Auction results of OFZ № 26222RMFS placement
on 27 December, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 27 December 2017:

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

-       notional amount offered: RUB 10.000 bn;

-       notional bid amount: RUB 15.643 bn;

-       notional amount placed: RUB 8.445 bn;

-       net proceeds: RUB 8.517 bn;

-       cut-off price: 99.5400%;

-       yield at cut-off price: 7.31%;

-       weighted average price: 99.6293%;

-       yield at weighted average price: 7.30%.

As a result of the two auctions Domestic borrowing program of the Russian Federation for 2017 (gross – RUB 1702.6 bn, net RUB 1123.9 bn) is executed by almost 100%. Remaining amount is RUB 53.5 mln.