2016-03-17

Moscow, Russia (17 March 2016) — PJSC “MegaFon” (“MegaFon”, or the “Company”) (LSE: MFON), a leading Russian telecommunications operator, announces its audited consolidated financial results for the full year and Q4 2015.

Key Financial and Operational Highlights of the Full Year 2015

• Consolidated revenue of RUB 313,383 million, virtually the same year over year (“y-o-y”)
• Revenue from wireless data services increased by 19.0% y-o-y to RUB 79,912 million
• OIBDA decreased by 4.4% y-o-y to RUB 132,357 million
• OIBDA margin was 42.2% versus 44.0% in 2014
• Net Profit increased by 6.3% y-o-y to RUB 39,041 million
• CAPEX increased by 24.2% y-o-y to RUB 70,164 million
• Free Cash Flow totaled RUB 53,797 million
• Net Debt as of 31 December 2015 was RUB 180,846 million
• The number of mobile subscribers grew by 6.4% y-o-y to 76.8 million as of 31 December 2015

Key Financial Highlights of the Q4 2015

• Consolidated revenue of RUB 81,980 million, virtually the same y-o-y
• Revenue from wireless data services increased by 19.9% y-o-y to RUB 20,973 million
• OIBDA decreased by 14.4% y-o-y to RUB 29,511 million
• OIBDA margin decreased to 36.0% versus 41.9% in Q4 2014
• Net Profit increased by 89.1% y-o-y to RUB 5,332 million
• CAPEX increased by 15.5% y-o-y to RUB 23,627 million
• Free Cash Flow amounted to RUB 13,836 million

Download full press release in PDF

Operational and Financial Data Pack

Join audiocast

MegaFon will be hosting an analyst and investors conference call today with a simultaneous audiocast to discuss its Q4 2015 results.

Time: 11.00 (New York time), 15.00 (London time), 18.00 (Moscow time)

Dial-in details:

Local — Moscow, Russia:+7 495 705 9450National free phone — Russian Federation:+8 800 500 9311Local — London, United Kingdom:+44(0)20 3427 1907National free phone — United Kingdom:0 800 279 4992Local — New York, United States of America:+1 646 254 3361National free phone — United States of America:+1 877 280 2296 Access confirmation code: 9949629 Password: MegaFon

For access to the live and on demand webcast from any IOS apple or Android mobile devices:

Replay facilities will be available for 7 days:

Replay facilities (will be available for 7 days) Replay password9949629 followed by #Russia Toll Free+8 10 800 2870 1012UK Toll Free0 800 358 7735USA Toll Free+1 866 932 5017Local – Moscow, Russia+ 495 705 9453Local – London, United Kingdom:+44(0)20 3427 0598Local – New York, United States of America:+1 347 366 9565