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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.

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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.

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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

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JSFC Sistema (SSA)

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Wednesday 23 July, 2008

JSFC Sistema

Statement re ANNUAL INFORMATION UPDATE

JSFC Sistema
                  

                            ANNUAL INFORMATION UPDATE

Moscow, Russia - In accordance with the requirements of Prospectus Rule 5.2,
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 its Annual Information Update, which refers to
information that has been published or made available to the public over the
twelve months ended June 30, 2008.

1. Announcements available on the News section of our website www.sistema.com

-0-
*T
10.07.2007            SISTEMA ANNOUNCES FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2007
---------------------------------------------------------------------------------------------------------------
11.07.2007            MBRD REGISTERED ADDITIONAL SHARES EMISSION
---------------------------------------------------------------------------------------------------------------
13.07.2007            «DETSKY MIR», SUBSIDIARY OF SISTEMA, WILL PAY DIVIDENDS FOR 2006
---------------------------------------------------------------------------------------------------------------
16.07.2007            COMSTAR ESTABLISHES MANAGEMENT BOARD
---------------------------------------------------------------------------------------------------------------
19.07.2007            FITCH UPGRADES SISTEMA TO 'BB-'
---------------------------------------------------------------------------------------------------------------
23.07.2007            FITCH INCREASED MBRD RATING UP TO 'B+'
---------------------------------------------------------------------------------------------------------------
23.07.2007            MOODY'S AND FITCH ASSIGN THE FIRST TIME CREDIT RATINGS TO JSC SISTEMA-HALS
---------------------------------------------------------------------------------------------------------------
                      DETSKY MIR-CENTRE AND INTERNATIONAL MOSCOW BANK SIGNED $30 ML MULTICURRENCY LOAN
24.07.2007             AGREEMENT
---------------------------------------------------------------------------------------------------------------
                      THE BOARD OF DIRECTORS OF OJSC SISTEMA-HALS HAS APPROVED A DEAL TO OBTAIN A CREDIT LINE
30.07.2007             OF US$500 MILLION FROM VTB
---------------------------------------------------------------------------------------------------------------
31.07.2007            SISTEMA BOARD OF DIRECTORS TO CONVENE EGM
---------------------------------------------------------------------------------------------------------------
02.08.2007            SISTEMA BOARD OF DIRECTORS' INCREASED SHAREHOLDINGS
---------------------------------------------------------------------------------------------------------------
15.08.2007            SISTEMA ACQUIRES 20% STAKE IN DALCOMBANK
---------------------------------------------------------------------------------------------------------------
                      TWO REPRESENTATIVES OF SISTEMA AND COMSTAR ARE ELECTED TO BOARD OF DIRECTORS OF
28.08.2007             SVYAZINVEST
---------------------------------------------------------------------------------------------------------------
29.08.2007            COMSTAR COMMENCES OPERATIONS OF ST PETERSBURG BRANCH
---------------------------------------------------------------------------------------------------------------
29.08.2007            IN 2010 'INTOURIST' WILL OPEN A TOURIST COMPLEX IN THE ALTAI REPUBLIC
---------------------------------------------------------------------------------------------------------------
04.09.2007            MTS: FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED
---------------------------------------------------------------------------------------------------------------
04.09.2007            COMSTAR ELECTS NEW BOARD OF DIRECTORS
---------------------------------------------------------------------------------------------------------------
                      COMSTAR - UNITED TELESYSTEMS OJSC FINANCIAL RESULTS FOR THE SECOND QUARTER AND FIRST SIX
05.09.2007             MONTHS OF 2007
---------------------------------------------------------------------------------------------------------------
05.09.2007            JSC SISTEMA-HALS INCREASES ITS HOLDINGS ON THE MOSCOW OBLAST REAL ESTATE MARKET
---------------------------------------------------------------------------------------------------------------
10.09.2007            RTI SYSTEMS ENTERED THE TOP-20 OF RUSSIAN MIC ENTERPRISES
---------------------------------------------------------------------------------------------------------------
