Mobile TeleSystems : National Credit Ratings Reaffirms AAA.ru MTS Credit Rating with stable outlook - Form 6-K

National Credit Ratings Reaffirms AAA.ru MTS Credit Rating with stable outlook

January 24, 2023

MOSCOW, Russia - Mobile TeleSystems Public Joint Stock Company ("MTS" or "the Company") (MOEX: MTSS), a leading provider of digital and media services and Russia's largest mobile operator, announces that Russia's National Credit Ratings Agency has reaffirmed MTS's credit rating of AAA.ru, the agency's highest, with a stable outlook.

In its report, National Credit Ratings highlighted several key factors that influenced their decision, including:

•	Strong market positions, stable client base, as well as moderate growth potential of target markets;

•	MTS moderate leverage, significant operating margin, and healthy liquidity levels;

•	Transparent ownership structure and high quality of MTS management and strategic planning which further support long-term positive credit history.

The full report is available on the National Credit Ratings website at:

https://ratings.ru/ratings/press-releases/MTS-RA-240123/

* * *

For further information, please contact in Moscow:

Investor Relations Department

Mobile TeleSystems Public Joint Stock Company

Tel: [phone]

E-mail: [e-mail]

* * *

Mobile TeleSystems Public Joint Stock Company ("MTS" - MOEX: MTSS) is Russia's largest mobile operator and a leading provider of network-native digital services. 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 88 million mobile subscribers using MTS services across the company's operations in Russia, Armenia, and Belarus, including around 80 million subscribers in Russia alone. In addition, MTS has a nationwide network of more than 5,400 owned and franchised retail outlets in Russia, and provides nearly 10 million clients with broadband, TV, and/or fixed-line telephone connectivity, over 10 million users - with OTT and pay TV services. The number of ecosystem clients exceeds 12 million and MTS Bank client base is over 3 million. MTS is majority-owned by Sistema PJSFC, a publicly-traded Russian investment company. 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.

* * *