Offering of securities

IT-company Yandex will issue new class A shares for $800 mln. $600 mln in equal shares will be bought by VTB Capital, investment company Roman Abramovich and structure of Alexander Abramov and Alexander Frolov. Another $200mn will be raised through a placement of shares in the market as part of the accelerated book-building procedure. The economic share of all newly issued shares in the company's capital will be about 5%, while voting will be about 2.5%.