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JSFC Sistema (SSA)

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Monday 03 December, 2007

JSFC Sistema

Sistema Recommences Trading on Russian Markets

JSFC Sistema

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 will recommence trading in its shares on the
Russian stock exchanges within a week from today.

On November 8, 2007, trading in Sistema shares was suspended in connection with
a share split of 1,000 times. On November 29, 2007, the Federal Financial
Markets Service (FFMS) registered the Company's report on the share split, as a
necessary precondition for shares recommencing trading at the new price
following the split. The Sistema share split has been carried out as part of a
programme aimed at increasing liquidity of the Company's shares on the Russian
market. As a result, Sistema's charter capital was split into 9,650,000,000
ordinary shares, with each having a nominal value of 0.09 rubles.

For further information, please visit or contact:

Sistema Investor Relations                  Shared Value Limited
Laila Simanova                              Larisa Kogut-Millings
Tel: +7 495 629 2741                        Tel: +44 (0) 20 7321 5010                     

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.