MTS change its dividend policy on the amount of dividends for the year 2012

The Board of Directors of the telecom operator MTS announced the approval of the dividend policy in the new edition, which provides growth dividend in 2013-2015 by an average of 30%. The total amount of dividend payments in 2013-2015 will amount to at least 120 billion rubles.

The new medium-term dividend policy MTS provides a binding payments to the free cash flow generated by the company. The minimum payout of dividends in 2013-2015 will be determined by the higher of the two values: a minimum of 75% of free cash flow of "MTS" for the past financial year under U.S. GAAP or 40 billion rubles a year. The new dividend policy, the possibility of payment of interim dividend for the decision of the general meeting of shareholders of OJSC "MTS".