QIWI Prices 12.5M Share IPO at $17/ADS

QIWI plc, a leading provider of next generation payment services in Russia and the CIS, today announced the pricing of its initial public offering of 12,500,000 Class B Shares in the form of American Depositary Shares (ADS) at a price of $17 per ADS. All of the ADSs are being offered by selling shareholders. Each ADS represents one class B share of the Company. The selling shareholders have granted the underwriters a 30-day option to purchase up to 1,875,000 ADSs to cover over-allotments, if any. The ADSs will begin trading on the NASDAQ Global Select Market on May 3, 2013 under the symbol "QIWI." J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, and Robert W. Baird & Co. Incorporated, Renaissance Securities (Cyprus) Limited and William Blair & Company L.L.C. are the co-managers for the offering. A copy of the final prospectus related to the offering may be obtained when available from J.P. Morgan Securities LLC, via telephone at (866) 803-9204 or by mail at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; or Credit Suisse Securities (USA) LLC, via telephone at (800) 221-1037,