March 28 (Reuters) - Yandex NV ( YNDX ):

* UPDATE ON THE DIVESTMENT OF ITS RUSSIA-BASED BUSINESSES

* A DEFINITIVE AGREEMENT WITH A PURCHASER CONSORTIUM TO SELL

ALL

OF GROUP'S BUSINESSES IN RUSSIA & CERTAIN INTERNATIONAL MARKETS

FOR RUB 475 BILLION, AS ANNOUNCED ON FEB 5

* AS OF NOW, WE HAVE RECEIVED ALL NECESSARY REGULATORY

APPROVALS

IN RUSSIA FOR THIS SALE

* As previously announced, the sale transaction will be

implemented in two closings. We anticipate satisfaction of the

remaining conditions to the first closing in the coming weeks.

* To provide time to satisfy the remaining conditions to the

first

closing, the parties have mutually agreed to extend the long

stop date under the Share Purchase Agreement between YNV and the

Purchaser from April 2, 2024 to April 30, 2024.

* PARTIES HAVE MUTUALLY AGREED TO EXTEND LONG STOP DATE

UNDER

SHARE PURCHASE AGREEMENT FROM APRIL 2, 2024 TO APRIL 30, 2024.

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