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History and Development of the Company; Organizational Structure.
Our founders began the development of our search technology in 1989 and launched
the yandex.ru website in 1997. Our principal Russian operating subsidiary,
Yandex LLC, was formed in 2000, as a wholly owned subsidiary of our former
Cypriot parent company. In 2007, we undertook a corporate restructuring, as a
result of which Yandex N.V. became the parent company of our group. Yandex N.V.
is a Dutch public company with limited liability. Its registered office is at
Schiphol Boulevard 165, 1118 BG, Schiphol, The Netherlands (tel: +31 (0) 20 206
6970). The executive offices of our principal operating subsidiary are located
at 16, Leo Tolstoy Street, Moscow 119021, Russian Federation (tel: +7 495 739
7000).
Our company became profitable in 2003 and its revenues grew continually up to
and throughout the 2022 financial year.
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