 31% in Q2 2019 compared to Q2 2018.</p>
<p><strong>Adjusted net income margin</strong> was 14.1% in Q2 2019, compared
with 16.9% in Q2 2018.</p>
<p>As of June 30, 2019, Yandex had <strong>cash, cash equivalents and term
deposits</strong> of RUB 75.0 billion ($1,189.2 million), including
cash, cash equivalents and term deposits of Yandex.Taxi in total amount of
RUB 24.9
billion
($395.5 million).</p>
<p><strong>Net cash flow provided by operating activities</strong> for Q2 2019
was RUB 10.5 billion ($167.1 million) and <strong>capital
expenditures</strong> were RUB 7.7 billion ($122.5 million).</p>
<p><strong>Redeemable noncontrolling interests</strong> presented in our
condensed consolidated balance sheets relate to the equity incentive
arrangements we have made available to the senior employees of the Taxi and
Classifieds segments, pursuant to which such persons are eligible to acquire
depositary receipts, or receive options to acquire depositary receipts,
which entitle them to economic interests in the respective business unit
subsidiaries.</p>
<p>The <strong>total number of shares issued and outstanding</strong> as of June
30, 2019 was 326,898,551 including 289,149,892 Class A shares, 37,748,658
Class B shares, and one Priority share and excluding 3,417,763 Class A
shares held in treasury and all Class C shares outstanding solely as a
result of the conversion of Class B shares into Class A shares. All such
Class C shares were cancelled.</p>
<p>There were also employee share options outstanding to purchase up to an
additional 3.5 million shares, at a weighted average exercise price of
$35.72 per share, 1.5 million of which were fully vested; equity-settled
share appreciation rights (SARs) for 0.2 million shares, at a weighted
average measurement price of $32.63, all of which were fully vested; and
restricted share units (RSUs) covering 13.7 million shares, of which RSUs to
acquire 4.9 million shares were fully vested. Equity awards in respect of
business unit subsidiaries are described under Redeemable noncontrolling
interests above.</p>
<h2>Financial outlook</h2>
<p>Based on our recent performance, we currently expect our ruble-based revenues
excluding Yandex.Market to grow in the range of 32% to 36% for the full
year 2019 compared with 2018.</p>
<p>We reiterate our Search and Portal ruble-based revenue growth outlook of 19%
to 21% in the full year 2019 compared with 2018.</p>
<p>This outlook reflects our current view, based on the trends that we see at
this time, and may change in light of market and economic developments in
the business sectors and jurisdictions in which we operate.</p>
<h2>Conference Call Information</h2>
<p>Yandex’s management will hold an earnings conference call on July 26, 2019 at
8:00 AM U.S. Eastern Time (3:00 PM Moscow time; 1:00 PM London time).</p>
<p>To access the conference call live, please dial:</p>
<p>US: +1 866 966 1396<br>UK/International: +44 (0) 844 571 8892<br>Russia: 8 10
800 2357 5011<br>Passcode: 6329555</p>
<p>A replay of the call will be available until August 2, 2019. To access the
replay, please dial:</p>
<p>US: +1 917 677 7532<br>UK/International: +44 (0) 844 571 8951<br>Russia: +7
495 249 9138<br>Passcode: 6329555</p>
<p>A live and archived webcast of this conference call will be available at</p>
<p><a href="https://edge.media-server.com/mmc/p/o8kpp9gk" rel="nofollow"
target="_blank">https://edge.media-server.com/mmc/p/o8kpp9gk</a>&nbsp;
</p>
<h2>ABOUT YANDEX</h2>
<p>Yandex (NASDAQ:YNDX) is a technology company that builds intelligent products
and services powered by machine learning. Our goal is to help consumers and
businesses better navigate the online and offline world. Since 1997, we have
delivered world-class, locally relevant search and information services.
