Moscow, Russian Federation – Mobile TeleSystems PJSC (“MTS” or the “Company” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces the termination of its current rating relationship with Moody’s Investors Service Ltd.

MTS has concluded that engagement with two international ratings agencies is sufficient to meet our long-term business and financial goals.

MTS is currently rated BB+ with a stable outlook by both Fitch and Standard & Poor’s. Any future ratings provided by Moody’s of MTS or its outstanding bond issues should be considered unsolicited. Such ratings will be based solely on publicly available information.

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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