11.09.2007            SITRONICS DEPLOYS WiMAX NETWORK TO ZAIN BAHRAIN (FORMER MTC-VODAFONE)
---------------------------------------------------------------------------------------------------------------
11.09.2007            SISTEMA SHARES ARE INCLUDED IN RUSSIAN TRADING SYSTEM INDEX
---------------------------------------------------------------------------------------------------------------
12.09.2007            SITRONICS: UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2007
---------------------------------------------------------------------------------------------------------------
14.09.2007            MTS ENTERS ARMENIA
---------------------------------------------------------------------------------------------------------------
18.09.2007            MTS ANNOUNCES SUBSCRIBER GROWTH NUMBERS FOR AUGUST 2007
---------------------------------------------------------------------------------------------------------------
20.09.2007            SISTEMA EGM APPROVES SHARE SPLIT
---------------------------------------------------------------------------------------------------------------
24.09.2007            SISTEMA-HALS INTENDS TO PARTICIPATE IN 'NEW CITY CENTER' PROJECT IN ASTRAKHAN
---------------------------------------------------------------------------------------------------------------
25.09.2007            SISTEMA SHARES LISTED ON MICEX
---------------------------------------------------------------------------------------------------------------
25.09.2007            SITRONICS PRICES FIRST RUB 3 BILLION BOND ISSUE
---------------------------------------------------------------------------------------------------------------
26.09.2007            SISTEMA ACQUIRES 10% STAKE IN INDIAN TELECOM OPERATOR
---------------------------------------------------------------------------------------------------------------
27.09.2007            SISTEMA-HALS DELIVERS SOLID 21.7% TOP-LINE GROWTH IN H1 2007
---------------------------------------------------------------------------------------------------------------
03.10.2007            SITRONICS ANNOUNCES APPOINTMENT OF NEW PRESIDENT
---------------------------------------------------------------------------------------------------------------
04.10.2007            SISTEMA ANNOUNCES FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2007
---------------------------------------------------------------------------------------------------------------
08.10.2007            MTS ALLOCATED FREQUENCIES TO OFFER 3G PRODUCTS AND SERVICES IN ARMENIA
---------------------------------------------------------------------------------------------------------------
09.10.2007            SISTEMA WARNS TELENOR AND VIMPELCOM AGAINST PURCHASE OF DISPUTED SKY MOBILE ASSETS
---------------------------------------------------------------------------------------------------------------
09.10.2007            MOODY'S UPGRADES MOBILE TELESYSTEMS TO BA2; POSITIVE OUTLOOK
---------------------------------------------------------------------------------------------------------------
10.10.2007            SISTEMA-HALS TO BUILD ELITE RESIDENTIAL PROPERTY IN ZUBOVSKI BOULEVARD DISTRICT
---------------------------------------------------------------------------------------------------------------
17.10.2007            SISTEMA ACQUIRES FURTHER 28% STAKE IN DALCOMBANK
---------------------------------------------------------------------------------------------------------------
23.10.2007            SISTEMA SIGNS SHARE PURCHASE AGREEMENT WITH SHYAM TELELINK LIMITED
---------------------------------------------------------------------------------------------------------------
26.10.2007            MOODY'S UPGRADES SISTEMA TO Ba3
---------------------------------------------------------------------------------------------------------------
                      SISTEMA APPOINTS VITALY SAVELYEV AS FIRST VICE PRESIDENT AND HEAD OF TELECOMMUNICATIONS
29.10.2007             ASSET MANAGEMENT DIVISION
---------------------------------------------------------------------------------------------------------------
30.10.2007            DEVELOPMENT STRATEGY FOR SISTEMA HEALTHCARE SERVICES DIVISION
---------------------------------------------------------------------------------------------------------------
31.10.2007            SHARES IN JSC SISTEMA-HALS ADMITTED TO TRADING ON RTS
---------------------------------------------------------------------------------------------------------------
06.11.2007            SISTEMA REGISTERS SHARE SPLIT
---------------------------------------------------------------------------------------------------------------
06.11.2007            SITRONICS ENTERS INTO STRATEGIC PARTNERSHIP WITH NOKIA SIEMENS NETWORKS
---------------------------------------------------------------------------------------------------------------
12.11.2007            ROLAND ROLLOV IS APPOINTED AS VICE PRESIDENT FOR CIVIL ENGINEERING OF JSC SISTEMA-HALS