Additionally, we have developed market-leading on-demand transportation
services, navigation products, and other mobile applications for millions of
consumers across the globe. Yandex, which has 34 offices worldwide, has been
listed on the NASDAQ since 2011.<br>More information on Yandex can be found
at <a href="https://yandex.com/company" rel="nofollow"
target="_blank">https://yandex.com/company</a>.</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and
uncertainties. These include statements regarding our anticipated revenues
for full year 2019. Actual results may differ materially from the results
predicted or implied by such statements, and our reported results should not
be considered as an indication of future performance. The potential risks
and uncertainties that could cause actual results to differ from the results
predicted or implied by such statements include, among others, macroeconomic
and geopolitical developments affecting the Russian economy or our business,
changes in the political, legal and/or regulatory environment, competitive
pressures, changes in advertising patterns, changes in user preferences,
technological developments, and our need to expend capital to accommodate
the growth of the business, as well as those risks and uncertainties
included under the captions “Risk Factors” and “Operating and Financial
Review and Prospects” in our Annual Report on Form&nbsp;20-F for the year
ended December&nbsp;31, 2018, which is on file with the U.S. Securities and
Exchange Commission (SEC) and is available on our investor relations website
at <a href="http://ir.yandex.com/sec.cfm" rel="nofollow"
target="_blank">http://ir.yandex.com/sec.cfm</a>&nbsp;and on the SEC
website at www.sec.gov. All information in this release and in the
attachments is as of July 26, 2019, and Yandex undertakes no duty to update
this information unless required by law.</p>
<h2>USE OF NON-GAAP FINANCIAL MEASURES</h2>
<p>To supplement our condensed consolidated financial statements, which are
prepared and presented in accordance with U.S. GAAP, we present the
following non-GAAP financial measures: ex-TAC revenues, adjusted EBITDA,
adjusted EBITDA margin, adjusted ex-TAC EBITDA margin, adjusted net income,
adjusted net income margin and adjusted ex-TAC net income margin. The
presentation of these financial measures is not intended to be considered in
isolation or as a substitute for, or superior to, the financial information
prepared and presented in accordance with U.S. GAAP. For more information on
these non-GAAP financial measures, please see the tables captioned
“Reconciliations of non-GAAP financial measures to the nearest comparable
U.S. GAAP measures”, included following the accompanying financial tables.
We define the various non-GAAP financial measures we use as follows:</p>
<ul>
<li><strong>Ex-TAC revenues</strong> means U.S. GAAP revenues <u>less</u>
total traffic acquisition costs (TAC)</li>
<li><strong>Adjusted EBITDA</strong> means U.S. GAAP net income <u>plus</u>
(1)&nbsp;depreciation and amortization, (2)&nbsp;SBC expense,
(3)&nbsp;accrual of expense related to the contingent compensation that
may be payable to employees in connection with certain business
combinations, (4) interest expense, (5)&nbsp;income tax expense,
<u>less</u> (1) effect of Yandex.Market deconsolidation, (2) interest
income, (3) (income)/loss from equity method investments and (4) other
(income)/loss, net</li>
<li><strong>Adjusted EBITDA margin</strong> means adjusted EBITDA
<u>divided</u> by U.S. GAAP revenues</li>
<li><strong>Adjusted ex-TAC EBITDA margin</strong> means adjusted EBITDA
<u>divided</u> by ex-TAC revenues</li>
<li><strong>Adjusted net income</strong> means U.S. GAAP net income
<u>plus</u> (1)&nbsp;SBC expense adjusted for the income tax reduction
attributable to SBC expense, (2)&nbsp;accrual of expense related to the
contingent compensation that may be payable to certain employees in
connection with certain business combinations, (3) amortization of debt
discount related to our convertible debt adjusted for the related
reduction in income tax, <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 net income and related margin measures excluding
these effects, in order to provide greater clarity regarding our operating
performance.</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 Q2 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>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>
<br>
<br>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Balance
Sheets</strong></p>
<p align="center"><strong>(in millions of Russian rubles and U.S. dollars,
except share and per share data)</strong></p>
<table
style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td style="vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td colspan="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>June&nbsp;30,&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>June&nbsp;30,&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: 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 ; ">
        <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 ; ">
        33,809</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 ; ">
        536.0</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 ; ">
        41,201</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 ; ">
        653.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Investments in 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="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 ; ">
        4,469</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 ; ">
        70.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        16,048</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 ; ">
        254.4</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        2,445</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 ; ">
        38.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Funds receivable, net</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        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 ; ">
        3,038</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 ; ">
        48.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        6,388</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 ; ">
        101.3</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 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 ; ">
        107,398</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 ; ">
        1,702.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&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 ; ">
        43,319</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 ; ">
        686.8</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        16,944</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        16,398</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 ; ">
        260.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        10,893</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 ; ">
        172.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        1,656</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 ; ">
        26.3</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        52,967</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        839.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        2,103</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 ; ">
        33.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        30,473</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 ; ">
        483.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Deferred tax 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 ; ">
        2,211</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 ; ">
        35.1</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 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 ; ">
        3,101</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 ; ">
        49.2</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 ; "><strong><strong>TOTAL
                ASSETS</strong></strong></td>
    <td style="vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;258,387</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;270,519</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;4,288.8</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; "><strong><strong>LIABILITIES
                AND SHAREHOLDERS’ EQUITY</strong></strong></td>
    <td style="vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Current liabilities:</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Accounts payable and accrued
        liabilities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        22,550</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        26,072</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 ; ">
        413.4</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        6,550</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        103.8</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Deferred revenue</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        2,792</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        2,796</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 ; ">
        44.3</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Total current liabilities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        29,401</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        35,418</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 ; ">
        561.5</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 ; ">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 ; ">
