<p>MOSCOW and AMSTERDAM, the Netherlands, July 28, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and
    the leading search and ride-hailing provider in Russia, today announced its
    unaudited financial results for the second quarter ended June 30, 2020.<br></p>
<h2>Q2 2020 Financial Highlights<sup><strong> (1)</strong></sup></h2>
<p><strong>Q2 2020 consolidated financial results</strong></p>
<ul>
    <li><strong>Revenues</strong> of RUB 41.4 billion ($591.9 million), in line with Q2 2019
    </li>
    <li><strong>Net loss</strong> of RUB&nbsp;3.7 billion ($52.3 million), down 203%
        compared with net income of RUB 3.6 billion in Q2 2019; <strong>net loss
            margin </strong>of -8.8%
    </li>
    <li><strong>Adjusted net income</strong> of RUB&nbsp;1.9 billion ($27.3
        million), down 67% compared with Q2 2019; <strong>adjusted net income
            margin</strong> of 4.6%
    </li>
    <li><strong>Adjusted EBITDA</strong> of RUB 8.5 billion ($121.3 million), down
        35% compared with Q2 2019; <strong>adjusted EBITDA margin</strong> of 20.5%
    </li>
</ul>
<p><strong>Cash, cash equivalents and term deposits as of June 30, 2020:</strong>
</p>
<ul>
    <li>RUB 241.9 billion ($3,457.8 million) on a consolidated basis, including the
        net proceeds from a public offering and concurrent private placement of 21.5
        million Class A shares on June 24, 2020
    </li>
    <li>Of which RUB 24.4 billion ($348.3 million) is related to Taxi segment</li>
    <li>RUB 17.8 billion ($254.2 million) related to Yandex.Market is not included
        in Yandex N.V. consolidated balance sheet as of June 30, 2020
    </li>
</ul>
<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 69.9513 to
    $1.00, the official exchange rate quoted as of June 30, 2020 by the Central Bank
    of the Russian Federation.</p>
<h2>Q2 2020 Operational and Corporate Highlights</h2>
<p><strong>Search</strong></p>
<ul type="disc">
    <li><strong>Share of Russian search market,</strong> including mobile, averaged
        59.6% in Q2 2020, up from 56.9% in Q2 2019 and 58.1% in Q1 2020, according
        to Yandex.Radar
    </li>
    <li><strong>Search share on Android</strong> in Russia was 57.5% in Q2 2020, up
        from 52.3% in Q2 2019 and 55.5% in Q1 2020, according to Yandex.Radar
    </li>
    <li><strong>Mobile search traffic</strong> was 56.6% of our total search traffic
        in Q2 2020. Mobile revenues represented 51.3% of our search revenues in Q2
        2020
    </li>
    <li><strong>Search queries</strong> in Russia grew 29% compared with Q2 2019
    </li>
    <li><strong>Paid clicks</strong> on Yandex’s and its partners’ websites, in
        aggregate, increased 22% compared with Q2 2019
    </li>
    <li>Average <strong>cost per click</strong> decreased 30% compared with Q2 2019
    </li>
</ul>
<p><strong>Business Units and Experiments</strong></p>
<ul type="disc">
    <li><strong>Number of rides in the Taxi service </strong>declined 6%
        year-on-year compared with Q2 2019
    </li>
    <li>Number of <strong>Media Services subscribers</strong> was 4.5 million as of
        the end of Q2 2020
    </li>
    <li><strong>Zen's daily average audience</strong> reached 16.8 million users in
        June 2020, up 59% from June 2019
    </li>
</ul>
<p><strong>Corporate</strong></p>
<ul type="disc">
    <li>Yandex entered into a binding agreement with Sberbank to reorganize their
        two Joint Ventures – Yandex.Market and Yandex.Money. The transactions closed
        on July 23. As a result of these transactions, Yandex has become the
        controlling shareholder in Yandex.Market, while simultaneously exiting the
        Yandex.Money Joint Venture. Yandex paid net cash consideration of RUB 39.6
        billion to Sberbank at the closing date.
    </li>
    <li>Yandex issued 21,522,840 new Class A shares and raised gross proceeds of
        $1.06 billion (before deducting underwriting fees and expenses) in a public
        offering and concurrent private placement in June
    </li>
    <li>Yandex repurchased 732,175 Class A shares in Q2 2020, as part of the share
        repurchase program announced in November 2019
    </li>
</ul>
<p>“It has been both a challenging as well as eventful quarter for us,” said Arkady
    Volozh, Chief Executive Officer of Yandex. “Our top priority has been to ensure
    the well-being of our staff, our partners and our users, as we dedicated
    significant resources to support them through a variety of targeted social
    initiatives. The COVID-19 pandemic has put pressure on our core advertising and
    ride-hailing businesses, while at the same time creating a number of new
    opportunities that we believe further strengthen the company’s long-term
    potential. We are also excited to regain full operating control over
    Yandex.Market, which we believe will unlock significant synergies from the
    deeper integration of the e-commerce business with other parts of the Yandex
    ecosystem and accelerate its path to profitability.”</p>
<p>“We are pleased with the results we achieved during this very challenging
    quarter,” said Greg Abovsky, Chief Operating Officer and Chief Financial Officer
    of Yandex. “Our immediate focus on cost optimization and improving operational
    efficiency after the start of the lockdown has definitely paid off and enabled
    us to mitigate the negative impact of the pandemic on our financial performance.
    While we have limited visibility in terms of the pace of further recovery, we
    have been encouraged by the trends that we have seen in July. In addition, we
    believe that the recent capital raise provides us with ample financial
    flexibility to continue investing into existing strategic projects and to pursue
    new exciting opportunities.”</p>
<p><strong>Impact of COVID-19 Pandemic</strong><br>The COVID-19 pandemic and the
    resulting strict lockdown measures had a material impact on our financial
    results and operations in Q2 2020, particularly on our advertising and
    ride-hailing businesses, as well as classifieds and car-sharing services. The
    adverse impact was partially offset by the acceleration in FoodTech businesses
    (both Yandex.Eats and Lavka) and Media Services. During the second quarter
    Yandex incurred COVID-19 related expenses of RUB 408 million consisting of the
    costs of personal protective equipment (masks, sanitizers etc.), our Helping
    Hand project and our driver and courier support fund. In addition, we have
    invested in various social initiatives to support small and medium sized
    businesses, restaurants and taxi fleet companies during the challenging pandemic
    period, as well as in distance education initiatives.</p>
<p>The trends in April were particularly challenging, but we began to see a moderate
    recovery in advertising and ride-hailing from the end of the month, which
    continued in May and June (in classifieds and car-sharing the recovery began in
    June). In July we see a continuing improvement of revenue growth across all the
    businesses affected by COVID-19.</p>
<p>With regards to our financial position as of the end of June 30, 2020, our
    analysis of the effect of COVID-19 on goodwill, non-current assets and
    redeemable non-controlling interests shows no measurable impact. At the same
    time, the full impact of COVID-19 is still unknown and there is a limited
    visibility on the sustainability and the further dynamic of the performance
    recovery across Yandex businesses.</p>
<p>The extent to which the COVID-19 crisis impacts the Company’s results will depend
    on future developments, which are still highly uncertain and cannot be
    predicted, including new information which may emerge concerning the severity of
    COVID-19 and the actions to contain the virus or treat its impact, among others.
    The development of the situation with respect to COVID-19 may also lead to
    changes in estimates and assumptions that affect the reported amounts of assets
    and liabilities. Actual results could differ from those estimates.</p>
<p><strong>Consolidated Results</strong><br>The following table provides a summary
    of our key <strong><strong>consolidated financial</strong></strong> results for
    the three and six months ended June 30, 2019 and 2020:</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="319"
            ><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="274" ><p>Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3" width="280" ><p>Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="319" ><p></p></td>
        <td width="94" ><p>2019</p></td>
        <td width="87" ><p>2020</p></td>
        <td width="94" ><p><em>Change</em></p></td>
        <td width="94" ><p>2019</p></td>
        <td width="94" ><p>2020</p></td>
        <td width="93" ><p><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="319" ><p>Revenues</p></td>
        <td width="94" ><p align="RIGHT">41,397</p></td>
        <td width="87" ><p align="RIGHT">41,407</p></td>
        <td width="94" ><p align="RIGHT"><em>0%</em></p></td>
        <td width="94" ><p align="RIGHT">78,681</p></td>
        <td width="94" ><p align="RIGHT">88,410</p></td>
        <td width="93" ><p align="RIGHT"><em>12%</em></p></td>
    </tr>
    <tr>
        <td width="319" ><p>Ex-TAC revenues2,3</p></td>
        <td width="94" ><p align="RIGHT">35,833</p></td>
        <td width="87" ><p align="RIGHT">37,252</p></td>
        <td width="94" ><p align="RIGHT"><em>4%</em></p></td>
        <td width="94" ><p align="RIGHT">67,782</p></td>
        <td width="94" ><p align="RIGHT">78,896</p></td>
        <td width="93" ><p align="RIGHT"><em>16%</em></p></td>
    </tr>
    <tr>
        <td width="319" ><p>Income from operations</p></td>
        <td width="94" ><p align="RIGHT">7,134</p></td>
        <td width="87" ><p align="RIGHT">215</p></td>
        <td width="94" ><p align="RIGHT"><em>-97%</em></p></td>
        <td width="94" ><p align="RIGHT">11,949</p></td>
        <td width="94" ><p align="RIGHT">5,503</p></td>
        <td width="93" ><p align="RIGHT"><em>-54%</em></p></td>
    </tr>
    <tr>
        <td width="319" ><p>Adjusted EBITDA2</p></td>
        <td width="94" ><p align="RIGHT">13,097</p></td>
        <td width="87" ><p align="RIGHT">8,485</p></td>
        <td width="94" ><p align="RIGHT"><em>-35%</em></p></td>
        <td width="94" ><p align="RIGHT">23,865</p></td>
        <td width="94" ><p align="RIGHT">20,632</p></td>
        <td width="93" ><p align="RIGHT"><em>-14%</em></p></td>
    </tr>
    <tr>
        <td width="319" ><p>Net income/(loss)</p></td>
        <td width="94" ><p align="RIGHT">3,563</p></td>
        <td width="87" ><p align="RIGHT">(3,658)</p></td>
        <td width="94" ><p align="RIGHT"><em>-203%</em></p></td>
        <td width="94" ><p align="RIGHT">6,117</p></td>
        <td width="94" ><p align="RIGHT">1,837</p></td>
        <td width="93" ><p align="RIGHT"><em>-70%</em></p></td>
    </tr>
    <tr>
        <td width="319" ><p>Adjusted net income2</p></td>
        <td width="94" ><p align="RIGHT">5,825</p></td>
        <td width="87" ><p align="RIGHT">1,913</p></td>
        <td width="94" ><p align="RIGHT"><em>-67%</em></p></td>
        <td width="94" ><p align="RIGHT">11,265</p></td>
        <td width="94" ><p align="RIGHT">7,061</p></td>
        <td width="93" ><p align="RIGHT"><em>-37%</em></p></td>
    </tr>
    </tbody>
</table>
<p>(2) The following measures presented in this release are “non-GAAP financial
    measures”: ex-TAC revenues; adjusted EBITDA; adjusted EBITDA margin; adjusted
    ex-TAC EBITDA margin; adjusted net income; adjusted net income margin and
    adjusted ex-TAC net income margin. Please see the section headed “Use of
    Non-GAAP Financial Measures” below for a discussion of how we define these
    measures, as well as reconciliations at the end of this release of each of these
    measures to the most directly comparable U.S. GAAP measures.</p>
<p>(3) Numbers for the previous periods were restated to reflect minor adjustments
    of TAC revenue and expenses associated to the presentation of certain content
    related streams.</p>
<p>Our segment disclosure is available in the Segment financial results section
    below.</p>
<p><strong>Consolidated revenues breakdown</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="306" ><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="263" ><p>Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3" width="269" >Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="306" ><p></p></td>
        <td width="90" ><p>2019</p></td>
        <td width="83" ><p>2020</p></td>
        <td width="90" ><p><em>Change</em></p></td>
        <td width="90" ><p>2019</p></td>
        <td width="90" ><p>2020</p></td>
        <td width="89" ><p><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="306"><p>Online advertising revenues:</p></td>
        <td width="90"><p align="RIGHT"></p></td>
