Moscow, Russian Federation – Mobile TeleSystems PJSC (“MTS” or "the Company" – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia, the Central and Eastern Europe, announces that in accordance with the decision of the Extraordinary General Meeting of the Shareholders (the “EGM”) held on August 25, 2015, MTS plans to submit to the tax authorities the documents for the reorganization of MTS PJSC through the takeover of its subsidiaries COMSTAR-Regions CJSC, Penza-GSM JSC, SMARTS-Ivanovo JSC and SMARTS-UFA JSC on December 01, 2015.

Unlike in 2014, when the reorganization process resulted in the suspension of trading in MTS’s ordinary shares, the current reorganization will have no impact on trading in MTS’s securities either at the Moscow Exchange or American Depositary Receipts (ADRs) listed on the New York Stock Exchange.

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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