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Investor Presentaiton

MTS a step ahead Russia mobile operating indicators* -9% +10% -4% +7% Messaging 8 248 8 821 4 315 4 494 4 316 Revenue (RUB mln) 4 165 4 326 3 932 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 H1 2011 H1 2012 +5% +35% +6% +34% Data Traffic 15 179 11 286 Revenue 5 513 5 773 6 598 6 829 7 365 7 814 (RUB mln) Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 H1 2011 H1 2012 -17% +41% -16% +40% Data Content 10 936 7 789 Revenue 5 134 5 957 4 262 4 980 3 527 3 983 (RUB mln) Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 H1 2011 H1 2012 Total VAS (RUB mln)* 14 365 13 616 15 290 16 578 18 264 17 613 27 981 35 876 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 H1 2011 H1 2012 *Does not include revenue from SMS and data bundles, which is included in airtime revenue Key initiatives included: - Launch of "Unlimited Internet for a day" service to stimulate data usage Decrease in content revenues in Q2 2012 due to seasonality, the discontinuation of SMS - promotions and intensification of anti- fraud activities 17 17
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