Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications operator in Russia and the CIS, announces that it has received the notification of the sale of an economic interest in 100,000 MTS American Depositary Shares (“ADSs”) by virtue of the CFD (contracts for difference) transaction from Mr. Andrei Dubovskov, President and CEO of MTS.

The transaction was made on March  29,  2017 at price USD 1,137,372.42.

As a matter of record, persons deemed insiders by the Company are restricted to transactions involving the Company’s securities during pre-determined ‘open periods’ as defined by internal company policies. Following the publication of Q4 and FY 2016 financial and operating results on March  21, 2017, Mr. Dubovskov and other insiders were informed of the duration of the next open period, which began on March  24 and closed on March  31,  2017.

Mr. Dubovskov now directly owns 350,718 MTS shares, his voting rights is 0.01755% in the Company.

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For further information, please contact in Moscow:

Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru