Listingrule s

Grounds for exclusion:

№	Grounds for exclusion	Level One	Level Two
1.	Quantity of free-floated shares of the issuer (FFs)	For 6 consecutive months in relation to ordinary and preferred shares: Less than 7.5% of total ordinary shares or preferred shares (preferred shares of a certain type) placed by the issuer	For 6 consecutive months in relation to ordinary and preferred shares: Less than 4% of total ordinary shares or preferred shares (preferred shares of a certain type) placed by the issuer; For the Growth Sector and grounds for exclusion are determined in accordance with Clause 3.4.2 of Annex 3
2.	Failure to comply with the requirements to corporate governance	The requirements are set out in Clause 2.18 of this Annex	The requirements are set out in Clause 2.19 of this Annex
3.	The issuer's free float remains below the FF value for three months after the completion of placement and/or sale of securities	As set out in Clause 2.21, 1 of this Annex^1	As set out in Clause 2.21, 1 of this Annex^1
4.^2	Daily median trading volume in each calendar quarter^3	Less than RUB 3 million, or if the number of trading days during which trades were effected is less 70% of total trading days in the respective quarter^4 Not applicable while: 1) the daily median trading volume in each calendar quarter is at least RUB 1 million, with the number of trading days during which trades were effected is at least 70% of total trading days in the respective quarter; and 2) the agreements referred in Sub-Clause 5 of this Clause are entered into, and the market-maker's requirements in relation to securities are complied with.	Less than RUB 500 thousand, or if the number of trading days during which trades were effected is less 70% of total trading days in the respective quarter^4 Not applicable if the agreements referred in Sub-Clause 5 of this Clause are entered into, and the market-maker's requirements in relation to securities are complied with.
5.^2	Agreement for market-maker's services^3	Two agreements among the Entity, market-makers and the Exchange are not available, or the market-maker's obligations in relation to securities are not complied with^5. The conditions to the market-makers' compliance with their obligations shall be defined by the Exchange decision. Not applicable if the daily median trading volume in each calendar quarter is greater than RUB 3 million, provided that the conditions set out in Sub-Clause 4 of this Clause are complied with.	Two agreements among the Entity, market-makers and the Exchange are not available, or the market-maker's obligations in relation to securities are not complied with^5. The conditions to the market-makers' compliance with their obligations shall be defined by the Exchange decision. Not applicable if the daily median trading volume in each calendar quarter is greater than RUB 500 thousand, provided that the conditions set out in Sub-Clause 4 of this Clause are complied with.

1. Applies if the shares or the depositary receipts representing shares were included in Level One or Level Two List, regardless of whether the FF value set in Sub-Clause 1 Clause 2.21 of this Annex is met, if it was expected that such requirement will be met upon the completion of the proposed placement and/or proposed sale of such securities.