Sberbank reports 2Q 2021 Net Profit of RUB325.3 -3-

account the scale of activities and the role of Sber. ? Sber was top-rated among Russian banks by quality of services to clients with disabilities. ? Sber green loans portfolio reached RUB75 bn, while the loan portfolio, where the rate is linked to the ESG metrics,

exceeds RUB50 bn. ? Sber is focused on enhancing green and sustainable lending. The ESG classification for loans was introduced, and

pricing terms measured against respective ESG metrics were approved. ? Sber started installing solar energy panels at branches to cover more than 20% of its electric consumption by own

autonomous devices. By 2030, Sber branches should become carbon neutral.

Selected Capital Adequacy Results Overview

                                                                                                30.06.2021/ 30.06.2021/ 
RUB bn, unless stated otherwise          30.06.2021       31.03.2021         31.12.2020         31.03.2021, 31.12.2020, 
                                                                                                % change    % change 
Common equity Tier 1 capital                       4                 4 922.1             4      -2.5%       1.7% 
                                         798.7                               719.9 
Tier 1 capital                                     4                  5                 4 869.9 -2.4%       1.6% 
                                         948.7            072.1 
Total capital                                      5                 5 261.4            5 008.9 -2.3%       2.6% 
                                         139.0 
Risk-weighted assets                             34 164.0          34 421.2           34 124.2  -0.7%       0.1% 
      Credit risk                                29 772.7         29 425.8           29 253.9   1.2%        1.8% 
     Operational risk                             2 986.3           3 664.3            3 664.3  -18.5%      -18.5% 
     Market risk                                   1                  1                 1 206.0 5.6%        16.5% 
                                         405.0            331.1 
Common equity Tier 1 capital adequacy    14.05%           14.30%             13.83%             --          -- 
ratio 
Tier 1 capital adequacy ratio            14.49%           14.74%             14.27%             --          -- 
Total capital adequacy ratio             15.04%           15.29%             14.68%             --          -- 
Leverage ratio                           12.4%            12.9%              12.9%              --          -- 

Common equity Tier 1 capital decreased by 2.5% for 2Q 2021 to RUB4,798.7 bn from dividend distribution of RUB422.4 bn for 2020. The Group total capital decreased by 2.3% for 2Q 2021 to RUB5,139.0.

The Group risk-weighted assets were down by 0.7% to RUB34,164.0 bn in 2Q 2021, mainly due to the transition to a standardized approach in calculating operational risk under the Central Bank Regulation #744-P, the savings effect from which was RUB0.7 trn.

The risk-weighted assets density decreased from 87.6% to 85.8% for 2Q 2021.

Common equity Tier 1 capital adequacy ratio and Tier 1 capital adequacy ratio in 2Q 2021 came down by 25 bp to 14.05% and 14.49% respectively, while total capital adequacy ratio decreased by 25 bp to 15.04%.

Conference call details

The Sber 2Q 2021 Consolidated IFRS Results Conference Call will be held on July 29, 2021 at 5:00 pm Moscow time (3:00 pm London / 10:00 am New York time).

The conference call dial-in and webcast details are:

Conference ID: English - 5692107

Russian - 8858537

Telephone numbers:

Russia [phone] (local access)

8 800 500 9283 (toll free)

UK [phone] (local access)

0800 358 6377 (toll free)

USA [phone] (local access)

800-458-4148 (toll free)

Webcast-Link:

https://www.webcast-eqs.com/sberbank20210729

1 Includes discontinued operations, which included Eurocement Group from 3Q 2020

2 Excluding the subordinated loan agreement in the amount of RUB150.0 bn classified as equity financial instrument that was previously ceded by the Bank of Russia in favor of the Ministry of Finance

3 Based on profit from continuing operations

4 Operating income before provisions for debt financial assets, credit related commitments and revaluation of loans at fair value due to change in credit quality

5 Other non-interest income / (expense) includes: Net gains / (losses) from non-derivative financial instruments at fair value through profit or loss; Net gains from financial instruments at fair value through other comprehensive income; Net gains from derivatives, trading in foreign currencies, foreign exchange and precious metals accounts translation; Net losses arising on initial recognition and modification of financial instruments measured at amortized cost; Impairment of non-financial assets; Net charge for other provisions and allowances; Revenue of non-financial and other business activities; Cost of sales and other expenses of non-financial and other business activities; Net premiums from insurance and pension fund operations; Net claims, benefits, change in contract liabilities and acquisition costs on insurance and pension fund operations; Income from operating lease of equipment; Expenses related to equipment leased out; Net share of loss of associates and joint ventures; Other net operating income / (expenses)

6 Includes net expenses from provisioning for debt financial assets and revaluation of loans at Fair Value due to changes in credit quality

7 Total equity attributable to shareholders of the Bank / Total numbers of shares outstanding (ordinary + preferred)

8 Before loan loss allowance and including loans at amortized cost and at fair value

9 Based on management accounts

10 Taking into account the change in the methodology in accounting for the revaluation of the OTC assets and REPO transactions

11 For the segment Non-financial business Revenues of the associates and joint ventures are disclosed proportionately to the ownership share of the Group in the reporting period. For the companies of the Group Revenues are calculated on the 100% basis from the date of the control. The information does not include data on Yandex.Market and the financial results from the disposal of Yandex.Market

DISCLAIMER

This document has been prepared by Sberbank of Russia (the "Bank") and has not been independently verified. This press release does not constitute or form part or all of, and should not be construed as, any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire, or a recommendation regarding, any shares or other securities representing shares in, or any other securities of the Bank, or any member of the Bank's group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or any commitment whatsoever or any investment decision. The information in this press release is confidential and is being provided to you solely for your information and may not be reproduced, retransmitted or further distributed to any other person or published, in whole or in part, for any purpose.

This press release doesn't constitute an offer of securities of the Bank for sale in the United States. The Securities may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1993 as amended.

This press release is only being distributed to and is only directed at (A) persons in member states of the European Economic Area (other than the United Kingdom) who are "qualified investors" within the meaning of Article 2(1)(e) of Directive 2003/71/EC (as amended and together with any applicable implementing measures in that member state, the "Prospectus Directive") ("Qualified Investors"); (B) in the United Kingdom, Qualified Investors who are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and/or high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; and (C) such other persons as to whom this press release may be lawfully distributed and directed under applicable laws (all such persons in (A) to (C) above together being referred to as "relevant persons"). The shares, or other securities representing shares, or any other securities of the Bank are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents.

This press release does not constitute any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire any securities of the Bank within the Russian Federation or in favor of the Russian entities or persons. Any foreign securities representing shares of the Bank may not be offered or sold within the Russian Federation, except as provided by the relevant Russian legislation.

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July 29, 2021 03:00 ET (07:00 GMT)