        2,138</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 ; ">
        33.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        12,204</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        9,876</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 ; ">
        156.6</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        1,026</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 ; ">
        16.2</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 liabilities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        43,746</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        48,458</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 ; ">
        768.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        13,528</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 ; ">
        214.5</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Shareholders’ equity:</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Priority share: €1.00 par
        value; 1 share authorized, issued and outstanding</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        —</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        —</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        —</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Preference shares: €0.01 par
        value; 1,000,000,001 shares authorized, nil shares issued and
        outstanding</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        —</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        —</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        —</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Ordinary shares: par value
        (Class A €0.01, Class B €0.10 and Class C €0.09); shares
        authorized (Class A: 1,000,000,000, Class B: 46,997,887 and
        Class C: 46,997,887); shares issued (Class A: 292,437,655 and
        292,567,655, Class B: 37,878,658 and 37,748,658, and Class C:
        nil and 130,000, respectively); shares outstanding (Class A:
        286,848,365 and 289,149,892, Class B: 37,878,658 and 37,748,658,
        and Class C: nil)</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        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 ; ">
        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 ; ">
        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 3,417,763, 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 ; ">
        (6,638</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 ; ">
        (105.2</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 ; ">
        70,016</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 ; ">
        1,110.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Accumulated other
        comprehensive income</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        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 ; ">
        5,692</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 ; ">
        90.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        117,920</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 ; ">
        1,869.5</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 ; ">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 ; ">
        187,253</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 ; ">
        2,968.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        21,280</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 ; ">
        337.4</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 ; ">
        208,533</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 ; ">
        3,306.1</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;258,387</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;270,519</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;4,288.8</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
</tr>
</tbody>
</table>
<p>*&nbsp;<em><em>&nbsp;&nbsp;&nbsp;&nbsp; Derived from audited consolidated
    financial statements except for restatement of balances due to
    adoption of ASC 842 Leases, which required the recognition of
    right-of-use assets and lease liabilities for operating
    leases</em></em></p>
<p><br></p>
<p align="center"><strong>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of
Income</strong></p>
<p align="center"><strong>(in millions of Russian rubles and U.S. dollars,
except share and per share data)</strong></p>
<table
style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="8"
        style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>Three months ended
                June&nbsp;30,&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: center ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="2"
        style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td
        style="max-width:61%; width:61%; min-width:61%;;vertical-align: bottom ; ">
        Revenues</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        29,672</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:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        41,397</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:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        656.3</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 ; ">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 ; ">
        8,260</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 ; ">
        12,577</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 ; ">
        199.4</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 ; ">
        5,386</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 ; ">
        6,995</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 ; ">
        110.9</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 ; ">
        8,838</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        11,082</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 ; ">
        175.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Depreciation and amortization
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        2,926</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 ; ">
        3,756</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 ; ">
        59.5</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 ; ">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 ; ">
        25,410</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        34,410</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 ; ">
        545.5</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 ; ">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 ; ">
        4,262</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 ; ">
        6,987</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 ; ">
        110.8</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Interest income</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        817</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 ; ">
        834</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 ; ">
        13.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Interest expense</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (243</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</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 ; ">
        (0.2</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 ; ">Income/(loss) from equity
        method investments</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        211</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 ; ">
        (946</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 ; ">
        (15.0</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 ; ">
        1,352</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 ; ">
        (414</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 ; ">
        (6.6</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Net income before income taxes
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        34,643</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 ; ">
        6,449</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 ; ">
        102.2</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 ; ">
        2,068</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 ; ">
        3,033</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        48.0</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        32,575</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 ; ">
        3,416</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 ; ">
        54.2</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Net 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 ; ">
        715</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 ; ">
        289</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 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>33,290</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">
        <strong><strong>&nbsp;</strong></strong></td>
    <td
        style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>3,705</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>58.7</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 ; ">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 ; ">
        101.44</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 ; ">
        11.35</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 ; ">
        0.18</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 ; ">
        99.00</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 ; ">
