SSA: JSFC Sistema: Notice of AGM UK Regulatory Announcement MOSCOW BOARD AND MANAGEMENT APPOINTMENTS Moscow, Russia – May 30, 2013 – Sistema JSFC (“Sistema”, the “Group” or the “Company”) (LSE: SSA), 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 TeleService 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. Biographical Information: Sergei Boev is currently CEO of RTI. Sergei graduated from the All-Union Juridical Institute, the Moscow Management University n.a. S. Ordzhonikidze, and completed graduate courses at USSR State Planning Committee. From 1971 to1999, he worked in the Mints Radio Technology Institute, establishing a career from apprentice to CEO. Since 2000, Sergei held CEO and Board positions at RTI Concern. From 2008 to 2011, Sergei was Vice- President of Sistema responsible for non-public assets and high-technology division. In 2008, he was appointed Chief Designer of Prefabricated Radar Stations. In 2012, Sergei was appointed Chief Designer of the National Missile Warning System. Lord (Peter) Mandelson is a former European Trade Commissioner and British First Secretary of State. He was the European Trade Commissioner between 2004 and 2008, when he negotiated trade agreements with many countries and led European negotiations in the WTO Doha World Trade Round. He was a Minister without Portfolio, Secretary of State for Trade and Industry, Northern Ireland Secretary and Secretary of State for Business, Innovation and Skills in the British government under Tony Blair and Gordon Brown between 1997 and 2010. He was a Member of Parliament for Hartlepool in the UK from 1992 until 2004 and Director of Campaigns and Communications for the Labour party between 1985 and 1990. He is also President of the Policy Network think tank, Chairman of Global Counsel and Chairman of Lazard International. *** For further information, please visit www.sistema.com or contact: Investor Relations Public Relations Evgeniy Chuikov Yulia Belous Tel.: +7 (495) 692 1100 Tel.:+7 (495) 730 1705 email@example.com firstname.lastname@example.org 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. 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. 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. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies. Contact: JSFC Sistema
SSA: JSFC Sistema: Notice of AGM
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