Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” or “the Company” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the completion of its dividend payments for the fiscal year 2014.

The final dividend for the fiscal year 2014 amounted to total of RUB 40.419 billion or RUB 19.56 per ordinary MTS share (RUB 39.12 per ADR). In November 2014, MTS completed payment of the dividends for the first half of 2014 in the amount of RUB 6.20 per ordinary MTS share (RUB 12.40 per ADR), or a total of RUB 12.812 bln.

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For further information, please contact in Moscow:

Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems OJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru