Moscow, Russia - 27 July 2016: PJSC “MegaFon” (“MegaFon”, or the “Company”) (LSE: MFON), a leading Russian integrated telecommunications operator, announces its unaudited consolidated financial results for the second quarter 2016.

Key highlights of the Second Quarter 2016

• Consolidated revenue increased by 3.4% y-o-y to RUB 78,723 million
• Revenue from wireless data services increased by 6.3% y-o-y to RUB 20,687 million
• OIBDA decreased by 14.9% y-o-y to RUB 29,554 million
• OIBDA margin was 37.5% versus 45.6% in Q2 2015
• Net Profit decreased by 44.4% y-o-y to RUB 7,234 million
• CAPEX increased by 2.8% y-o-y to RUB 12,893 million
• Free Cash Flow amounted to RUB 9,605 million
• Net Debt as of 30 June 2016 was RUB 167,135 million
• The number of mobile subscribers grew by 3.8% y-o-y to 76.6 million as of 30 June 2016

Dial-in details:

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