MOSCOW, Jan. 30, 2012 (GLOBE NEWSWIRE) -- Yandex (Nasdaq:YNDX), the
leading internet company in Russia operating the country's most popular
search engine and most visited website, has purchased a license for
digital maps supplied by the leading global location content provider,
NAVTEQ. These digital maps will be used in the development of a
detailed world map for the Yandex.Maps service.

NAVTEQ has provided Yandex with maps from all over the world, including
highly detailed maps of Europe, North America, Australia and developed
countries in Asia. These maps show intercity motorways, urban traffic
networks, streets and buildings. Yandex.Maps will gradually add new
content both to its desktop version and to its mobile application that
supports all major platforms. Using the Yandex.Maps API, website owners
can embed maps of various countries into their resources.

Yandex previously purchased map content from NAVTEQ. The
NAVTEQ-provided detailed map of Turkey at yandex.com.tr, featuring
location search and other Yandex services, has been extremely popular
with users following its debut last year.

"Our users have already appreciated high-quality detailed maps of
Russia and Ukraine with the search function and other useful features
such as routing, traffic information, satellite images and panoramic
views. We continue to enhance our map services for Belarus and
Kazakhstan. NAVTEQ's content will help us make Yandex.Maps a
comprehensive, all-purpose mapping service that can answer users'
questions about countries throughout the world," said Maria Orlova,
head of Yandex.Maps Production and Quality Control Service.

In addition to NAVTEQ, Yandex partners with other digital map content
providers to license location information for Russia, Ukraine, Belarus
and Kazakhstan. To enhance and continually update the map of Russia,
Yandex acquired map provider GIS Technologies in July 2010 and began
making city maps for numerous locations across the country. Currently,
Yandex offers maps for 270 cities in Russia, Ukraine, Kazakhstan and
Belarus.

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

About NAVTEQ

NAVTEQ is the leading global provider of location content in the form
of maps, traffic and places data that enables navigation,
location-based services and mobile advertising around the world. NAVTEQ
supplies precise, comprehensive location content to power automotive
navigation systems, portable and wireless devices, Internet-based
mapping applications and government and business solutions. The
Chicago-based company was founded in 1985 and has approximately 5,800
employees located in 200 offices in 54 countries.

For more information on NAVTEQ, please visit
http://corporate.navteq.com. This NAVTEQ press release and other news
is available at http://press.navteq.com. Join NAVTEQ on Facebook at
facebook.com/NAVTEQCompany and Twitter at @NAVTEQ.

NAVTEQ is a trademark in the U.S. and other countries. All rights
reserved.

Forward-Looking Statements

This press release contains forward-looking statements that involve
risks and uncertainties. These include statements regarding the
development and success of the Yandex.Maps application and service.
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,
user preferences regarding applications and services, 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
         
         US Investor Contact
         The Blueshirt Group, for Yandex
         Alex Wellins
         Phone: +1 415 217-58-61
         E-mail: alex@blueshirtgroup.com
         
         Media Relations
         Ochir Mandzhikov, Dina Litvinova
         Phone: +7 495 739-70-00
         E-mail: pr@yandex-team.ru