MegaFon Reports Management Changes

Moscow, Russian Federation (10 July 2017) - Public Joint Stock Company MegaFon (LSE: MFON), a leading Russian provider of integrated digital services (MegaFon or the "Company"), announces that Pavel Korchagin appointed Chief Technology Officer at MegaFon. Pavel earlier served as Director of the Northwest Branch of the company.

In his new role, Pavel will focus on improving the quality of the MegaFon network and also on ensuring the company's digital and infrastructure market leadership. The infrastructure division is part of the operations block overseen by Anna Serebryanikova.

About Pavel Korchagin
In 1986 - 1992, Pavel worked as an engineer and research scientist at the Scientific and Research Institute for Special-Purpose Machine-Building in Moscow. From 1993 to 2002, he was a senior engineer and, later, Head of the Department for Informatics and Automation of Bank Operations at Sberbank in Volgograd. From 2002 to 2003, he held the position of Technical Director and CEO of Volgograd Mobile.
He has been at MegaFon for more than 14 years: he became Technical Director in 2003 and was appointed First Deputy CEO in 2007 of Mobicom-Centre (MegaFon-Centre). In 2009, he became Deputy CEO and in 2011 - 2014 was appointed head of the company's Central Branch.
In 2014 - 2016, Pavel headed the Volga Branch. In 2016 - 2017, he was in charge of the Northwest Branch of MegaFon.
Pavel graduated from Bauman Moscow State Technical University with a degree in Automated Systems.

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For More Information:
PJSC MegaFon

Investors: Dmitry Kononov Tel: + 7 926 200 6490 dkononov@megafon.ru
Director for Investor Relations and M&A

Media: Peter Lidov Tel: + 7 926 200 6699 plidov@megafon.ru
Director for Public Relations

Notes to Editors
MegaFon PJSC is a leading Russian integrated telecommunication service provider, operating in all segments of the telecommunications markets in Russia, and in the Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized market leader in the provision of mobile data services, was the first operator in Russia to launch commercial operation of a third generation (3G) network and was the first operator in the world to launch commercial operation of an LTE-Advanced (4G) data network. MegaFon is traded on the Moscow Exchange and the London Stock Exchange under the symbol MFON. Additional information about MegaFon and the products and services provided by MegaFon can be found at: http://www.megafon.ru

Cautionary Statement Regarding Forward Looking Statements
Some of the information in this document may contain or refer to projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "forecast", "intend", "will", "could", "may", or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions, and are based upon various assumptions which are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control. We may not achieve or accomplish these plans or predictions. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which the Company operates, as well as many other risks specifically related to the Company and its business and operations.

Statement Regarding Inside Information
Some of the information in this document may be inside information. The subject matter, the identity of the issuer, the identity of the persons making the notification and their titles, and the date and time of the notification are all as set forth above.