Mobile TeleSystems : MTS announces Board of Directors’ dividend recommendations for 2023

MOSCOW, Russia - Mobile TeleSystems Public Joint Stock Company ("MTS" or "the Company") (MOEX: MTSS), a digital ecosystem, announces the decisions of its Board of Directors made at the Board meeting held on April 23, 2024. The Board recommended that the Annual General Meeting of Shareholders, to be held on June 26, 2024, approve the payment of dividends for the full year 2023 in the amount of RUB 35.0 per MTS ordinary share, with a nominal value of RUB 0.1 each. If this decision is adopted by shareholders, MTS may pay out up to RUB 68.6 billion based on its 2023 results.

The Annual General Meeting of Shareholders will be held in the form of absentee voting. The list of shareholders entitled to participate in the Annual Meeting will be drawn up as of June 03.
MTS's Board of Directors approved a new dividend policy for 2024-2026 that will set a target dividend yield of at least RUB 35.0 per ordinary share of PJSC MTS stock during each calendar year.

The new dividend policy will call for the payment of dividends once a year with the possibility of changing the frequency of dividend payments during a calendar year upon the recommendation of the Board of Directors. When determining its dividend payments, MTS will take into account a number of factors, including its cash flow from operating activities, capital expenditures and debt position.

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For further information, please contact in Moscow:
Investor Relations Department
Mobile TeleSystems Public Joint Stock Company
Tel: [phone]
E-mail: [e-mail]

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Mobile TeleSystems Public Joint Stock Company ("MTS" - MOEX: MTSS) is Russia's ecosystem providing network-native digital services and largest mobile operator. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity; over-the-top, linear, and satellite television; digital-first banking and financial services; as well as unified communications, cloud computing and IoT. There are more than 86 million mobile subscribers using MTS services across the company's operations in Russia and Belarus, including more than 81 million subscribers in Russia alone. In addition, MTS has a nationwide network of more than 4,400 owned and franchised retail outlets in Russia, and provides nearly 10 million clients with broadband, TV, and/or fixed-line telephone connectivity, over 13 million users - with OTT and pay TV services. The number of ecosystem clients exceeds 15 million. MTS's shares are listed on the Moscow Exchange under the ticker MTSS. For more information, please visit the company's Investor Relations website at ir.mts.ru.
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