MOSCOW, Russia — MTS (NYSE: MBT, MOEX: MTSS), Russia’s leading telecommunications operator and digital services provider, announces the signing of credit agreements with Sberbank of Russia for a total sum of 120 billion rubles. The agreements provide for the restructuring of an existing 70-billion-ruble credit facility, as well as the opening of a new 50-billion-ruble credit line.

“We continue to take consistent steps to optimize our debt portfolio. The new agreements reaffirm that commitment and further strengthen the mutually beneficial relationship between MTS and Sberbank,” commented Andrey Kamensky, MTS Vice President for Finance.

The first agreement provides for a reduction in interest rate and increase in maturity for an existing 70-billion-ruble facility. In September 2014, MTS raised a 50-billion-ruble credit line for refinancing purposes, as well as to ensure sufficient reserves for the company’s network investment strategy. In addition, the Company raised a second credit line in January 2015 aimed at optimizing its debt portfolio by buying back Eurobonds during 2015-2016. These credit lines, totaling 70 billion rubles, were together refinanced in 2018.

The second agreement secures a 50-billion-ruble credit line that provides MTS an opportunity and additional flexibility in further refinancing its debt portfolio in the future.

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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