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Notification of MegaFon acquisition of Mail.Ru Group shares from USM subsidiaries

MAIL.RU GROUP LIMITED (" Group" or the "Company") has been informed of the closing of the acquisition by MegaFon (LSE: MFON) of 11.5 million Class A shares and 21.9 million ordinary shares, representing an approximately 15.2% economic and 63.8% voting stake in Mail.Ru Group Limited from subsidiaries of USM Holdings.