VivaCell-MTS has become a member of the Institute of Internal Auditors - Armenia

The meeting of the board members of the Institute of Internal Auditors-Armenia with VivaCell-MTS General Manager and employers took place in the Company 
headquarters, the press office of VivaCell-MTS has told ArmInfo. President of IIA-Armenia, Chief Audit Executive of the Central Bank 
of Armenia Ara Chalabyan and VivaCell-MTS General Manager Ralph Yirikian announced about VivaCell-MTS membership in the Institute of Internal Auditors- Armenia.

"It is difficult to overestimate the importance of internal audit in ensuring effective and transparent business administration. To say it 
in medical terms, internal audit is the early detection and prevention of problems. It is aimed at revealing risks at different 
levels as well as incompliances to internal regulations and procedures and to the RA legislation," VivaCell-MTS General Manager Ralph Yirikian said.

Ara Chalabyan spoke about the importance of the initiatives of the IIA in boosting the corporate governance culture in Armenia and 
presented to VivaCell-MTS employees the achievements of the Central Bank of Armenia in the sphere of internal audit as well as the 
mission and objectives of the Institute of Internal Auditors-Armenia as a non- governmental organization working on voluntary basis.

It was also announced that the second international conference of the IIA-Armenia under the topic "How to drive changes" will take place on 
September 15-16, 2016 in Yerevan.  VivaCell-MTS General Manager Ralph Yirikian, Senior Vice-Chair of IIA-Global Angela Witzany and Deputy 
Governor of the Central Bank of Armenia Vakhtang Abrahamyan will make opening speeches (details on conf2016.iia.am website).

The meeting was followed by a Q/A session with Ara Chalabyan. The speaker emphasized the importance of presenting Armenia in 
international professional platforms as a country with innovative solutions in the sphere of governance.

Institute of Internal Auditors-Armenia NGO was founded in 2013 (www.iia.am).  Currently it has 165 members from 57 organizations 
(including 5 VivaCell-MTS employees). IIA-Armenia is a full member of the Institute of Internal Auditors-Global that unites 105 affiliates 
all over the world. In the CIS, also Russia and Ukraine are IIA- Global affiliates, besides Armenia.

VivaCell-MTS (K-Telecom CJSC) is Armenia's leading telecommunications operator, having the widest 2G/3.75G/4G network reach and spreading a 
wide range of Voice and Data services all across Armenia. Having the best of the Armenian people interest at heart since its launch on 1st 
July 2005 and in a short period of time VivaCell-MTS has managed to build a nationwide network and a considerable customer base. 
VivaCell-MTS drives innovation and aims at always being at the forefront of any development serving the Armenian mobile 
communications market.  The company follows the guidance provided by ISO 26000 (International Standard of Social Responsibility) and 
ISO/IEC 27001:2013 (Information Security Management System). 

Mobile TeleSystems OJSC ("MTS") is the leading telecommunications group in Russia and the CIS, offering mobile and fixed voice, 
broadband, pay TV as well as content and entertainment services in one of the world's fastest growing regions. Including its 
subsidiaries, the Group services over 100 million mobile subscribers. The Group has been awarded GSM licenses in Russia, Ukraine, 
Turkmenistan, Uzbekistan, Armenia 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).