        <td width="83"><p align="RIGHT"></p></td>
        <td width="90"><p align="RIGHT"></p></td>
        <td width="90"><p align="RIGHT"></p></td>
        <td width="90"><p align="RIGHT"></p></td>
        <td width="89"><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="306"><p class="indent-1"><em>Yandex properties</em></p></td>
        <td width="90"><p align="RIGHT">22,895</p></td>
        <td width="83"><p align="RIGHT">20,425</p></td>
        <td width="90"><p align="RIGHT"><em>-11%</em></p></td>
        <td width="90"><p align="RIGHT">43,830</p></td>
        <td width="90"><p align="RIGHT">44,765</p></td>
        <td width="89"><p align="RIGHT"><em>2%</em></p></td>
    </tr>
    <tr>
        <td width="306"><p class="indent-1"><em>Advertising network</em></p></td>
        <td width="90"><p align="RIGHT">6,246</p></td>
        <td width="83"><p align="RIGHT">4,335</p></td>
        <td width="90"><p align="RIGHT"><em>-31%</em></p></td>
        <td width="90"><p align="RIGHT">12,351</p></td>
        <td width="90"><p align="RIGHT">10,104</p></td>
        <td width="89"><p align="RIGHT"><em>-18%</em></p></td>
    </tr>
    <tr>
        <td width="306"><p>Total online advertising revenues</p></td>
        <td width="90"><p align="RIGHT">29,141</p></td>
        <td width="83"><p align="RIGHT">24,760</p></td>
        <td width="90"><p align="RIGHT"><em>-15%</em></p></td>
        <td width="90"><p align="RIGHT">56,181</p></td>
        <td width="90"><p align="RIGHT">54,869</p></td>
        <td width="89"><p align="RIGHT"><em>-2%</em></p></td>
    </tr>
    <tr>
        <td width="306"><p>Revenues related to Taxi segment</p></td>
        <td width="90"><p align="RIGHT">8,798</p></td>
        <td width="83"><p align="RIGHT">12,473</p></td>
        <td width="90"><p align="RIGHT"><em>42%</em></p></td>
        <td width="90"><p align="RIGHT">16,422</p></td>
        <td width="90"><p align="RIGHT">23,841</p></td>
        <td width="89"><p align="RIGHT"><em>45%</em></p></td>
    </tr>
    <tr>
        <td width="306"><p>Other</p></td>
        <td width="90"><p align="RIGHT">3,458</p></td>
        <td width="83"><p align="RIGHT">4,174</p></td>
        <td width="90"><p align="RIGHT"><em>21%</em></p></td>
        <td width="90"><p align="RIGHT">6,078</p></td>
        <td width="90"><p align="RIGHT">9,700</p></td>
        <td width="89"><p align="RIGHT"><em>60%</em></p></td>
    </tr>
    <tr>
        <td width="306"><p>Total revenues</p></td>
        <td width="90"><p align="RIGHT">41,397</p></td>
        <td width="83"><p align="RIGHT">41,407</p></td>
        <td width="90"><p align="RIGHT"><em>0%</em></p></td>
        <td width="90"><p align="RIGHT">78,681</p></td>
        <td width="90"><p align="RIGHT">88,410</p></td>
        <td width="89"><p align="RIGHT"><em>12%</em></p></td>
    </tr>
    </tbody>
</table>
<p><strong>Online advertising revenues</strong> decreased 15% in Q2 2020 compared
    with Q2 2019 and generated 60% of total revenues. The negative dynamic of online
    advertising revenue was driven by the decrease in advertising budgets and
    slowdown of business activity on the back of the coronavirus outbreak and the
    resulting lockdown measures. Online advertising revenues include revenues
    derived from performance and brand advertising on Yandex properties and in our
    advertising network.</p>
<p><strong>Online advertising revenues from Yandex properties</strong> decreased 11%
    in Q2 2020 compared with Q2 2019 and accounted for 49% of total revenues.</p>
<p><strong>Online advertising revenues from our advertising network</strong>
    decreased 31% in Q2 2020 compared with Q2 2019 and accounted for 10% of total
    revenues.</p>
<p><strong>Revenues related to the Taxi segment</strong> grew 42% in Q2 2020
    compared with Q2 2019 and accounted for 30% of total revenues, compared with 21%
    of total revenues in Q2 2019. This increase was mainly attributed to the growth
    of our FoodTech services, including the contributions from Yandex.Lavka and
    Yandex.Eats, as well as the growth of our corporate Taxi business, the revenues
    of which we recognize on a gross basis.</p>
<p><strong>Other revenues</strong> grew 21% in Q2 2020 compared with Q2 2019 and
    amounted to 10% of total revenues. The growth was primarily driven by
    subscription revenues of Media Services, our initiatives related to IoT
    (Internet of Things) and expansion of our Cloud business, partially offset by a
    decline in revenues of Yandex.Drive due to the suspension of car-sharing
    services in Moscow and Saint-Petersburg during the majority of Q2 2020.</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 2020 Yandex's headcount decreased by 198 full-time employees, compared to Q1
    2020. The total number of full-time employees was 10,227 as of June 30, 2020,
    down by 2% compared with March 31, 2020, and up 14% from June 30, 2019.</p>
<p><strong>Cost of revenues, including traffic acquisition costs (TAC)</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="308" ><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="265" ><p>Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3" width="271" >Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="308" ><p></p></td>
        <td width="91" ><p>2019</p></td>
        <td width="84" ><p>2020</p></td>
        <td width="91" ><p><em>Change</em></p></td>
        <td width="90" ><p>2019</p></td>
        <td width="91" ><p>2020</p></td>
        <td width="90" ><p><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p>TAC:</p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="84" ><p align="RIGHT"></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="90" ><p align="RIGHT"></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="90" ><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="308" ><p class="indent-1">Related to the Yandex advertising
            network</p></td>
        <td width="91" ><p align="RIGHT">3,772</p></td>
        <td width="84" ><p align="RIGHT">2,724</p></td>
        <td width="91" ><p align="RIGHT"><em>-28%</em></p></td>
        <td width="90" ><p align="RIGHT">7,388</p></td>
        <td width="91" ><p align="RIGHT">6,343</p></td>
        <td width="90" ><p align="RIGHT"><em>-14%</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p class="indent-1">Related to distribution partners</p>
        </td>
        <td width="91" ><p align="RIGHT">1,792</p></td>
        <td width="84" ><p align="RIGHT">1,431</p></td>
        <td width="91" ><p align="RIGHT"><em>-20%</em></p></td>
        <td width="90" ><p align="RIGHT">3,511</p></td>
        <td width="91" ><p align="RIGHT">3,171</p></td>
        <td width="90" ><p align="RIGHT"><em>-10%</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p>Total TAC</p></td>
        <td width="91" ><p align="RIGHT">5,564</p></td>
        <td width="84" ><p align="RIGHT">4,155</p></td>
        <td width="91" ><p align="RIGHT"><em>-25%</em></p></td>
        <td width="90" ><p align="RIGHT">10,899</p></td>
        <td width="91" ><p align="RIGHT">9,514</p></td>
        <td width="90" ><p align="RIGHT"><em>-13%</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p class="indent-1"><em>Total TAC as a % of total
            revenues</em></p></td>
        <td width="91" ><p align="RIGHT"><em>13.4%</em></p></td>
        <td width="84" ><p align="RIGHT"><em>10.0%</em></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="90" ><p align="RIGHT"><em>13.9%</em></p></td>
        <td width="91" ><p align="RIGHT"><em>10.8%</em></p></td>
        <td width="90" ><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="308" ><p>Costs related to Taxi segment</p></td>
        <td width="91" ><p align="RIGHT">2,731</p></td>
        <td width="84" ><p align="RIGHT">5,905</p></td>
        <td width="91" ><p align="RIGHT"><em>116%</em></p></td>
        <td width="90" ><p align="RIGHT">5,157</p></td>
        <td width="91" ><p align="RIGHT">9,841</p></td>
        <td width="90" ><p align="RIGHT"><em>91%</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p class="indent-1"><em>Costs related to Taxi segment as a
            % of revenues</em></p></td>
        <td width="91" ><p align="RIGHT"><em>6.6%</em></p></td>
        <td width="84" ><p align="RIGHT"><em>14.3%</em></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="90" ><p align="RIGHT"><em>6.6%</em></p></td>
        <td width="91" ><p align="RIGHT"><em>11.1%</em></p></td>
        <td width="90" ><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="308" ><p>Other cost of revenues</p></td>
        <td width="91" ><p align="RIGHT">4,282</p></td>
        <td width="84" ><p align="RIGHT">5,852</p></td>
        <td width="91" ><p align="RIGHT"><em>37%</em></p></td>
        <td width="90" ><p align="RIGHT">8,106</p></td>
        <td width="91" ><p align="RIGHT">12,792</p></td>
        <td width="90" ><p align="RIGHT"><em>58%</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p class="indent-1"><em>Other cost of revenues as a % of
            revenues</em></p></td>
        <td width="91" ><p align="RIGHT"><em>10.3%</em></p></td>
        <td width="84" ><p align="RIGHT"><em>14.1%</em></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="90" ><p align="RIGHT"><em>10.3%</em></p></td>
        <td width="91" ><p align="RIGHT"><em>14.5%</em></p></td>
        <td width="90" ><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="308" ><p>Total cost of revenues</p></td>
        <td width="91" ><p align="RIGHT">12,577</p></td>
        <td width="84" ><p align="RIGHT">15,912</p></td>
        <td width="91" ><p align="RIGHT"><em>27%</em></p></td>
        <td width="90" ><p align="RIGHT">24,162</p></td>
        <td width="91" ><p align="RIGHT">32,147</p></td>
        <td width="90" ><p align="RIGHT"><em>33%</em></p></td>
    </tr>
    <tr>
        <td width="308" ><p class="indent-1"><em>Total cost of revenues as a % of
            revenues</em></p></td>
        <td width="91" ><p align="RIGHT"><em>30.4%</em></p></td>
        <td width="84" ><p align="RIGHT"><em>38.4%</em></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
        <td width="90" ><p align="RIGHT"><em>30.7%</em></p></td>
        <td width="91" ><p align="RIGHT"><em>36.4%</em></p></td>
        <td width="90" ><p align="RIGHT"></p></td>
    </tr>
    </tbody>
</table>
<p>TAC decreased 25% in Q2 2020 compared with Q2 2019 and represented 10% of total
    revenues, down 340 basis points compared with Q2 2019 and 140 basis points down
    compared with Q1 2020 reflecting the decline of advertising revenues and
    optimization of TAC rates.</p>
<p><strong>Costs related to the Taxi segment </strong>increased 116% compared with
    Q2 2019. The growth was primarily a result of the increase of the costs of goods
    sold (COGS) in our FoodTech services, mainly reflecting the growth of
    Yandex.Lavka, our hyperlocal grocery delivery service, and the increase of costs
    related to our corporate Taxi business. We are the principal in transactions
    with our Taxi corporate clients and, therefore, we recognize both revenues and
    the cost of revenues on a gross basis.</p>
<p><strong>Other cost of revenues</strong> in Q2 2020 increased 37% compared with Q2
    2019 as a result of our investments in content within Media Services and Search
    and Portal, as well as our IoT initiatives.</p>
<p><strong>Product development</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="313" ><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="269" ><p>Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3" ><p>Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="313" ><p></p></td>
        <td width="92" ><p>2019</p></td>
        <td width="0" ><p>2020</p></td>
        <td width="177" ><p><em>Change</em></p></td>
        <td width="92" ><p>2019</p></td>
        <td width="92" ><p>2020</p></td>
        <td width="91" ><p><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="313" ><p>Product development</p></td>
        <td width="92" ><p align="RIGHT">6,896</p></td>
        <td width="0" ><p align="RIGHT">8,970</p></td>
        <td width="177" ><p align="RIGHT"><em>30%</em></p></td>
        <td width="92" ><p align="RIGHT">14,103</p></td>
        <td width="92" ><p align="RIGHT">16,898</p></td>
        <td width="91" ><p align="RIGHT"><em>20%</em></p></td>
    </tr>
    <tr>
        <td width="313" ><p class="indent-1"><em>As a % of revenues</em></p></td>
        <td width="92" ><p align="RIGHT"><em>16.6%</em></p></td>
        <td width="0" ><p align="RIGHT"><em>21.7%</em></p></td>
        <td width="177" ><p align="RIGHT"></p></td>
        <td width="92" ><p align="RIGHT"><em>17.9%</em></p></td>
        <td width="92" ><p align="RIGHT"><em>19.1%</em></p></td>
        <td width="91" ><p align="RIGHT"></p></td>
    </tr>
    </tbody>
</table>
<p>Product development expenses grew 30% in Q2 2020 compared to Q2 2019, primarily
    reflecting growth of share-based compensation and the increase of personnel
    expenses driven by new hires and salary increases.</p>