        11.03</td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        0.17</td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        328,163,442</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 ; ">
        326,335,979</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 ; ">
        326,335,979</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 ; ">
        336,270,128</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 ; ">
        334,912,393</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 ; ">
        334,912,393</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</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="border-top: solid black 1pt ; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="border-top: 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>
</tbody>
</table>
<p>(1) These balances exclude depreciation and amortization expenses, which are
presented separately, and include share-based compensation expenses
of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<table
style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
<tr>
    <td
        style="max-width:61%; width:61%; min-width:61%;;vertical-align: bottom ; ">
        Cost of revenues</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td colspan="3"
        style="max-width:11%; width:11%; min-width:11%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        43</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:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        64</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1.0</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Product development</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="3"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1,058</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1,579</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        25.0</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Sales, general and
        administrative</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="3"
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        460</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        704</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        11.2</td>
    <td style="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>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>Six months ended
                June&nbsp;30,&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:61%; width:61%; min-width:61%;;vertical-align: bottom ; ">
        Revenues</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        56,245</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:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        78,681</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:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1,247.4</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 ; ">
        14,972</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 ; ">
        24,162</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 ; ">
        383.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        11,189</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 ; ">
        13,701</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 ; ">
        217.2</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(1)</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        16,847</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 ; ">
        21,433</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 ; ">
        339.8</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Depreciation and amortization
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        5,816</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 ; ">
        7,013</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 ; ">
        111.2</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 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 ; ">
        48,824</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 ; ">
        66,309</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 ; ">
        1,051.3</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 ; ">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 ; ">
        7,421</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 ; ">
        12,372</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 ; ">
        196.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Interest income</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1,525</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 ; ">
        1,661</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 ; ">
        26.3</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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;(464</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;(13</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;(0.2</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 ; ">
        &nbsp;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 ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Income/(loss) from equity
        method investments</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;302</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(1,584</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;(25.1</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;861</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;(649</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;(10.2</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 ; ">
        37,889</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        11,787</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 ; ">
        186.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        3,463</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 ; ">
        5,247</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 ; ">
        83.2</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Net income</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        34,426</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        6,540</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 ; ">
        103.7</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 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;1,244</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 ; ">
        687</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>35,670</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>7,227</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>114.6</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 ; ">
        108.88</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 ; ">
        22.19</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 ; ">
        0.35</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 ; ">
        106.16</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 ; ">
        21.65</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 ; ">
        0.34</td>
    <td
        style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Weighted average number of
        Class A and Class B shares outstanding</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Basic</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        327,618,094</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        325,741,663</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        325,741,663</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 ; ">
        335,991,164</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 ; ">
        333,750,613</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 ; ">
        333,750,613</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; ">&nbsp;
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; ">&nbsp;
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2"
        style="text-align: right ;  vertical-align: middle; ">&nbsp;
    </td>
</tr>
<tr>
    <td style="vertical-align: top ; "><em><em>&nbsp;</em></em></td>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
    <td>&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
</tbody>
</table>
<p>(1)&nbsp; These balances exclude depreciation and amortization expenses,
which are presented separately, and&nbsp;include share-based compensation
expenses of:<br></p>
<table
style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
<tr>
    <td
        style="max-width:61%; width:61%; min-width:61%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:11%; width:11%; min-width:11%;;vertical-align: bottom ; ">
        &nbsp;</td>
    <td
        style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Cost of revenues</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        79</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        132</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        2.1</td>
    <td
        style="text-align: right ;  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="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        2,204</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        3,011</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        47.7</td>
    <td
        style="text-align: right ;  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="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        911</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1,323</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        21.0</td>
    <td
        style="text-align: right ;  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>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
Flows</strong><br><strong>(in millions of Russian rubles and U.S.
