Investor Presentaiton

Our Operating Performance vs Share Price Performance RUB Share price performance since IPO Share price performance +6.2% Company's performance in 2017 Sales 2017 +21.9% yoy Dividends paid in 2017: RUB4.8bn, average dividend yield1 of 6.9% 13.1% Adjusted EBITDA 2017 +30.0% yoy Adjusted Net income 2017 +43.8% yoy 115 110 Total shareholders return 105 100 Share price performance since Feb-17 to 7-Dec-17: +19% 2-May-17: Announcement of the court claim filled by Rosneft and Bashneft against Sistema 95 95 90 90 85 80 80 75 припи 7-Dec-17:Rosneft and Bashneft filed a new claim against Sistema 12-Dec-17:Injunction over Sistema's shares in Detsky Mir DETSKY MIR RETAIL CHAIN 19-Feb-18:Removal of restrictive measures on shares of Detsky Mir 22-Dec-17: Sistema signed an amicable agreement with Rosneft, Bashneft 70 Feb-17 Mar-17 IPO Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Detsky Mir Nov-17 Dec-17 Jan-18 Feb-18 Share price as of 5 March 2018 1 Calculated as dividend per share paid in 2017 (based on total dividends of RUB4,767m, shares outstanding of 738.6m) divided by average share price since IPO 33

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