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12 July 2017

MegaFon and VEON to end their Euroset joint venture

12 July 2017. Moscow. Public Joint Stock Company MegaFon (LSE: MFON), a leading Russian provider of integrated digital services (MegaFon or the “Company”) and VEON Ltd., a leading global provider of telecommunications and digital services serving more than 235 million customers, have agreed to end their Euroset joint venture.

Euroset is Russia’s largest mobile and electronics retail network and is co-owned by both PJSC VimpelCom, the Russian subsidiary of VEON, and MegaFon.

Based on the agreement reached between the parties, MegaFon will acquire PJSC VimpelCom’s 50% interest in Euroset, resulting in MegaFon owning 100% of Euroset. Euroset will survive as an operating company. PJSC VimpelCom will acquire half of Euroset’s retail stores.

Sergey Soldatenkov, CEO at MegaFon, said: “We are grateful to VEON for our partnership in retail over the last five years. The transaction will allow MegaFon and VEON to pursue their independent retail strategies and optimise mobile distribution in Russia. MegaFon will be able to improve quality of service for our clients. Euroset will remain and continue to evolve as a mobile retailer.”

The agreement is subject to relevant regulatory approvals and other conditions precedent. The transaction will be completed only after such conditions precedent have been satisfied and regulatory approvals have been obtained.

For More Information:

PJSC MegaFon
Investors: Dmitry Kononov
Director for Investor Relations and M&A
Tel: +7 926 200—64—90 dkononov@megafon.ru
Media: Yulia Dorokhina
Head of Media Relations
Tel: +7 926 510-58-54 ydorokhina@megafon.ru

Notes to Editors

MegaFon PJSC is a leading Russian provider of integrated digital services, operating in all segments of the telecommunications markets in Russia, and in the Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized market leader in the provision of mobile data services, was the first operator in Russia to launch commercial operation of a third generation (3G) network and was the first operator in the world to launch commercial operation of an LTE-Advanced (4G) data network. In February 2017, MegaFon acquired a 15.2% equity interest (which represented 63.8% of the voting shares) in Mail.Ru, a leading company in the Russian-speaking internet market. MegaFon is traded on the Moscow Stock Exchange and the London Stock Exchange under the symbol MFON. Mail.Ru is traded on the London Stock Exchange under the symbol MAIL. Additional information about MegaFon and the products and services provided by the telecom segment can be found at http://www.megafon.ru and information related solely to Mail.Ru can be found at http://www.mail.ru.

Cautionary Statement Regarding Forward Looking Statements

Some of the information in this document may contain or refer to projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “forecast”, “intend”, “will”, “could”, “may”, or “might” the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions, and are based upon various assumptions which are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control. We may not achieve or accomplish these plans or predictions. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which the Company operates, as well as many other risks specifically related to the Company and its business and operations.

Statement Regarding Inside Information

Some of the information in this document may be inside information. The subject matter, the identity of the issuer, the identity of the persons making the notification and their titles, and the date and time of the notification are all as set forth above.

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9 June 2018

MegaFon Completes Incorporation of a Joint Venture to Pursue the Projects Under Digital Agenda of Russia

Moscow, Russian Federation (09 June 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces the completion of the transaction to create a joint venture with JSC Gazprombank (“Gazprombank”), a state corporation Rostec (“Rostec”) and USM Holdings. The new structure, JSC MF Technologies (MFT) will develop digital ervices and implement projects in the digital economy.
8 May 2018

MegaFon, Gazprombank, Rostec and USM Holdings Join Forces to Develop Digital Services in Russia

Moscow, Russian Federation (08 May 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces its intention to incorporate a joint venture with JSC Gazprombank, a state corporation Rostec and USM Holdings to develop digital services and implement projects in the digital economy. The partnership will allow to unite these leading businesses’ expertise in their sectors — telecommunications, IT, financial services and hi-tech sectors of industry — to enter new markets and create cross-sector industrial solutions.
28 April 2018

Merger of Svyaznoy and Euroset Creates World’s Largest Retail Chain in the Technology Sector

Moscow, Russian Federation (28 April 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital opportunities, which owns 100% of shares of Euroset Group and SLV Group, the controlling shareholder of Svyaznoy Group, today announced their agreement to merge Svyaznoy and Euroset retail chains. SLV will become the controlling shareholder of the merged company, with PJSC MegaFon obtaining a minority share.