Moscow, Russian Federation– MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading Russian telecommunications operator and digital service provider, announces the decisions reached at the meeting of the Board of Directors (“the Board”) held on April 10, 2019.

At the meeting, the Board set the date of the Company’s Annual General Meeting of Shareholders (“the AGM”) for June 27, 2019. The record date for the Company’s shareholders and ADR-holders entitled to participate in the AGM has been set for May 24, 2019.

At the meeting, the Board took the following decisions:

·                                 The Board recommended that the AGM approve annual dividends of RUB 19.98 per ordinary MTS share (RUB 39.96 per ADR), or a total of RUB 39.9 billion (RUB 39,927,310,941.78), based on the full-year 2018 financial results.

·                                 The Board recommended that the AGM set the record date for shareholders and ADR-holders entitled to receive dividends for the 2018 fiscal year for July 9, 2019.

The Board also approved the Management Board in the following composition:

·                                 Alexey Kornya, President and Chief Executive Officer - Chairman of the Management Board,

·                                 Andrey Kamensky, Vice President, Finance, Investments and M&A,

·                                 Alexander Gorbunov, Vice President, Strategy and Development,

·                                 Andrei Ushatsky, Vice President, Technology and IT,

·                                 Inessa Galaktionova, Vice President, Sales and Customer Service,

·                                 Igor Yegorov, Director, Moscow Region,

·                                 Kirill Dmitriev, Vice President, Digital Solutions for Home,

·                                 Marya Golyandrina, Vice President, Human Resources,

·                                 Ruslan Ibragimov, Vice President, Corporate and Legal Affairs,

·                                 Vyacheslav Nikolaev, Vice President, Marketing, and

·                                 Valery Shorzhin, Vice President, Digital Business Solutions.

The Board approved the Special Committee on compliance matters in the following composition:

·                                 Thomas Holtrop, Independent Director - Chairman of the Special Committee,

·                                 Artem Zassoursky, Vice President, Head of Strategy, Member of the Executive Management, Sistema PJSFC,

·                                 Regina von Flemming, Independent Director,

·                                 Vsevolod Rozanov, Managing Partner, Member of the Executive Management, Sistema PJSFC,

·                                 Dr. Wolfgang Schussel, Independent Director,

·                                 Julia Romashkina, Director, Compliance Department.

In addition, matters submitted to the AGM agenda by the Company’s Board include:

·                                 Procedure for conducting the AGM;

·                                 Approval of MTS PJSC Annual Report; MTS PJSC Annual Financial Statements, including MTS PJSC Profit & Loss Statement; distribution of profits and losses of MTS PJSC based on 2018 FY results (including payment of dividends);

·                                 Election of members of Board of Directors;

·                                 Election of members of Auditing Commission;

·                                 Approval of the auditor;

·                                 Approval of the Regulations on the General Meeting of Shareholders as amended and restated;

·                                 Cancellation of earlier adopted resolutions by the AGM;

·                                 Approval of the reorganization of MTS PJSC through the consolidation of subsidiaries within MTS PJSC; and

·                                 Approval of amendment to MTS Charter following the reorganization.

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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