<p><strong>Sales, general and administrative (SG&amp;A)</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="309" ><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="266" ><p>Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3" ><p>Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="309" ><p></p></td>
        <td width="91" ><p>2019</p></td>
        <td width="84" ><p>2020</p></td>
        <td width="91" ><p><em>Change</em></p></td>
        <td width="91" ><p>2019</p></td>
        <td width="91" ><p>2020</p></td>
        <td width="90" ><p><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="309"><p>Sales, general and administrative</p></td>
        <td width="91"><p align="RIGHT">11,034</p></td>
        <td width="84"><p align="RIGHT">12,258</p></td>
        <td width="91"><p align="RIGHT"><em>11%</em></p></td>
        <td width="91"><p align="RIGHT">21,454</p></td>
        <td width="91"><p align="RIGHT">25,800</p></td>
        <td width="90"><p align="RIGHT"><em>20%</em></p></td>
    </tr>
    <tr>
        <td width="309"><p class="indent-1"><em>As a % of revenues</em></p></td>
        <td width="91"><p align="RIGHT"><em>26.7%</em></p></td>
        <td width="84"><p align="RIGHT"><em>29.6%</em></p></td>
        <td width="91"><p align="RIGHT"></p></td>
        <td width="91"><p align="RIGHT"><em>27.3%</em></p></td>
        <td width="91"><p align="RIGHT"><em>29.2%</em></p></td>
        <td width="90"><p align="RIGHT"></p></td>
    </tr>
    </tbody>
</table>
<p>SG&amp;A expenses grew 11% in Q2 2020 compared to Q2 2019. The growth was driven
    by the increase of share-based compensation and personnel costs, partially
    offset by savings on advertising and marketing expenses, particularly in the
    Taxi and Classifieds segments, and other overheads.</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="311"><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="267"><p align="CENTER">Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3"><p align="CENTER">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="311"><p></p></td>
        <td width="91"><p align="CENTER">2019</p></td>
        <td width="0"><p align="CENTER">2020</p></td>
        <td width="176"><p align="CENTER"><em>Change</em></p></td>
        <td width="91"><p align="CENTER">2019</p></td>
        <td width="91"><p align="CENTER">2020</p></td>
        <td width="91"><p align="CENTER"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="311"><p>SBC expense included in cost of revenues</p></td>
        <td width="91"><p align="RIGHT">64</p></td>
        <td width="0"><p align="RIGHT">138</p></td>
        <td width="176"><p align="RIGHT"><em>116%</em></p></td>
        <td width="91"><p align="RIGHT">132</p></td>
        <td width="91"><p align="RIGHT">214</p></td>
        <td width="91"><p align="RIGHT"><em>62%</em></p></td>
    </tr>
    <tr>
        <td width="311"><p>SBC expense included in product development</p></td>
        <td width="91"><p align="RIGHT">1,480</p></td>
        <td width="0"><p align="RIGHT">2,598</p></td>
        <td width="176"><p align="RIGHT"><em>76%</em></p></td>
        <td width="91"><p align="RIGHT">3,413</p></td>
        <td width="91"><p align="RIGHT">4,280</p></td>
        <td width="91"><p align="RIGHT"><em>25%</em></p></td>
    </tr>
    <tr>
        <td width="311"><p>SBC expense included in SG&amp;A</p></td>
        <td width="91"><p align="RIGHT">656</p></td>
        <td width="0"><p align="RIGHT">1,473</p></td>
        <td width="176"><p align="RIGHT"><em>125%</em></p></td>
        <td width="91"><p align="RIGHT">1,344</p></td>
        <td width="91"><p align="RIGHT">2,466</p></td>
        <td width="91"><p align="RIGHT"><em>83%</em></p></td>
    </tr>
    <tr>
        <td width="311"><p>Total SBC expense</p></td>
        <td width="91"><p align="RIGHT">2,200</p></td>
        <td width="0"><p align="RIGHT">4,209</p></td>
        <td width="176"><p align="RIGHT"><em>91%</em></p></td>
        <td width="91"><p align="RIGHT">4,889</p></td>
        <td width="91"><p align="RIGHT">6,960</p></td>
        <td width="91"><p align="RIGHT"><em>42%</em></p></td>
    </tr>
    <tr>
        <td width="311"><p class="indent-1"><em>As a % of revenues</em></p></td>
        <td width="91"><p align="RIGHT"><em>5.3%</em></p></td>
        <td width="0"><p align="RIGHT"><em>10.2%</em></p></td>
        <td width="176"><p align="RIGHT"></p></td>
        <td width="91"><p align="RIGHT"><em>6.2%</em></p></td>
        <td width="91"><p align="RIGHT"><em>7.9%</em></p></td>
        <td width="91"><p align="RIGHT"></p></td>
    </tr>
    </tbody>
</table>
<p>Total SBC expense increased 91% in Q2 2020 compared with Q2 2019. The growth was
    primarily related to new equity-based grants made in 2019-2020 as well as the
    replacement of cash bonuses by equity compensation for some senior employees, as
    part of the Company’s COVID-19 related cost optimization initiatives.</p>
<p><strong>Depreciation and amortization (D&amp;A) expense</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="319"><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="274"><p align="CENTER">Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3"><p align="CENTER">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="319"><p></p></td>
        <td width="94"><p align="CENTER">2019</p></td>
        <td width="87"><p align="CENTER">2020</p></td>
        <td width="94"><p align="CENTER"><em>Change</em></p></td>
        <td width="94"><p align="CENTER">2019</p></td>
        <td width="94"><p align="CENTER">2020</p></td>
        <td width="93"><p align="CENTER"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="319"><p>Depreciation and amortization</p></td>
        <td width="94"><p align="RIGHT">3,756</p></td>
        <td width="87"><p align="RIGHT">4,052</p></td>
        <td width="94"><p align="RIGHT"><em>8%</em></p></td>
        <td width="94"><p align="RIGHT">7,013</p></td>
        <td width="94"><p align="RIGHT">8,062</p></td>
        <td width="93"><p align="RIGHT"><em>15%</em></p></td>
    </tr>
    <tr>
        <td width="319"><p class="indent-1"><em>As a % of revenues</em></p></td>
        <td width="94"><p align="RIGHT"><em>9.1%</em></p></td>
        <td width="87"><p align="RIGHT"><em>9.8%</em></p></td>
        <td width="94"><p align="RIGHT"></p></td>
        <td width="94"><p align="RIGHT"><em>8.9%</em></p></td>
        <td width="94"><p align="RIGHT"><em>9.1%</em></p></td>
        <td width="93"><p align="RIGHT"></p></td>
    </tr>
    </tbody>
</table>
<p>D&amp;A expense increased 8% in Q2 2020 compared with Q2 2019. The D&amp;A
    expense increase was mainly driven by investments in intangible assets, servers
    and other equipment. Intangible assets amortization increased in line with
    investment growth in content creation and license procurement.</p>
<p><strong>Income from operations</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="122"><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="461"><p align="CENTER">Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3"><p align="CENTER">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="122"><p></p></td>
        <td width="283"><p align="CENTER">2019</p></td>
        <td width="85"><p align="CENTER">2020</p></td>
        <td width="92"><p align="CENTER"><em>Change</em></p></td>
        <td width="92"><p align="CENTER">2019</p></td>
        <td width="92"><p align="CENTER">2020</p></td>
        <td width="91"><p align="CENTER"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="122"><p>Income from operations</p></td>
        <td width="283"><p align="RIGHT">7,134</p></td>
        <td width="85"><p align="RIGHT">215</p></td>
        <td width="92"><p align="RIGHT"><em>-97%</em></p></td>
        <td width="92"><p align="RIGHT">11,949</p></td>
        <td width="92"><p align="RIGHT">5,503</p></td>
        <td width="91"><p align="RIGHT"><em>-54%</em></p></td>
    </tr>
    </tbody>
</table>
<p>Income from operations decreased 97% in Q2 2020 compared with Q2 2019. The
    decrease primarily reflects the decline of online advertising revenues and
    continuing investments in our rapidly growing new businesses.</p>
<p><strong>Segment financial results</strong></p>
<p><strong>Search &amp; Portal</strong></p>
<p>Our Search and Portal segment offers a broad range of services in Russia,
    Belarus, Kazakhstan and Uzbekistan.</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="278"><p><em>In RUB millions</em></p></td>
        <td colspan="3" width="295"><p align="CENTER">Three months
            ended June&nbsp;30,&nbsp;</p></td>
        <td colspan="3"><p align="CENTER">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="278"><p></p></td>
        <td width="98"><p align="CENTER">2019</p></td>
        <td width="0"><p align="CENTER">2020</p></td>
        <td width="196"><p align="CENTER"><em>Change</em></p></td>
        <td width="108"><p align="CENTER">2019</p></td>
        <td width="97"><p align="CENTER">2020</p></td>
        <td width="96"><p align="CENTER"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="278"><p><strong>Revenues:</strong></p></td>
        <td width="98"><p></p></td>
        <td width="0"><p></p></td>
        <td width="196"><p></p></td>
        <td width="108"><p></p></td>
        <td width="97"><p></p></td>
        <td width="96"><p></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal</p></td>
        <td width="98"><p align="RIGHT">29,090</p></td>
        <td width="0"><p align="RIGHT">25,455</p></td>
        <td width="196"><p align="RIGHT"><em>-12%</em></p></td>
        <td width="108"><p align="RIGHT">56,199</p></td>
        <td width="97"><p align="RIGHT">55,581</p></td>
        <td width="96"><p align="RIGHT"><em>-1%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal, excluding IoT*</p>
        </td>
        <td width="98"><p align="RIGHT">28,899</p></td>
        <td width="0"><p align="RIGHT">24,913</p></td>
        <td width="196"><p align="RIGHT"><em>-14%</em></p></td>
        <td width="108"><p align="RIGHT">55,786</p></td>
        <td width="97"><p align="RIGHT">54,639</p></td>
        <td width="96"><p align="RIGHT"><em>-2%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p><strong>Revenues Ex-TAC:</strong></p>
        </td>
        <td width="98"><p align="RIGHT"></p></td>
        <td width="0"><p align="RIGHT"></p></td>
        <td width="196"><p align="RIGHT"></p></td>
        <td width="108"><p align="RIGHT"></p></td>
        <td width="97"><p align="RIGHT"></p></td>
        <td width="96"><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal</p></td>
        <td width="98"><p align="RIGHT">22,826</p></td>
        <td width="0"><p align="RIGHT">20,814</p></td>
        <td width="196"><p align="RIGHT"><em>-9%</em></p></td>
        <td width="108"><p align="RIGHT">44,013</p></td>
        <td width="97"><p align="RIGHT">44,961</p></td>
        <td width="96"><p align="RIGHT"><em>2%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal, excluding IoT*</p>
        </td>
        <td width="98"><p align="RIGHT">22,635</p></td>
        <td width="0"><p align="RIGHT">20,272</p></td>
        <td width="196"><p align="RIGHT"><em>-10%</em></p></td>
        <td width="108"><p align="RIGHT">43,600</p></td>
        <td width="97"><p align="RIGHT">44,019</p></td>
        <td width="96"><p align="RIGHT"><em>1%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p><strong>Adjusted EBITDA:</strong></p>
        </td>
        <td width="98"><p align="RIGHT"></p></td>
        <td width="0"><p align="RIGHT"></p></td>
        <td width="196"><p align="RIGHT"></p></td>
        <td width="108"><p align="RIGHT"></p></td>
        <td width="97"><p align="RIGHT"></p></td>
        <td width="96"><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal</p></td>
        <td width="98"><p align="RIGHT">13,747</p></td>
        <td width="0"><p align="RIGHT">11,194</p></td>
        <td width="196"><p align="RIGHT"><em>-19%</em></p></td>
        <td width="108"><p align="RIGHT">26,594</p></td>
        <td width="97"><p align="RIGHT">25,859</p></td>
        <td width="96"><p align="RIGHT"><em>-3%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal, excluding IoT*</p>
        </td>
        <td width="98"><p align="RIGHT">13,870</p></td>
        <td width="0"><p align="RIGHT">11,345</p></td>
        <td width="196"><p align="RIGHT"><em>-18%</em></p></td>
        <td width="108"><p align="RIGHT">26,887</p></td>
        <td width="97"><p align="RIGHT">26,137</p></td>
        <td width="96"><p align="RIGHT"><em>-3%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p><strong>Adjusted EBITDA
            margin:</strong></p></td>
        <td width="98" valign="BOTTOM"><p></p></td>
        <td width="0" valign="BOTTOM"><p></p></td>
        <td width="196"><p align="RIGHT"></p></td>
        <td width="108"><p align="RIGHT"></p></td>
        <td width="97"><p align="RIGHT"></p></td>
        <td width="96"><p align="RIGHT"></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal</p></td>
        <td width="98"><p align="RIGHT">47.3%</p></td>
        <td width="0"><p align="RIGHT">44.0%</p></td>
        <td width="196"><p align="RIGHT"><em>-3.3%</em></p></td>
        <td width="108"><p align="RIGHT">47.3%</p></td>
        <td width="97"><p align="RIGHT">46.5%</p></td>
        <td width="96"><p align="RIGHT"><em>-0.8%</em></p></td>
    </tr>
    <tr>
        <td width="278"><p class="indent-1">Search and Portal, excluding IoT*</p>
        </td>
        <td width="98"><p align="RIGHT">48.0%</p></td>
        <td width="0"><p align="RIGHT">45.5%</p></td>
        <td width="196"><p align="RIGHT"><em>-2.5%</em></p></td>
        <td width="108"><p align="RIGHT">48.2%</p></td>
        <td width="97"><p align="RIGHT">47.8%</p></td>
        <td width="96"><p align="RIGHT"><em>-0.4%</em></p></td>
    </tr>
    </tbody>
</table>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<em><em>*IoT
    stands for Internet of Things</em></em><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <em><em>&nbsp;</em></em><br>Revenues
    declined by 12% year-on-year in Q2 2020, reflecting the adverse impact of the
    deterioration of the advertising business amid the coronavirus outbreak and the
    resulting lockdown measures.</p>
<p>Ex-TAC revenues declined by 9% in Q2 2020 compared to Q2 2019, reflecting the
    adverse impact of the deterioration of the advertising business partially offset
    by optimization of traffic acquisition costs.</p>
<p><strong>Taxi</strong></p>
<p>The Taxi segment includes our Ride-hailing business (including Yandex.Taxi and
    Uber in Russia and neighboring countries), FoodTech business (including
    Yandex.Eats, our ready-to-eat delivery service, Yandex.Chef, a meal kit
    subscription service, and Yandex.Lavka, our hyperlocal grocery delivery service)
    and our Self-Driving Cars (“SDC”) division.</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="35%"><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="31%" colspan="3"><p align="center">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="35%"><p><em>&nbsp;</em></p></td>
        <td width="11%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
        <td width="10%"><p align="center">2019</p></td>
        <td width="10%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="35%"><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="10%"><p><strong>&nbsp;</strong></p></td>
        <td width="10%"><p><strong>&nbsp;</strong></p></td>
        <td width="10%"><p><strong>&nbsp;</strong></p></td>
        <td width="10%"><p><strong>&nbsp;</strong></p></td>
    </tr>
    <tr>
        <td width="35%"><p class="indent-1">Ride-hailing &amp; FoodTech</p></td>
        <td width="11%"><p align="right">8,810</p></td>
        <td width="11%"><p align="right">12,448</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>41%</em></p></td>
        <td width="10%"><p align="right">16,449</p></td>
        <td width="10%"><p align="right">23,870</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>45%</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p class="indent-1">SDC</p></td>
        <td width="11%"><p align="right">&nbsp;-</p></td>
        <td width="11%"><p align="right">&nbsp;55</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>n/m</em></p></td>
        <td width="10%"><p align="right">&nbsp;-</p></td>
        <td width="10%"><p align="right">&nbsp;55</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p>Total revenues</p></td>
        <td width="11%"><p align="right">8,810</p></td>
        <td width="11%"><p align="right">12,503</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>42%</em></p></td>
        <td width="10%"><p align="right">16,449</p></td>
        <td width="10%"><p align="right">23,925</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>45%</em></p></td>
    </tr>
    <tr>
        <td width="35%"><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="10%" nowrap="nowrap"><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%" nowrap="nowrap"><p align="right"><em>&nbsp;</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p class="indent-1">Ride-hailing &amp; FoodTech</p></td>
        <td width="11%"><p align="right">726</p></td>
        <td width="11%"><p align="right">993</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>37%</em></p></td>
        <td width="10%"><p align="right">837</p></td>
        <td width="10%"><p align="right">1,861</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>122%</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p class="indent-1">SDC</p></td>
        <td width="11%"><p align="right">(303)</p></td>
        <td width="11%"><p align="right">(740)</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>144%</em></p></td>
        <td width="10%"><p align="right">(530)</p></td>
        <td width="10%"><p align="right">(1,494)</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>182%</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p>Total Adjusted EBITDA</p></td>
        <td width="11%"><p align="right">423</p></td>
        <td width="11%"><p align="right">253</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>-40%</em></p></td>
        <td width="10%"><p align="right">307</p></td>
        <td width="10%"><p align="right">367</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>20%</em></p></td>
    </tr>
    <tr>
        <td width="35%"><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="10%" nowrap="nowrap"><p align="right"><em>&nbsp;</em></p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>&nbsp;</em></p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>&nbsp;</em></p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>&nbsp;</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p class="indent-1">Ride-hailing &amp; FoodTech</p></td>
        <td width="11%" nowrap="nowrap" valign="bottom"><p align="right">8.2%</p>
        </td>
        <td width="11%" nowrap="nowrap" valign="bottom"><p align="right">8.0%</p>
        </td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>-0.2%</em></p></td>
        <td width="10%" nowrap="nowrap" valign="bottom"><p align="right">5.1%</p>
        </td>
        <td width="10%" nowrap="nowrap" valign="bottom"><p align="right">7.8%</p>
        </td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>2.7%</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p class="indent-1">SDC</p></td>
        <td width="11%"><p align="right">n/m</p></td>
        <td width="11%"><p align="right">n/m</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>n/m</em></p></td>
        <td width="10%"><p align="right">n/m</p></td>
        <td width="10%"><p align="right">n/m</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="35%"><p>Total Adjusted EBITDA margin</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">4.8%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">2.0%</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>-2.8%</em></p></td>
        <td width="10%" nowrap="nowrap"><p align="right">1.9%</p></td>
        <td width="10%" nowrap="nowrap"><p align="right">1.5%</p></td>
        <td width="10%" nowrap="nowrap"><p align="right"><em>-0.4%</em></p></td>
    </tr>
    </tbody>
</table>
<p>Taxi segment revenues increased by 42%, primarily driven by the solid performance
    of our food delivery business as well as the growth of Yandex.Lavka and our
    corporate Taxi business, where we recognize revenue on a gross basis.</p>
<p>Adjusted EBITDA of Taxi was RUB 253 million in Q2 2020, compared to RUB 423
    million in Q2 2019. The decrease of adjusted EBITDA was driven by investments in
    the expansion of Yandex.Lavka footprint and development of autonomous vehicles,
    partially offset by the improving profitability of our ride-hailing business and
    smaller losses related to our ready-to-eat delivery business.</p>
<p><strong>Classifieds</strong></p>
<p>The Classifieds segment includes Auto.ru, Yandex.Realty and Yandex.Jobs.</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="31%"><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="34%" colspan="3"><p align="center">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="31%"><p><em>&nbsp;</em></p></td>
        <td width="11%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
        <td width="12%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Revenues</p></td>
        <td width="11%"><p align="right">1,302</p></td>
        <td width="11%"><p align="right">886</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-32%</em></p></td>
        <td width="12%"><p align="right">2,408</p></td>
        <td width="11%"><p align="right">2,374</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-1%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Adjusted EBITDA:</p></td>
        <td width="11%"><p align="right">265</p></td>
        <td width="11%"><p align="right">80</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-70%</em></p></td>
        <td width="12%"><p align="right">(63)</p></td>
        <td width="11%"><p align="right">(24)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-62%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Adjusted EBITDA margin:</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">20.4%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">9.0%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-11.4%</em></p></td>
        <td width="12%" nowrap="nowrap"><p align="right">-2.6%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-1.0%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>1.6%</em></p></td>
    </tr>
    </tbody>
</table>
<p>Classifieds revenues declined 32% in Q2 2020 compared with Q2 2019, primarily as
    a result of closure of auto dealerships on the back of the strict lockdown
    regime due to the COVID-19 pandemic, and a slowdown in real estate demand.</p>
<p><strong>Media Services</strong></p>
<p>The Media Services segment includes KinoPoisk, Yandex.Music, Yandex.Afisha, our
    production center Yandex.Studio and our subscription service Yandex.Plus.</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="31%"><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="34%" colspan="3"><p align="center">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="31%"><p><em>&nbsp;</em></p></td>
        <td width="11%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
        <td width="12%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Revenues</p></td>
        <td width="11%"><p align="right">876</p></td>
        <td width="11%"><p align="right">1,700</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>94%</em></p></td>
        <td width="12%"><p align="right">1,610</p></td>
        <td width="11%"><p align="right">3,133</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>95%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Adjusted EBITDA:</p></td>
        <td width="11%"><p align="right">(438)</p></td>
        <td width="11%"><p align="right">(857)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>96%</em></p></td>
        <td width="12%"><p align="right">(878)</p></td>
        <td width="11%"><p align="right">(1,567)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>78%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Adjusted EBITDA margin:</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-50.0%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-50.4%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-0.4%</em></p></td>
        <td width="12%" nowrap="nowrap"><p align="right">-54.5%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-50.0%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>4.5%</em></p></td>
    </tr>
    </tbody>
</table>
<p>Media Services revenues grew 94% in Q2 2020 compared with Q2 2019. The increase
    was primarily driven by growth of subscription revenues in Yandex.Music and
    KinoPoisk, particularly duing the COVID-19 lockdown. Increasing Adjusted EBITDA
    losses reflect our investments in content and marketing on the back of increased
    demand for our services.</p>
<p><strong>Other Bets and Experiments</strong></p>
<p>The Other Bets and Experiments category includes Yandex.Drive, Zen, Geolocation
    Services, Yandex.Cloud and Yandex.Education.</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="31%"><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="34%" colspan="3"><p align="center">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="31%"><p><em>&nbsp;</em></p></td>
        <td width="11%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
        <td width="12%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Revenues</p></td>
        <td width="11%"><p align="right">3,420</p></td>
        <td width="11%"><p align="right">2,802</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-18%</em></p></td>
        <td width="12%"><p align="right">5,898</p></td>
        <td width="11%"><p align="right">7,713</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>31%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Adjusted EBITDA:</p></td>
