MOSCOW, Russia — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading telecommunications operator and digital services provider, announces the decisions reached at the meeting of the Board of Directors (“BoD” or “the Board”) held on December 19, 2019.

At the meeting, the Board of Directors decided to call for an Extraordinary General Meeting of shareholders (the “EGM”) on February 14, 2020. The record date for shareholders entitled to participate in the EGM has been set for January 10, 2020.

The matters to be considered and resolved by the EGM include:

·                                 The reorganization of MTS PJSC through the consolidation of certain subsidiaries;

·                                 Amendments to the Charter of MTS PJSC in relation to the reorganization.

Concerning the EGM, the Board also decided that owners of MTS ordinary shares voting against these issues or those who abstain from voting will be eligible to submit their shares for repurchase at the price of RUB 277.07 per ordinary share, based on the weighted average trading price over the six months prior to December 19.

In addition, at the meeting the Board also decided to approve JSC Reestr as the Company’s registrar for record keeping of share ownership, as well as the contractual terms for maintaining the register of MTS shareholders.

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For further information, please contact in Moscow:

Investor Relations Department 
Mobile TeleSystems PJSC 
Tel: +7 495 223 2025 
E-mail: ir@mts.ru