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30 October 2018

MegaFon attracts international funding for the capital expenditure programme

Moscow, Russian Federation (29 October 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that it has signed a Facility Agreement in the amount of EUR 150 million with ING Group covered by the guarantee of Finnvera, the Finnish export credit agency.

The new facility will be used to finance the purchase of fixed and wireless telecommunication equipment, software and related services from Nokia Solutions and Networks Oy (NSN), one of the world’s leading providers of advanced mobile networks, and from its Russian subsidiary Nokia Solutions and Networks LLC. The amount drawn shall be amortized over a term of 8,5 years.

“The new Facility Agreement — it’s the 10th jubilee deal covered by the guarantee of Finnvera. Its signing confirms the continued trust of international financial institutions in the credit quality of MegaFon and serves as another important stage in our long-standing and successful relationship with NSN, Finnvera and ING. The attractive terms of this financing will allow us to invest in the development of the network with even greater confidence and to continue to improve the quality of services for our subscribers,” said Gevork Vermishyan, Executive Director of MegaFon.

For More Information:

PJSC MegaFon
Investors: Dmitry Kononov
Director for Investor Relations and M&A
Tel: +7 926 200 6490 dkononov@megafon.ru

Notes to Editors

MegaFon PJSC is a pan-Russian operator of digital opportunities, 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. MegaFon is traded on the Moscow Exchange under the symbol MFON. Additional information about MegaFon and the products and services provided by MegaFon can be found at: http://www.megafon.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.

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Other news

6 November 2018

Statement of convocation of EGM

Moscow, Russian Federation (6 November 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that on 2 November 2018 the Board of Directors of MegaFon provided consent to interrelated major transactions — financing by the Company of its wholly-owned subsidiary MegaFon Finance LLC (the “Financing”) and provision of a suretyship with respect to a bank guarantee that may be obtained by MegaFon Finance LLC, and resolved to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 6 December 2018 in the form of absentee voting to consent to the above interrelated major interested party transactions.
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.