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Information on a transaction within the framework of the MTS share buyback program

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PJSFC System (SSA)
02-Jul-2021 / 18:00 MSK
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Information on a transaction within the framework of the MTS share buyback program

Moscow, July 2, 2021 – Sistema PJSFC (“Sistema” or “the Company”) (LSE: SSA, MOEX: AFKS), a Russian listed investment company, announces that Sistema has sold 7,273,992 ordinary shares of PJSC MTS (hereinafter , “MTS”) to a wholly-owned subsidiary of MTS, LLC Bastion (the “Buyer”), in connection with the MTS share repurchase program in the amount of up to 15 billion rubles, announced by MTS in March 2021 (the “Program”). The amount of the transaction is approximately 2,487 million rubles.

In accordance with the terms of the Program and the agreement between Sistema PJSFC, Sistema Finance SA, Sistema Telecom Assets LLC and the Buyer, the number of MTS shares to be transferred by Sistema in this transaction has been calculated on the basis of the number of ordinary shares and US custodian shares of MTS purchased by the Purchaser from third parties in June 2021 in proportion to the effective participation of the Sistema Group in MTS. Following the transaction, Sistema Group’s effective stake in MTS amounted to 50.3023%.

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Sistema PJSFC is a Russian publicly traded investment company with a diversified portfolio of assets serving more than 150 million clients in the telecommunications, high tech, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. The turnover in 2020 was 691.6 billion rubles; total assets stood at 1.4 trillion rubles as of December 31, 2020. Sistema’s global certificates of deposit are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the Moscow Stock Exchange. Website: www.sistema.com.

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For more information, please visit www.sistema.com or contact:

Infrared service

Nikolai Minachin

Telephone: +7 (495) 730 66 00

[email protected]

Press service

Sergei Kopytov

Telephone: +7 (495) 228 15 32

[email protected]

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