---------------------------------------------------------------------------------------------------------------
                      VICTOR SHPRINGEL WAS APPOINTED AS VICE-PRESIDENT OF MBRD, HEAD OF STRATEGY AND
12.11.2007             DEVELOPMENT DEPARTMENT
---------------------------------------------------------------------------------------------------------------
13.11.2007            SISTEMA-HALS OBTAINS A CREDIT LINE OF US$200 MILLION
---------------------------------------------------------------------------------------------------------------
14.11.2007            COMSTAR UTS acquires regional ALTERNATIVE OPERATOR
---------------------------------------------------------------------------------------------------------------
15.11.2007            MTS ANNOUNCES SUBSCRIBER GROWTH NUMBERS FOR OCTOBER 2007
---------------------------------------------------------------------------------------------------------------
20.11.2007            COMSTAR ACQUIRES DIGITAL TELEPHONE NETWORKS
---------------------------------------------------------------------------------------------------------------
21.11.2007             INTOURIST STARTS TO COLLABORATE WITH TS-RETAIL
---------------------------------------------------------------------------------------------------------------
28.11.2007            SISTEMA-HALS INCREASES STAKE IN KAMELIA HEALTH SPA TO 100%
---------------------------------------------------------------------------------------------------------------
                      HSBC RUSSIA (RR) PROVIDES A TRADE FINANCE LINE OF 55MLN US DOLLAR FOR LEADING RUSSIAN
29.11.2007             CHILDREN'S GOODS RETAIL CHAIN DETSKY MIR
---------------------------------------------------------------------------------------------------------------
30.11.2007            MTS CHALLENGES ISLE OF MAN COURT DECISION TO DECLINE JURISDICTION
---------------------------------------------------------------------------------------------------------------
30.11.2007            COMSTAR' FINANCIAL RESULTS FOR THE THIRD QUARTER ANDFIRST NINE MONTHS OF 2007
---------------------------------------------------------------------------------------------------------------
03.12.2007            SISTEMA RECOMMENCES TRADING ON RUSSIAN MARKETS
---------------------------------------------------------------------------------------------------------------
03.12.2007            TS RETAIL AND FITCH HAVE SET UP A NEW RETAIL BRAND TOCHKA
---------------------------------------------------------------------------------------------------------------
06.12.2007            SISTEMA-HALS TO BUILD SECOND 'GORKI-8' DEVELOPMENT ON RUBLEVKA
---------------------------------------------------------------------------------------------------------------
                      SITRONICS ANNOUNCED FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED
06.12.2007             SEPTEMBER 30, 2007
---------------------------------------------------------------------------------------------------------------
07.12.2007            'MTT' GENERAL PERFORMANCE RESULTS OF THE THIRD QUARTER OF THE YEAR 2007
---------------------------------------------------------------------------------------------------------------
10.12.2007            SISTEMA-HALS DELIVERS SOLID 28.8% TOP-LINE GROWTH IN THE FIRST THREE QUARTERS OF 2007
---------------------------------------------------------------------------------------------------------------
11.12.2007            CALL OPTION EXERCISED
---------------------------------------------------------------------------------------------------------------
11.12.2007            COMSTAR AND INTEL TO DEVELOP FIRST MOBILE WIMAX NETWORK IN RUSSIA
---------------------------------------------------------------------------------------------------------------
12.12.2007            SITRONICS LAUNCHES PRODUCTION OF 0.18 MICRON TECHNOLOGY IN ZELENOGRAD
---------------------------------------------------------------------------------------------------------------
12.12.2007            MTS IS A LEADER OF NATIONAL PURCHASES TRANSPARENCY RATING 2007
---------------------------------------------------------------------------------------------------------------
                      SISTEMA-HALS SIGNS PARTNERSHIP AGREEMENT WITH CHINESE STATE COMPANY HEBEI CONSTRUCTION
13.12.2007             GROUP
---------------------------------------------------------------------------------------------------------------
18.12.2007            MTS ACQUIRES BASHCELL
---------------------------------------------------------------------------------------------------------------
19.12.2007            INTOURIST COMPLETED THE FIRST PHASE OF THE DEVELOPMENT PROJECT 'ALTAI'
---------------------------------------------------------------------------------------------------------------
19.12.2007            SISTEMA TO OFFER SIX BILLION RUBLE BOND ISSUE
---------------------------------------------------------------------------------------------------------------