dollars)</strong></p>
<table
style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="8"
        style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>Three months ended
                June&nbsp;30,&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: center ;  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 ; ">
        32,575</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 ; ">
        3,416</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 ; ">
        54.2</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 ; ">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 ; ">
        2,376</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 ; ">
        3,100</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 ; ">
        49.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        550</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 ; ">
        656</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 ; ">
        10.4</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        1,233</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 ; ">
        2,097</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 ; ">
        33.2</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        187</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 ; ">
        1,561</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 ; ">
        2,347</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        37.2</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 ; ">
        (721</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 ; ">
        772</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 ; ">
        12.2</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 ; ">
        (1,224</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 ; ">
        270</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 ; ">
        4.3</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">(Income)/loss from equity
        method investments</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (213</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 ; ">
        946</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 ; ">
        15.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Other</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (90</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 ; ">
        182</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 ; ">
        2.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        (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 ; ">
        (908</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 ; ">
        (14.4</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 ; ">
        (2,298</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 ; ">
        (1,504</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 ; ">
        (23.8</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 ; ">
        1,683</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 ; ">
        (1,087)</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 ; ">
        (17.3)</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        194</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 ; ">
        256</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 ; ">
        4.1</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;6,822</strong></strong></td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;10,543</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;167.1</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 FLOWS USED IN INVESTING
        ACTIVITIES:</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Purchases of property and
        equipment and intangible assets</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (9,005</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 ; ">
        (7,724</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 ; ">
        (122.5</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 ; ">
        147</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</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 ; ">
        0.4</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        (38</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 ; ">
        (65</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 ; ">
        (1.0</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 term deposits
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (10,953</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 ; ">
        (27,755</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 ; ">
        (440.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Maturities of term deposits
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        3,448</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 ; ">
        5,552</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 ; ">
        88.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        (48</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 ; ">
        84</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 ; ">
        1.3</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 cash used in investing
        activities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;(18,630</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;(29,886</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;(473.8</strong></strong></td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>)</strong></strong></td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">CASH FLOWS USED IN FINANCING
        ACTIVITIES:</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Proceeds from exercise of
        share options</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        52</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        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 ; ">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 ; ">
        (187</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 ; ">
        (3.0</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 ordinary shares
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (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 ; ">
        -</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 ; ">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 ; ">
        (156</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        (14</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 ; ">
        (0.2</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 ; ">
        (44</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 ; ">
        20</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 ; ">
        0.3</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 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;(369</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;(161</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;(2.6</strong></strong></td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>)</strong></strong></td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Effect of exchange rate
        changes on cash and cash balances</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        1,681</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 ; ">
        (512</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 ; ">
        (8.0</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;(10,496</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;(20,016</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;(317.3</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 ; ">
        46,612</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        53,869</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        854.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        36,116</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 ; ">
        33,853</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 ; ">
        536.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&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 ; ">
        46,443</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        53,825</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        853.3</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 ; ">
        169</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        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 ; ">
        46,612</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        53,869</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        854.0</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="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 ; ">
        35,930</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 ; ">
        33,809</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 ; ">
        536.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        186</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, 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 ; ">
        36,116</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 ; ">
        33,853</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 ; ">
        536.7</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>YANDEX&nbsp;N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
Flows</strong><br><strong>(in millions of Russian rubles and U.S.
dollars) </strong></p>
<table
