Rostelecom Convenes Extraordinary General Meeting

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Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY) announces that on November 13, 2019, its Board of Directors has convened the Extraordinary General Meeting (the “EGM”).

The EGM will be held on December 18, 2019 in form of absentee voting. The EGM is called by the initiative to approve the increase of the charter capital by placing additional shares.

The record date to participate in the EGM has been set for November 25, 2019.

The placement of additional shares will reduce the needs for debt financing to complete the transaction to consolidate 100% of Tele2 Russia

The additional shares will be issued through a private placement offering to VTB Bank (Public Joint-Stock Company). The price of shares offered, including the price of shares offered to entities granted with preemptive rights to acquire them, amounts to RUB 93.21 per share.

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