Auction results of OFZ № 26220RMFS placement
on 14 June, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 14 June 2017:

-       bonds offered: OFZ № 26220RMFS (maturity date 7 December, 2022);

-       notional amount offered: RUB 25.000 bn;

-       notional bid amount: RUB 38.132 bn;

-       notional amount placed: RUB 25.000 bn;

-       net proceeds: RUB 24.716 bn;

-       cut-off price: 98.6210%;

-       yield at cut-off price: 7.86%;

-       weighted average price: 98.8639%;

-       yield at weighted average price: 7.80%.