        <td width="11%"><p align="right">(947)</p></td>
        <td width="11%"><p align="right">(2,283)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>141%</em></p></td>
        <td width="12%"><p align="right">(2,186)</p></td>
        <td width="11%"><p align="right">(4,200)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>92%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Adjusted EBITDA margin:</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-27.7%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-81.5%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-53.8%</em></p></td>
        <td width="12%" nowrap="nowrap"><p align="right">-37.1%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right">-54.5%</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-17.4%</em></p></td>
    </tr>
    </tbody>
</table>
<p>Other Bets and Experiments revenues declined 18% in Q2 2020 compared with Q2
    2019. The decrease was primarily driven by Yandex.Drive, our car-sharing
    service, partially offset by revenue growth in other experiments. The decline of
    Yandex.Drive revenues was due to the suspension of car-sharing services in
    Moscow and Saint-Petersburg from mid-April to mid-June. The Adjusted EBITDA loss
    amounted to RUB 2.3 billion, up from a loss of RUB 0.9 billion in Q2 2019,
    driven by costs associated with Yandex.Drive, followed by Geo and Cloud.</p>
<p><strong>Eliminations</strong></p>
<p>Eliminations related to our revenues represent the elimination of transactions
    between the reportable segments, primarily related to advertising. Eliminations
    related to our Adjusted EBITDA mainly reflect reallocation of a portion of
    Search and Portal D&amp;A expenses related to leasehold improvements to office
    rent expenses of our business units.</p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="31%"><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="34%" colspan="3"><p align="center">Six months ended June&nbsp;30,&nbsp;</p>
        </td>
    </tr>
    <tr>
        <td width="31%"><p><em>&nbsp;</em></p></td>
        <td width="11%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
        <td width="12%"><p align="center">2019</p></td>
        <td width="11%"><p align="center">2020</p></td>
        <td width="11%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p><strong>Revenues:</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="12%"><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="31%"><p class="indent-1">Segment revenues</p></td>
        <td width="11%"><p align="right">43,498</p></td>
        <td width="11%"><p align="right">43,346</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>0%</em></p></td>
        <td width="12%"><p align="right">82,564</p></td>
        <td width="11%"><p align="right">92,726</p></td>
        <td width="11%"><p align="right"><em>12%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p class="indent-1">Eliminations</p></td>
        <td width="11%"><p align="right">(2,101)</p></td>
        <td width="11%"><p align="right">(1,939)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-8%</em></p></td>
        <td width="12%"><p align="right">(3,883)</p></td>
        <td width="11%"><p align="right">(4,316)</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>11%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Total revenues</p></td>
        <td width="11%"><p align="right">41,397</p></td>
        <td width="11%"><p align="right">41,407</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>0%</em></p></td>
        <td width="12%"><p align="right">78,681</p></td>
        <td width="11%"><p align="right">88,410</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>12%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><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="12%"><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="31%"><p class="indent-1">Segment Adjusted EBITDA</p></td>
        <td width="11%"><p align="right">13,050</p></td>
        <td width="11%"><p align="right">8,387</p></td>
        <td width="11%"><p align="right">-36%</p></td>
        <td width="12%"><p align="right">23,774</p></td>
        <td width="11%"><p align="right">20,435</p></td>
        <td width="11%"><p align="right"><em>-14%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p class="indent-1">Eliminations</p></td>
        <td width="11%"><p align="right">47</p></td>
        <td width="11%"><p align="right">98</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>109%</em></p></td>
        <td width="12%"><p align="right">91</p></td>
        <td width="11%"><p align="right">197</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>116%</em></p></td>
    </tr>
    <tr>
        <td width="31%"><p>Total adjusted EBITDA</p></td>
        <td width="11%"><p align="right">13,097</p></td>
        <td width="11%"><p align="right">8,485</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-35%</em></p></td>
        <td width="12%"><p align="right">23,865</p></td>
        <td width="11%"><p align="right">20,632</p></td>
        <td width="11%" nowrap="nowrap"><p align="right"><em>-14%</em></p></td>
    </tr>
    </tbody>
</table>
<p><strong>Adjusted EBITDA </strong>decreased 35% in Q2 2020 compared with Q2 2019.
    The decline was mainly driven by the COVID-19 related adverse effects on Search
    and Portal and Yandex.Drive segments and higher investments in Media Services.
</p>
<p><strong>Adjusted EBITDA </strong>includes RUB 408 million of COVID-19 related
    expenses for personal protective equipment (masks, sanitizers etc.), the
    Company’s Helping Hand project and our driver and courier support fund, RUB 177
    million of advisory fees related to the reorganization of Yandex.Market and
    Yandex.Money, as well as other expenses related to various initiatives to
    support small and medium sized businesses, restaurants and taxi fleet companies
    during the challenging pandemic period.</p>
<p><strong>Yandex.Market</strong><br>We recognized the financial results of the
    Yandex.Market group in our Q2 2020 consolidated results using the equity method,
    as the previously announced transaction with Sberbank was not completed in Q2
    2020. Yandex.Market group revenues grew 89% in Q2 2020 compared with Q2 2019 and
    amounted to RUB 7.2 billion on the back of solid performance across both the
    price comparison and the marketplace businesses. Price Comparison revenues grew
    by 33% year-on-year, while gross merchandise value (GMV) of Beru marketplace
    increased 247% compared with Q2 2019. Adjusted EBITDA loss of Yandex.Market
    group was RUB 1.8 billion compared with RUB 2.0 billion loss in Q2 2019. The
    results of Yandex.Market will be included in our consolidated results from July
    24, 2020.</p>
<p><strong>Interest income </strong>in Q2 2020 was RUB 971 million, compared with
    RUB 834 million in Q2 2019.</p>
<p><strong>Interest expense</strong> in Q2 2020 was RUB 678 million, up from RUB 12
    million in Q2 2019, reflecting interest on the convertible bonds issued in
    February 2020.</p>
<p><strong>Foreign exchange </strong>loss in Q2 2020 was RUB 1,282 million, compared
    with a foreign exchange loss of RUB 270 million in Q2 2019. This loss reflects
    the appreciation of the Russian ruble during Q2 2020 from RUB 77.7325 to $1.00
    on March 31, 2020, to RUB 69.9513 to $1.00 on June 30, 2020. Yandex's Russian
    operating subsidiaries' functional currency is the Russian ruble, and therefore
    changes due to exchange rate fluctuations in the ruble value of these
    subsidiaries' monetary assets and liabilities that are denominated in other
    currencies are recognized as foreign exchange gains or losses within the other
    (loss)/income, net line in the condensed consolidated statements of income.
    Although the U.S. dollar value of Yandex's U.S. dollar-denominated assets and
    liabilities was not impacted by these currency fluctuations, they resulted in a
    downward revaluation of the ruble equivalent of these U.S. dollar-denominated
    monetary assets and liabilities in Q2 2020.</p>
<p><strong>Income tax expense</strong> for Q2 2020 was RUB 1,993 million, down from
    RUB 3,033 million in Q2 2019. Our effective tax rate of minus 119.7% in Q2 2020
    was lower than in Q2 2019. Adjusted for SBC expense, deferred tax asset
    valuation allowances, certain losses from the share of Yandex.Market’s financial
    results which are non-deductible and certain tax provisions recognized, our
    effective tax rate for Q2 2020 was 27.9%, compared with 24.1% for Q2 2019 as
    adjusted for SBC expense and similar effects in that year.</p>
<p><strong>Net loss</strong> was RUB 3.7 billion ($52.3 million) in Q2 2020, down
    203% compared with the net income of RUB 3.6 billion in Q2 2019 as a result of
    the decline in the income of operations, foreign exchange losses and interest
    expenses.</p>
<p><strong>Adjusted net income</strong> in Q2 2020 was RUB 1.9 billion ($27.3
    million), a 67% decrease from Q2 2019.</p>
<p><strong>Adjusted net income margin</strong> was 4.6% in Q2 2020, compared with
    14.1% in Q2 2019.</p>
<p>In June 2020, Yandex conducted a public offering and a concurrent private
    placement of 21,522,840 new Class A shares and received net proceeds of $1.05
    billion (after deducting underwriting fees and expenses).</p>
<p>As of June 30, 2020, Yandex had <strong>cash, cash equivalents and term
    deposits </strong>of RUB 241.9 billion ($3,457.8 million), including cash, cash
    equivalents and term deposits of Yandex.Taxi in total amount of RUB 24.4 billion
    ($348.3 million).</p>
<p><strong>Net cash flow used in operating activities</strong> for Q2 2020 was RUB
    0.1 billion ($1.9 million) and <strong>capital expenditures</strong> were RUB
    10.3 billion ($146.9 million).</p>
<p><strong>Redeemable noncontrolling interests</strong> presented in our condensed
    consolidated balance sheets relate to the equity incentive arrangements we have
    made available to the senior employees of the Taxi and Classifieds segments,
    pursuant to which such persons are eligible to acquire depositary receipts, or
    receive options to acquire depositary receipts, which entitles them to economic
    interests in the respective business unit subsidiaries.</p>
<p>The <strong>total number of shares issued and outstanding</strong> as of June 30,
    2020 was 350,074,421, including 314,365,746 Class A shares, 35,708,674 Class B
    shares, and one Priority share and excluding 3,064,733 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. Any such Class C shares will be
    cancelled.</p>
<p>There were also employee share options outstanding to purchase up to an
    additional 3.2 million shares, at a weighted average exercise price of $38.15
    per share, 1.8 million of which were fully vested; equity-settled share
    appreciation rights (SARs) for 0.1 million shares, at a weighted average
    measurement price of $32.72, all of which were fully vested; and restricted
    share units (RSUs) covering 12.4 million shares, of which RSUs to acquire 3.0
    million shares were fully vested.</p>
<h2>Financial outlook</h2>
<p>Given the persisting uncertainty around the full economic impact of the
    coronavirus pandemic and potential further disruptions caused by the health
    crisis and related governmental and businesses responses, we are unable at this
    time to reliably predict the pace and the shape of the recovery for our
    businesses. As such, we are not providing 2020 guidance until there is greater
    clarity regarding the impact of the current pandemic on the business environment
    generally and on Yandex in particular.</p>
<h2>Conference Call Information</h2>
<p>Yandex’s management will hold an earnings conference call on July 28, 2020 at
    8:00 AM U.S. Eastern Time (3:00 PM Moscow time; 1:00 PM London time).</p>
<p>We recommend using the dial-in option if you plan to ask questions. In this case
    please connect at least 10 minutes prior to the call start time (using dial-in
    number and passcode specified below) and clearly state the information requested
    after the tone.</p>
<p>To access the conference call live, please dial:</p>
<p>US: +1 646 741 3167<br>UK/International: +44 (0) 207 192 8338<br>Russia: 8 10 800
    2114 4011<br>Passcode: 4372045</p>
<p>A replay of the call will be available until August 4, 2020. 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: 4372045</p>
<p>A live and archived webcast of this conference call will be available at</p>
<p>https://edge.media-server.com/mmc/p/4v6b74bv</p>
<h2>ABOUT YANDEX</h2>
<p>Yandex (NASDAQ and MOEX: YNDX) is a technology company that builds intelligent
    products and services powered by machine learning. Our goal is to help consumers
    and businesses better navigate the online and offline world. Since 1997, we have
    delivered world-class, locally relevant search and information services.
