Moscow, Russian Federation – Mobile TeleSystems PJSC (“MTS” or the “Company” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that “Bastion” LLC, a wholly owned subsidiary of MTS, has acquired 1,074,700 ordinary shares of MTS PJSC (0.052% of MTS PJSC registered capital) from MGTS CJSC, which is also a majority owned subsidiary of MTS.

The shares were acquired for the purpose of an option-based remuneration program based on ordinary shares for the management of MTS. The Board of Directors approved this decision on December 17, 2015.

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For further information, please contact in Moscow:

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