Auction results of OFZ № 26212RMFS placement
on 13 December, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 13 December 2017:

-       bonds offered: OFZ № 26212RMFS (maturity date 19 January, 2027);

-       notional amount offered: RUB 20.000 bn;

-       notional bid amount: RUB 39.449 bn;

-       notional amount placed: RUB 20.000 bn;

-       net proceeds: RUB 19.895 bn;

-       cut-off price: 96.8301%;

-       yield at cut-off price: 7.64%;

-       weighted average price: 96.9053%;

-       yield at weighted average price: 7.63%.