Investor Presentaiton

MTS a step ahead Re-launch of operations in Turkmenistan MTS reached an agreement with Turkmenistan authorities to relaunch its network in September 2012 ■ Key figures: CAPEX to restart network: $1.5 mln CAPEX required 2012-2015: <$40 mln ■ Key targets: No. of subscribers 2012: 440,000 Est revenue 2012: 9.4 mln manat ($3.3 mln) Ashgabat *Source: IMF, July 2012 Key facts about Turkmenistan* Population: 5.4 mln Population density: 11 per km² GDP real growth 2012-2013: 8.0% 11 14

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