MOSCOW, Russian Federation — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading telecommunications operator and digital services provider, announces the issuance of RUB 15 billion in exchange-traded series 001P-12 bonds with a maturity of 4 years and a coupon rate of 6.85%. The technical placement of the bonds will be held on October 31, 2019 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, October 23, 2019, was oversubscribed, allowing the coupon rate to be reduced from an initial range of 7.00-7.10% to a final rate of 6.85%.

Lead arrangers of the bonds are Credit Bank of Moscow (CBM), Promsvyazbank, Raiffeisen Bank, Sberbank CIB, and Sovcombank.

MTS intends to use the funds to further optimize its debt portfolio and for general corporate purposes.

* * *

For further information, please contact in Moscow:

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