Moscow, Russian Federation – MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that the Board of Directors of MTS accepted the petition by Andrei Dubovskov asking for early termination of his responsibilities as President and Chairman of the Management Board, and appointed Alexey Kornya, Vice President for Finance, Investments, Mergers & Acquisitions, to the position of the President. Furthermore, today the Nomination, Remuneration and Corporate Governance Committee of the Board of Directors of Sistema PJSFC (LSE: SSA, MOEX: AFKS), the majority shareholder of MTS, recommended to the Board of Directors of Sistema to approve Andrei Dubovskov as the President of Sistema PJSFC on the meeting scheduled for March 2, 2018
(https://www.sistema.com/press/press-releases/detail/article/23191/).

Alexey Kornya takes the post of the President of MTS from March 13, 2018, for the period of three years.

Ron Sommer, Chairman of the Board of Directors, MTS, commented:

"Andrei Dubovskov has achieved excellent results as the president of MTS. Thanks to Andrei's business and corporate reform, a nuanced understanding of the market specifics, excellent professional intuition and a perfectly balanced team, MTS, from year to year and from quarter to quarter, strengthened its leadership on the Russian market, consistently increasing the revenue and OIBDA gap with its closest competitors. Over the recent years, MTS has transformed from a traditional telecommunications operator to a digital service provider. Today, MTS is not only the leader in the mobile communications market, but also a major player in the market for systems integration services, cyber security, cloud services, Big Data, broadband Internet access and satellite TV as well as financial and entertainment services. We thank Andrei for his immense contribution and wish him further success. We are confident that the new MTS president Alexey Kornya will continue to implement MTS's strategic initiatives towards the development of an efficient digital services ecosystem. There is no doubt that Alexey's extensive experience in the Company, his deep and comprehensive understanding of MTS’s business processes and industry specifics, will allow us to further strengthen MTS' position in all markets of presence and create additional opportunities for business growth in new segments."

Biography

Alexey Kornya joined the Company in 2004 as the Chief Financial Officer of MTS Ural macroregion. Between 2004 and 2007, he was Director of MTS Group for Business Planning. In March 2007, he was appointed Chief Financial Controller of MTS Group. In 2008, Alexey Kornya was appointed acting Vice President and in 2010 began his tenure as Vice President, Finance and Investment, at MTS PJSC. Since June 2016, he has been Vice President for Finance, Investments, Mergers & Acquisitions.

Alexey is a member of the Budget Committee of the MTS PJSC Board of Directors and the Supervisory Board of MTS Ukraine PrJSC, member of the Board of Directors of Mobile TeleSystems JLLC (MTS Belarus) and RTC JSC. He is also a member of the Board of Directors and the Strategy and Risk Management Committee of the Board of Directors of MTS Bank PJSC.

Prior to joining MTS, Alexey worked for North-West Telecom and PricewaterhouseCoopers Audit. Alexey was born in 1975. In 1998, he graduated with honors from the Saint-Petersburg State University of Economics and Finance.

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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