INFORMATION FOR INVESTORS

SHARE CAPITAL

In 2021, Moscow Exchange’s share capital remained unchanged. As of 31 December 2021, it amounted to RUB 2,276,401,458 and the number of outstanding ordinary shares stood at 2,276,401,458. Pursuant to the Exchange’s Charter, each share grants the right to one vote at the General Meeting of Shareholders.

The shares are traded on Moscow Exchange’s own trading platform (ticker: MOEX) and are included in the first-level quotation list. The shares are also a constituent of the Russian market benchmark indices, the MOEX Russia Index and the RTS Index, which are comprised of up to 50 stocks issued by Russia’s largest traded companies. They are also in the sectoral index for Finance and the equity sub-index of the Pension Savings Assets Index. As of 14 February 2022, Moscow Exchange shares were included in four thematic sustainability indices: MOEX-RSPP Responsibility & Transparency Index, MOEX-RSPP Sustainability Vector Index, MSCI Europe and Middle East ESG Leaders Index and FTSE4Good Emerging Index.

The Exchange’s shares are included in a number of global indices, such as those calculated by MSCI, MV Index Solutions, S&P, FTSE, STOXX, Bloomberg, etc. The international index provider MSCI includes MOEX’s shares in the MSCI Russia Index and the MSCI Emerging Markets Index.

The Exchange has no shareholders possessing any degree of control over the company disproportionate to their holding of the Exchange’s share capital, as per a shareholder agreement or other agreement. The Exchange has not issued preferred shares, such as those with a different nominal value. The share capital structure does not include any instrument that would provide the holder control over the company disproportionate to its stake in the company.

As of 31 December 2021, the total number of MOEX shareholders was 379,018, including 377,912 individual shareholders. MICEX-Finance, a controlled entity of the Exchange, held 18,922,617 shares (0.831% of the share capital).

In 2021, the Exchange executed no special-purpose related-party transactions with its shareholders. All transactions were of market nature and were executed on terms and conditions similar to those applied in transactions with other counterparties of the Exchange.

REGISTRAR

For more details, please visit the company’s website: www.rostatus.ru.

MOEX SHARE PERFORMANCE

As of the end of 2021, Moscow Exchange’s market capitalization was RUB 348,8 bn (versus RUB 362.5 as at the end of 2020). Since MOEX’s IPO in 2013, the share price has increased by 179% excluding dividend payments.

In 2021, the average daily trading volume (ADTV) of the company’s shares was more than RUB 1 billion for the second consecutive year.

* All quotes are in RUB.

** Versus ordinary and preferred shared admitted to trading on MOEX’s Equity Market, by trading volume in the main trading mode.

DIVIDENDS

For 2020, Moscow Exchange’s Annual General Meeting of Shareholders (AGM) resolved to distribute dividends in the amount of RUB 9.45 per share. In total, RUB 21.5 bn was allocated for the payment of dividends, equivalent to 85% of the 2020 IFRS consolidated net income of the Exchange. The Exchange’s Dividend Policy, which was approved by the MOEX Supervisory Board in October 2019, requires that dividends equal at least 60% of IFRS consolidated net income. The target level of the profit allocated for dividend payment is determined as the free cash flow to equity (FCFE).

In accordance with the Federal Law on Joint Stock Companies, the deadline for payment of dividends to a nominee registered in the shareholder register should not exceed 10 business days, and to other persons registered in the shareholder register - 25 business days from the dividend record date.

INVESTOR RELATIONS

Moscow Exchange engages with existing and prospective investors to provide them with an overview of the activities of the company and raise awareness of MOEX’s business with the aim of continually diversifying the shareholder base. Investor relations activities are scheduled in such a manner that any investor has the opportunity to interact with and ask questions of MOEX management at least once a year and receive all the information s/he needs in a timely manner in order to make reasonable investment decisions. It is one of Moscow Exchange’s priorities to adhere to the highest standards of information disclosure given its roles as both a public company and operator of Russia’s core financial markets infrastructure.

Amid the pandemic, communication with shareholders and investors went to an online - format. In 2021 Moscow Exchange’s management held 241 meetings (also online) with institutional investors and analysts and took part in 15 international conferences for investors. It held online roadshows in cooperation with global brokers. It held online roadshows in cooperation with global brokers.

In total, in 2021, Moscow Exchange’s management contacted 121 institutional investors who, according to Nasdaq IR Insight, at the end of 2021 owned 44% of the company’s free float (as compared to 38% in 2020). 27% business contacts were investors from North America, 26% from the UK, 17% from continental Europe, 10% from Russia, 10% from Africa, 8% from Asia and 2% from other regions.

MOEX also places strong emphasis on engaging with retail investors. The number of retail shareholders exceeded 377,000 as of the end of 2021. Against the backdrop of the growing activity of individuals on the stock market, Moscow Exchange is implementing a number of initiatives aimed at improving the financial literacy of individual investors (see the “Exchange and the Community” chapter). Moscow Exchange management participates in a wide range of public events and webinars organised by Moscow Exchange and external partners. Since 2014, MOEX has run an annual Shareholder Day for retail investors, an event in the form of a conference call with representatives of senior management. At another such event on 14 April 2021, the management of the Exchange spoke about new projects and the company’s development prospects, as well as answered questions about corporate governance and initiatives to attract private investors to the Russian financial market.

INVESTORS’ OPINION ON INVESTOR RELATIONS AT MOSCOW EXCHANGE

Since 2014, Moscow Exchange has annually commissioned a perception study to learn more about how MOEX is viewed by investors and analysts.

ANALYSTS

MOEX’s performance is closely monitored by leading Russian and international banks.

They publish regular reports on MOEX’s shares as well as provide stock recommendations and financial forecasts.

As of 31 December 2021, the market consensus forecast for MOEX shares based on forecasts of thirteen analysts was RUB 191.08 per share.