Auction results of OFZ26225RMFS placement
on 28 February, 2018

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 28 February, 2018:

-       bonds offered: OFZ № 26225RMFS (maturity date 10 May, 2034);

-       notional amount offered: RUB 25.000 bn;

-       notional bid amount: RUB 66.210 bn;

-       notional amount placed: RUB 25.000 bn;

-       net proceeds: RUB 24.994 bn;

-       cut-off price: 99.7600%;

-       yield at cut-off price: 7.41%;

-       weighted average price: 99.8360%;

-       yield at weighted average price: 7.40%.