Auction results of OFZ № 26222RMFS placement
on 21 June, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 21 June 2017:

-       bonds offered: OFZ № 26222RMFS (maturity date 16 October, 2024);

-       notional amount offered: RUB 15.000 bn;

-       notional bid amount: RUB 36.086 bn;

-       notional amount placed: RUB 15.000 bn;

-       net proceeds: RUB 14.481 bn;

-       cut-off price: 95.5112%;

-       yield at cut-off price: 8.07%;

-       weighted average price: 95.5857%;

-       yield at weighted average price: 8.06%.