Auction results of OFZ № 26207RMFS placement
on 16 August, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 16 August 2017:

-       bonds offered: OFZ № 26207RMFS (maturity date 3 February, 2027);

-       notional amount offered: RUB 20.000 bn;

-       notional bid amount: RUB 39.869 bn;

-       notional amount placed: RUB 20.000 bn;

-       net proceeds: RUB 20.682 bn;

-       cut-off price: 103.3155%;

-       yield at cut-off price: 7.80%;

-       weighted average price: 103.4118%;

-       yield at weighted average price: 7.78%.