MTS Analyst and Investor Day on October 19, 2009

MOSCOW, October 2 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the largest mobile phone operator in Russia and the CIS, will be hosting an Analyst and Investor Day on October 19, 2009 in Moscow, Russia. The event will include short presentations by members of senior management followed by moderated Q&A sessions.

    Venue: Ballroom I at The Ritz-Carlton, Tverskaya Street 3, Moscow, Russia
    Event schedule (final schedule is subject to change):

    - 09:00-09:30 - Registration
    - 09:30-09:40 - Introduction
    - 09:40-10:40 - Corporate Strategy 2009+
    - 10:40-10:50 - Coffee break
    - 10:50-11:50 - Overview of the Russian Market
    - 11:50-12:40 - Overview of the Ukrainian Market
    - 12:40-13:30 - Break for lunch
    - 13:30-14:15 - Overview of the MTS CIS Operations
    - 14:15-15:00 - Group Financial Outlook
    - 15:00-15:30 - End of sessions, informal dialogue

MTS will also host an evening reception at the O2 Lounge at The Ritz-Carlton, starting at 21:00, with the members of the Company's management in attendance.

Information regarding obtaining visas to Russia as well as contact details of select hotels and taxi services is available at http://www.mtsgsm.com/resources/analyst_investor_days.

The MTS Investor Relations Department requests that all attending parties confirm their participation to ir@mts.ru or online at http://www.mtsgsm.com/resources/analyst_investor_days/RegistrationForm by October 7, 2009. Confirmation is required for attendance of the Analyst and Investor Day, as well as the evening reception, as overall space is limited.

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

Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 96.17 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www.mtsgsm.com.

    For further information, please contact:
    Investor Relations
    Mobile TeleSystems OJSC
    Tel: +7-495-223-2025
    E-mail: ir@mts.ru

SOURCE MTS Mobile TeleSystems

Mobile TeleSystems (MBT)

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