Mobil'nye Telesystemy PAO : MTS Announces Decisions of its Board of Directors

31 July 2015

Moscow, Russian Federation - Mobile TeleSystems OJSC ("MTS" or "the Company" - NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the decisions reached at the meeting of its Board of Directors ("BoD" or "the Board") held on July 31, 2015.

The Board decided to call an Extraordinary General Meeting of shareholders ("the EGM") to be held on September 30, 2015. The Board recommended that the EGM approves semi-annual dividends of RUB 5.61 per ordinary MTS share (RUB 11.22 per ADR), or a total of RUB 11.592 billion (RUB 11,592,580,082.82), based on H1 2015 financial results. The record date for the Company's shareholders and ADR-holders entitled to participate in the EGM has been set for August 14, 2015. The Board recommended that the EGM set the record date for shareholders and ADR-holders entitled to receive dividends for H1 2015 as October 14, 2015.

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For further information, please contact in Moscow:

Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems OJSC
Tel: [phone]
E-mail: [e-mail]

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/