PJSC “MegaFon” reports 20.3% increase of wireless data services revenue in Q2-2015 YoY

MOSCOW, 3-8-2015 — /EuropaWire/ — PJSC “MegaFon” (“MegaFon”, or the “Company”) (LSE: MFON), a leading Russian telecommunications operator, announces its unaudited consolidated financial results1 for the second quarter and first half of 2015.

Key highlights of the Second Quarter 2015²

• Consolidated revenue decreased by 0.7% year over year (“y-o-y”)3 to RUB 76,141 million
• Revenue from wireless data services increased by 20.3% y-o-y to RUB 19,459 million
• OIBDA increased by 1.3% y-o-y to RUB 34,737 million
• OIBDA margin was 45.6% versus 44.7% in Q2 2014
• Net Profit decreased by 6.4% y-o-y to RUB 13,001 million
• CAPEX decreased by 6.4% y-o-y to RUB 12,536 million
• Free Cash Flow amounted to RUB 19,345 million
• Net Debt as of 30 June 2015 was RUB 113,608 million
• The number of mobile subscribers grew by 5.1% y-o-y to 73.8 million4 as of 30 June 2015

Key highlights of the First Half of 2015

• Consolidated revenue decreased by 0.9% y-o-y to RUB 150,124 million
• Revenue from wireless data services increased by 15.4% y-o-y to RUB 37,314 million
• OIBDA decreased by 0.1% y-o-y to RUB 66,701 million
• OIBDA margin grew to 44.4% versus 44.1% in 2014
• Net Profit decreased by 3.4% y-o-y to RUB 20,403 million
• CAPEX decreased by 5.1% y-o-y to RUB 20,629 million
• Free Cash Flow totaled RUB 31,091 million

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Operational and Financial Data Pack

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MegaFon will be hosting an analyst and investors conference call today with a simultaneous audiocast to discuss its Q2 2015 results.

Time: 11.00 (New York time), 16.00 (London time), 18.00 (Moscow time)

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1 Based on the IFRS interim condensed consolidated financial statements reviewed by JSC KPMG
2 See Schedule 1 for definitions of the terms used and Schedule 2 for the reconciliation of Non-IFRS measures. Due to rounding manual calculations for financials and KPIs may differ from those displayed
3 Year over year (or “y-o-y”) means the same periods in the current and previous year on either a quarterly or yearly basis
4 Consolidated data includes subscribers of the Company in Russia and the subscribers of its subsidiaries: “TT mobile” CJSC in the Republic of Tajikistan, “AQUAFON-GSM” CJSC in the Republic of Abkhazia and “OSTELEKOM” CJSC in the Republic of South Ossetia