MOSCOW, Russian Federation — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading telecommunications operator and digital services provider, announces the decisions made at the meeting of the Board of Directors (“BoD” or “the Board”) held on October 25, 2019.

At the meeting, the Board approved an updated Group strategy for the period 2020-2022, as well as confirmed the continued suitability of MTS’s current listing structure on the New York Stock Exchange (NYSE) and the Moscow Exchange (MOEX).

Alexey Kornya, MTS President & CEO and Member of the Board, commented: “Today we have approved MTS Group’s new three-year development strategy, which envisions accelerating the establishment of a large-scale ecosystem of digital products for our customers by leveraging our telecommunications leadership and expertise. We intend to concentrate our efforts on improving people’s lives, as well as balanced business development, growing our capitalization, and increasing returns for investors. We plan to publicly present the new growth strategy at our Investor Day on November 25.”

“The Board also confirmed the continued suitability of the Company’s existing listing structure. This decision reflects the wishes of our investors who engaged in consultations with MTS management over the past half year. The current listing structure also complements our new digital strategy—which envisions developing a variety of innovative services for a range of industries—and provides significant opportunities to attract international and specialist investors focused on the technology sector,” he said, adding that “MTS remains committed to best-in-class standards of governance, disclosure, and transparency.”

In addition, the Board of Directors approved the following composition of the MTS Management Board:

·                                 Alexey Kornya, President & CEO;

·                                 Inessa Galaktionova, First Vice President for Telecommunications;

·                                 Vyacheslav Nikolaev, First Vice President for Customer Experience & Marketing;

·                                 Ilya Filatov, Vice President for Financial Services;

·                                 Alexander Gorbunov, Vice President for Strategy & Development;

·                                 Ruslan Ibragimov, Vice President for Government Relations & PR;

·                                 Andrey Kamensky, Vice President for Finance;

·                                 Dmitry Khomchenko, Vice President for Information Technology;

·                                 Igor Mishin, Vice President for Media; and

·                                 Valery Shorzhin, Vice President for Cloud & Digital Solutions.

MTS will be hosting an Investor Day for investors and analysts in Moscow on the afternoon of November 25, 2019. The presentation materials and a link to a live video webcast will be made available on the MTS Investor Relations website on the day of the event, and a replay will be posted following its conclusion.

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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