Directors’ Responsibility Statement
The Directors are responsible for preparing annual accounts for each of the financial years of the
Company, and to ensure that they present fairly, in all material respects, the assets, liabilities,
financial position and profit or loss of the Company.
The Board of MegaFon confirms that to the best of its knowledge:
- The consolidated financial statements, prepared in accordance with International Financial
Reporting Standards as of 31 December 2016 and 2015, and also for the years ended on those
dates, including the consolidated statements of financial position, consolidated statements of
comprehensive income, cash flows, changes in equity and notes to the consolidated financial
statements, present fairly, in all material respects, the state of affairs of MegaFon in accordance
with International Financial Reporting Standards.
- The Business Review contained in MegaFon’s Annual Report for 2016 gives a fair view of the
performance of the business, and specifically the operational results of MegaFon, of its efforts to
meet its strategic objectives, and of the risks and uncertainties faced by the business, as well as
other events which in the near future may have an impact on the operations of the Company.
On behalf of the Board
Chairman of the Board