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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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11 October 2018

MegaFon announces that Sergey Soldatenkov will be stepping down as CEO of MegaFon, to be replaced by Gevork Vermishyan

Moscow, Russian Federation (11 October 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities(“MegaFon” or the “Company”), announces that its General Director and CEO, Sergey Soldatenkov has decided to leave the Company before the expiration of his contract in 2019, and that its Board of Directors has determined to recommend to the shareholders that Gevork Vermishian, currently its Executive Director, be appointed as General Director and CEO in his place. A General Shareholders Meeting is being convened on 13 November 2018 to approve this appointment, as required by the Company’s constituent documents.
8 October 2018

MegaFon is awarded the Fastest Mobile Provider in Russia

MegaFon was granted the Ookla Speedtest Awards as “the mobile provider offering the fastest data upload and transfer rates”. This is confirmed by more than 7 900 000 speed measurement tests taken by Russian users on their mobile devices via the Speedtest® app in Q1—Q2 2018.
4 October 2018

Delisting of MegaFon GDRs from the London Stock Exchange

Moscow, Russian Federation (04 October 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital solutions, (“MegaFon” or the “Company”), announces that following the application to the United Kingdom Listing Authority and the London Stock Exchange (“LSE”), as earlier reported at: https://corp.megafon.com/investors/news/capital_market_releases/20180906-1909.html, the listing and admission to trading of its Regulation S and Rule 144A Global Depositary Receipts (“GDRs”) (CUSIP: 58517T209 and 58517T100, respectively, ISIN: US58517T2096 and US58517T1007, respectively, SEDOL: B8PQQ77 and B832YZ1, respectively), each representing one ordinary share of the Company (each, a “Share”), on the LSE has been cancelled with effect from start of trading on October 5, 2018.