MOSCOW, Oct. 17, 2011 (GLOBE NEWSWIRE) -- Yandex (Nasdaq:YNDX) and
Samsung today have announced a strategic partnership in the CIS
countries. Samsung Smart TV in these countries now features Yandex's TV
widget with access to the company's online services. Samsung's Smart TV
for users in the CIS now has Yandex as the default search engine with
the portal's front page set up as the default homepage. Additionally,
Yandex's services will also be available on bada 2.0 powered
smartphones in the near future.

"This partnership between two market leaders, Samsung and Yandex, will
be beneficial to the consumer who will benefit from a new level of
helpful services in smart devices from Samsung," said Sergey Pevnev,
Marketing Director for the CIS countries at Samsung Electronics.
"Yandex's apps for Samsung Smart TV and bada-powered mobile phones help
users to quickly find and receive the latest information and stay
updated on recent news and events."

The widget for Smart TV offers access to all services available on
Yandex's front page, including Yandex.Traffic, Yandex.Afisha,
Yandex.News and Yandex.TV. Continually updated information, such as
currency exchange rates, road conditions, news or movie listings can
now be viewed directly on the TV screen, during commercial breaks, for
instance. All services offer information based on the user's location
and are adapted for viewing on a TV screen.

"The time when the computer was the only device for browsing the
internet is long past. Web services and applications are now available
on various mobile devices, smartphones and game consoles. Together with
the Samsung team, we are continuing to evaluate what services are
appropriate for each device to provide an optimal experience for the
user," said Elena Dobrokhotova, Director of Operational Marketing at
Yandex.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor,
telecommunication, digital media and digital convergence technologies
with 2010 consolidated sales of US$135.8 billion. Employing
approximately 190,500 people in 206 offices across 68 countries, the
company consists of nine independently operated business units: Visual
Display, Mobile Communications, Telecommunication Systems, Digital
Appliances, IT Solutions, Digital Imaging, Memory, System LSI and LCD.
Recognised as one of the fastest growing global brands, Samsung
Electronics is a leading producer of digital TVs, semiconductor chips,
mobile phones and TFT-LCDs. For more information, please visit
www.samsung.com.

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.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve
risks and uncertainties. These include statements regarding the success
of our Smart TV and mobile products. Actual results may differ
materially from the results predicted or implied by such statements,
and our reported results should not be considered as an indication of
future performance. The potential risks and uncertainties that could
cause actual results to differ from the results predicted or implied by
such statements include, among others, our ability to successfully meet
the challenges of establishing a market position in a new geography,
competitive pressures, changes in advertising patterns, changes in the
legal and regulatory environment, technological developments,
unforeseen changes in our hiring patterns, and our need to expend
capital to accommodate the growth of the business, as well as those
risks and uncertainties included under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Prospectus dated May 24, 2011, which is
on file with the Securities and Exchange Commission and is available on
our investor relations website at
http://company.yandex.com/investor_relations/sec_filing.xml and on the
SEC website at www.sec.gov. All information provided in this release is
as of the date hereof, and Yandex undertakes no duty to update this
information unless required by law.


CONTACT: Investor Relations
         Dmitry Barsukov, Katya Zhukova
         Phone: +7 495 739-70-00
         E-mail: askir@yandex-team.ru
         
         Press Service
         Ochir Mandzhikov, Dina Litvinova
         Phone: +7 495 739-70-00
         E-mail: pr@yandex-team.ru