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”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

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.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

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.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

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.

ACCESS TO YOUR INFORMATION AND CORRECTION

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.

WHERE WE STORE YOUR PERSONAL DATA

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.

CHANGES TO OUR PRIVACY POLICY

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.

OTHER WEBSITES

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.

CONTACT

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

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ERR (SSA)

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Thursday 22 June, 2006

ERR

Acquisition

JSFC Sistema
                  

June, 22, 2006

                    Sitronics and Intracom Holdings
           Announce That They Have Reached a Final Agreement

Moscow, Russia and Athens, Greece - June, 22, 2006 - Following their joint
announcement of February, 13, 2006, SISTEMA (LSE:SSA) and INTRACOM HOLDINGS SA
(ASE:INTRK), Concern SITRONICS, the technology arm of SISTEMA and INTRACOM
HOLDINGS announce that today they have reached a final agreement for the
acquisition by Concern SITRONICS of a 51% stake in INTRACOM TELECOM for EUR 120
million. The stocks transfer is expected to take place by June 30, 2006.

INTRACOM TELECOM is a fully owned subsidiary of INTRACOM HOLDINGS providing
complete telecommunications solutions and services in the EEMEA (Eastern Europe,
Middle East and Africa) region. INTRACOM TELECOM, through its R&D activity, has
developed and manufactured a full portfolio of advanced technological products
in the areas of broadband fixed and wireless access and transmission systems, as
well as content delivery systems (IPTV, triple-play).

Concern SITRONICS will integrate the company into its Telecom Solutions
Division, whose primary focus is currently on switching equipment, billing
systems and NGN, aiming to achieve full scale synergies from INTRACOM TELECOM's
complementary product lines, system integration capabilities and customer base.

For further information, please visit www.sistema.com, www.sitronics.com,
www.intracom.com or contact:
SITRONICS Public Relations                  SISTEMA Investor Relations                    Shared Value Limited
Elena Sanarova                              Alexei Kurach                                 Matthew Hooper
Tel: +7 495 225 0030                        Tel: +7 495 629 2741                          Tel. +44 (0) 20 7321 5023
sanarova@sitronics.com                      kurach@sistema.ru                             sistema@sharedvalue.net

INTRACOM HOLDINGS                           INTRACOM HOLDINGS                             INTRACOM HOLDINGS
Dimitris Klonis                             Manolis Terrovitis                            Ioannis Mantzaris
General Manager,                            Finance Department                            Investor Relations
Executive Member BoD
Tel:+30-210-667 1991                        Tel: +30-210-667 1081                         Tel: +30-210-667 9902
dklo@intracom.gr                            mter@intracom.gr                              iman@intracom.gr

INTRACOM HOLDINGS                           INTRACOM HOLDINGS
Christina Geronicola                        Vivian Tsamadou
Communications Director                     Media Relations Manager
Tel: +30-210-667 4747                       Tel: +30-210-667-7121
christina.geronicola@intracom.com           vtsa@intracom.com

About SISTEMA

Sistema is the largest private sector consumer services company in Russia and
the CIS, with over 60 million customers. Sistema portfolio includes
market-leading businesses in selected service-based industries, including
telecommunications, technology, insurance, banking, real estate, retail and
media. Founded in 1993, the company reported in 2005 revenues of US$ 7.6 billion
and total assets of US$ 13 billion. 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).

About CONCERN SITRONICS

Concern SITRONICS, headquartered in Moscow, Russia is the technology arm of
Sistema active in four core segments: Telecom equipment manufacturing & software
development (Telecom Solutions), Information Technologies, Microelectronic
Components, Consumer Electronics. Founded in 1997, the company reported in 2005
reveneus $954,9 mln and total assets $567,8 mln. SITRONICS has production
facilities in Moscow, Kiev, Prague and several other East European cities.
Sitronics has 6 700 emploees. Its products are sold in Western and Easter
Europe, Russia and CIS, North America, Middle East and South-East Asia.

About INTRACOM HOLDINGS

INTRACOM SA was founded in 1977, has been listed on the Athens Stock Exchange
since 1990, and is included in the FTSE/ASE-20 LargeCap index. On December 2005,
the Group reorganized, creating INTRACOM HOLDINGS, one of the largest Greek
multinational holding Groups, active in telecommunications, e-government,
banking and enterprise, defense electronic systems, and construction. The
Group's major subsidiaries are: INTRACOM TELECOM, INTRACOM DEFENSE ELECTRONICS,
INTRACOM IT SERVICES, INTRAKAT and H.O.L. INTRACOM HOLDINGS Group has 5,700
employees, exports to 60 countries, and operates subsidiaries in 19 countries.

About INTRACOM TELECOM

INTRACOM TELECOM is a subsidiary of INTRACOM HOLDINGS. The company is a leading
telecommunications equipment vendor and solutions provider for fixed and mobile
operators. The company delivers end-to-end future proof solutions, implements
large-scale turn-key projects and provides a wide range of professional and
outsourcing services to telecommunications operators. INTRACOM TELECOM operates
subsidiaries in 12 countries and, together with them, is active in more than 50
countries, strategically aiming to the area of South Eastern Europe, Middle East
and North Africa.

###

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.