Yandex Announces Exercise of Underwriters' Option to Purchase Additional Shares in Secondary Public Offering

Yandex Announces Exercise of Underwriters' Option to Purchase Additional
Shares in Secondary Public Offering

MOSCOW and THE HAGUE, Netherlands, March 14, 2013 (GLOBE NEWSWIRE) -- Yandex
N.V. (Nasdaq:YNDX), one of Europe's largest internet companies, today
announced that the underwriters of the previously announced secondary public
offering of Class A ordinary shares by selling shareholders have exercised in
full their option to purchase 2,425,399 additional Class A shares, at the
public offering price of $22.75 per share, less underwriting discounts and
commissions. The closing of the option is expected to occur on March 18, 2013,
subject to customary closing conditions. With this exercise, the total number
of Class A shares being sold is 26,679,386. The Class A shares are being sold
by BC&B Holdings B.V., Belka Holdings Limited, Ilya Segalovich and Emerald
Trust.

Morgan Stanley & Co. International plc, Deutsche Bank Securities Inc. and
Goldman, Sachs & Co. have acted as joint bookrunners for the offering. Morgan
Stanley is acting as stabilization manager for the offering.

An automatic shelf registration statement relating to the Class A shares of
Yandex to be sold in the offering was filed on March 11, 2013 with the
Securities and Exchange Commission (SEC) and became effective upon filing. The
offering of the Class A shares was made only by means of a prospectus and
prospectus supplement. You may obtain these documents for free by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, the prospectus and
prospectus supplement may be obtained from the offices of Morgan Stanley,
Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York
10014, by telephone at: (866) 718-1649 or by emailing
prospectus@morganstanley.com; from Deutsche Bank Securities Inc., Attn:
Prospectus Department, 60 Wall Street, New York, NY 10005-2836, by telephone
at: (800) 503-4611 or by emailing prospectus.CPDG@db.com; or from Goldman,
Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282,
by telephone at: (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com.

This announcement does not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities, in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

This announcement is not an offer, or an invitation to make offers, sell,
purchase, exchange or transfer any securities in Russia or to or for the
benefit of any Russian person, and does not constitute an advertisement or
offering to non-qualified investors of any securities in Russia. The
securities have not been and will not be registered in Russia or admitted to
public placement and/or public circulation in Russia. The preliminary
prospectus supplement cannot be provided to any person in the Russian
Federation who is not a "qualified investor". The securities are not intended
for "placement" or "circulation" in Russia except as permitted by Russian law.

Forward-Looking Statements

Statements in this release that are not historical facts are forward-looking
statements under the provisions of the Private Securities Litigation Reform
Act of 1995. By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on circumstances that
may or may not occur in the future. These risk and uncertainties include, but
are not limited to, the consummation of the offering by the selling
shareholders. Forward-looking statements reflect management's analysis as of
the date of this press release. Important factors that could cause actual
results to differ materially from our expectations are more fully described in
our filings with the SEC. Except as required by applicable law, we do not
undertake to publicly update or revise any of these forward-looking
statements, whether as a result of new information, future events or
otherwise.

About Yandex

Yandex is one of Europe's largest internet companies, operating Russia's most
popular search engine and most visited website. Yandex's mission is to help
users solve their everyday problems by building people-centric products and
services. Based on innovative technologies, the company provides the most
relevant, locally tailored experience on all digital platforms and devices.
Yandex also operates in Turkey, Ukraine, Belarus and Kazakhstan. More
information on Yandex can be found at http://company.yandex.com.

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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