SSA: JSFC Sistema: Notice of AGM UK Regulatory Announcement MOSCOW SISTEMA'S BOARD ANNOUNCES DATE OF AGM AND RECOMMENDS DIVIDEND PAYMENT Moscow, Russia - April 23, 2013 - Sistema JSFC ("Sistema") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that its Board of Directors (the "Board") has set the date for the Annual General Meeting of Shareholders ("AGM") for June 29, 2013. The agenda of the Meeting includes the following items: *Approval of the Meeting's procedures and order; *Approval of the Company's Annual Report and annual financial statements for 2012, including the profit and loss statement; *Approval of the distribution of profit and the amount, terms, form and timing of the dividend payment on Sistema shares for 2012; *Election of members of the Audit Commission; *Election of members of the Board of Directors; *Approval of Sistema's auditors. Sistema's Board is recommending to the AGM to set the total amount of dividend payment on Sistema's shares for 2012 at RUB 9.264 billion, representing a payment of RUB 0.96 per ordinary share. The total proposed dividend payment has been determined on the basis of Sistema's full year 2012 US GAAP net income and the corporate centre's net gain from disposal of assets in 2012. The dividend is due to be paid within a 60-day period following the AGM's approval. Dividend payments to shareholders are settled by bank transfer into accounts, the details of which to be provided by shareholders. Shareholders registered as at the record date of May 20, 2013 will be eligible toparticipate in the AGM and entitled to receive a dividend payment following the AGM's approval. The AGM materials will be available from May 29, 2013 on Sistema's website at www.sistema.com or by request from Sistema's head office during working hours. In addition, the Board of Directors is recommending that the AGM approves Deloitte&Touche CIS as the Company's US GAAP and Russian Accounting Standard auditors in 2013. The AGM will be held at the Corporate office’s conference center (Moscow, Mokhovaya str. 13) at 11 AM Moscow Time. Mikhail Shamolin, President and CEO of Sistema commented: “Today's announcement is a significant milestone which highlights our track record of generating strong cashflow to the holding level and increasing shareholder return. The dividends approved by the Board amount to over 3% yield on Sistema's stock, a substantial growth on past periods. This reinforces our intention to establish a progressive dividend story for the Company.” *** For further information, please visit www.sistema.com or contact: Investor Relations Public Relations Evgeniy Chuikov Vsevolod Sementsov Tel.: +7 (495) 692 1100 Tel.: +7 (495) 730 1705 firstname.lastname@example.org email@example.com Sistema is the largest publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of US$ 34.2 billion for the full year of 2012, and total assets of US$ 44.7 billion as at December 31, 2012. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the MICEX-RTS Stock Exchange, and under the symbol "SIST" on the Moscow Stock Exchange (MSE). Sistema was ranked number 315 in the 2011 edition of the Fortune Global 500 list. Website: www.sistema.com The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. In addition, there is no assurance that the new contracts entered into by our subsidiaries referenced above will be completed on the terms contained therein or at all. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations. Contact: JSFC Sistema
SSA: JSFC Sistema: Notice of AGM
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