MOSCOW, Nov. 28, 2011 (GLOBE NEWSWIRE) -- Yandex (Nasdaq:YNDX)
announced the acquisition of SPB Software, a leading developer of
mobile software with offices in Russia, Taiwan, and Thailand. SPB
offers a full suite of mobile solutions including a mobile user
interface engine for smartphones and tablets.

With this acquisition, Yandex will start offering a key component for
mobile platforms - a user interface configured to integrate the
company's key services. This move boosts Yandex's opportunities to
partner with the players in the mobile eco-system.

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

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

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.

The Yandex Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10933


CONTACT: Press Service
         Ochir Mandzhikov, Dina Litvinova
         Phone: +7 495 739-70-00
         E-mail: pr@yandex-team.ru