Fitch upgrades outlook to Stable for Rostelecom’s credit rating of ‘BBB-’

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Moscow, Russia – October 21, 2016 - Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX:ROSYY), Russia’s national telecommunications operator, announces that Fitch Ratings has upgraded the outlook to Stable on its investment grade credit rating of ‘BBB-’. The decision on the outlook was made on October 20, 2016.

Further information on Rostelecom’s ratings is available at www.fitchratings.com.