Rostelecom Shareholders vote to place additional shares as part of the transaction to consolidate 100% of Tele2 Russia

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Moscow, Russia – December 19, 2019 Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that on December 18, 2019, its Extraordinary General Meeting (the “EGM”) has approved in favour of increasing Rostelecoms charter capital by placing additional shares. The placement of additional shares is an integral part of the complex transaction to consolidate 100% of Tele2 Russia[1].

The additional shares will be issued through a private placement offering to VTB Bank (Public Joint-Stock Company). The issue price, including the price of shares offered to holders of 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).

Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.



[1] In line with the Decree of the President of Russia #480 as of 03.10.2019 and the Board of Directors decision as of 13.11.2019, Minutes #6