MOSCOW, Russia — MTS (NYSE: MBT, MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, announces the raising of a six-year RUB 30 bn loan from VTB Bank to be used to refinance outstanding debt.

The loan is being extended under a RUB 80 bn revolving credit line that was opened in May 2018. MTS intends to use the obtained funds to fully repay an outstanding loan that matures in 2020.

“One of MTS’s top financial priorities is steadily optimizing our debt portfolio. In an improving macroeconomic environment, we are working proactively to decrease average cost of debt, increase overall tenor, and diversify our sources of financing,” said MTS Vice President for Finance Andrey Kamensky. “This loan is a further step in strengthening our mutually beneficial relationship with VTB, enabling us to refinance existing debt on more favorable terms.”

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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