Yandex N : YNV Presentation

Forward-Looking Statements

All statements contained in this presentation other than statements of historical facts, including, without limitation, statements regarding our proposed divestment of our businesses in Russia and certain international markets, are forward-looking statements.

YNV can provide no assurance that it will be successful in achieving first closing or second closing of the proposed transaction. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others, our ability to satisfy certain conditions under the share purchase agreement, our dependence on third-parties to satisfy certain conditions under the share purchase agreement, changes in the political, legal and/or regulatory environment that may affect the proposed transaction, macroeconomic and geopolitical

developments affecting the Russian economy or our business, and currency fluctuations, as well as those risks and uncertainties included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed on or about April 26, 2024, and "Risk Factors" in the Shareholder Circular filed as Exhibit 99.1 to our Current Report on Form 6-K dated February 8, 2024,

which are or will be available on our investor relations

website athttps://ir.yandex/sec-filingsand on the SEC website athttps://www.sec.gov/.

All information in this presentation is as of April 26, 2024, and YNV undertakes no duty to update this information unless required by law.

Yandex N.V. Ownership Structure

Before & after the proposed transaction

1. Public Interest Foundation (2) Holdings of Russian shareholders expected to decrease materially as a result of transaction consideration paid in YNV Class A shares

Ownership Structure Pre-Sale

of the Yandex Group

Post-Completion of Sale of the Russian Businesses

by Yandex N.V.

Public

Shareholders

87.9%

Yandex N.V.

100%

International

Businesses

Nebius AI Toloka AI

TripleTen Avride

Data center in Finland

LASTAR Trust, other Class B shareholders, directors, officers & employees

12.1%

PIF1

Priority Share

100%

Businesses in Russia and certain international markets

LASTAR Trust, other Class B shareholders, officers & employees, Remaining Public Shareholders2

100%

YNV

to be renamed

100%

International

Businesses

Nebius AI Toloka AI

TripleTen Avride

Data center in Finland

PIF1

Priority Share

Management

Foundation

Priority Share

The Target

(IJSC "Yandex")

3

TSA

Licenses

Connection with Russia

Non-Compete Agreement

Limited Transitional Services Agreements with the Russian Holdco will be put in place, terminating in May 2024

Transitional licenses for intellectual property will be

in place for various fixed periods in 2024 to facilitate further development of retained businesses' own technology

Following the successful closing of the Transaction, there will be no connection between YNV and Russia on an operational, management or governance level, and the Company will have no continuing shareholding in Yandex Russia

YNV will be permitted to operate its International Businesses globally (save for in Russia and Belarus) at any time

For a period of five years following First Closing, YNV cannot develop, nor can the International Businesses grow outside of their original scope so as to compete with the Yandex Russia businesses, as they were conducted at First Closing, anywhere in the world

New name

to be approved by shareholders

YNV

interim designation

Portfolio of businesses and assets to be retained by YNV

Headquarters

Amsterdam, NL

with teams worldwide

NASDAQ

listed

Own data center

Mäntsälä, FI

Headcount

~1,300

incl. engineers & BD experts

MOEX

listing to be

5%

of total assets of the Yandex Group (pre-Sale1)

discontinued

(1) As of December 31, 2023

THE TEAM

Almost

1,300 total headcount as of the end of Q1 2024

EXCEPTIONAL TECH SKILLS

Top-tier IT professionals in the most in-demand fields

10+ YEARS

ATTUNED TEAMWORK

Efficient intra- and cross-team collaboration enabled by previous experience of working together

5+ YEARS

leading specialists' professional experience in ML/LLM & other fields

Almost

specialists have spent contributing to shared projects (on average)

70% of the headcount are

THE MOST IN-DEMAND

tech professionals

ML / LLM engineers cloud engineers data scientists data analysts security architects

SCALE THINKING

Many tech professionals began their careers in a leading tech company in Europe & the CIS

BIG TECH

MINDSET

rooted in the background of tech team members

LOCAL KNOWLEDGE

Seasoned business development, sales and marketing leaders native to markets of presence

LOCAL &

GLOBAL

team mix to execute business growth strategies

Business Overview

An AI-centric cloud platform providing infrastructure, computing capacity, ML-oriented cloud solutions, ML workflow platform, and a marketplace for AI tools

Data-for-GenAI solutions for every state of the GenAI lifecycle, from data annotation and generation to quality assessment of LLMs for accuracy and reliability

An EdTech service equipping more of the workforce with the skills they need to build successful careers in AI and IT

A developer of nextgen autonomous vehicles and delivery robots for more efficient and safer urban development

Competitive Edge

15,000 GPUs total capacity of own data center

#1 most powerful commercial

supercomputer in Europe1

20% more cost efficient developing data center infrastructure vs peers

120+ countries covered by

expert network

Diversified client base: from large enterprise clients to GenAI- oriented ventures

Robust cybersecurity: ISO 27001, 27701, GDPR, HIPAA

87% employment rate within

six months of graduation2

Top-rated EdTech in the US

by employment rate, median salary after graduation and student feedback

20M+ kilometers on public roads driven by automated vehicles developed by the team

200,000+ deliveries completed by delivery robots designed by the team

Key Partners

• Clients
  Main locations

World's leading

Energy efficiency

5x less

overhead energy used compared to an average data center1

Heat recovery

system that uses server heat to warm local homes

Built by the team

Supercomputers

Nebius has engineered one of the world's most powerful ML-oriented supercomputers, ranking as Europe's most potent commercially available computing infrastructure

TOP 3%

of world's most potent supercomputers2

Power Usage Effectiveness (PUE)

(lower is better, ideal = 1.0)

Source: latest available full-year company reports

Free cooling

featuring higher operational t°, no subcooling, self-controlled humidity

>15%

of additional energy saved as operating environment does not require subcooling of inlet air

1. Comparing Nebius' PUE with world's average of 1.58. Source: 2023 Uptime Institute.

86.79 PFlop/s

peak performance, ahead of 97% of other supercomputers globally

#1 most energy efficient

supercomputer out of global TOP 5% most potent commercially available supercomputers3

1. Ranked #16 in the universe of 500 supercomputers. Source:Top500supercomputer rating (3) Source: Green500.

GCP

Nebius

Microsoft Azure

Alibaba

AWS

Oracle

IBM

1.10

1.11

1.18

1.22

1.3 (est.)

1.42

1.52