Yandex Acquires Mobile Developer SPB Software

Moscow, November 28, 2011. Yandex (NASDAQ: YNDX) announced the acquisition of SPB Software, a leading developer of mobile software with offices in Russia, Taiwan, and Thailand. SPB offers a full suite of mobile solutions including a mobile user interface engine for smartphones and tablets.

With this acquisition, Yandex will start offering a key component for mobile platforms - a user interface configured to integrate the company's key services. This move boosts Yandex's opportunities to partner with the players in the mobile eco-system.

SPB Shell 3D, developed by SPB Software, will be enhanced to integrate Yandex's cloud services and technologies. In addition, users will have easy access to the company's services including its search capabilities featured on a wide variety of mobile devices.

"Mobile is a vital part of our growth strategy. The acquisition of SPB Software creates new market potential for us and a plethora of possibilities for innovative solutions for our partners," said Yandex's CEO Arkady Volozh. "SPB Shell 3D is an ideal foundation on which to build up our mobile opportunity."

"SPB Software is excited to join Yandex," said Sebastian-Justus Schmidt, CEO of SPB Software. "This allows us to unite efforts in developing and marketing new cutting-edge mobile solutions. SPB Software will continue its mission to produce innovative mobile products of the highest quality."

About SPB Software

SPB is a leading brand in mobile software, standing for a unique line of popular consumer products and partnerships with the world's most innovative handset makers and wireless carriers. For more information, please visit www.spb.com. SPB Software has 75 employees and offices in Russia, Taiwan and Thailand.

About Yandex

Yandex (NASDAQ: YNDX) is the leading internet company in Russia, operating the country's most popular search engine and the most visited website. Yandex also operates in Ukraine, Kazakhstan, Belarus and Turkey. Yandex's mission is to answer any question internet users may have.

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