Auction results of OFZ № 26214RMFS placement
on 26 July, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 26 July 2017:

-       bonds offered: OFZ № 26214RMFS (maturity date 27 May, 2020);

-       notional amount offered: RUB 15.000 bn;

-       notional bid amount: RUB 40.379 bn;

-       notional amount placed: RUB 15.000 bn;

-       net proceeds: RUB 14.559 bn;

-       cut-off price: 96.0200%;

-       yield at cut-off price: 8.15%;

-       weighted average price: 96.0769%;

-       yield at weighted average price: 8.12%.