Moscow, Russian Federation — 03 December, 2001 — Mobile TeleSystems OJSC (“MTS”) is considering accessing the international capital markets in early December through the issuance of senior unsecured USD bonds (the “Notes”) through a wholly-owned Luxembourg financing subsidiary, guaranteed by MTS.
Timing for the launch and the final terms of any transaction will depend upon market conditions.
These materials are not an offer for sale of the Notes in the United States. The Notes may not be sold in the United Sates absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Mobile TeleSystems OJSC does not intend to register any portion of the offering in the United States or to conduct a public offering of Notes in the United States.
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