Auction results of OFZ № 26221RMFS placement
on 19 July, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 19 July 2017:

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

-       notional amount offered: RUB 15.000 bn;

-       notional bid amount: RUB 19.384 bn;

-       notional amount placed: RUB 15.000 bn;

-       net proceeds: RUB 15.183 bn;

-       cut-off price: 97.7625%;

-       yield at cut-off price: 8.10%;

-       weighted average price: 97.9681%;

-       yield at weighted average price: 8.08%.