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SPB Software acquired by Russian internet giant, Yandex [PRESS RELEASE]

Moscow, November 28th, 2011 - SPB Software, a leading mobile software developer is acquired by Yandex (NASDAQ: YNDX), the leading internet company in Russia.

With this acquisition Yandex starts offering a key component for various mobile platforms - a user interface configured to integrate the company's key services based on SPB best known technology - SPB Shell 3D. This move boosts Yandex's opportunities to partner with the players in the mobile ecosystem.

SPB Shell 3D, developed by SPB Software, will be enhanced to integrate Yandex's cloud services and technologies. In addition, users will have easy access to the company's services including its search capabilities featured on a wide variety of mobile devices.

"Mobile is a vital part of our growth strategy. The acquisition of SPB Software creates new market potential for us and a plethora of possibilities for innovative solutions for our partners", said Yandex's CEO Arkady Volozh. "SPB Shell 3D is an ideal foundation on which to build up our mobile opportunity."

"SPB Software is excited to join Yandex", said Sebastian-Justus Schmidt, CEO of SPB Software. "This allows us to unite efforts in developing and marketing new cutting-edge mobile solutions. SPB Software will continue its mission to produce innovative mobile products of the highest quality."

*** About SPB Software (www.spb.com) ***

SPB is a leading brand in mobile software, standing for a unique line of popular consumer products and partnerships with the world's most innovative handset makers and wireless carriers. For more information, please visit www.spb.com. SPB Software has 75 employees and offices in Russia, Taiwan and Thailand.

*** About Yandex (www.yandex.com) ***

Yandex (NASDAQ: YNDX) is the leading internet company in Russia, operating the country's most popular search engine and the most visited website. Yandex also operates in Ukraine, Kazakhstan, Belarus and Turkey. Yandex's mission is to answer any question internet users may have.

Contacts:

SPB Software:
Olga Steidl
Email: [email protected]

Yandex:
Press Service
Ochir Mandzhikov, Dina Litvinova
Phone: +7 495 739-70-00
Email: [email protected]

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