    Additionally, we have developed market-leading on-demand transportation
    services, navigation products and other mobile applications for millions of
    consumers across the globe. Yandex, which has 36 offices worldwide, has been
    listed on the NASDAQ since 2011.<br>More information on Yandex can be found at
    https://yandex.com/company.</p>
<h2>FORWARD-LOOKING STATEMENTS</h2>
<p>This press release contains forward-looking statements that involve risks and
    uncertainties. 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, the impact of the ongoing COVID-19
    pandemic and regulatory and business responses to that crisis, 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 20-F for the year ended December 31, 2019 and “Risk Factors” in
    the Shareholder Circular filed as Exhibit 99.2 to our Current Report on Form
    6-K, which were filed with the U.S. Securities and Exchange Commission (SEC) on
    April 2, 2020 and November 18, 2019, respectively, and are available on our
    investor relations website at http://ir.yandex.com/sec.cfm and on the SEC
    website at www.sec.gov. All information in this release and in the attachments
    is as of July 28, 2020, and Yandex undertakes no duty to update this information
    unless required by law.</p>
<h2>USE OF NON-GAAP FINANCIAL MEASURES</h2>
<p>To supplement our condensed consolidated financial statements, which are prepared
    and presented in accordance with U.S. GAAP, we present the following non-GAAP
    financial measures: ex-TAC revenues, adjusted EBITDA, adjusted EBITDA margin,
    adjusted ex-TAC EBITDA margin, adjusted net income, adjusted effective tax rate,
    adjusted net income margin and adjusted ex-TAC net income margin. The
    presentation of these financial measures is not intended to be considered in
    isolation or as a substitute for, or superior to, the financial information
    prepared and presented in accordance with U.S. GAAP. For more information on
    these non-GAAP financial measures, please see the tables captioned
    “Reconciliations of non-GAAP financial measures to the nearest comparable U.S.
    GAAP measures”, included following the accompanying financial tables. We define
    the various non-GAAP financial measures we use as follows:</p>
<ul>
    <li><strong>Ex-TAC revenues</strong> means U.S. GAAP revenues <u>less</u> total
        traffic acquisition costs (TAC)
    </li>
    <li><strong>Adjusted EBITDA</strong> means U.S. GAAP net income/(loss)
        <u>plus</u> (1)&nbsp;depreciation and amortization, (2)&nbsp;SBC expense,
        (3)&nbsp;accrual of expense related to the contingent compensation payable
        to employees in connection with certain business combinations, (4) one-off
        restructuring expenses, (5) interest expense, (6)&nbsp;loss from equity
        method investments, (7) other loss/(income), net and (8) income tax expense,
        <u>less</u> interest income
    </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/(loss) <u>plus</u>
        (1)&nbsp;SBC expense adjusted for the income tax reduction attributable to
        SBC expense, (2)&nbsp;accrual of expense related to the contingent
        compensation payable to certain employees in connection with certain
        business combinations, (3) foreign exchange losses/(gains) adjusted for
        (reduction)/increase in income tax attributable to foreign exchange
        losses/(gains), (4) one-off restructuring expenses and (5) amortization of
        debt discount related to our convertible debt adjusted for the related
        reduction in income tax, <u>less</u> 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 losses</em></em></p>
<p>Because we hold significant assets and liabilities in currencies other than our
    Russian ruble operating currency, and because foreign exchange fluctuations are
    outside of our operational control, we believe that it is useful to present
    adjusted EBITDA, adjusted net income and related margin measures excluding these
    effects, in order to provide greater clarity regarding our operating
    performance.</p>
<p><em><em>One-off restructuring expenses</em></em></p>
<p>Adjusted net income and adjusted EBITDA for H1 2020 exclude expenses related to
    restructuring targeted amendments to Corporate Governance Structure approved by
    shareholders in December 2019.&nbsp; We believe that it is useful to present
    adjusted net income, adjusted EBITDA and related margin measures excluding
    impacts not related to our operating activities.<br></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 senior notes due 2025 issued in Q1
    2020. 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>
<p><br/></p>
<p align="center"><strong>YANDEX 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 ; width:100%; border-collapse:collapse ;">
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </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> </strong></strong></td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </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> </strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>June 30, </strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>June 30, </strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td colspan="2"
            style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2019*</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </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> </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> </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> </strong></strong>
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Current assets:</td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             56,415
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,292
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,634.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Term deposits</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             31,891
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             57,582
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             823.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             17,832
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             16,137
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             230.7
        </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</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,315
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,311
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             47.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Funds receivable, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,226
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,162
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             16.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other current assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             9,605
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             13,076
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             186.9
        </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 ; ">Total current assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             120,284
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             275,560
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,939.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Property and equipment, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             47,856
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             54,123
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             773.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating lease right-of-use assets
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             21,218
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             15,201
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             217.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Intangible assets, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             10,365
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             9,838
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             140.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Non-current content assets, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,295
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,318
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             61.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Goodwill</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             52,205
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             52,247
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             746.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Long-term prepaid expenses</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,289
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,324
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             33.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in non-marketable equity
            securities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             28,073
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             26,097
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             373.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred tax assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,847
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,325
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             18.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other non-current assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,694
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,833
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             54.8
        </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 ; "><strong><strong>TOTAL ASSETS</strong></strong>
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 291,126</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 444,866</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 6,359.7</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>LIABILITIES AND
            SHAREHOLDERS’ EQUITY</strong></strong></td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Current liabilities:</td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             34,978
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             32,562
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             465.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income and non-income taxes payable
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             8,020
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,884
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             69.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred revenue</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,542
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,823
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             54.7
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total current liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             46,540
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             41,269
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             590.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Convertible debt</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             77,893
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,113.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred tax liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,951
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,301
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             47.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating lease liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             10,841
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             7,471
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             106.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other accrued liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,359
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,805
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             25.8
        </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 ; ">Total liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             61,691
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             131,739
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,883.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Commitments and contingencies</td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Redeemable noncontrolling interests
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             14,246
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             15,081
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             215.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Shareholders’ equity:</td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td>Priority share: €1.00 par value; shares authorized (1 and 1), shares
            issued (1 and 1) and outstanding (nil and 1)
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </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 ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td>Preference shares: €0.01 par value; nil shares authorized, issued and
            outstanding
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </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 ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td>Ordinary shares: par value (Class A €0.01, Class B €0.10 and Class C
            €0.09); shares authorized (Class A: 500,000,000, Class B: 37,138,658 and
            Class C: 37,748,658); shares issued (Class A: 293,527,655 and
            317,430,479, Class B: 37,138,658 and 35,708,674, and Class C: 610,000
            and 1,429,984, respectively); shares outstanding (Class A: 292,719,508
            and 314,365,746, Class B: 37,138,658 and 35,708,674, and Class C: nil)
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             261
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             275
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td>Treasury shares at cost (Class A: 808,147 and 3,064,733, Priority share:
            1 and nil, respectively)
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (411
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (3,689
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (52.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td>Additional paid-in capital</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             68,050
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             145,880
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,085.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td>Accumulated other comprehensive income</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,841
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             11,561
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             165.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td>Retained earnings</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             122,187
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             123,495
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,765.4
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td>Total equity attributable to Yandex N.V.</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             194,928
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             277,522
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,967.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Noncontrolling interests</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             20,261
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             20,524
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             293.4
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total shareholders’ equity</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             215,189
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             298,046
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,260.8
        </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 ; "><strong><strong>TOTAL LIABILITIES AND
            SHAREHOLDERS’ EQUITY</strong></strong></td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 291,126</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 444,866</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 6,359.7</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
</table>
<p>* <em><em>     Derived from audited consolidated financial statements</em></em>
</p>
<p><br/></p>
<p align="center"><strong>YANDEX 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 ; width:100%; border-collapse:collapse ;">
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </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 30, </strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </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> </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> </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> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Revenues</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            41,397
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            41,407
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            591.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating costs and expenses:</td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues(1)</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            15,912
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            227.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development(1)</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,896
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            8,970
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            128.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and administrative(1)
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11,034
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            12,258
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            175.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation and amortization</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            4,052
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            57.9
        </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 ; ">Total operating costs and expenses
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            34,263
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            41,192
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            588.9
        </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 ; ">Income from operations</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            7,134
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            215
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">Interest income</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            971
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            13.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest expense</td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (678
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loss from equity method investments
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (977
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (14.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other loss, net</td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,196
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (17.0
        </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 income/(loss) before income
            taxes
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,596
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,665
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">Income tax expense</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,993
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            28.5
        </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 income/(loss)</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,563
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (3,658
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (52.3
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net loss attributable to
            noncontrolling interests
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             347
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             5.0
        </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 income/(loss) attributable to
            Yandex N.V.
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>3,852</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (3,311</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (47.3</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income/(loss) per Class A and
            Class B share:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Basic</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11.80
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (10.09
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.14
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Diluted</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11.47
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9.90
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.14
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </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 ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Basic</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            328,039,776
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            328,039,776
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Diluted</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            334,514,961
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            334,514,961
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> 
        </td>
        <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> 
        </td>
        <td colspan="2" style="text-align: right ;  vertical-align: middle; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="text-align: right ;  vertical-align: middle; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="text-align: right ;  vertical-align: middle; "> </td>
    </tr>
    <tr>
        <td colspan="10">(1)    These balances exclude depreciation and amortization
            expenses, which are presented separately, and include share-based
            compensation expenses of:
        </td>
    </tr>
    <tr>
        <td> </td>
        <td> </td>
        <td colspan="2"> </td>
        <td> </td>
        <td colspan="2"> </td>
        <td> </td>
        <td colspan="2"> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            64
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            138
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,480
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2,598
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            37.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and administrative</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,473
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            21.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
</table>
<p>       </p>
<p><br/></p>
<p align="center"><strong>YANDEX 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 ; width:100%; border-collapse:collapse ;">
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </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 30, </strong></strong></td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></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 ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </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> </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> </strong></strong></td>
        <td colspan="2"
            style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>$</strong></strong></td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Revenues</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            78,681
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            88,410
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,263.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating costs and expenses:</td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues(1)</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            32,147
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            459.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development(1)</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            14,103
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            16,898
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            241.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and administrative(1)
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            21,454
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            25,800
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            368.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation and amortization</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            8,062
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            115.3
        </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 ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Total operating costs and expenses
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            66,732
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            82,907
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,185.2
        </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 ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income from operations</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11,949
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,503
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            78.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest income</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,699
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             24.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Interest expense</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (13
        </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 ; ">
             
        </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (903
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (12.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loss from equity method investments
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,584
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (2,083
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (29.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other (loss)/income, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,325
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             47.5
        </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 ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income before income taxes</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            11,364
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            7,541
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            107.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Income tax expense</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            5,704
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            81.5
        </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 ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            6,117
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,837
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            26.3
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net loss attributable to
            noncontrolling interests
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             713
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             10.2
        </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 ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income attributable to Yandex
            N.V.
