Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecom operator in Russia and CIS, announces the decisions reached at the Company’s Board of Directors (“BoD” or “the Board”) meeting held on August 01, 2013.

At the meeting, MTS’ Board of Directors set the date for the Company’s extraordinary general meeting of shareholders (“the EGM”) for September 30, 2013. The Board also recommended that the EGM approve semi-annual dividends of RUB 5.22 per ordinary MTS share (RUB 10.44 per ADR) amounting to the total of RUB 10.8 billion on the basis of the Company’s H1 2013 financial and operating results.

The record date for the Company’s share- and ADR-holders entitled to participate in the EGM and to receive semi-annual dividends has been set for August 14, 2013. The dividend will be paid out in the period of two months following the approval of the EGM in accordance with the Russian law.

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For further information, please contact in Moscow:

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

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/