MOSCOW, Russia — MTS (NYSE: MBT, MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, announces the issuance of RUB 5 bn in exchange-traded series 001P-15 bonds with a maturity of 6.5 years and a coupon rate of 6.60%. The technical placement of the bonds is planned for May 14 on the Moscow Exchange (MOEX).

The nominal price of the bonds is set at RUB 1,000, the coupon period at 91 days, and the price of placement at 100% of nominal value. The book building held today was oversubscribed, leading to a decrease in the coupon rate from an initial target of 6.75-6.90% to a final rate of 6.60%.

MTS Bank and REGION Broker Company are lead arranges of the bonds, which are planned to be included on MOEX’s Level 1 Quotation List.

MTS intends to use the funds to further optimize its debt portfolio.

* * *

For further information, please contact in Moscow:

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