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28 August 2018

Notice of EGM

Moscow, Russian Federation (28 August 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that an Extraordinary General Meeting of Shareholders (“EGM”) will be held on 19 September 2018 in the form of absentee voting to approve an interested party transaction for the funding in whatsoever way of MegaFon Finance LLC, a Russian legal entity wholly-owned by the Company, and/or another MegaFon’s subsidiary.

The EGM is called by the initiative of the Company’s Board of Directors pursuant to its decision taken at a meeting held on 15 August 2018.

The proposed EGM agenda is as follows:

    To give consent for execution of the transaction for providing the Financing to MegaFon Finance LLC and/or another company, 100% of the authorized capital of which is owned, directly or indirectly, by the Company (the “Company’s Subsidiary”) in the form of a revolving loan agreement between the Company (the Lender) and MegaFon Finance LLC and/or another Company’s Subsidiary (the Borrower), and/or making by the Company of a contribution to the property / authorized capital of MegaFon Finance LLC and/or another Company’s Subsidiary or financing in any other way (the “Transaction”) which is an interested party transaction related to the following major interrelated interested party transactions, approved by the EGM held on 17 August 2018 (resolutions taken by the EGM held on 17 August 2018 were announced at: https://corp.megafon.com/investors/news/capital_market_releases/20180820-1322.html):

    (i) Revolving Loan Agreement between the Company (the Lender) and MegaFon Investments (Cyprus) Limited (the Borrower), and/or contributions of the Company to property and/or authorized capital of MegaFon Investments (Cyprus) Limited

    (ii) Deed of Indemnity No. 2 replacing Deed of Indemnity No. 1 between the Company and Credit Suisse Securities (Europe) Limited and UBS Limited, and

    (iii) other contracts and agreements, which may be required in pursuance of the said transactions.

It is intended that the proceeds from the financing will be applied for the acquisition by MegaFon Finance LLC and/or another MegaFon’s subsidiary of the Company’s issued and outstanding ordinary shares, of RUB 0.1 nominal value per share (“Ordinary Shares”), including Regulation S and Rule 144A Global Depositary Receipts, each representing one Ordinary Share of the Company, from MegaFon Investment (Cyprus) Limited. It is expected that following such acquisition MegaFon Investment (Cyprus) Limited will repay all or part of the loan provided to it by MegaFon from the proceeds received by it.

In connection with this, the following documents have been posted at www.morningstar.co.uk/uk/NSM or otherwise made available to shareholders today:

  1. Notice on convocation of the EGM, including the procedures for distribution of the EGM information (materials);
  2. Voting ballot;
  3. Extract from the Minutes of the Board of Directors Meeting where the price of property (services) under the interrelated transactions was determined.

27 August 2018 was approved as the record date for the purpose of compiling the list of persons entitled to participate in the EGM on the basis of information from the Company’s register.

The executed voting ballots shall be delivered to:

ATTN: Independent Registrar Company JSC

Address: 18 Stromynka Street, Moscow 107076, Russian Federation

Deadline: 19 September 2018

The above information (materials) will be available starting today, 28 August 2018, on the Company’s website at: http://corp.megafon.com/investors/shareholder_meetings/extraordinary_general_shareholde/#2018.

The information (materials) will also be available upon request for examination at the Company’s offices at: 41 Oruzheiny lane, Moscow 127006, Russian Federation. The Company will provide copies of the materials to Shareholders at a cost not to exceed the actual cost of copying.

Additional information on the procedures for holding Meetings of Shareholders is available on the Company’s website at http://corp.megafon.com/investors/shareholder_meetings/extraordinary_general_shareholde/#2018.

In compliance with the applicable legislation, the disclosure of depositary receipts owners and other persons exercising rights to depositary receipts shall be required if voting.

For More Information:

PJSC MegaFon
Investors: Dmitry Kononov
Director for Investor Relations and M&A
Tel: +7 926 200 6490 dkononov@megafon.ru
Media: Alexander Boreyko
Director for Public Relations
Tel: +7 925 708 9816 a.boreyko@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 and the London Stock 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.

Statement Regarding Inside Information

This announcement contains 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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Moscow, Russian Federation (22 September 2021) — Public Joint Stock Company “MegaFon”, a pan‑Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that the following resolutions were adopted at the Extraordinary General Shareholders’ Meeting (“EGM”) held in the form of absentee voting on 21 September 2021:
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