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27 December 2018

Mandatory Tender Offer for the purchase of ordinary shares of Public Joint Stock Company “MegaFon” made by Limited Liability Company “MegaFon Finance”

Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that on 27 December 2018, the Company received a mandatory tender offer made by “MegaFon Finance” LLC (“MegaFon Finance”), following preliminary notice to the Bank of Russia, to purchase securities (ordinary registered uncertified shares) of MegaFon in the amount of 131,212,843 shares.

The purchase price of the shares is RUB 659.26 per one ordinary share and shall be paid in cash.

The period for acceptance of the mandatory tender offer is 70 days from the date the mandatory tender offer was received by the Company (i.e. from 28 December 2018 until 7 March 2019, inclusive).

The text of the mandatory tender offer was published by MegaFon Finance on the following website: http://www.e-disclosure.ru/portal/company.aspx?id=2927.

Information for the shareholders in respect of the procedure for acceptance of the mandatory tender offer, the text of the mandatory tender offer and other required information will be published on the Company’s website https://corp.megafon.com/investors/stock_and_capital/mandatory_tender_offer/ in the manner and within the time periods set forth by Federal Law No. 208-FZ on Joint Stock Companies dated 26 December 1995 (as amended) (the “JSC Law”).

In accordance with the provisions of the JSC Law the mandatory tender offer is made to the shareholders — holders of ordinary shares of the Company. The holders of Global Depositary Receipts representing the ordinary shares of the Company (“GDRs”) should be able to participate in the mandatory tender offer by cancelling the GDRs held by them, receiving the respective underlying ordinary shares, and submitting an application to sell the securities (ordinary shares) pursuant to the mandatory tender offer.

Please note that pursuant to the JSC Law a shareholder has a right, but not an obligation, to accept the mandatory tender offer. Shareholders should make their own decision as to whether to sell their shares pursuant to the mandatory tender offer and, if so, how many shares to sell. Prior to making any decision to sell their shares pursuant to the mandatory tender offer, the shareholders of MegaFon should carefully read and consider the terms and conditions of the mandatory tender offer and Articles 84.2 and 84.3 of the JSC Law as well as other information in respect of the mandatory tender offer which will be available on the Company’s website. Shareholders of MegaFon are urged to consult with their financial and tax adviser, and legal counsel.

For more information

PJSC “MegaFon”

Investors: Dmitry Kononov
Director of Investor Relations and M&A
dkononov@megafon.ru
+ 7 926 200-64-90
Media: Artem Lebedev
Head for Corporate Communications
artem.lebedev@megafon.ru
+ 7 925 696-06-77

Important Information

This press release is not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction.

This press release is for informational purposes and shall not constitute an offer to purchase or a solicitation of an offer to purchase with respect to any securities. Any such offer or solicitation will be made only by means of the mandatory tender offer document received by the Company.

The final terms of the Mandatory Tender Offer are contained in the mandatory tender offer document. Investors and shareholders in MegaFon are strongly advised to read the mandatory tender offer document and related materials as soon as they have been published, as these will contain important information. In considering the Mandatory Tender Offer, MegaFon security holders should rely only on the information contained in the mandatory tender offer document.

This announcement, and any investment activity to which it relates, is available only to (i) persons who are outside the United Kingdom, or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth companies falling within Article 49(2) (a) to (d) of the Order, or (iv) persons within the scope of Article 43 of the Order, or (v) any other persons to whom it may otherwise be lawfully mad under the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this announcement relates will only be available to and will only be engaged with, the relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

MegaFon is a company organized under the laws of the Russian Federation. The Mandatory Tender Offer is made solely pursuant to Russian law. The Mandatory Tender Offer is not made or intended to be made pursuant to the provisions of any other law. The Mandatory Tender Offer will be subject to disclosure and procedure requirements of Russia which are different from those of the United States.

The release, publication or distribution of this press release and any other documentation relating to the Mandatory Tender Offer in jurisdictions other than Russia, the UK or the US may be affected by the laws or regulations of relevant jurisdictions. Any persons who are subject to the laws and regulations of any jurisdiction other than Russia, the UK or the US should inform themselves of and observe any applicable requirements.

Cautionary Statement Regarding Forward Looking Statements

Some of the information in this press release 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”, including the negative form of such verbs or other similar expressions. These statements are 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 control of the Company. These plans or predictions may fail to be achieved or accomplished. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date of this press release 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.

All news

Other news

17 April 2019

Squeeze-out request made by MegaFon Finance in respect of ordinary shares of PJSC MegaFon

Moscow, Russian Federation (17 April 2019) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that on 17 April 2019, following preliminary notice to the Bank of Russia, the Company received from “MegaFon Finance” LLC (“MegaFon Finance”) a squeeze-out request requiring the shareholders of the Company, other than MegaFon Finance and its affiliates, to sell all of their ordinary shares of MegaFon to MegaFon Finance (“Squeeze-out Request” and “Squeeze-out”, accordingly).
5 April 2019

MegaFon successfully places bonds

Moscow, Russian Federation (05 April 2019) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that it has successfully closed the order book for its BO-002P-02 series exchange bonds (the “Bonds”) with a coupon of 8.90% per annum.
29 March 2019

MegaFon announces a shareholder transaction resulting in changes to its shareholdings

Moscow, Russia (29 March 2019) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), hereby announces that it has been notified earlier today that USM Telecom LLC (“USM Telecom”) has purchased 86 800 000 ordinary shares of MegaFon, representing a 14.00% interest in the Company’s share capital, from MegaFon Finance LLC, a wholly-owned subsidiary of the Company (“MegaFon Finance”), on 28 March 2019.