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Investor Presentaiton

MTS a step ahead -2% -3% ARPU stable Residential 301 295 (RUB) 288 283 284 285 ARPU Corporate Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 -5% -3% +2% 7734 7742 (RUB) 7383 7281 7194 7031 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Total households 9 985 10 079 10 415 11 433 11 448 11 507 passed, 000s Total BB subs, 000s 1 892 1957 2 032 2 152 2 231 2 285 Total pay-TV subs, 000s* 2 637 2 635 2 741 2 987 2 971 2 937 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 *Figures retrospectively adjusted in line with MTS definitions; does not include collective access subscribers Russia fixed operating indicators " Residential ARPU year-on-year decline due to the overall decrease of prices on the Internet and pay-TV market ■ Corporate ARPU year-on-year decrease indicative of the competitive pressures on the corporate market, convergent offers aimed at optimization of customers expenses, as well as a low share of value- added services 18
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