For Immediate Release

Lotus F1 Team and YotaPhone Partner for Formula 1

YotaPhone Logo is on new Lotus F1 car

January 27, 2014 - The world’s first dual-screen, always-on smartphone will be featured on the legendary British racing team’s revolutionary E22 chassis in races across the globe. Both companies will also cooperate on technology and product development.

“Cooperation with the Lotus F1 Team allows Yota Devices to achieve synergies both to promote our products and to find new solutions for the next generation of devices that rely on the most innovative technology and engineering,” said Yota Devices CEO Vlad Martynov.

“Formula 1 is one of the most competitive world championships combining speed, precision technology and engineering in a constant drive to do the impossible,” added Vlad Martynov.

Lotus Chairman Gerard Lopez said the “Lotus F1 Team has never stood still and we head into what promises to be an exciting 2014 season with an innovative new car, new partners and a new management structure. With this in mind, we are proud to announce that we have concluded an agreement with YotaPhone and its shareholders who will become important partners and sponsors to the Lotus F1 team.”

PDVSA, Renault, Microsoft Dynamics, Total, and Pirelli are other partners backing the Lotus F1 Team. More than 1 billion fans in virtually every country and territory of the world annually view Formula 1.

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About Yota Devices. Yota Devices is dedicated to developing and producing high-tech consumer LTE equipment such as smartphones, modems and routers. The company has sold more than 3 million 4G connectivity devices since its first products went on the market in 2009. The company also developed the world’s first dual-screen, always-on smartphone, YotaPhone, which went on sale in December 2013 in 20 markets in Russia, Europe and Middle East. The company’s headquarters are located in Moscow with offices in Finland, Germany and Singapore.

Contact:

Igor Tolkachev/Evgenia ShipovaKirill Lubnin

The PBN-Hill+Knowlton StrategiesYota Devices

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