S&P affirms Rostelecom’s rating of ‘BB+’ following announcement of 100% Tele2 Russia consolidation

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Moscow, Russia – November 21, 2019 – Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that its credit rating of ‘BB+’ with a Stable Outlook has been affirmed by S&P Global Ratings following the announcement of 100% Tele2 Russia consolidation. S&P outlines that Rostelecom's 100% consolidation of Tele2 Russia enhances the company's competitive position in the Russian telecommunication market.

Further information on Rostelecom’s ratings is available at www.standardandpoors.com.