Moscow, Russian Federation – MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces the repurchase of 1,399,626 series 08 ruble-denominated bond ("the bond") in the amount of RUB 1.4 bln. MTS set a new 7.5% coupon rate for the coupon payments to be made in November, 2018.

The RUB 15 billion series 08 ruble-denominated bond was issued in 2010. The coupon was to be paid at the rate of 8.15% in 5 years. On November 12, 2015 MTS set a new coupon rate at 10.75% with a one-year put option. On November 10, 2016 MTS changed the coupon rate to 9.25% coupon rate with a one-year put option.

Gazprombank, one of the Lead Arrangers of the bond, acted as the Repurchase Agent.

The bond is included in the 1st level quotation list on the Moscow 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