20.12.2007            SISTEMA-HALS SELLS STAKE IN 13 KOSTYANSKY PROJECT TO MIRAX GROUP
---------------------------------------------------------------------------------------------------------------
21.12.2007            SISTEMA ANNOUNCES RESULTS FOR THE Q3 AND THE 9 MONTHS ENDED SEPTEMBER 30, 2007
---------------------------------------------------------------------------------------------------------------
28.12.2007            MBRD СONSOLIDATES 66% OF EWUB
---------------------------------------------------------------------------------------------------------------
28.12.2007            SISTEMA LAUNCHES LONG-TERM INCENTIVE PROGRAM
---------------------------------------------------------------------------------------------------------------
02.01.2008            SISTEMA-HALS CHOOSES A STRATEGIC PARTNER TO DEVELOP THE KAMELIA RESORT COMPLEX IN SOCHI
---------------------------------------------------------------------------------------------------------------
02.01.2008            SISTEMA-HALS SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH APSYS
---------------------------------------------------------------------------------------------------------------
15.01.2008            SISTEMA OBTAINS TELECOMMUNICATION LICENSES IN INDIA
---------------------------------------------------------------------------------------------------------------
18.01.2008            SISTEMA ACQUIRES CONTROL OF SHYAM TELELINK
---------------------------------------------------------------------------------------------------------------
22.01.2008            MTS ANNOUNCES SUBSCRIBER GROWTH NUMBERS FOR DECEMBER 2007
---------------------------------------------------------------------------------------------------------------
24.01.2008            MOODY'S INVESTORS SERVICE CONFIRMED MBRD RATINGS
---------------------------------------------------------------------------------------------------------------
24.01.2008            SITRONICS EXTRAORDINARY SHAREHOLDER MEETING ELECTS NEW BOARD OF DIRECTORS
---------------------------------------------------------------------------------------------------------------
24.01.2008            COMSTAR BUILDS MULTI-SERVICE NGN NETWORK IN UKRAINE
---------------------------------------------------------------------------------------------------------------
                      FEDERAL SERVICE FOR FINANCIAL MARKETS HAS REGISTERED REPORT ON THE ISSUE OF ADDITIONAL
30.01.2008             COMMON STOCKS OF DETSKY MIR - CENTER OJSC
---------------------------------------------------------------------------------------------------------------
30.01.2008            SITRONICS SIGNS CONTRACTS WITH MTS-UKRAINE
---------------------------------------------------------------------------------------------------------------
31.01.2008            COMSTAR TO BUILD FIRST WIMAX NETWORK IN ARMENIA
---------------------------------------------------------------------------------------------------------------
01.02.2008            SERGEY SHMAKOV APPOINTED FIRST VICE PRESIDENT OF JSC SISTEMA-HALS
---------------------------------------------------------------------------------------------------------------
04.02.2008            SISTEMA ACQUIRES FURTHER 50.5% STAKE IN DALCOMBANK
---------------------------------------------------------------------------------------------------------------
04.02.2008            SISTEMA-HALS HAS APPOINTED ANDREY SOLOVYEV AS COMPANY'S FINANCIAL DIRECTOR
---------------------------------------------------------------------------------------------------------------
04.02.2008            SITRONICS ANNOUNCES APPOINTMENT OF NEW HEAD OF TELECOM SOLUTIONS DIVISION
---------------------------------------------------------------------------------------------------------------
                      COMSTAR ANNOUNCES BUSINESS DEVELOPMENT STRATEGY FOR THE SOUTHERN FEDERAL DISTRICT OF
06.02.2008             RUSSIA
---------------------------------------------------------------------------------------------------------------
06.02.2008            SISTEMA COMPLETED THE CREATION OF HEALTHCARE SERVICES HOLDING
---------------------------------------------------------------------------------------------------------------
                      SISTEMA NOTES THAT THE POSTING BY FFMS OF A DOCUMENT REGARDING AN OFFER BY SISTEMA FOR
07.02.2008             URALSIB BANK HAVE NO GROUND
---------------------------------------------------------------------------------------------------------------
11.02.2008            MTS AND MICROSOFT TO WORK TOGETHER TO DELIVER MOBILE SERVICES ACROSS RUSSIA AND CIS
---------------------------------------------------------------------------------------------------------------
                      SISTEMA APPOINTS SERGEY BOYEV AS VICE PRESIDENT FOR DEVELOPMENT OF STATE PROGRAMMES AND
11.02.2008             NON-PUBLIC ASSETS
---------------------------------------------------------------------------------------------------------------
12.02.2008            SISTEMA OPENS OFFICE IN INDIA
