Mobile Telesystems Public Joint Stock acquisitions, on the record

Word for word“In December 2019, our wholly owned subsidiary Allegretto Holding S.a.r.L (Lux) sold its 100% stake in its Dutch subsidiary Preludium B.V., the sole shareholder of VF Ukraine, for total consideration of USD 689 million (RUB 44,386 million) (including fair value of earn-out of USD 44 million).” 20-F for 2020

Word for word“In November 2020 we sold our 100% stake in NVision Group JSC to Sistema PJSFC for RUB 369 million (including adjustment based on NVision's financial results as of the date of deal closure).” 20-F for 2020

Word for word“In March 2019, we sold our stake in OZON to Sistema for RUB 7.9 billion.” 20-F for 2020

Word for word“In 2018, we acquired a 28.63% stake in MTS Bank from Sistema for RUB 8.27 billion, thus increasing our effective ownership in MTS Bank to 55.4%.” 20-F for 2020

Word for word“In September 2018, we acquired 100% in the share capital of Avantage LLC for RUB 8.9 billion (including net debt) from a group of private investors.” 20-F for 2020

Word for word“The company, which holds all IT-Grad group's cloud assets, was bought through our Dutch subsidiary Vostok Mobile B.V. from a group of private investors for a total of RUB 2,491 million, including net debt.” 20-F for 2020

Word for word“In February 2020, we acquired a 51% stake in Zelenaya Tochka Group, a provider of broadband and digital TV services in a number of Russian regions, and accounted for investment in joint venture, based on the provisions of the shareholders' agreement.” 20-F for 2020

Word for word“In June 2020, we acquired a 100% interest in Stopol Group, producer and supplier of car multifunctional multimedia devices / on-board computers.” 20-F for 2020

Word for word“In June 2019, we acquired a 97.42% stake in JSC "RIKT," a regional provider of telecommunications services in Mezhdurechensk and Kemerovo Oblast.” 20-F for 2020

Word for word“In April 2019, we acquired from Sistema a 100% interest in Joint Stock Company "United Russian Studios," a management company of a "Kinopolis" movie studio with its own movies production complex.” 20-F for 2020

Word for word“In January 2018, we acquired a 78.2% stake of Cubichall Holdings Ltd (the owner of Kulturnaya Sluzhba LLC), operating under the trademark Ponominalu.ru, for RUB 321 million with a call and put option arrangement existing over another 21.8% of shares.” 20-F for 2020

Word for word“In February 2018, we acquired a 100% ownership interest in Moskovskaia Direktciia Teatralno-Kontcertnyh i Sportivno-Zrelishchnyh Kass LLC, operating under the trademark Ticketland.ru, for RUB 3.19 billion.” 20-F for 2020

Word for word“In October 2017, we acquired 50.82% of ownership interest in the Russian retail software developer Oblachny Retail LLC, operating under trademark LiteBox, with a call and put option arrangement existing over another 49.18% of shares.” 20-F for 2020

Word for word“In December 2017, we purchased a 100% stake in Praliss Enterprises, thus acquiring one of the world's leading eSport clubs—Gambit Esports.” 20-F for 2020

Word for word“In August 2018, we purchased a 99% stake in Progressivniye Technologii CJSC, provider of fixed-line services in the cities of Zhukovskiy and Anapa, which allowed us to strengthen our position in the local markets and benefit from the expected synergies from the acquisition.” 20-F for 2020

Word for word“On December 23, 2010, the extraordinary general meetings of shareholders of Comstar and MTS approved a merger, which was completed on April 1, 2011.” 20-F for 2020

Word for word“In December 2015, we have completed the acquisition of NVision Group ("NVision") and its subsidiaries for RUB 11.2 billion.” 20-F for 2020

Word for word“In July 2017, we acquired a 100% ownership interest in Bashkortostan Cellular Communication OJSC, a company which operates in the Republic of Bashkortostan and holds rights to use 450 MHz and 2,100 MHz radio frequencies.” 20-F for 2020

