Moscow, Russian Federation – MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading Russian telecommunications operator and digital service provider, announces that it has filed its Memorial (statement of claim) in the dispute with the Sovereign State of Turkmenistan with the World Bank’s International Center for Settlement of Investments Disputes (“ICSID”).

As earlier announced, in July 2018 the Company filed a Request for Arbitration against the Sovereign State of Turkmenistan with ICSID in order to protect its legal rights and investments in Turkmenistan. The Tribunal for these proceedings was constituted on 18 December 2018. The Company’s total losses are currently estimated to be up to USD 1.5 billion. Unless resolved to the Company’s satisfaction, MTS intends to vigorously pursue its claims in arbitration and seek all available remedies.

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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