style="border-collapse: collapse ;  font-size: 15px; width:100%; border-collapse:collapse ;">
<tbody>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="8"
        style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>Six months ended
                June&nbsp;30,&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: center ;  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 ; ">
        &nbsp;34,426</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 ; ">
        &nbsp;6,540</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 ; ">
        &nbsp;103.7</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 ; ">
        &nbsp;4,728</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 ; ">
        &nbsp;5,740</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;91.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Amortization of intangible
        assets</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,088</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,273</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;20.2</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 ; ">
        &nbsp;2,371</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;4,009</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;63.6</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Amortization of debt discount
        and issuance costs</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;357</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Share-based compensation
        expense</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;3,194</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;4,466</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 ; ">
        &nbsp;70.8</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Deferred income taxes</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(1,432</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;1,760</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;27.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        &nbsp;(742</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;549</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;8.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        &nbsp;(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 ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">(Income)/loss from equity
        method investments</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(304</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;1,584</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;25.1</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</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(149</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;186</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;2.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Changes in operating assets
        and liabilities excluding the effect of acquisitions:</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(1,152</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;(1,576</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;(25.0</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 ; ">
        &nbsp;(2,676</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(4,642</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;(73.6</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Accounts payable and accrued
        liabilities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;610</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,147</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;18.2</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 revenue</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(66</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;34</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;0.5</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 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;12,009</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;21,070</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;334.0</strong></strong></td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">CASH FLOWS USED IN INVESTING
        ACTIVITIES:</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Purchases of property and
        equipment and intangible assets</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(10,161</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(9,705</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 ; ">
        &nbsp;(153.9</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Proceeds from sale of property
        and equipment</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;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 ; ">
        &nbsp;29</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;0.5</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Acquisitions of businesses,
        net of cash acquired</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;20,763</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(347</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(5.5</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Investments in non-marketable
        equity securities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(139</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;(65</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;(1.0</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 term deposits
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(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 ; ">
        &nbsp;(47,755</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;(757.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Maturities of term deposits
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;27,100</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;5,552</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 ; ">
        &nbsp;88.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        &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 ; ">Loans granted, net of proceeds
        from repayments</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(189</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;84</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;1.3</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 cash used in investing
        activities</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>&nbsp;(20,235</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;(52,207</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;(827.7</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 ; ">
        &nbsp;104</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;51</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;0.8</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(212</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(3.4</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Proceeds from sale of
        noncontrolling interests</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;20</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;0.3</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">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 ; ">
        &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;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;-</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Payment for contingent
        consideration</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(641</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;(47</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;(0.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Other financing activities
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(63</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;(12</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        )</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(0.2</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;(821</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</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;(3.2</strong></strong></td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>)</strong></strong></td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Effect of exchange rate
        changes on cash and cash balances</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,932</td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;(3,696</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;(58.5</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 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;(7,115</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;(35,033</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;(555.4</strong></strong></td>
    <td
        style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        <strong><strong>)</strong></strong></td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Cash and cash balances at
        beginning of period</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;43,231</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;68,886</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,092.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Cash and cash balances at end
        of period</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;36,116</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;33,853</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;536.7</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 ; ">
