Megafon : Announcement of Management Changes

Alexander Bashmakov, Chief Technological Officer, has decided to leave the Company to pursue new opportunities. Mr. Bashmakov joined MegaFon in March 2012 as Chief Strategy Officer. In April 2013, he saw his area of responsibility expanded to include, in addition to strategic development, procurement and logistics. In August 2015, Mr. Bashmakov took over leadership of the technology function as Chief Technological Officer. Prior to joining MegaFon Bashmakov worked at The Boston Consulting Group (BCG) and Accenture where he developed a career in digital technologies and telecommunications.

MegaFon Chief Executive Officer Sergey Soldatenkov thanked Alexander Bashmakov for his work and contribution to the Company's development: 'During Alexander's time in the Company, MegaFon has greatly advanced in the field of innovation, service quality and business efficiency. MegaFon has strengthened its technological leadership in LTE and 5G, the Company is developing single convergent billing and introducing new Agile management approaches and implementing many other projects - all those are to a great extent made possible thanks to the efforts of Alexander'. 'I am sure he will make use of his experience at MegaFon in the undoubtedly successful endeavours he will be pursuing', he added.

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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 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

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