MTS Announces the Appointment of the New Trustee

December 26, 2022

MOSCOW, Russia – Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (MOEX: MTSS), a leading provider of digital and media services and Russia’s largest mobile operator, announces the appointment of Limited Liability Company "Legal Capital Investor Services" as trustee (the "New Trustee") with respect to the U.S.$500,000,000 5 per cent. Loan Participation Notes due 2023.

An Extraordinary Resolution (the "Designated Extraordinary Resolution") has been passed at the meeting of the Noteholders convened by the Company and held at 1.00 p.m. (London time) on 13 December 2022. Pursuant to the Designated Extraordinary Resolution, amongst other things, the Company has been authorised and vested with the power by the Noteholders to appoint Limited Liability Company "Legal Capital Investor Services" as a New Trustee. The Company and the New Trustee executed the deed of appointment on 20 December 2022.