Announcement of Sberbank on potential changes to structures of capital market indexes:

Sberbank of Russia JSC (hereafter referred to as Sberbank) sees no need and has no plans to raise additional equity capital by issuing new shares. Sberbank's current and forecast capital adequacy ratio is adequate and fully complies with all regulatory requirements under Russian Accounting Standards and the International Financial Reporting Standards (IFRS).

Sberbank highly values the trust of its shareholders. The bank's development strategy up to 2018 provides for the maintenance of capital adequacy at sufficient level with the necessary safety buffer, based on the strong profit generating capacity and subordinated debt instruments.

In relation to the adoption of Articles 4 and 5 of the Federal Act 'Concerning Additional Measures to Support the Financial System of the Russian Federation' dated July 21, 2014 №275-F3, Sberbank informs of its decision to convert subordinated loans, previously issued by the Central Bank of the Russian Federation, into unsecured subordinated loans. Such loans have a maturity term of up to 50 years and (or) the possibility of extension by the borrower no more than once in 50 years (without securing approval of the lender). Sberbank has notified the Central Bank of the Russian Federation of this decision.

In connection with the above, Sberbank sees no reason to change the weight of Sberbank shares in the structure of capital markets indexes due to the perceived threat of issuing new shares, the investment in which is currently subject to specific sanction limitations in some jurisdictions.