MOSCOW, Russia — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, announces the results of the meeting of the Company’s Board of Directors (“BoD” or “the Board”) held on April 6, 2020.

At the meeting, the Board approved the report concerning shares submitted for repurchase in connection with the Extraordinary General Meeting of shareholders (the “EGM”) earlier held on February 14, 2020.

Owners of MTS ordinary shares voting at the EGM against issues related to the consolidation of certain subsidiaries or those who abstained from voting were eligible to submit their shares for repurchase at a designated price of RUB 277.07 per ordinary share, based on the weighted average trading price over the six months prior to December 19.

In total, 387,683 ordinary shares were submitted that met the eligibility criteria, equivalent to RUB 107,415,328.81.

* * *

For further information, please contact in Moscow:

Investor Relations Department
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru