EXHIBIT 99.1

Nebius Group N.V. announces results of its Annual General meeting

AMSTERDAM, the Netherlands — August 16, 2024 — Nebius Group N.V. (formerly known as Yandex N.V.) (NASDAQ: YNDX, to be changed to NBIS) (the “Company”), the Dutch parent company of the Nebius Group, today announced that all resolutions proposed at the Annual General Meeting of Shareholders of the Company (the “AGM”), held on August 15, 2024, have been approved. The Company is also pleased to announce that the legal name of the Company is now Nebius Group N.V.

The total number of Class A shares eligible to vote at the AGM was 163,297,882, with a total of 163,297,882 voting rights; the total number of Class B shares eligible to vote at the AGM was 35,698,674, with a total of 356,986,740 voting rights. Each Class A share carries one vote; each Class B share carries ten votes. The Class A shares and Class B shares voted together as a single class on all matters at the AGM.

Results of the AGM

Below are the results of each proposal presented to the AGM:

Item 1: Extension of term to prepare 2023 Accounts

Item 2: Adoption of the 2023 Accounts

Item 3: Discharge of the Board for liabilities to the Company

Item 4: Appointment of Arkady Volozh as an Executive Director

Item 5: Appointment of Ophir Nave as an Executive Director

Item 6: Appointment of Elena Bunina as a Non-Executive Director

Item 7: Appointment of Esther Dyson as a Non-Executive Director

Item 8: Appointment of Kira Radinsky as a Non-Executive Director

Item 9: Amendment of the terms of the continuing Directors

Item 10: Approval of remuneration of the continuing Directors

Item 11: Amendment of Articles regarding change of Company name

Item 12: Amendment of the Equity Incentive Plan

Item 13: Appointment of Auditors

Item 14: Authorization of the Board of Directors to repurchase Class A shares

Item 15: Designation of the Board of Directors as the competent body to issue from time to time Class A Shares up to an additional 20% of the issued share capital (excluding Class C Shares) of the Company for a period of five years from the AGM Date:

Item 16: Designation of the Board of Directors as the competent body to exclude pre-emptive rights of the existing shareholders in respect of the issue of Class A Shares for a period of five years from the AGM Date:

Item 17: Authorization of the Board of Directors to cancel certain Class A Shares, the number of which to be determined by the Board of Directors:

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For further information, please visit http://nebius.group or contact:

Nebius Group N.V.

Investor Relations
askIR@nebius.com

Media Relations
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