Mobil'nye Telesistemy : MTS Announces the Appointment of New Director of Investor Relations

Moscow, Russian Federation - MTS PJSC ('MTS' - NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, is pleased to announce the appointment of Polina Ugryumova as Director, Investor Relations. In this role, Polina will represent MTS within the global investor community by serving as the Company's chief investor relations officer.

Alexey Kornya, President and CEO of MTS, commented:

'Polina brings a depth of expertise in the telecommunications industry, as well as many years of experience in the financial sector. Polina is well known to many of our investors from her previous role as a sell-side analyst, an experience which gives her unique perspective on the changes taking place within the investor community and the challenges we face in sustaining our dialogue with key financial stakeholders. We are counting on Polina to enhance our equity story to communicate our digital strategy and engage new investors.'

Biography
Polina Ugryumova has joined MTS from Morgan Stanley, where she was a part of the EEMEA TMT equity research team, focusing on Russia, Turkey, CEE and the CIS as well as wider EEMEA Telecom & Media sector since 2008. During her tenure, the EEMEA TMT team at Morgan Stanley has received wide recognition in the equity research community, being ranked top three by both Institutional Investor and Extel surveys over the past three years. Prior to joining Morgan Stanley, Polina held a number of positions in equity research, starting in 2000.

Polina is a CFA Institute Charterholder since 2007. She graduated with honors from Saint Petersburg State University of Economics and Finance in 2001.

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For further information, please contact in Moscow:

Investor Relations Department
Mobile TeleSystems PJSC
Tel: [phone]
E-mail: [e-mail]

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.ir.mts.ru/ir-blog

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Mobile TeleSystems PJSC ('MTS' - NYSE:MBT; MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. We serve over 100 million mobile subscribers in Russia, Ukraine, Armenia, and Belarus, and about 9 million customers of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.ir.mts.ru.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,' 'could,' 'may' or 'might,' and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned 'Risk Factors' that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.