Auction results of OFZ № 26220RMFS 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 № 26220RMFS (maturity date 7 December, 2022);

-       notional amount offered: RUB 20.000 bn;

-       notional bid amount: RUB 60.190 bn;

-       notional amount placed: RUB 20.000 bn;

-       net proceeds: RUB 19.935 bn;

-       cut-off price: 98.3711%;

-       yield at cut-off price: 7.93%;

-       weighted average price: 98.3998%;

-       yield at weighted average price: 7.92%.