---------------------------------------------------------------------------------------------------------------
15.02.2008            MTS ELECTS A NEW BOARD OF DIRECTORS
---------------------------------------------------------------------------------------------------------------
15.02.2008            MTS ANNOUNCES SUBSCRIBER GROWTH NUMBERS FOR JANUARY 2008
---------------------------------------------------------------------------------------------------------------
15.02.2008            MTS INCREASES OWNERSHIP IN ITS OMSK SUBSIDIARY TO 100%
---------------------------------------------------------------------------------------------------------------
19.02.2008            MBRD CLOSES ITS FIRST CAR LOAN SECURITISATION DEAL
---------------------------------------------------------------------------------------------------------------
28.02.2008            COMSTAR LAUNCHES HDTV
---------------------------------------------------------------------------------------------------------------
03.03.2008            SISTEMA CLARIFIES INFORMATION IN CONNECTION TO ITS PROPOSED BOND OFFERING
---------------------------------------------------------------------------------------------------------------
06.03.2008            COMSTAR-UTS APPOINTS VLADISLAV VASIN TO THE POSITION OF GOVERNMENT RELATIONS DIRECTOR
---------------------------------------------------------------------------------------------------------------
06.03.2008            «DETSKY MIR» HAS COMPLETED THE REORGANIZATION OF STORE MANAGEMENT NETWORK
---------------------------------------------------------------------------------------------------------------
11.03.2008            NEWLY APPOINTED COMMERCIAL DIRECTOR OF COMSTAR-UTS
---------------------------------------------------------------------------------------------------------------
13.03.2008            SISTEMA SIGNS PARTNERSHIP AGREEMENT WITH THE REPUBLIC OF BELARUS
---------------------------------------------------------------------------------------------------------------
13.03.2008            SISTEMA PLACES 6 BILLION RUBLE BOND ISSUE
---------------------------------------------------------------------------------------------------------------
17.03.2008             SISTEMA COMPLETES SALE OF SAHLES
---------------------------------------------------------------------------------------------------------------
18.03.2008            JSC COMSTAR-UTS PRESIDENT SERGEY PRIDANTSEV AWARDED THE BEST TOP MANAGER
---------------------------------------------------------------------------------------------------------------
19.03.2008            NIKOLAY MAXIMENKA APPOINTED MGTS GENERAL DIRECTOR, A PART OF COMSTAR-OTS
---------------------------------------------------------------------------------------------------------------
28.03.2008            COMSTAR TO BUILD MULTIMEDIA FTTB NETWORK IN SOCHI
---------------------------------------------------------------------------------------------------------------
31.03.2008            COMSTAR LAUNCHES LONG TERM INCENTIVE PROGRAMME FOR EXECUTIVES
---------------------------------------------------------------------------------------------------------------
03.04.2008            SISTEMA-HALS SELLS 22 ROCHDELSKAYA PROJECT
---------------------------------------------------------------------------------------------------------------
07.04.2008            FITCH RATES OJSC MOBILE TELESYSTEMS (MTS) 'BB+'; OUTLOOK STABLE
---------------------------------------------------------------------------------------------------------------
07.04.2008            SISTEMA OBTAINS RADIO FREQUENCES IN INDIA
---------------------------------------------------------------------------------------------------------------
                      DETSKY MIR AND SISTEMA-HALS ANNOUNCE CLOSURE OF FLAGSHIP DETSKY MIR STORE ON LUBYANKA
08.04.2008             SQUARE FOR RECONSTRUCTION
---------------------------------------------------------------------------------------------------------------
15.04.2008            SISTEMA OBTAINS RADIO FREQUENCIES IN EIGHT ADDITIONAL CIRCLES IN INDIA
---------------------------------------------------------------------------------------------------------------
15.04.2008            SISTEMA REPAYS US$ 350 MILLION EUROBOND ISSUE
---------------------------------------------------------------------------------------------------------------
                      COMSTAR -- UNITED TELESYSTEMS OJSC FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR
17.04.2008             2007
---------------------------------------------------------------------------------------------------------------
21.04.2008            MTS RANKED IN WORLD'S 100 MOST POWERFUL BRANDS
---------------------------------------------------------------------------------------------------------------
28.04.2008            VALUE OF SISTEMA-HALS' SHARE IN PROPERTIES AND DEVELOPMENT PROJECTS RISES BY 30%
---------------------------------------------------------------------------------------------------------------
