Issue of additional shares as part of the transaction to consolidate 100% of Tele2 Russia registered by Bank of Russia

Holders of preemptive rights can apply for purchase of the new issue at RUB 93.21 per share, from December 27, 2019 to February 10, 2020

Moscow, Russia – December 27, 2019 – Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that on December 26, 2019, Bank of Russia has completed the state registration of the issue of additional ordinary book-entry shares of Rostelecom PJSC through a private placement offering to VTB Bank (Public Joint-Stock Company). The issue price, including the price of shares offered to holders of preemptive rights to acquire them, amounts to RUB 93.21 per share. The placement of additional shares is an integral part of the complex transaction to consolidate 100% of Tele2 Russia.

Holders of preemptive rights can apply for purchase of the new issue within 45 calendar days starting from December 27, 2019 to February 10, 2020 inclusive. Further information is available at https://www.company.rt.ru/en/ir/stock_and_bonds/preemptive-right/.

The number of additionally issued ordinary shares will not exceed 1,200,000,000 (including the shares issued for purchase in line with the preemptive right).

Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.