CITI APPOINTED DEPOSITARY FOR MAIL.RU GROUP LIMITEDS GDR PROGRAMME
London, Moscow - November 10, 2010 – November 10, 2010 - Citi's Global Transaction Services business, acting through Citibank N.A., has been appointed by Mail.ru Group Limited ("Mail.ru"), the largest Internet company in the Russian-speaking world, one of the largest Internet companies in Russia, and the world's seventh largest Internet business, as the depositary bank for its London Stock Exchange-listed Global Depositary Receipt (GDR) programme.
Mail.ru's GDR program was established through a $912,000,000 offering, originally priced at $27.70 per GDR. The GDRs are listed under the symbol "MAIL". Each GDR represents one ordinary share; however, as a single-listed GDR programme, the underlying ordinary shares are not listed or publicly traded in the issuer's home market.
Ayden Dagg, EMEA Head of Depositary Receipt Services at Citi, said, "We are pleased to have been appointed depositary for Mail.ru's GDR programme and look forward to helping them broaden their shareholder base through our investor relations expertise and unmatched global equity distribution network."
For more information on Citi's Depositary Receipt Services, visit www.citi.com/dr.
Mail.ru is the one of the largest Internet companies in the Russian-speaking world, one of the largest Internet companies in Russia, and the world's seventh largest Internet business. Since its formation in 2005, and particularly since the end of 2008, Mail.ru has moved rapidly to build an integrated communication and entertainment platform that allows the company to attract and monetise one of Russia's largest daily Internet audiences. The company's integrated communication and entertainment platform attracts millions of users each day, offering the company a significant base for launching new services designed to further increase user engagement. Mail.ru leverages their large daily user base to generate revenues from display and contextual advertising, as well as from user payments for a range of Internet value-added services ("IVAS") including online games, virtual gifts and other services. For more information: www.mail.ru.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Global Transaction Services
Global Transaction Services, a division of Citigroup's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup's Global Transaction Services supports over 65,000 clients. As of the third quarter of 2010, it held on average $340 billion in liability balances and $12.4 trillion in assets under custody.