Mobile TeleSystems OJSC announced the decisions reached at the meeting of its Board of Directors held on April 14, 2015. The Board recommended that an annual general meeting of shareholders approves annual dividends of RUB 19.56 per ordinary MTS share (RUB 39.12 per ADR), or a total of RUB 40.419 billion (RUB 40,418,854,944.12), based on the full-year 2014 financial results. Upon acceptance by the AGM and completion of this payment, MTS will have paid out up to RUB 53.230 billion (RUB 53,230,553,370.52) based on fiscal year 2014 financial results. The Board recommended that the AGM sets the record date for shareholders and ADR-holders entitled to receive dividends for the 2014 fiscal year for July 07, 2015.

The board nominated Ms. Regina von Flemming, independent director for the election to the Company's Board.