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>6,804</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2,550</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>36.5</strong></strong></td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income per Class A and Class B
            share:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Basic</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            20.89
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            7.75
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            0.11
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Diluted</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            20.39
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            7.57
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            0.11
        </td>
        <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Basic</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            329,069,513
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            329,069,513
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Diluted</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            335,854,248
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            335,854,248
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> 
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td colspan="10">(1)    These balances exclude depreciation and amortization
            expenses, which are presented separately, and include share-based
            compensation expenses of:
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td> </td>
        <td> </td>
        <td colspan="2"> </td>
        <td> </td>
        <td colspan="2"> </td>
        <td> </td>
        <td colspan="2"> </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cost of revenues</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            132
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            214
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Product development</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            3,413
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            4,280
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            61.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Sales, general and administrative</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            1,344
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            2,466
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            35.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
    </tr>
</table>
<p><br/> <br/></p>
<p align="center"><strong>YANDEX N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
    Flows</strong></p>
<p align="center"><strong>(in millions of Russian rubles and U.S. dollars)</strong>
</p>
<table style="border-collapse: collapse ; width:100%; border-collapse:collapse ;">
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </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 30, </strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></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 ; "> </td>
        <td style="vertical-align: bottom ; "> </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> </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> </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/(USED IN)
            OPERATING ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income/(loss)</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,563
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (3,658
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (52.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </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 ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation of property and
            equipment
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             3,336
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             47.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of intangible assets</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             716
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             10.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of contents assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             223
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             961
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             13.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating lease right-of-use assets
            amortization
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             21.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of debt discount and
            issuance costs
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             493
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             7.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Share-based compensation expense</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,200
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,209
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             60.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred income tax expense</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,167
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             16.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Foreign exchange losses</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,282
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             18.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loss from equity method investments
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             977
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             14.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             39
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             0.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </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 ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             526
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             7.5
        </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (950
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (3,496
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (49.9
        </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,361
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (6,890
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (98.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred revenue</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             256
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             136
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Change in content assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (777
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,517
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (21.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Change in content liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             274
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             85
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1.2
        </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 provided by/(used in)
            operating activities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 10,543</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (130</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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (1.9</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>)</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">CASH FLOWS USED IN INVESTING
            ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Purchases of property and equipment
            and intangible assets
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (10,276
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (146.9
        </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 ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             29
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Acquisitions of businesses, net of
            cash acquired
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (95
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in non-marketable equity
            securities
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in term deposits</td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (60,247
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (861.2
        </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 ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             66,287
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             947.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loans granted, net of proceeds from
            repayments
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             16
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             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 investing
            activities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (4,286</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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (61.3</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 FLOWS (USED IN)/PROVIDED BY
            FINANCING ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from exercise of share
            options
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             34
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             0.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases of share options</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (642
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from issuance of ordinary
            shares
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             72,650
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,038.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Ordinary shares issuance costs</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases of ordinary shares</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,719
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (24.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Payment for contingent consideration
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Payment for finance leases</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (26
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other financing activities</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (33
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Purchase of redeemable noncontrolling
            interests
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (187
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (47
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.7
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net cash (used in)/provided by
            financing activities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 70,213</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 1,003.7</strong></strong></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 ; ">Effect of exchange rate changes on
            cash and cash balances
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (6,651
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (95.0
        </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
            equivalents
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 59,146</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 845.5</strong></strong></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 ; ">Cash and cash equivalents at beginning
            of period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             125,189
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,789.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents at end of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,335
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,635.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "><strong><strong> </strong></strong>
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>Reconciliation of cash
            and cash balances:</strong></strong></td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents, beginning
            of period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             125,142
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,789.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Restricted cash, beginning of period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             47
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances, beginning of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             125,189
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,789.7
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents, end of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,292
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,634.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Restricted cash, end of period</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             43
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             0.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances, end of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,335
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,635.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
</table>
<p align="center"><strong>YANDEX N.V.</strong></p>
<p align="center"><strong>Unaudited Condensed Consolidated Statements of Cash
    Flows</strong></p>
<p align="center"><strong>(in millions of Russian rubles and U.S. dollars)</strong>
</p>
<table style="border-collapse: collapse ; width:100%; border-collapse:collapse ;">
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </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 30, </strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong>2020</strong></strong></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 ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="text-align: center ;  vertical-align: middle; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td colspan="2" style="text-align: center ;  vertical-align: middle; ">
            <strong><strong>RUB</strong></strong></td>
        <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> </strong></strong></td>
        <td colspan="2" style="text-align: center ;  vertical-align: middle; ">
            <strong><strong>$</strong></strong></td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">CASH FLOWS PROVIDED BY OPERATING
            ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net income</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             6,117
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,837
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </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 ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Depreciation of property and
            equipment
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             5,740
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             6,669
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             95.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of intangible assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,273
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,393
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             19.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of contents assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             387
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,548
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             22.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Operating lease right-of-use assets
            amortization
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,009
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,146
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             59.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Amortization of debt discount and
            issuance costs
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             637
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             9.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Share-based compensation expense</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             4,889
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             6,960
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             99.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred income tax expense</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,760
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             740
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             10.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Foreign exchange losses/(gains)</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             549
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (3,157
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (45.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loss from equity method investments
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,584
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,083
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             29.8
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             132
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </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 ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,576
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,553
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             22.2
        </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (3,320
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (4,204
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (60.1
        </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             190
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9,718
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (139.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Deferred revenue</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             34
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             176
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Change in content assets</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,709
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (2,603
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Change in content liabilities</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             957
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (628
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9.0
        </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 cash provided by operating
            activities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 21,070</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 7,564</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 108.1</strong></strong></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 ; ">CASH FLOWS USED IN INVESTING
            ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Purchases of property and equipment
            and intangible assets
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9,705
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (12,681
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (181.3
        </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             29
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             0.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Acquisitions of businesses, net of
            cash acquired
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (347
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (95
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1.4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Investments in non-marketable equity
            securities
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (15
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">Investments in term deposits</td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (47,755
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (121,992
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (1,743.9
        </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 ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             93,586
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,337.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Loans granted, net of proceeds from
            repayments
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             16
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             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 investing
            activities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (41,143</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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (588.2</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 ; ">CASH FLOWS (USED IN)/PROVIDED BY
            FINANCING ACTIVITIES:
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from exercise of share
            options
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             51
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             48
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases of share options</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (642
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (9.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from issuance of convertible
            debt
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             82,046
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,172.9
        </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 issuance of ordinary
            shares
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             72,650
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             1,038.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Ordinary shares issuance costs</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (4
