MOSCOW, May 30, 2012 (GLOBE NEWSWIRE) -- Yandex (Nasdaq:YNDX) has
released a subscription music app for the iPhone. The app is integrated
with the Yandex.Music service, which allows streaming from its online
catalogue of more than three million tracks. Mobile users can also save
their favourite compositions in the app for offline listening.

The mobile application complements the company's web-based Yandex.Music
service. Users will be able to manage their playlists from any device
-- all changes are automatically synchronized between the app and
desktop accounts.

The Yandex.Music app is available to users in Russia, Ukraine, Belarus,
and Kazakhstan, and can be downloaded from Apple's AppStore. After a
free two-week trial period, the app's subscription fee is 199 roubles
($6.99) per month. The web-based service is free.

Yandex.Music is a free music streaming service offering access to
licensed music published on the internet. As of May 2012, the service
has more than three million tracks in its catalogue. Yandex.Music is
available in Russia, Ukraine, Belarus, and Kazakhstan.

About Yandex

Yandex (Nasdaq:YNDX) is the leading internet company in Russia,
operating the country's most popular search engine and 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: Investor Relations
         Dmitry Barsukov, Katya Zhukova
         Phone: +7 495 739-7000
         E-mail: askIR@yandex-team.ru
         
         US Investor Contact
         The Blueshirt Group, for Yandex
         Alex Wellins
         Phone: +1 415 217-5861
         E-mail: alex@blueshirtgroup.com
         
         Media Relations
         Ochir Mandzhikov, Dina Litvinova
         Phone: +7 495 739-7000
         E-mail: pr@yandex-team.ru