Auction results of OFZ № 26222RMFS placement
on 22 November, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 22 November 2017:

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

-       notional amount offered: RUB 10.000 bn;

-       notional bid amount: RUB 50.789 bn;

-       notional amount placed: RUB 10.000 bn;

-       net proceeds: RUB 9.859 bn;

-       cut-off price: 98.0500%;

-       yield at cut-off price: 7.60%;

-       weighted average price: 98.0500%;

-       yield at weighted average price: 7.60%.