        &nbsp;42,662</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;68,798</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,090.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Restricted cash, beginning of
        period</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;569</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;88</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1.4</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Cash and cash balances,
        beginning of period</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;43,231</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;68,886</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;1,092.1</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Cash and cash equivalents, end
        of period</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;35,930</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;33,809</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 ; ">
        &nbsp;536.0</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Restricted cash, end of period
    </td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;186</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;44</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;0.7</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
</tr>
<tr>
    <td style="vertical-align: bottom ; ">Cash and cash balances, end of
        period</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;36,116</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;33,853</td>
    <td
        style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;</td>
    <td style="vertical-align: bottom ; ">&nbsp;</td>
    <td
        style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
        &nbsp;536.7</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 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 width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Total revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29,672</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;41,397</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;56,245</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;78,681</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Less: traffic acquisition costs (TAC)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,724</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,594</p>
    </td>
    <td width="10%">
        <p align="right"><em>18%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;9,041</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;10,936</p>
    </td>
    <td width="10%">
        <p align="right"><em>21%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Ex-TAC revenues</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;24,948</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;35,803</p>
    </td>
    <td width="10%">
        <p align="right"><em>44%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;47,204</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;67,745</p>
    </td>
    <td width="10%">
        <p align="right"><em>44%</em></p>
    </td>
</tr>
</tbody>
</table>
<p align="center"><strong>Reconciliation of Adjusted EBITDA to U.S. GAAP Net
Income</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Net income</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;32,575</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,416</p>
    </td>
    <td width="10%">
        <p align="right"><em>-90%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;34,426</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,540</p>
    </td>
    <td width="10%">
        <p align="right"><em>-81%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> depreciation and amortization</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,926</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,756</p>
    </td>
    <td width="10%">
        <p align="right"><em>28%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,816</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7,013</p>
    </td>
    <td width="10%">
        <p align="right"><em>21%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> share-based compensation expense</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,561</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,347</p>
    </td>
    <td width="10%">
        <p align="right"><em>50%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,194</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,466</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> compensation expense related to
            contingent consideration</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7</p>
    </td>
    <td width="10%">
        <p align="right"><em>0%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;14</p>
    </td>
    <td width="10%">
        <p align="right"><em>-52%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less</em>: effect of Yandex.Market
            deconsolidation</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(28,244)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(28,244)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less: </em>interest income</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(817)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(834)</p>
    </td>
    <td width="10%">
        <p align="right"><em>2%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(1,525)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(1,661)</p>
    </td>
    <td width="10%">
        <p align="right"><em>9%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> interest expense</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;243</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;12</p>
    </td>
    <td width="10%">
        <p align="right"><em>-95%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;464</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;13</p>
    </td>
    <td width="10%">
        <p align="right"><em>-97%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less:</em> (income)/loss from equity method
            investments</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(211)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;946</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(302)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,584</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less:</em> other (income)/loss, net</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(1,352)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;414</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(861)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;649</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> income tax expense</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,068</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,033</p>
    </td>
    <td width="10%">
        <p align="right"><em>47%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,463</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,247</p>
    </td>
    <td width="10%">
        <p align="right"><em>52%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Adjusted EBITDA</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;8,756</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;13,097</p>
    </td>
    <td width="10%">
        <p align="right"><em>50%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;16,460</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;23,865</p>
    </td>
    <td width="10%">
        <p align="right"><em>45%</em></p>
    </td>
</tr>
</tbody>
</table>
<p align="center"><strong>Reconciliation of Adjusted Net Income to U.S. GAAP
Net Income</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="36%">
        <p><em>In RUB millions</em></p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Three months ended June&nbsp;30,&nbsp;</p>
    </td>
    <td width="31%" colspan="3">
        <p align="center">Six months ended June&nbsp;30,&nbsp;</p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><strong>&nbsp;</strong></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
    <td width="10%">
        <p align="center">2018</p>
    </td>
    <td width="10%">
        <p align="center">2019</p>
    </td>
    <td width="10%">
        <p align="center"><em>Change</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Net income</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;32,575</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,416</p>
    </td>
    <td width="10%">
        <p align="right"><em>-90%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;34,426</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;6,540</p>
    </td>
    <td width="10%">
        <p align="right"><em>-81%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add: </em>SBC expense</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;1,561</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;2,347</p>
    </td>
    <td width="10%">
        <p align="right"><em>50%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;3,194</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;4,466</p>
    </td>
    <td width="10%">
        <p align="right"><em>40%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less:</em> reduction in income tax attributable
            to SBC expense</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(27)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(21)</p>