28.04.2008            SISTEMA-HALS DELIVERS STRONG 59.8%TOP-LINE GROWTH IN 2007
---------------------------------------------------------------------------------------------------------------
29.04.2008            SISTEMA BOARD SETS DATE OF AGM AND RECOMMENDS INCREASED DIVIDEND PAYMENT
---------------------------------------------------------------------------------------------------------------
                      UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED DECEMBER 31,
29.04.2008             2007
---------------------------------------------------------------------------------------------------------------
                      MOSCOW BANK FOR RECONSTRUCTION AND DEVELOPMENT ANNOUNCES RESULTS FOR 2007. CONSOLIDATED
05.05.2008             NET INCOME INCREASED 142%.
---------------------------------------------------------------------------------------------------------------
13.05.2008            SISTEMA SIGNS MEMORANDUM OF UNDERSTANDING WITH DAS HOLDING LLC
---------------------------------------------------------------------------------------------------------------
13.05.2008            FITCH RATINGS CONFIRMS B+ CREDIT RATING FOR SISTEMA-HALS JSC
---------------------------------------------------------------------------------------------------------------
                      SISTEMA ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND THE YEAR ENDED
14.05.2008             DECEMBER 31, 2007
---------------------------------------------------------------------------------------------------------------
15.05.2008            SISTEMA OBTAINS RADIO FREQUENCIES IN TWO ADDITIONAL CIRCLES IN INDIA
---------------------------------------------------------------------------------------------------------------
21.05.2008            SERGEY TISCHENKO HAS BEEN APPOINTED AS PRESIDENT AND CEO OF 'RTI SYSTEMS CONCERN' JSC
---------------------------------------------------------------------------------------------------------------
26.05.2008            SISTEMA-HALS CONCLUDES AGREEMENT WITH LEADING ITALIAN ARCHITECTURAL FIRM
---------------------------------------------------------------------------------------------------------------
27.05.2008            SISTEMA AND CHINESE CORPORATION CPMIEC SIGN AGREEMENT ON COOPERATION
---------------------------------------------------------------------------------------------------------------
29.05.2008            SISTEMA INCREASES ITS STAKE IN SHYAM TELELINK
---------------------------------------------------------------------------------------------------------------
29.05.2008            SISTEMA APPOINTS LEONID MELAMED AS PRESIDENT AND CHIEF EXECUTIVE OFFICER
---------------------------------------------------------------------------------------------------------------
29.05.2008            MTS ANNOUNCES THE APPOINTMENT OF THE NEW CHIEF EXECUTIVE OFFICER
---------------------------------------------------------------------------------------------------------------
02.06.2008            COMSTAR ACQUIRES INTERLINK GROUP IN RYAZAN
---------------------------------------------------------------------------------------------------------------
05.06.2008            COMSTAR - UNITED TELESYSTEMS OJSC FIRST QUARTER 2008 FINANCIAL RESULTS
---------------------------------------------------------------------------------------------------------------
05.06.2008            COMSTAR TO CONSOLIDATE COMSTAR-DIRECT
---------------------------------------------------------------------------------------------------------------
06.06.2008            SISTEMA SIGNS US$ 613.3 MILLION STANDBY LETTER OF CREDIT AND TERM LOAN FACILITY
---------------------------------------------------------------------------------------------------------------
                      CONCERN 'RTI SYSTEMS' HAS ACQUIRED THE MAJORITY SHAREHOLDING OF THE WATT DRIVE GROUP
09.06.2008             (AUSTRIA)
---------------------------------------------------------------------------------------------------------------
                      JSC SITRONICS: SUMMARY UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31,
10.06.2008             2008
---------------------------------------------------------------------------------------------------------------
11.06.2008            INTRACOM TELECOM ENTERS INDIA
---------------------------------------------------------------------------------------------------------------
16.06.2008            SISTEMA-HALS DELIVERS STRONG RESULTS IN THE FIRST QUARTER OF 2008
---------------------------------------------------------------------------------------------------------------
17.06.2008            SISTEMA INCREASES ITS STAKE IN SHYAM TELELINK TO 73.71%
---------------------------------------------------------------------------------------------------------------
18.06.2008            SISTEMA OBTAINS RADIO FREQUENCIES IN FOUR ADDITIONAL CIRCLES IN INDIA
---------------------------------------------------------------------------------------------------------------
*T

