OREANDA-NEWS. Mobile TeleSystems OJSC (“MTS” or “the Company” - NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the repurchase of its Series 03 ruble-denominated bond (the “Bond”) in the amount of approximately RUB 3.9 billion.

On December 09, 2013, the Company changed the coupon rate for the 12th and 13th coupons from 7.00% to 7.50% with a one- year put option.

The RUB 10 billion series 03 ruble-denominated bond with maturity on June 12, 2018 and a five-year put option was issued on June 24, 2008. The coupon was to be paid semi-annually at the rate of 8.7% for the 1st through 4th coupons and at the rate of 8.0% for 5th through 10th coupons. On June 05, 2013, the Company changed the coupon rate for the 11th coupon to 7.00% with a six-month put option. On June 20, 2013, the Company announced the repurchase of the series 03 bond in the amount of approximately RUB 1.88 billion.

The bond is part of the “A1” quotation list on the Moscow Stock Exchange.

Gazprombank, Raiffeisenbank and Troika Dialog were Lead Arrangers of the bond. Gazprombank acted as the Repurchase Agent.