Moscow, Russian Federation – Mobile TeleSystems PJSC (“MTS” or "the Company" – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that it has signed a binding agreement with MTS Bank PJSC (“MTS Bank”) to acquire 2,637,310 ordinary shares of the Bank's additional shares issuance for RUB 2.8 billion.

MTS is participating in the additional share issuance of MTS bank in proportion to its current direct ownership stake. Upon completion of the transaction, MTS’s ownership stake in the bank will remain 26.4%.

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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