Word for word“In December 2019, our wholly owned subsidiary Allegretto Holding S.a.r.L (Lux) sold its 100% stake in its Dutch subsidiary Preludium B.V., the sole shareholder of VF Ukraine, for total consideration of USD 689 million (RUB 44,386 million) (including fair value of earn-out of USD 44 million).” 20-F for 2021

Word for word“In December 2015, we have completed the acquisition of NVision Group (“NVision”) and its subsidiaries for RUB 11.2 billion.” 20-F for 2021

Word for word“In March 2019, we sold our stake in OZON to Sistema for RUB 7.9 billion.” 20-F for 2021

Word for word“In September 2021, we acquired a 70% stake in Sistema Capital LLC (“Sistema Capital”) for RUB 3.5 bn, that allowed us to increase our share in Sistema Capital to 100%.” 20-F for 2021

Word for word“In February 2022, we acquired a 100% stake in VisionLabs B.V., a renowed developer of products based on machine learning, for RUB 6.5 bn.” 20-F for 2021

Word for word“In June 2021, we acquired a 100% stake in MTT OJSC (“МТТ”), a country-wide provider of smart-telecom and IT solutions for business.” 20-F for 2021

Word for word“In June 2021, we acquired a 51% of the equity capital of Factorin LLC (“Factorin”) for RUB 867 m, including a RUB 350 m cash-in investment to support the startup’s continued development.” 20-F for 2021

Word for word“In June 2021, we acquired a 100% ownership interest in LLC “GDTs Energy Group” (“GreenBush”), the operator of the GreenBush data center in Tehnopolis special economic area, to use the facility’s additional capacity to offer colocation and cloud solutions to customers as well as to facilitate our own compute and storage needs.” 20-F for 2021

Word for word“In April 2021, we acquired a 100% ownership interest in LLC “Credit Consulting”, a credit broker.” 20-F for 2021

Word for word“In June 2020, we acquired a 100% interest in Stopol Group (later renamed as “MTS Auto”), producer and supplier of car multifunctional multimedia devices / on-board computers.” 20-F for 2021

Word for word“On December 23, 2010, the extraordinary general meetings of shareholders of Comstar and MTS approved a merger, which was completed on April 1, 2011.” 20-F for 2021

Word for word“In 2003 through a number of purchases we acquired a 100% stake in MTS Ukraine (now VF Ukraine) for RUB 11,872 million.” 20-F for 2021

Word for word“In two separate purchases in June and November 2005, we acquired 100% of BCTI, the leading wireless operator in Turkmenistan, for $46.7 million (RUB 1,343 million) in cash.” 20-F for 2021

Word for word“● 58.38% of Renninga Holdings Limited, whose wholly owned subsidiary Gulfstream Security Systems JSC is one of Russia’s leading providers of digital safeguard systems for residential households, automobiles, and commercial real estate (April), together with 19.5% of Vorsicher Holding Limited, an owner of Gulfstream European divisionas well as call and put option agreements to purchase the remaining 41.62% stake in Gulfstream, exercisable starting 2025;” 20-F for 2022

Word for word“● 100% of Bronevik Online LLC and Bronevik Company LLC (Bronevik Group, one of the market leaders in online hotel booking), with the aim of developing a new business line, MTS Travel, in the tourism industry (July);” 20-F for 2022

Word for word“● 50.85% of Navitel Group, a Russian provider of navigation and cartographic solutions, together with call and put option agreements to purchase the remaining stake in Navitel Group, in order to create our own geo-services platform for the development of an ecosystem of services and transport solutions (October).” 20-F for 2022

Word for word“(1) Part of Nvision Czech Republic Group - NVision Czech Republic a.s.- was sold in October 2022, the results of the disposed subsidiary are presented as discontinued operations.” 20-F for 2022

Word for word“In December 2019, we sold our telecommunication business in Ukraine under an agreement entered into with Telco Solutions and Investments LLC, as purchaser, an entity affiliated with telecommunication company Bakcell LLC, which is a part of the NEQSOL Holding international group of companies (the “Sale Agreement”), see “Item 4.Information on our Company—A. History and Development” and Note 10 to our audited consolidated financial statements for details of the transaction.” 20-F for 2022