Auction results of OFZ26224RMFS placement
on 7 March, 2018

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 7 March, 2018:

-       bonds offered: OFZ № 26224RMFS (maturity date 23 May, 2029);

-       notional amount offered: RUB 20.000 bn;

-       notional bid amount: RUB 53.717 bn;

-       notional amount placed: RUB 20.000 bn;

-       net proceeds: RUB 19.889 bn;

-       cut-off price: 99.1100%;

-       yield at cut-off price: 7.14%;

-       weighted average price: 99.1786%;

-       yield at weighted average price: 7.13%.