2. Announcements made in accordance with the Russian legislation and available
in the newswire http://disclosure.interfax.ru/ and in the Investor Relations
section of our website at www.sistema.com

-0-
*T
14.07.2008   ACCRUED AND/OR DISBURSED YIELD ON SECURITIES
--------------------------------------------------------------------------------
14.07.2008   RESOLUTIONS OF THE ANNUAL GENERAL MEETING
--------------------------------------------------------------------------------
04.07.2008   ON THE SIGNING OF THE CONTRACT BETWEEN THE ISSUER AND THE STOCK
              EXCHANGE OR THE ARRANGER OF THE TRADE ON LISTING OR INCLUDING
              SECURITIES INTO THE LIST OF SECURITIES ADMITTED FOR TRADING
--------------------------------------------------------------------------------
02.07.2008   RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS (SUPERVISORY BOARD)
--------------------------------------------------------------------------------
02.07.2008  ON THE EXPIRY OF THE TERM OF MEMBERS OF THE EXECUTIVE BOARD
--------------------------------------------------------------------------------
30.06.2008  PRESS RELEASE ON THE RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS
--------------------------------------------------------------------------------
27.06.2008  IFRS OR US GAAP FINANCIAL STATEMENT DISCLOSURE
--------------------------------------------------------------------------------
18.06.2008  OTHER PRICE SENSITIVE INFORMATION
--------------------------------------------------------------------------------
18.06.2008  OTHER PRICE SENSITIVE INFORMATION
--------------------------------------------------------------------------------
07.06.2008   ON INCLUDING THE SECURITIES OF THE ISSUER INTO THE LIST OF
              SECURITIES ADMITTED BY THE ARRANGER TO TRADING ON THE SECURITIES
              MARKET AND EXCLUDING THE SECURITIES OF THE ISSUER FROM THE
              MENTIONED LIST
--------------------------------------------------------------------------------
06.06.2008  OTHER PRICE SENSITIVE INFORMATION
--------------------------------------------------------------------------------
29.05.2008  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
29.05.2008   RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS (SUPERVISORY BOARD)
--------------------------------------------------------------------------------
16.05.2008   ON DISCLOSURE OF THE ISSUER'S QUARTERLY REPORT
--------------------------------------------------------------------------------
15.05.2008  IFRS OR US GAAP FINANCIAL STATEMENT DISCLOSURE
--------------------------------------------------------------------------------
29.04.2008   RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS (SUPERVISORY BOARD)
--------------------------------------------------------------------------------
29.04.2008   DATE OF THE CLOSURE OF THE REGISTER
--------------------------------------------------------------------------------
29.04.2008   RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS (SUPERVISORY BOARD)
--------------------------------------------------------------------------------
29.04.2008   ONE-TIME INCREASE/DECREASE OF THE NET PROFIT/ NET LOSS OF THE
              ISSUER BY MORE THAN 10%
--------------------------------------------------------------------------------
29.04.2008   ONE-TIME CHANGE OF THE ASSETS COST BY MORE THAN 10%
--------------------------------------------------------------------------------
01.04.2008   ON DISCLOSURE OF THE ISSUER'S QUARTERLY REPORT
--------------------------------------------------------------------------------
27.03.2008   ONE-TIME CHANGE OF THE ASSETS COST BY MORE THAN 10%
--------------------------------------------------------------------------------
27.03.2008   ONE-TIME INCREASE/DECREASE OF THE NET PROFIT/ NET LOSS OF THE
              ISSUER BY MORE THAN 10%
--------------------------------------------------------------------------------
27.03.2008  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
19.03.2008   ON INCLUDING THE SECURITIES OF THE ISSUER INTO THE LIST OF
              SECURITIES ADMITTED BY THE ARRANGER TO TRADING ON THE SECURITIES
              MARKET AND EXCLUDING THE SECURITIES OF THE ISSUER FROM THE
              MENTIONED LIST
--------------------------------------------------------------------------------
19.03.2008   ON THE SIGNING OF THE CONTRACT BETWEEN THE ISSUER AND THE STOCK
              EXCHANGE OR THE ARRANGER OF THE TRADE ON LISTING OR INCLUDING
              SECURITIES INTO THE LIST OF SECURITIES ADMITTED FOR TRADING
--------------------------------------------------------------------------------
19.03.2008   ON THE SIGNING OF THE CONTRACT BETWEEN THE ISSUER AND THE STOCK
              EXCHANGE OR THE ARRANGER OF THE TRADE ON LISTING OR INCLUDING
              SECURITIES INTO THE LIST OF SECURITIES ADMITTED FOR TRADING
--------------------------------------------------------------------------------
13.03.2008  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
13.03.2008  TERMS OF THE EXECUTION OF COMMITMENTS TO SHAREHOLDERS
--------------------------------------------------------------------------------
13.03.2008  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
11.03.2008   RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS (SUPERVISORY BOARD)
--------------------------------------------------------------------------------
07.03.2008  BEGINNING OF PLACEMENT OF EQUITY SECURITIES
--------------------------------------------------------------------------------
22.02.2008  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
06.02.2008   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
