Auction results of OFZ № 26222RMFS placement
on 23 August, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 23 August 2017:

-       bonds offered: OFZ № 26222RMFS (maturity date 16 October, 2024);

-       notional amount offered: RUB 25.000 bn;

-       notional bid amount: RUB 60.096 bn;

-       notional amount placed: RUB 25.000 bn;

-       net proceeds: RUB 24.577 bn;

-       cut-off price: 96.0815%;

-       yield at cut-off price: 7.98%;

-       weighted average price: 96.1303%;

-       yield at weighted average price: 7.97%.