Auction results of OFZ № 26221RMFS placement
on 8 November, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 8 November 2017:

-       bonds offered: OFZ № 26221RMFS (maturity date 23 March, 2033);

-       notional amount offered: RUB 10.000 bn;

-       notional bid amount: RUB 22.595 bn;

-       notional amount placed: RUB 10.000 bn;

-       net proceeds: RUB 10.061 bn;

-       cut-off price: 99.9600%;

-       yield at cut-off price: 7.85%;

-       weighted average price: 100.0169%;

-       yield at weighted average price: 7.84%.