Auction results of OFZ № 26221RMFS placement
on 28 June, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 28 June 2017:

-       bonds offered: OFZ № 26221RMFS (maturity date 23 March, 2033);

-       notional amount offered: RUB 25.000 bn;

-       notional bid amount: RUB 40.320 bn;

-       notional amount placed: RUB 25.000 bn;

-       net proceeds: RUB 25.182 bn;

-       cut-off price: 97.8000%;

-       yield at cut-off price: 8.10%;

-       weighted average price: 97.9208%;

-       yield at weighted average price: 8.09%.