Auction results of OFZ № 26220RMFS placement
on 4 October, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 4 October 2017:

-       bonds offered: OFZ № 26220RMFS (maturity date 7 December, 2022);

-       notional amount offered: RUB 8.946 bn;

-       notional bid amount: RUB 48.148 bn;

-       notional amount placed: RUB 8.946 bn;

-       net proceeds: RUB 9.129 bn;

-       cut-off price: 99.7200%;

-       yield at cut-off price: 7.60%;

-       weighted average price: 99.7779%;

-       yield at weighted average price: 7.59%.