Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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JSFC Sistema (SSA)

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Friday 09 December, 2005

JSFC Sistema

Sistema's Top Management and Directors Receive ...

JSFC Sistema

Sistema (LSE: SSA), the largest private sector consumer services company in
Russia and the CIS, announced today that the company's CEO and controlling
shareholder, Vladimir Evtushenkov, distributed a part of his stake representing
a total of 1% of all shares outstanding to the company's directors and top
management. In this way, Mr. Evtushenkov has made a personal contribution
towards the incentive program for the company's Board members and top

As a result, the senior executives below received the following shareholdings:

Vyacheslav Kopiev, Deputy Head of the Board of Directors:   0.2%
Mr. Kopiev joined Sistema as Vice President in 1997. He has been a Director
since 2001 and in 2003 became Deputy Chairman of the Board.
Nikolay Mikhailov, Member of the Board of Directors:                  0.1%
Mr. Mikhailov has been a Member of the Board of Sistema since 2000 and in 2001
served as Adviser to the Chairman.
Levan Vasadze, First Vice-President, Chief Strategy Officer:          0.3%
Mr. Vasadze joined Sistema in 1998 as Vice President and in 2000 was appointed
First Vice President, Head of Strategy and Development of Sistema.
Alexey Buyanov, Senior Vice-President, CFO:                           0.2%
Mr. Buyanov joined Sistema in 1994 and initially occupied various posts at the
Property Complex. Having also worked at MTS in the capacity of Vice President,
in 2002 Mr. Buyanov became Senior Vice President and Chief Financial Officer..
Sergey Drozdov, Senior Vice-President, Head of Property:              0.2%
Mr. Drozdov has been working with Sistema since 1995, where he managed the
Department of Development and Investments. In September 2002, he became Director
and Senior Vice President, Head of Property.

For further information, please visit or contact:

Sistema Investor Relations                             Shared Value Limited
Alexei Kurach                                          Matthew Hooper
Tel: +7 095 730 1543                                   Tel. +44 (0) 20 7321 5023                            

Sistema is the largest private sector consumer services company in Russia and
the CIS, with over 50 million customers. Sistema develops and manages
market-leading businesses in selected service-based industries, including
telecommunications, technology, insurance, banking, real estate, retail and
media. Founded in 1993, the company reported revenues of US$ 3.4 billion for the
first six months of 2005, and total assets of US$ 11.6 billion as at June 30,
2005. Sistema's shares are listed under the symbol 'SSA' on the London Stock
Exchange, under the symbol 'AFKS' on the Russian Trading System (RTS), and under
the symbol 'SIST' on the Moscow Stock Exchange(MSE).

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.