SSA: JSFC Sistema: Director/PDMR Shareholding

  SSA: JSFC Sistema: Director/PDMR Shareholding

UK Regulatory Announcement

MOSCOW

            SHAREHOLDINGS ALLOCATED TO SISTEMA BOARD OF DIRECTORS

Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), the largest
publicly-traded diversified holding company in Russia and the CIS, today
announces new allocations to the Sistema Board of Directors’ shareholdings in
the Company.

In line with the remuneration structure for the members of Sistema’s Board of
Directors, shareholdings in the Company of six members have been increased by
121,010 shares and by 115,691 shares for each of five other board members
(three of whom received shares for the first time).

Each allocation represents approximately 0.0013% of the 9,650,000,000 total
shares issued.

Based on the closing GDR price on the London Stock Exchange as of July 11,
2013 of US$ 20.65 per GDR, this equates to an indicative value of
approximately US$ 1.347 million.

  *Chairman of the Board Vladimir Evtushenkov’s shareholding in the Company
    has increased from 64.1843% to 64.1855%;
  *Deputy Chairman of the Board Alexander Goncharuk’s shareholding in the
    Company has increased from 1.0077% to 1.0089%;
  *Independent Director, Brian Dickie, who did not previously hold any shares
    in the Company, now has a shareholding of 0.0013%;
  *Director Dmitry Zubov’s shareholding in the Company has increased from
    0.9939% to 0.9951%;
  *Independent Director Robert Kocharyan’s shareholding in the Company has
    increased from 0.0032% to 0.0045%;
  *Independent Director Jeannot Krecké’s shareholding in the Company has
    increased from 0.0004% to 0.0017%;
  *Independent Director Roger Munnings’ shareholding in the Company has
    increased from 0.0022% to 0.0035%;
  *Independent Director Marc Holtzman, who did not previously hold any shares
    in the Company, now has a shareholding of 0.0013%;
  *Independent Director Serge Tchuruk’s shareholding in the Company has
    increased from 0.0013% to 0.0026%;
  *Executive Director Mikhail Shamolin’s shareholding in the Company has
    increased from 0.0545% to 0.0557%;
  *Independent Director David Iakobashvili’s shareholding in the Company has
    increased from 0.0031% to 0.0043%.

                                     ***

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

                          pr@sistema.ru
ir@sistema.ru

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$ 8.3 billion for the first quarter of 2013, and total assets of
US$ 44.9 billion as at March 31, 2013. 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 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
 
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