SSA: JSFC Sistema: Statement re SISTEMA ACQUIRES MTS SHARES

  SSA: JSFC Sistema: Statement re SISTEMA ACQUIRES MTS SHARES

UK Regulatory Announcement

MOSCOW

FOR IMMEDIATE RELEASE December 27, 2013

                         SISTEMA ACQUIRES MTS SHARES

Moscow, Russia – December 27, 2013 – Sistema JSFC ("Sistema") (LSE: SSA), the
largest publicly-traded diversified holding company in Russia and the CIS,
today announces that its wholly owned subsidiary Sistema Finance SA has
acquired 6,730,360 of MTS ordinary shares, representing 0.3% of charter
capital, on the open market between the period of December 3 and December 18,
2013 for a total consideration of approximately US$ 64 million. As a result,
Sistema’s effective shareholding in MTS has increased to 53.47%^1. MTS shares
were purchased for general corporate purposes.

                                     ***

For further information, please visit www.sistema.com or contact:

Investor Relations        Public Relations

Evgeniy Chuikov           Eleonora Veitsman
                        
Tel.: +7 (495) 692 1100   Tel.: +7 (495) 730 17 05

ir@sistema.ru             pr@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$ 9.3 billion for the third quarter of 2013, and total assets of
US$ 44.4 billion as at September 30, 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 2012 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.

^1 Voting stake is 55.2%

Contact:

JSFC Sistema
 
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