    </td>
    <td width="10%">
        <p align="right"><em>-22%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(47)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(39)</p>
    </td>
    <td width="10%">
        <p align="right"><em>-17%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> compensation expense related to
            contingent consideration</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;7</p>
    </td>
    <td width="10%">
        <p align="right"><em>0%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;29</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;14</p>
    </td>
    <td width="10%">
        <p align="right"><em>-52%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less: </em>foreign exchange (gains)/losses</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(1,224)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;270</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(742)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;549</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add: </em>increase/(reduction) in income tax
            attributable to foreign exchange
            (gains)/losses</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;223</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(73)</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;137</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(144)</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less: </em>effect of deconsolidation of former
            subsidiaries</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(28,244)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(121)</p>
    </td>
    <td width="10%">
        <p align="right"><em>-100%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(28,244)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(121)</p>
    </td>
    <td width="10%">
        <p align="right"><em>-100%</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Add:</em> amortization of debt discount</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;187</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;357</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p><em>Less:</em> reduction in income tax attributable
            to amortization of debt discount</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(46)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;(89)</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;-</p>
    </td>
    <td width="10%">
        <p align="right"><em>n/m</em></p>
    </td>
</tr>
<tr>
    <td width="36%">
        <p>Adjusted net income</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,012</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;5,825</p>
    </td>
    <td width="10%">
        <p align="right"><em>16%</em></p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;9,021</p>
    </td>
    <td width="10%">
        <p align="right">&nbsp;11,265</p>
    </td>
    <td width="10%">
        <p align="right"><em>25%</em></p>
    </td>
</tr>
</tbody>
</table>
<p align="center"><strong>Reconciliation of Adjusted EBITDA Margin and Adjusted
Ex-TAC EBITDA Margin to U.S. GAAP Net Income Margin</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="43%" valign="bottom" colspan="2">
        <p><strong><em>In RUB
                    millions </em></strong>
        </p>
    </td>
    <td colspan="6">
        <p><strong>&nbsp;</strong></p>
    </td>
</tr>
<tr>
    <td width="44%" colspan="2" valign="bottom">
        <p></p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>U.S. GAAP
                Actual Net
                Income</strong>
        </p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>Net Income
                Margin
                (1)</strong>
        </p>
    </td>
    <td width="10%" valign="bottom">
        <p align="center"><strong>Adjustment
                (2)</strong>
        </p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>Adjusted
                EBITDA</strong>
        </p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>Adjusted EBITDA
                Margin
                (3)</strong>
        </p>
    </td>
    <td width="9%" valign="bottom">
        <p align="center"><strong>Adjusted Ex-TAC
                EBITDA Margin
                (4)</strong>
        </p>
    </td>
</tr>
<tr>
    <td width="44%" colspan="2" valign="bottom">
        <p>Three months ended June&nbsp;30,&nbsp;2019</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;3,416</p>
    </td>
    <td width="8%" valign="bottom">
        <p align="right">8.3%</p>
    </td>
    <td width="10%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;9,681</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;13,097</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">
            31.6%</p>
    </td>
    <td width="9%" nowrap="nowrap" valign="bottom">
        <p align="right">
            36.6%</p>
    </td>
</tr>
<tr>
    <td width="44%" colspan="2" valign="bottom">
        <p>Six months ended June&nbsp;30,&nbsp;2019</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;6,540</p>
    </td>
    <td width="8%" valign="bottom">
        <p align="right">8.3%</p>
    </td>
    <td width="10%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;17,325</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;23,865</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">
            30.3%</p>
    </td>
    <td width="9%" nowrap="nowrap" valign="bottom">
        <p align="right">
            35.2%</p>
    </td>
</tr>
</tbody>
</table>
<hr style="border-bottom: 1px solid black">
<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, effect of
deconsolidation of former subsidiaries, interest income, interest expense,
(income)/loss from equity method investments, other (income)/loss, net 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 align="center"><strong>Reconciliation of Adjusted Net Income Margin and
Adjusted Ex-TAC Net Income Margin from U.S. GAAP Net Income
Margin</strong></p>
<table class="table_yandex">
<tbody>
<tr>
    <td width="43%" valign="bottom" colspan="2">
        <p><strong><em>In RUB
                    millions </em></strong>
        </p>
    </td>
    <td colspan="6">
        <p><strong>&nbsp;</strong></p>
    </td>
</tr>
<tr>
    <td width="44%" colspan="2" valign="bottom">
        <p></p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>U.S. GAAP
                Actual Net
                Income</strong>
        </p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>Net Income
                Margin
                (1)</strong>
        </p>
    </td>
    <td width="10%" valign="bottom">
        <p align="center"><strong>Adjustment
                (2)</strong>
        </p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>Adjusted Net
                Income</strong>
        </p>
    </td>
    <td width="8%" valign="bottom">
        <p align="center"><strong>Adjusted Net
                Income Margin
                (3)</strong>
        </p>
    </td>
    <td width="9%" valign="bottom">
        <p align="center"><strong>Adjusted Ex-TAC
                Net Income
                Margin
                (4)</strong>
        </p>
    </td>
</tr>
<tr>
    <td width="44%" colspan="2" valign="bottom">
        <p>Three months ended June&nbsp;30,&nbsp;2019</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;3,416</p>
    </td>
    <td width="8%" valign="bottom">
        <p align="right">8.3%</p>
    </td>
    <td width="10%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;2,409</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;5,825</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">
            14.1%</p>
    </td>
    <td width="9%" nowrap="nowrap" valign="bottom">
        <p align="right">
            16.3%</p>
    </td>
</tr>
<tr>
    <td width="44%" colspan="2" valign="bottom">
        <p>Six months ended June&nbsp;30,&nbsp;2019</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;6,540</p>
    </td>
    <td width="8%" valign="bottom">
        <p align="right">8.3%</p>
    </td>
    <td width="10%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;4,725</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">&nbsp;11,265</p>
    </td>
    <td width="8%" nowrap="nowrap" valign="bottom">
        <p align="right">
            14.3%</p>
    </td>
    <td width="9%" nowrap="nowrap" valign="bottom">
        <p align="right">
            16.6%</p>
    </td>
</tr>
</tbody>
</table>
<hr style="border-bottom: 1px solid black">
<p>(1) Net income margin is
defined as net income divided by total revenues.<br>
(2) Adjusted to
eliminate SBC expense (as adjusted for the income tax reduction attributable
to SBC expense), expense related to contingent compensation, foreign
exchange (gains)/losses as adjusted for the increase/(reduction) in income
tax attributable to the (gains)/losses, effect of deconsolidation of former
subsidiaries and amortization of debt discount (as adjusted for the related
reduction in income tax). For a reconciliation of adjusted net income to net
income, please see the table above.<br>
(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: <a
href="mailto:askIR@yandex-team.ru" rel="nofollow"
target="_blank">askIR@yandex-team.ru</a>&nbsp;</p>
<p>Media Relations<br>Ilya Grabovskiy<br>Phone: +7 495 739-70-00<br>E-mail: <a
href="mailto:pr@yandex-team.ru" rel="nofollow"
target="_blank">pr@yandex-team.ru</a>&nbsp;</p>
