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The Bank will be able to issue cards of the above International payment system,both magnetic-stripe cards and chip cards,as well as to accept cardsthrough ATMs and POS terminals, and to exchange transaction data with the payment system.

A possibility of issuing and processing new card types is the enhancement of payment card acceptance infrastructure, allowing to attract a wider audience of cardholders, thus satisfying cardholder needs and demand for financial services, for example, when paying with a card abroad (while on business, travels, studies etc.).

A set of services provided by Tieto will allow the Bank to offer its clients a wide range of payment card types, as well as to ensure its current and potential clients with the best service package based on customer needs.

“Nowadays, UnionPayis the major card organization in the financial services market, having critical influence on the global economic prospects. For the Bank,issuing and acceptance of this payment system is an opportunity to prove to be successful on the market of payment services, and to expand the narrow circle of banks working with the abovementioned payment systemin the territory of the Russian Federation”, said Maris Ozolins, Head of Cards at Tieto Financial Services.

«In 2012, MTS Bank began issuing UnionPay cards exclusively for the Far East region, becoming the first Russian bank to emit cards for settlements in Yuan. Currently MTS Bank is expanding its range of card products in all regions of its presence. The card can be purchased as a primary card or as a supplementary one to VISA or MasterCard in rubles, US dollars or euros. It can be both personalized oranonymous. All modern complementary services such as mobile banking, online banking are provided for free at the time of UnionPay card purchase. Cards are accepted worldwide and offer all the benefits of widespread global payment systems", commented Elena Voronina, Deputy Chairman of the Management Board at OJSC MTS Bank.

For further information please contact:

Maris Ozolins, Head of Cards, Tieto Financial Services, phone: +371 67510000

Elena Voronina, Deputy Chairman of the Management Board, OJSC “MTS Bank”, phone: +7(495)921-28-00

Tieto is the largest Nordic IT services company providing full life-cycle services for both private and public sectors. The company has global presence through its product development business and the delivery centers.

Tieto is committed to develop enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.

Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in approximately 20 countries with net sales at approximately EUR 1.6 billion. Tieto’s shares are listed on NASDAQ OMX in Helsinki and Stockholm. www.tieto.com

Open Joint-Stock Company MTS Bank(previouslyJSCBMBRD(OJSC)) is a universal commercial bank of the federal level, one of the largest banks in Russia operating since 1993. The principal shareholder of the group is Sistema JSFC. MTS Bankprovides a full range of services to private persons, comprehensive services to corporate clients, small and medium-sized businesses, as well as actively works in the market of investment services. The branch network of MTS Bank covers 90 residential places in more than 42 largest regions of Russia and has a representation office in Luxembourg (East-West United Bank S.A.). On 13 February 2012, a general license No 2268 of the