(The following press release from MTS was received by e-mail. The sender verified the statement.) Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces that its Board of Directors has recommended the Annual General Meeting (AGM) the following composition of the Board: - Vladimir Evtushenkov - Alexander Goncharuk - Sergei Boev - Brian Dickie - Marc Holtzman - David Iakobachvili - Dmitri Zubov - Robert Kocharyan - Jeannot Krecke - Peter Mandelson - Roger Munnings - Mikhail Shamolin - Serge Tchuruk The Board recommended two new candidates to the Board of Directors – Sergei Boev and Peter Mandelson – who will replace Vyacheslav Kopiev and Evgeny Novitsky. The size of the Board and the level of independent directors will remain unchanged totalling 13 and 8 members, respectively. The agenda for the AGM, scheduled to be held on June 29, 2013, has been updated accordingly. In addition, the Board has also approved the following new appointments to Sistema’s Management Board with effect from June 1, 2013: – Vsevolod Rozanov appointed as Senior Vice-President and Chief Financial Officer; – Alexey Buyanov appointed as First Vice-President, Portfolio Manager; – Alexey Chupin appointed as Vice-President, Portfolio Manager. Vsevolod Rozanov was previously CEO of Sistema Shyam TeleServices Limited (“SSTL”), Sistema’s Indian Telecom subsidiary, where he led the launch of the services and development of the company into one of the leading data players in the country. Prior to his role in India, Vsevolod held CFO positions at MTS, Comstar-UTS and MTU-Inform. The Board of Directors of SSTL earlier approved appointment of Dmitry Shukov as CEO of SSTL. Dmitry formerly held senior management positions at Tele2 Russia and MTS. Alexey Buyanov as First Vice-President will be responsible for Sistema’s portfolio comprised of financial services investments. With over 15 years of financial sector experience, including CFO position at Sistema and Vice-President for Investments and Securities at MTS, Alexey will oversee Sistema’s investments in MTS Bank, East West United Bank and Trust Investment Company and development of other financial instruments for the Group. Alexey Chupin as Vice-President will be responsible for Sistema’s investments in Medsi, and Binnopharm. Alexey was previously CEO of Binnopharm, Sistema’s pharmaceutical business.
SISTEMA JSFC NAMES VSEVOLOD ROZANOV CHIEF FINANCIAL OFFICER
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