Moscow, Russian Federation — Mobile TeleSystems PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that the credit rating agencies Fitch ratings and Standard & Poor’s changed their outlook on MTS.

On July 18, 2017, Standard & Poor’s revised MTS outlook to developing; 'BB+' rating affirmed.

Previously, on June 28, 2017, Fitch Raiting placed MTS on Rating Watch Negative; 'BB+' rating affirmed.

The changes in MTS outlook was the result of the downgrade in the credit ratings of Sistema PJSFC, the Company’s major shareholder.

Please refer to www.fitchratings.com and www.standardandpoors.com for additional information.

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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