Results of auction held on the Government Securities Market on April 25, 2012

On April 25, 2012 an auction for placement of Russian Federation government bonds with the registered number 26208RMFS took place with the following parameters:

• Maturity date: April 19, 2012
• Aggregate demand at par: RUB9,705.265 mln
• Placed value at par: RUB6,451.915 mln
• Cut-off price: 99.9335% from par value
• Yield at cut-off price: 7.6000% per annum
• Weighted average price: 99.7985% from par value
• Yield at weighted average price: 7.5900% per annum.

For further information, please contact the Public Relations Department at (495) 363-3232.