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Mobile TeleSystems

March 30, 2011

Fourth quarter and full year 2010 financial results announcement and conference call

30 March 2011

The management of Mobile TeleSystems (MTS) will be holding a conference call to discuss the Companyís Fourth Quarter and Full Year 2010 Financial and Operating Results on Tuesday, April 5, 2011.

Please note that the conference call will start at:

18:00 hrs (Moscow time)
15:00 hrs (London time)
10:00 hrs (US Eastern time)

To take part in the conference call, please dial one of the following telephone numbers and quote either the Companyís name, MTS, or the conference ID, 4427579:

From the US:

†† + 1 480 629 9656

From the UK:

†† + 44 207 190 1292

International:

†† + 44 207 190 1292

The conference call will also be available at: http://www.mtsgsm.com/news/reports/ via audio webcast.

The earnings release will be posted approximately three hours prior to the conference call and the managementís slide presentation will be posted approximately one hour prior to the conference call at: http://www.mtsgsm.com/news/reports/.

A replay of the conference call will be available on the following telephone numbers from April 5 (from approximately 23:00 hrs Moscow time/20:00 hrs London time/15:00 hrs US Eastern time) to April 12, 2011:

From the US:

††+ 1 303 590 3030

††PIN 4427579 #

From the UK:

††+ 44 207 154 2833

††PIN 4427579 #

International:

††+ 44 207 154 2833

††PIN 4427579 #

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