PJSC MegaFon: Resolutions taken by the Board of Directors

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EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Statement

30.05.2019 / 12:39 MSK
The issuer is solely responsible for the content of this announcement.

Resolutions taken by the Board of Directors

Moscow, Russian Federation (30 May 2019) - Public Joint Stock Company 'MegaFon' (MoEx: MFON), a pan-Russian operator of digital opportunities ('MegaFon' or the 'Company'), announces that MegaFon's Board of Directors at its meeting held on 29 May 2019 took the following resolutions:

1. To determine the price of property (services) and grant consent to a related party transaction - Revolver Loan Agreement between MegaFon (as a lender) and First Tower Company LLC (as a borrower), the Company's wholly owned subsidiary, to the total amount of RUB 6.0 Bn (including interest accrued on the principal amount).

2. To approve the Risk management and internal control policy of the Company.

3. To include the following candidates into the voting list to elect the Company's Management Board at the Annual General Shareholders Meeting of the Company:

1. Gevork Arutyunovich Vermishyan

2. Frederic Gilbert Vanoosthuyze

3. Valentina Igorevna Vatrak

4. Vlad Wolfson

5. Elena Andreevna Martynova

6. Nikita Romanovich Orlov

7. Alexander Andreevich Sobolev

and to add the item on the quantitative composition and the election of the Company's Management Board into the agenda of the Annual General meeting of Shareholders ('AGM') of the Company.

4. To add the item on approval of the Amendments No.2 to the Charter of MegaFon into the AGM agenda.


For More Information:

PJSC MegaFon

Investors: Dmitry Kononov Tel: + 7 925 696 6490 dkononov@megafon.ru
Director for Investor Relations and M&A

Media: Artem Lebedev
Director for Corporate Communications Tel: +7 925 696 0677 artem.lebedev@megafon.ru

Notes to Editors
MegaFon PJSC is a leading Russian integrated telecommunication service provider, operating in all segments of the telecommunications markets in Russia, and in the Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized market leader in the provision of mobile data services, was the first operator in Russia to launch commercial operation of a third generation (3G) network and was the first operator in the world to launch commercial operation of an LTE-Advanced (4G) data network. MegaFon is traded on the Moscow Exchange under the symbol MFON. Additional information about MegaFon and the products and services provided by MegaFon can be found at: LINK 

Cautionary Statement Regarding Forward Looking Statements
Some of the information in this document may contain or refer to projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'forecast', 'intend', 'will', 'could', 'may', or 'might' the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions, and are based upon various assumptions which are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control. We may not achieve or accomplish these plans or predictions. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which the Company operates, as well as many other risks specifically related to the Company and its business and operations.

Statement Regarding Inside Information
Some of the information in this document may be inside information. The subject matter, the identity of the issuer, the identity of the persons making the notification and their titles, and the date and time of the notification are all as set forth above.

30.05.2019 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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