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PJSC MegaFon: Resolutions taken by the Board of Directors

PJSC MegaFon / Miscellaneous - High Priority

30-May-2016 / 09:03 CET/CEST
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Resolutions taken by the Board of Directors

Moscow, Russian Federation (30 May 2016) - Public Joint Stock Company 'MegaFon' (LSE: MFON), a leading Russian telecommunications operator, ('MegaFon' or the 'Company') announces that MegaFon's Board of Directors during its meeting held on 27 May 2016 in the form of absentee ballot took the following resolutions:

1. To include the item on payment (declaration) of the dividend of the Company for Q1 2016 into the Agenda of the Annual General Shareholders Meeting to be held on 30 June 2016

2. To recommend the Annual General Shareholders Meeting to be held on 30 June 2016 to approve the payment of a dividend based on the results of Q1 2016 in the amount of RUB 4,997,200,000, equivalent to RUB 8.06 per ordinary share (or GDR)

3. To propose to the Annual General Shareholders Meeting to determine 11 July 2016 as the date to define the people entitled to receive the dividends on the common registered shares of the Company as of Q1 2016 financial year results

4. To include the following candidates into the voting list for election of the Management Board at the Company's AGM:

1. Soldatenkov Sergey Vladimirovich;
2. Bashmakov Alexander Vladimirovich;
3. Velichko Valery Leonidovich;
4. Vermishyan Gevork Arutyunovich;
5. Wolfson Vlad;
6. Karpushkin Vladimir Victorovich;
7. Kononov Dmitry;
8. Korchagin Pavel Viktorovich;
9. Kukhalsky Jan Ivanovich;
10. Levykin Andrey Borisovich;
11. Likhova Irina Borisovna;
12. Likhodedov Konstantin Michailovich;
13. Molotkov Mikhail Ivanovich;
14. Semenov Alexei Borisovich;
15. Serebryanikova Anna Andreevna;
16. Sobolev Aleksandr Andreevich;
17. Tyutin Aleksey Leonidovich;
18. Chermashentsev Evgeniy Nikolaevich;
19. Shishkovskiy Andrey Yurievich.

The formal AGM notice together with the relevant AGM materials and voting ballots will be distributed by the Company on 30 May 2016.

Sergey Soldatenkov, acting CEO of MegaFon commented on the BoD decision to recommend the AGM to approve the dividend payment for the first quarter of 2016: 'The Board of Directors decided to recommend payment of dividends for the first quarter of 2016, based on MegaFon's operating performance at the beginning of the year, and wishing to signal to the market that the Company's long-term shareholder remuneration strategy remains intact'.

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For More Information:

PJSC MegaFon

Media: Yulia Dorokhina Tel: + 7 926 200 6854
Investors: Dmitry Kononov Tel: + 7 926 200 6490

Notes to Editors

MegaFon PJSC is a leading Russian integrated telecommunication service provider, 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 Stock 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

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.

30-May-2016 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: PJSC MegaFon
30, Kadashevskaya Emb.
115035 Moscow
Phone: +7 (499) 755 2155
Fax: +7 (499) 755 2175
ISIN: US58517T2096, RU000A0JS942
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; London
Category Code: MSCH
Sequence Number: 3186
Time of Receipt: 30-May-2016 / 09:03 CET/CEST
End of Announcement EquityStory.RS, LLC News Service

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