Cellular Data 2015

Russia:

- Number of subscribers (active SIM cards) decreased to 238.4 mln, down 2 mln from 4Q2014, down 3 mln from 1Q2014;

- Penetration decreased to 167% (down 1% from 4Q2014, down 2% from 1Q2014);

- There were 214 and 210 SIM cards in use per 100 population in Moscow and St. Petersburg respectively as of March 31, 2015.

Ukraine:

- Number of subscribers (active SIM cards) decreased to 59.2 mln, down 0.1 mln from 4Q2014, down 1 mln from 1Q2014

- Penetration decreased to 130% (down 0.2% from 4Q2014, down 2.4% from 1Q2014).

Russia:

- Number of subscribers (active SIM cards) increased to 242.3 mln, up 4 mln from 1Q2015, 6 mln from 2Q2014;

- Penetration increased to 170% (up 3% from 1Q2015, 4% from 2Q2014);

- There were 216 and 217 SIM cards in use per 100 population in Moscow and St. Petersburg respectively as of June 30, 2015.

Ukraine:

- Number of subscribers (active SIM cards) increased to 59.5 mln, up 0.2 mln from 1Q2015, down 0.4 mln from 2Q2014

- Penetration increased to 131% (up 0.5% from 1Q2015, down 0.9% from 2Q2014).

Russia:

- Number of subscribers (active SIM cards) increased to 248 mln, up 6 mln from 2Q2015, 9 mln from 3Q2014;

- Penetration increased to 174% (up 4% from 2Q2015, 6% from 3Q2014);

- There were 222 and 223 SIM cards in use per 100 population in Moscow and St. Petersburg respectively as of September 30, 2015.

Ukraine:

- Number of subscribers (active SIM cards) decreased to 59.2 mln, down 0.2 mln from 2Q2015, down 3 mln from 3Q2014

- Penetration decreased to 130% (down 0.5% from 2Q2015, down 7% from 3Q2014).

_______________________________

Advanced Communications & Media

11/2a Armyansky Pereulok

Moscow 101990, Russia

Tel: (+7-495) 623-5480; 933-5578

Email: ap@acm-consulting.com

www.acm-consulting.com

4Q2015 AC&M Cellular Estimates

_______________________________

Advanced Communications & Media

11/2a Armyansky Pereulok

Moscow 101990, Russia

Tel: (+7-495) 623-5480; 933-5578

Email: ap@acm-consulting.com

www.acm-consulting.com