Moscow, Russian Federation – PJSC MTS (NYSE: MBT, MOEX: MTSS), the leading Russian telecommunications operator and digital service provider, announces the decisions reached at the Company’s Annual General Meeting of Shareholders (the “AGM”) held on June 28, 2018.

At the meeting, the following resolutions were adopted:

·                                 To approve final annual dividends of RUB 23.4 per ordinary MTS share (RUB 46.8 per ADR), or in total RUB 46,762,117,225 based on the full-year 2017 financial results. The record date for the Company's shareholders and ADR-holders entitled to receive dividends for the full year 2017 has been set for July 9, 2018. The dividend payment will be completed before August 13, 2018;

·                                 To approve the Company’s Annual Report and Annual Financial Statements, including the Company’s Profit & Loss Statement, as well as the distribution of profits and losses of MTS PJSC based on FY2017 results (including payment of dividends);

·                                 To elect the following persons to the MTS Board of Directors:

·                                                         Mr. Alexey Katkov, Managing Partner at Sistema PJSFC;

·                                                         Mr. Alexey Kornya, President and Chief Executive Officer of MTS;

·                                                         Mr. Artem Zassoursky, Vice President, Head of Strategy, Member of the Board of Directors at Sistema PJSFC;

·                                                         Ms. Regina von Flemming, Independent Director;

·                                                         Mr. Ron Sommer, Chairman of the Board of Directors of MTS;

·                                                         Mr. Stanley Miller, Independent Director;

·                                                         Mr. Thomas Holtrop, Independent Director;

·                                                         Mr. Vsevolod Rozanov, Senior Vice President, Chief Financial Officer, Member of the Management Board at Sistema PJSFC;

·                                                         Mr. Wolfgang Schussel, Independent Director.

·                                 To elect members of the Company’s Revision Commission;

·                                 To approve Deloitte and Touche CIS CJSC as MTS’ auditor;

·                                 To approve the Company’s Charter as amended and restated;

·                                 To approve MTS Regulation on the Board of Directors as amended and restated;

·                                 To approve MTS Regulations on remunerations and compensations payable to the members of the Board of Directors as amended and restated;

·                                 To approve the reorganization of the Company through the consolidation of subsidiaries with MTS PJSC; and

·                                 To approve the reduction of the Company’s share capital as a result of the consolidation of subsidiaries with MTS PJSC.

At a subsequent meeting of the Board of Directors, the Board took the following decisions:

·                                 To reappoint Mr. Ron Sommer as Chairman of the Board of Directors;

·                                 To elect Mr. Vsevolod Rozanov as Deputy Chairman of the Board;

·                                 To appoint  Mr. Maxim Kalinin as Secretary of the Board of Directors;

·                                 To confirm the status of Mr. Thomas Holtrop and Mr. Stanley Miller as independent directors;

·                                 To form the membership of the following committees under the Board of Directors: Remuneration and Nominations Committee, Audit Committee, Budget Committee, Strategy Committee, Corporate Governance Committee and Special Committee of independent directors; and

·                                 To approve a repurchase program of MTS shares of Common Stock (including shares of Common Stock represented by ADSs) in the amount of RUB 30 bln over two years.

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