Russian Federation Information Tender

Sistema PJSFC a publicly-traded diversified holding company announces that its subsidiary Sistema Finance S.A. sold 8975231 ordinary shares of PJSC MTS hereinafter MTS to a subsidiary of MTS LLC Bastion the Purchaser as part of the MTS share buyback programme in the amount up to RUB 30.0 bn which was approved by the Board of Directors of MTS in June 2018 and will be effective until July 2020 the Programme. The amount of the transaction was approximately RUB 2.33 bn.In accordance with the terms of the Programme the number of shares for the purpose of the transaction was calculated based on the number of ordinary shares and American depositary shares of MTS purchased by the Purchaser in the open market in March 2019 in proportion to Sistema Groups effective equity stake in MTS.As a result of implementation of the Programme in March 2019 Sistema Groups effective stake in MTS remained unchanged at 50.0053.