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Repurchases of ordinary shares</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (10,165
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (145.3
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Payment for contingent consideration
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (47
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (10
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.1
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Proceeds from sale of noncontrolling
            interests
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Payment for finance leases</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (140
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (2.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Other financing activities</td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (66
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.9
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Purchase of redeemable noncontrolling
            interests
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (212
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (47
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (0.7
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
            )
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net cash (used in)/provided by
            financing activities
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 143,670</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 2,053.9</strong></strong></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 ; ">Effect of exchange rate changes on
            cash and cash balances
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             (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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             17,791
        </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 ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             254.4
        </td>
        <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Net change in cash and cash
            equivalents
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> (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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 127,882</strong></strong></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 ; "><strong><strong> </strong></strong>
        </td>
        <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
            <strong><strong> 1,828.2</strong></strong></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 ; ">Cash and cash equivalents at beginning
            of period
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             68,886
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             56,453
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             807.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents at end of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,335
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,635.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: top ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "><strong><strong>Reconciliation of cash
            and cash balances:</strong></strong></td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents, beginning
            of period
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             68,798
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             56,415
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             806.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Restricted cash, beginning of period
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             88
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </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 ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             0.5
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances, beginning of
            period
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             68,886
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             56,453
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             807.0
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2" style="vertical-align: bottom ; "> </td>
        <td style="vertical-align: bottom ; "> </td>
        <td colspan="2"
            style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash equivalents, end of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,292
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,634.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Restricted cash, end of period</td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             43
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             0.6
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
    <tr>
        <td style="vertical-align: bottom ; ">Cash and cash balances, end of
            period
        </td>
        <td style="vertical-align: bottom ; "> </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 ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             184,335
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
        <td style="vertical-align: bottom ; "> </td>
        <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">
             2,635.2
        </td>
        <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">
             
        </td>
    </tr>
</table>
<p><strong><br/> </strong> <strong><br/> </strong></p>
<p align="center"><strong>YANDEX N.V.</strong></p>
<p align="center"><strong>RECONCILIATIONS OF NON-GAAP FINANCIAL
    MEASURES</strong><br/><strong>TO THE NEAREST COMPARABLE U.S. GAAP
    MEASURES</strong></p>
<p align="center"><strong>Reconciliation of Ex-TAC Revenues to U.S. GAAP
    Revenues</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td 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="32%" 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">2019</p></td>
        <td width="9%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
        <td width="10%"><p align="center">2019</p></td>
        <td width="10%"><p align="center">2020</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;41,397</p></td>
        <td width="9%"><p align="right">&nbsp;41,407</p></td>
        <td width="10%"><p align="right"><em>0%</em></p></td>
        <td width="10%"><p align="right">&nbsp;78,681</p></td>
        <td width="10%"><p align="right">&nbsp;88,410</p></td>
        <td width="10%"><p align="right"><em>12%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p>Less: traffic acquisition costs (TAC)</p></td>
        <td width="10%"><p align="right">&nbsp;5,564</p></td>
        <td width="9%"><p align="right">&nbsp;4,155</p></td>
        <td width="10%"><p align="right"><em>-25%</em></p></td>
        <td width="10%"><p align="right">&nbsp;10,899</p></td>
        <td width="10%"><p align="right">&nbsp;9,514</p></td>
        <td width="10%"><p align="right"><em>-13%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p>Ex-TAC revenues</p></td>
        <td width="10%"><p align="right">&nbsp;35,833</p></td>
        <td width="9%"><p align="right">&nbsp;37,252</p></td>
        <td width="10%"><p align="right"><em>4%</em></p></td>
        <td width="10%"><p align="right">&nbsp;67,782</p></td>
        <td width="10%"><p align="right">&nbsp;78,896</p></td>
        <td width="10%"><p align="right"><em>16%</em></p></td>
    </tr>
    </tbody>
</table>
<p align="center"><strong>Reconciliation of Adjusted EBITDA to U.S. GAAP Net
    Income/(loss)</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="32%" 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">2019</p></td>
        <td width="9%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
        <td width="10%"><p align="center">2019</p></td>
        <td width="10%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p>Net income/(loss)</p></td>
        <td width="10%"><p align="right">&nbsp;3,563</p></td>
        <td width="9%"><p align="right">&nbsp;(3,658)</p></td>
        <td width="10%"><p align="right"><em>-203%</em></p></td>
        <td width="10%"><p align="right">&nbsp;6,117</p></td>
        <td width="10%"><p align="right">&nbsp;1,837</p></td>
        <td width="10%"><p align="right"><em>-70%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> depreciation and amortization</p></td>
        <td width="10%"><p align="right">&nbsp;3,756</p></td>
        <td width="9%"><p align="right">&nbsp;4,052</p></td>
        <td width="10%"><p align="right"><em>8%</em></p></td>
        <td width="10%"><p align="right">&nbsp;7,013</p></td>
        <td width="10%"><p align="right">&nbsp;8,062</p></td>
        <td width="10%"><p align="right"><em>15%</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;2,200</p></td>
        <td width="9%"><p align="right">&nbsp;4,209</p></td>
        <td width="10%"><p align="right"><em>91%</em></p></td>
        <td width="10%"><p align="right">&nbsp;4,889</p></td>
        <td width="10%"><p align="right">&nbsp;6,960</p></td>
        <td width="10%"><p align="right"><em>42%</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="9%"><p align="right">&nbsp;9</p></td>
        <td width="10%"><p align="right"><em>29%</em></p></td>
        <td width="10%"><p align="right">&nbsp;14</p></td>
        <td width="10%"><p align="right">&nbsp;9</p></td>
        <td width="10%"><p align="right"><em>-36%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> one-off restructuring expenses</p></td>
        <td width="10%"><p align="right">&nbsp;-</p></td>
        <td width="9%"><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;-</p></td>
        <td width="10%"><p align="right">&nbsp;98</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;(834)</p></td>
        <td width="9%"><p align="right">&nbsp;(971)</p></td>
        <td width="10%"><p align="right"><em>16%</em></p></td>
        <td width="10%"><p align="right">&nbsp;(1,661)</p></td>
        <td width="10%"><p align="right">&nbsp;(1,699)</p></td>
        <td width="10%"><p align="right"><em>2%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> interest expense</p></td>
        <td width="10%"><p align="right">&nbsp;12</p></td>
        <td width="9%"><p align="right">&nbsp;678</p></td>
        <td width="10%"><p align="right"><em>n/m</em></p></td>
        <td width="10%"><p align="right">&nbsp;13</p></td>
        <td width="10%"><p align="right">&nbsp;903</p></td>
        <td width="10%"><p align="right"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> loss from equity method investments</p>
        </td>
        <td width="10%"><p align="right">&nbsp;946</p></td>
        <td width="9%"><p align="right">&nbsp;977</p></td>
        <td width="10%"><p align="right"><em>3%</em></p></td>
        <td width="10%"><p align="right">&nbsp;1,584</p></td>
        <td width="10%"><p align="right">&nbsp;2,083</p></td>
        <td width="10%"><p align="right"><em>32%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> other loss/(income), net</p></td>
        <td width="10%"><p align="right">&nbsp;414</p></td>
        <td width="9%"><p align="right">&nbsp;1,196</p></td>
        <td width="10%"><p align="right"><em>189%</em></p></td>
        <td width="10%"><p align="right">&nbsp;649</p></td>
        <td width="10%"><p align="right">&nbsp;(3,325)</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;3,033</p></td>
        <td width="9%"><p align="right">&nbsp;1,993</p></td>
        <td width="10%"><p align="right"><em>-34%</em></p></td>
        <td width="10%"><p align="right">&nbsp;5,247</p></td>
        <td width="10%"><p align="right">&nbsp;5,704</p></td>
        <td width="10%"><p align="right"><em>9%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p>Adjusted EBITDA</p></td>
        <td width="10%"><p align="right">&nbsp;13,097</p></td>
        <td width="9%"><p align="right">&nbsp;8,485</p></td>
        <td width="10%"><p align="right"><em>-35%</em></p></td>
        <td width="10%"><p align="right">&nbsp;23,865</p></td>
        <td width="10%"><p align="right">&nbsp;20,632</p></td>
        <td width="10%"><p align="right"><em>-14%</em></p></td>
    </tr>
    </tbody>
</table>
<p><br/></p>
<p align="center"><strong>Reconciliation of Adjusted Net Income to U.S. GAAP Net
    Income/(loss)</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="32%" 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">2019</p></td>
        <td width="9%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
        <td width="10%"><p align="center">2019</p></td>
        <td width="10%"><p align="center">2020</p></td>
        <td width="10%"><p align="center"><em>Change</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p>Net income/(loss)</p></td>
        <td width="10%"><p align="right">&nbsp;3,563</p></td>
        <td width="9%"><p align="right">&nbsp;(3,658)</p></td>
        <td width="10%"><p align="right"><em>-203%</em></p></td>
        <td width="10%"><p align="right">&nbsp;6,117</p></td>
        <td width="10%"><p align="right">&nbsp;1,837</p></td>
        <td width="10%"><p align="right"><em>-70%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add: </em>SBC expense</p></td>
        <td width="10%"><p align="right">&nbsp;2,200</p></td>
        <td width="9%"><p align="right">&nbsp;4,209</p></td>
        <td width="10%"><p align="right"><em>91%</em></p></td>
        <td width="10%"><p align="right">&nbsp;4,889</p></td>
        <td width="10%"><p align="right">&nbsp;6,960</p></td>
        <td width="10%"><p align="right"><em>42%</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;(21)</p></td>
        <td width="9%"><p align="right">&nbsp;(32)</p></td>
        <td width="10%"><p align="right"><em>52%</em></p></td>
        <td width="10%"><p align="right">&nbsp;(39)</p></td>
        <td width="10%"><p align="right">&nbsp;(48)</p></td>
        <td width="10%"><p align="right"><em>23%</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="9%"><p align="right">&nbsp;9</p></td>
        <td width="10%"><p align="right"><em>29%</em></p></td>
        <td width="10%"><p align="right">&nbsp;14</p></td>
        <td width="10%"><p align="right">&nbsp;9</p></td>
        <td width="10%"><p align="right"><em>-36%</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> foreign exchange losses/(gains)</p></td>
        <td width="10%"><p align="right">&nbsp;270</p></td>
        <td width="9%"><p align="right">&nbsp;1,282</p></td>
        <td width="10%"><p align="right"><em>375%</em></p></td>
        <td width="10%"><p align="right">&nbsp;549</p></td>
        <td width="10%"><p align="right">&nbsp;(3,157)</p></td>
        <td width="10%"><p align="right"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Less:</em> (reduction)/increase in income tax
            attributable to foreign exchange losses/(gains)</p></td>
        <td width="10%"><p align="right">&nbsp;(73)</p></td>
        <td width="9%"><p align="right">&nbsp;(267)</p></td>
        <td width="10%"><p align="right"><em>266%</em></p></td>
        <td width="10%"><p align="right">&nbsp;(144)</p></td>
        <td width="10%"><p align="right">&nbsp;884</p></td>
        <td width="10%"><p align="right"><em>n/m</em></p></td>
    </tr>
    <tr>
        <td width="36%"><p><em>Add:</em> one-off restructuring expenses</p></td>
        <td width="10%"><p align="right">&nbsp;-</p></td>
        <td width="9%"><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;-</p></td>
        <td width="10%"><p align="right">&nbsp;98</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;(121)</p></td>
        <td width="9%"><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;(121)</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>Add:</em> amortization of debt discount</p></td>
        <td width="10%"><p align="right">&nbsp;-</p></td>
        <td width="9%"><p align="right">&nbsp;493</p></td>
        <td width="10%"><p align="right"><em>n/m</em></p></td>
        <td width="10%"><p align="right">&nbsp;-</p></td>
        <td width="10%"><p align="right">&nbsp;637</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;-</p></td>
        <td width="9%"><p align="right">&nbsp;(123)</p></td>
        <td width="10%"><p align="right"><em>n/m</em></p></td>
        <td width="10%"><p align="right">&nbsp;-</p></td>
        <td width="10%"><p align="right">&nbsp;(159)</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;5,825</p></td>
        <td width="9%"><p align="right">&nbsp;1,913</p></td>
        <td width="10%"><p align="right"><em>-67%</em></p></td>
        <td width="10%"><p align="right">&nbsp;11,265</p></td>
        <td width="10%"><p align="right">&nbsp;7,061</p></td>
        <td width="10%"><p align="right"><em>-37%</em></p></td>
    </tr>
    </tbody>
</table>
<br/><br/>
<p align="center"><strong>Reconciliation of Adjusted EBITDA Margin and Adjusted
    Ex-TAC EBITDA Margin to U.S. GAAP Net Income/(Loss) Margin</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="42%" valign="bottom"><p><strong><em>In RUB
            millions </em></strong></p></td>
        <td colspan="6" valign="bottom"><p>
            <strong><em>&nbsp;</em></strong></p></td>
    </tr>
    <tr>
        <td width="43%" valign="bottom"><p></p></td>
        <td width="12%" valign="bottom"><p align="center"><strong>U.S.
            GAAP Actual Net Income/(loss)</strong></p></td>
        <td width="7%" valign="bottom"><p align="center"><strong>Net
            Income/ (Loss) 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="8%" valign="bottom"><p align="center"><strong>Adjusted
            Ex-TAC EBITDA Margin (4)</strong></p></td>
    </tr>
    <tr>
        <td width="43%" valign="bottom"><p>Three months ended June&nbsp;30,&nbsp;2020</p>
        </td>
        <td width="12%" nowrap="nowrap" valign="bottom"><p align="right">&nbsp;(3,658)</p>
        </td>
        <td width="7%" valign="bottom"><p align="right">-8.8%</p></td>
        <td width="10%" nowrap="nowrap" valign="bottom"><p align="right">&nbsp;12,143</p>
        </td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">
            &nbsp;8,485</p></td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">20.5%</p>
        </td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">22.8%</p>
        </td>
    </tr>
    <tr>
        <td width="43%" valign="bottom"><p>Six months ended June&nbsp;30,&nbsp;2020</p>
        </td>
        <td width="12%" nowrap="nowrap" valign="bottom"><p align="right">
            &nbsp;1,837</p></td>
        <td width="7%" valign="bottom"><p align="right">2.1%</p></td>
        <td width="10%" nowrap="nowrap" valign="bottom"><p align="right">&nbsp;18,795</p>
        </td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">
            &nbsp;20,632</p></td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">23.3%</p>
        </td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">26.2%</p>
        </td>
    </tr>
    </tbody>
</table>
<p>(1) Net income/(loss) margin is defined as net income/(loss) divided by total
    revenues.<br/>(2) Adjusted to eliminate depreciation and amortization expense,
    SBC expense, expense related to contingent compensation, one-off restructuring
    expenses, interest income, interest expense, loss from equity method
    investments, other loss/(income), net and income tax expense. For a
    reconciliation of adjusted EBITDA to net income/(loss), 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>
<br/><br/>
<p align="center"><strong>Reconciliation of Adjusted Net Income Margin and Adjusted
    Ex-TAC Net Income Margin to U.S. GAAP Net Income/(Loss) Margin</strong></p>
<table class="table_yandex">
    <tbody>
    <tr>
        <td width="42%" valign="bottom"><p><strong><em>In RUB
            millions </em></strong></p></td>
        <td colspan="6" valign="bottom"><p>
            <strong><em>&nbsp;</em></strong></p></td>
    </tr>
    <tr>
        <td width="43%" valign="bottom"><p></p></td>
        <td width="12%" valign="bottom"><p align="center"><strong>U.S.
            GAAP Actual Net Income/(loss)</strong></p></td>
        <td width="7%" valign="bottom"><p align="center"><strong>Net
            Income/ (Loss) 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="8%" valign="bottom"><p align="center"><strong>Adjusted
            Ex-TAC Net Income Margin (4)</strong></p></td>
    </tr>
    <tr>
        <td width="43%" valign="bottom"><p>Three months ended June&nbsp;30,&nbsp;2020</p>
        </td>
        <td width="12%" nowrap="nowrap" valign="bottom"><p align="right">&nbsp;(3,658)</p>
        </td>
        <td width="7%" valign="bottom"><p align="right">-8.8%</p></td>
        <td width="10%" nowrap="nowrap" valign="bottom"><p align="right">
            &nbsp;5,571</p></td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">
            &nbsp;1,913</p></td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">4.6%</p>
        </td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">5.1%</p>
        </td>
    </tr>
    <tr>
        <td width="43%" valign="bottom"><p>Six months ended June&nbsp;30,&nbsp;2020</p>
        </td>
        <td width="12%" nowrap="nowrap" valign="bottom"><p align="right">
            &nbsp;1,837</p></td>
        <td width="7%" valign="bottom"><p align="right">2.1%</p></td>
        <td width="10%" nowrap="nowrap" valign="bottom"><p align="right">&nbsp;5,224
        </p></td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">&nbsp;7,061
        </p></td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">8.0%</p>
        </td>
        <td width="8%" nowrap="nowrap" valign="bottom"><p align="right">8.9%</p>
        </td>
    </tr>
    </tbody>
</table>
<p>(1) Net income/(loss) margin is defined as net income/(loss) divided by
    total revenues.<br/>
    (2) Adjusted to eliminate SBC expense (as adjusted
    for the income tax reduction attributable to SBC expense), expense related to
    contingent compensation, foreign exchange losses/(gains) as adjusted for the
    reduction/(increase) in income tax attributable to the losses/(gains), one-off
    restructuring expenses and amortization of debt discount (as adjusted for the
    related reduction in income tax). For a reconciliation of adjusted net income to
    net income/(loss), 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/>Yulia Gerasimova<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></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></p>
