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JSFC Sistema (SSA)

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Tuesday 06 November, 2007

JSFC Sistema


JSFC Sistema

                          SISTEMA REGISTERS SHARE SPLIT

Sistema (LSE:SSA), the largest public diversified corporation in Russia and the
CIS, which manages fast growing companies operating in the consumer services
sector, today announced that it has registered its share issue with the Federal
Financial Markets Service ('FFMS'), which is the result of the previously
announced split of the nominal value of the Company's ordinary shares by 1,000
times. The share split is being implemented with the objective of raising
liquidity levels in the trading of Sistema's shares in Russia.

After the split is completed, the number of outstanding shares will increase to
9,650,000,000 ordinary shares, with a par value of RUB 0.09 per share. The
Company's share capital will remain RUB 868,500,000. State registration number
1-05-01669-A has been assigned to the share split.

Sistema's share split will be effected on the record date of November 13, 2007.
The RTS, MICEX and MSE stock exchanges will temporarily suspend trading in
Sistema's shares in Russia, pending the registration of the report on the
results of the share split by the FFMS.

For further information, please visit or contact:

Sistema Investor Relations                                                                        Shared Value Limited
Laila Simanova                                                                                          Matthew Hooper
Tel: +7 495 629 2741                                                                         Tel: +44 (0) 20 7321 5023                                                                        

Head of International Press Office
Kirill Semenov
Tel: + 7 495 730 71 88

Sistema is the largest public diversified corporation in Russia and the CIS,
which manages fast growing companies operating in the consumer services sector
and has over 80 million customers. Sistema develops and manages market-leading
businesses in selected service-based industries, including telecommunications,
technology, banking, real estate, retail and media. Founded in 1993, the company
reported revenues of US$ 5.9 billion for the first half of 2007, and total
assets of US$ 22.5 billion as at June 30, 2007. 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 the Moscow Interbank Currency Exchange
(MICEX), 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.

Information contained in this announcement does not constitute a public offer or
an advertisement of securities in Russia, is not an offer, or an invitation to
make offers, to purchase any securities in Russia. The reverse convertible
certificates have not been and will not be registered in Russia and are not
intended for 'placement' or 'public circulation' in Russia.