Yandex Opens App Store for Android -- Yandex.Store

Yandex Opens App Store for Android -- Yandex.Store

MOSCOW, Feb. 25, 2013 (GLOBE NEWSWIRE) -- Yandex (Nasdaq:YNDX) has announced
the launch of Yandex.Store, an app store for Android. Currently, Yandex.Store
has over 50,000 paid and free apps in its catalogue and a convenient search
feature to help users quickly find the app that they are looking for. Users
can pay for their apps with their bankcard or from their mobile balance if
their service provider offers such an option.

"Yandex.Store is a global product and it is already available in eight
languages for users around the world," said Alexander Zverev, Head of
Yandex.Store. "We welcome app developers to publish their apps to Yandex.Store
and look forward to working with device manufacturers from around the world
who wish to install Yandex.Store on their devices. The global market for
Android-based mobile phones is very fragmented. There are only a few major
players who enjoy a meaningful share, with the remaining portion of the market
distributed among hundreds of smaller companies. We are joining the game to
contribute to competition that ensures freedom of choice for the end user and
other members of the market."

Yandex.Store offers apps for every taste, including some of the most popular,
such as Cut The Rope, Foursquare and others. App search in Yandex.Store
returns results in many languages, searches apps by keyword and can find the
right app even if the search query is an a different language. The search
feature in Yandex.Store is based on Yandex's search technologies. Currently,
the Yandex.Store user interface is available in Russian, English, French,
German, Spanish, Italian, Ukrainian and Turkish, with more languages coming
soon.

Payments in Yandex.Store are processed through Yandex's electronic payment
service, Yandex.Money. All apps in the Yandex.Store app pool are verified by
Kaspersky Lab
(http://usa.kaspersky.com/partners/technology-alliances-partnerships/anti-virus-sdk).

Before being published, each new app submitted to Yandex.Store is checked for
malware.

"The Android app stores are a magnet for malware developers. The platform's
popularity and the fact that its source code is publicly available
madeAndroid a popular target for malicious attacks – 99% of all malware
detected on mobile devices in 2012 were aimed at Android smartphones," says
Petr Merkulov, Director of Products and Services Development, Kaspersky Lab.
"We provide comprehensive anti-virus protection for Yandex.Store by
integrating our special Kaspersky Anti-Virus SDK."

Device manufacturers can integrate Yandex.Store into their devices at no cost
and receive a share of sales revenues. Yandex.Store is already shipped on
Oppo, PocketBook,  Explay, teXet, WEXLER, 3QandQumo devices. Some of them
feature Yandex.Store as their default app store. Yandex.Store offers rich
customisation opportunities that allow device manufacturers or mobile
operators to create fully localised app stores under their own brand name. One
of Russia's largest mobile operators, MegaFon, was the first company to use
Yandex.Store to launch their own branded app store GetUpps! in February 2012.

* Yandex.Store is pre-installed on:

Oppo's Finder X907, PocketBook's SURFpad,Explay's Infinity II and Surfer
8.01, teХet's TM-7043DX, WEXLER's TAB 7t,3Q's ОС1020А,Qumo's Quest 450, 500,
530, 570 and 600.

The Yandex Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10933

CONTACT: Investor Relations:
         Greg Abovsky, Katya Zhukova
         Phone: +7 495 974-35-38
         E-mail: askIR@yandex-team.ru
        
         Media Relations:
         Ochir Mandzhikov, Dina Litvinova
         Phone: +7 495 739-70-00
         E-mail: pr@yandex-team.ru

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