MTS Recognized at the Procurement Leaders Awards 0

Moscow, Russian Federation - Mobile TeleSystems OJSC ( MTS or the Company - NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces that Valery Shorzhin, Director of Procurement, has received a prestigious Procurement Leader Award at an awards ceremony sponsored by Procurement Leaders Magazine, the leading international publication for procurement professionals.

The award showcases Valery's contribution to the transformation of MTS's procurement function, which has been globally acknowledged for its efficiency and transparency. MTS was the only Russian company to be shortlisted for this award alongside Vodafone, LG, IBM, ConocoPhillips Asia Ventures and other world's leading companies. MTS was also shortlisted in the Best Procurement Team and Transformation categories. Winners in the 8 categories were selected by a reputable international jury consisting of senior managers from such companies as Microsoft, Syngentra, Jones Lang LaSalle and WIPRO.

Mr. Shorzhin commented, As MTS is focused on improving efficiencies across the organization, the mission of the procurement has long been to enable the Company to maximize returns on investments and stay ahead of the competition. We are happy that our success has again been acknowledged by the international community of procurement professionals.

Previously, MTS and Vodafone had been recognized with an award in the category of External Collaboration in The Procurement Leaders Awards 2012. The companies were honored for the successful completion of joint projects, which enabled them to standardize requirements for suppliers and jointly purchase telecommunications equipment, IT equipment and consumer devices across multiple geographies. Since October 2008, MTS and Vodafone have maintained a strategic partnership to provide customers with high-quality communications services and to collaborate jointly on future technological developments. MTS has drawn extensively on Vodafone's expertise in developing networks and mobile broadband products, deploying its retail network, working with leading global equipment providers, and applying innovative CRM practices to enhance the quality and efficiency of its business.

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For further information, please contact in Moscow:

Joshua B. Tulgan

Director, Department of Corporate Finance and Investor Relations

Mobile TeleSystems OJSC

Tel: +7 495 223 2025

E-mail: ir@mts.ru

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/

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Mobile TeleSystems OJSC ("MTS") is the leading telecommunications group in Russia, entral and Eastern Europe, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services in one of the worlds fastest growing regions. Including its subsidiaries, the Group services over 100 million mobile subscribers. The Group has been awarded GSM licenses in Russia, Ukraine, Armenia, Turkmenistan and Belarus, a region that boasts a total population of more than 200 million. Since June 2000, MTS Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about the MTS Group can be found at www.mtsgsm.com.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as expect, believe, anticipate, estimate, intend, will, could, may or might, and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned Risk Factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

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LINK:	http://www.mtsgsm.com/news/2013-11-22-51167/...
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