Auction results of OFZ26223RMFS placement
on 23 May, 2018

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 23 May, 2018:

-       bonds offered: OFZ № 26223RMFS (maturity date 28 February, 2024);

-       notional amount offered: RUB 15.000 bn;

-       notional bid amount: RUB 37.422 bn;

-       notional amount placed: RUB 15.000 bn;

-       net proceeds: RUB 14.874 bn;

-       cut-off price: 97.5100%;

-       yield at cut-off price: 7.15%;

-       weighted average price: 97.5432%;

-       yield at weighted average price: 7.14%.