Moscow, Russian Federation – Mobile TeleSystems PJSC (“MTS” or the “Company” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces the decisions reached at the Company’s Extraordinary General Meeting of Shareholders (the “EGM”) held on February 29, 2016.

At the meeting, the following resolutions were adopted:

• To approve the reorganization of MTS PJSC through the takeover of its subsidiary Sistema Inventure JS;
• To approve the accession agreement of Sistema Inventure JS to MTS PJSC;
• To approve amendments to the Charter of MTS PJSC due to the reorganization.

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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