OREANDA-NEWS. 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 USD 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.