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5 April 2018

MegaFon and Mail.RU Group invest into on-line taxi market

Moscow, Russian Federation (05 April 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian provider of digital opportunities (“MegaFon” or the “Company”), announces its intention to enter the Moscow online taxi market. MegaLabs, the Company’s wholly owned subsidiary and the developer of MegaFon’s value added and digital services, is acquiring a minority stake in “CITY-MOBIL” LLC, a Moscow-based ride-hailing company (“City-Mobil”) and participating in the investment round.

City-Mobil, a taxi aggregator, is closing an investment round in the total amount of US$ 35 million. Along with other investors, including Mail.Ru Group Limited, MegaFon will participate in this round through the purchase of shares from existing shareholders, as well as acquisition of new shares. MegaFon’s total investment in this project will amount to approximately US$ 14 million with the resulting ownership of up to 31%. MegaFon will not consolidate this stake.

CityMobil started as an off-line conventional Moscow taxi operator. Recently the company re-shaped its business model and moved online with over 65% of rides now being booked through a proprietary app.

Gevork Vermishyan, the Executive Director of MegaFon, commented: “We believe that this investment is a promising opportunity both financially and strategically. The ride-hailing market is developing very rapidly, and is ripe for a new wave of disruption by fast moving players with interesting ideas in technology and marketing. As a further step in the implementation of the Company’s digital strategy, we aim to expand the ecosystem of our digital services and products, and to create opportunities for our subscribers to explore new customer experiences. We believe that our subscribers will enjoy the convenience of using convenience of using this popular service, and that this new addition to our product offering will improve loyalty and increase the LTV of our subscribers. And at the same time this investment may provide additional ways to monetise our data traffic”.

Aram Arakelyan, founder and CEO of City-Mobil: “We are excited with the entry of such investors and very motivated by this trust. Vast expertise in online marketing, client service, operations and many other areas that our new investors may bring will give us a lot of support in our quest for building a new big national player”.

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12 December 2018

MegaFon Finance LLC cancelled the global depositary receipts held by it and submitted a mandatory tender offer to acquire PJSC MegaFon shares to the Central Bank of Russia for review

Moscow, Russian Federation (12 December 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that MegaFon Finance LLC (“MegaFon Finance”), a wholly-owned subsidiary of MegaFon, cancelled the global depositary receipts representing ordinary shares of the Company (“GDRs”) that were held by it and submitted a mandatory tender offer to acquire the Company’s shares to the Central Bank of Russia for review.
15 November 2018

Resolutions taken by the Board of Directors

Moscow, Russian Federation (15 November 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that MegaFon’s Board of Directors during its meeting held on 14 November 2018 adopted the following resolutions:
14 November 2018

MegaFon announces election of Gevork Vermishyan as CEO

Moscow, Russian Federation (14 November 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that at a General Shareholders Meeting held on 13 November 2018, the shareholders of MegaFon approved the recommendation of the Board of Directors that Gevork Vermishyan be appointed as the Company’s Chief Executive Officer. The appointment is for a three-year term.