06.02.2008   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
06.02.2008   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
04.02.2008   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
29.01.2008  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
22.01.2008   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
19.12.2007  ON THE APPROVAL OF THE DECISION ON THE ISSUANCE OF EQUITY SECURITIES
--------------------------------------------------------------------------------
19.12.2007  ON THE DECISION MADE ON THE PLACEMENT OF EQUITY SECURITIES
--------------------------------------------------------------------------------
07.12.2007   ON INCLUDING THE SECURITIES OF THE ISSUER INTO THE LIST OF
              SECURITIES ADMITTED BY THE ARRANGER TO TRADING ON THE SECURITIES
              MARKET AND EXCLUDING THE SECURITIES OF THE ISSUER FROM THE
              MENTIONED LIST
--------------------------------------------------------------------------------
07.12.2007   ON INCLUDING THE SECURITIES OF THE ISSUER INTO THE LIST OF
              SECURITIES ADMITTED BY THE ARRANGER TO TRADING ON THE SECURITIES
              MARKET AND EXCLUDING THE SECURITIES OF THE ISSUER FROM THE
              MENTIONED LIST
--------------------------------------------------------------------------------
07.12.2007   ON THE SIGNING OF THE CONTRACT BETWEEN THE ISSUER AND THE STOCK
              EXCHANGE OR THE ARRANGER OF THE TRADE ON LISTING OR INCLUDING
              SECURITIES INTO THE LIST OF SECURITIES ADMITTED FOR TRADING
--------------------------------------------------------------------------------
03.12.2007  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
19.11.2007   ON DISCLOSURE OF THE ISSUER'S QUARTERLY REPORT
--------------------------------------------------------------------------------
14.11.2007  COMPLETION OF THE PLACEMENT OF EQUITY SECURITIES
--------------------------------------------------------------------------------
14.11.2007  BEGINNING OF THE PLACEMENT OF EQUITY SECURITIES
--------------------------------------------------------------------------------
08.11.2007  BEGINNING OF THE PLACEMENT OF EQUITY SECURITIES
--------------------------------------------------------------------------------
06.11.2007  NOTIFICATION ON THE REBUTTAL AND CORRECTION OF THE PREVIOUSLY
             PUBLISHED INFORMATION
--------------------------------------------------------------------------------
06.11.2007  ON OBTAINING A PERMIT FROM THE FEDERAL SERVICE FROM FINANCIAL
             MARKETS (RUSSIA) FOR TRADING AND/OR PLACEMENT OF SECURITIES OUTSIDE
             THE RUSSIAN FEDERATION
--------------------------------------------------------------------------------
06.11.2007  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
31.10.2007   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
29.10.2007   ONE-TIME INCREASE/DECREASE OF THE NET PROFIT/ NET LOSS OF THE
              ISSUER BY MORE THAN 10%
--------------------------------------------------------------------------------
17.10.2007   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
26.09.2007  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
26.09.2007   ON INCLUDING THE SECURITIES OF THE ISSUER INTO THE LIST OF
              SECURITIES ADMITTED BY THE ARRANGER TO TRADING ON THE SECURITIES
              MARKET AND EXCLUDING THE SECURITIES OF THE ISSUER FROM THE
              MENTIONED LIST
--------------------------------------------------------------------------------
21.09.2007   ON THE SIGNING OF THE CONTRACT BETWEEN THE ISSUER AND THE STOCK
              EXCHANGE OR THE ARRANGER OF THE TRADE ON LISTING OR INCLUDING
              SECURITIES INTO THE LIST OF SECURITIES ADMITTED FOR TRADING
--------------------------------------------------------------------------------
20.09.2007  INFORMATION ON THE PROCEDURE OF SECURITIES ISSUE
--------------------------------------------------------------------------------
20.09.2007   RESOLUTION OF THE GENERAL MEETING
--------------------------------------------------------------------------------
31.08.2007   ACCRUED AND/OR DISBURSED YIELD ON SECURITIES
--------------------------------------------------------------------------------
15.08.2007   ON THE PURCHASE OF THE SHARE IN THE CHARTER CAPITAL OR PURCHASE OF
              THE COMMON SHARES OF THE OTHER COMMERCIAL ORGANIZATION,
              REPRESENTING NOT LESS THAN 5%, AS WELL AS THE CHANGE OF SUCH A
              SHARE
--------------------------------------------------------------------------------
15.08.2007   ON DISCLOSURE OF THE ISSUER'S QUARTERLY REPORT
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
02.08.2007  ON THE CHANGES IN PARTICIPATION IN THE CHARTER CAPITAL AND/OR IN THE
             OWNERSHIP OF THE ISSUER, ITS SUBSIDIARIES AND AFFILIATES, WHICH ARE
             PART OF THE ISSUER'S EXECUTIVE BODY
--------------------------------------------------------------------------------
31.07.2007   DATE OF THE CLOSURE OF THE REGISTER
--------------------------------------------------------------------------------
31.07.2007   RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS (SUPERVISORY BOARD)
--------------------------------------------------------------------------------
20.07.2007   ONE-TIME INCREASE/DECREASE OF THE NET PROFIT/ NET LOSS OF THE
              ISSUER BY MORE THAN 10%
--------------------------------------------------------------------------------
*T

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

-0-
*T
Sistema Investor Relations                                            Shared Value Limited
Pavel Kim                                                             Larisa Kogut-Millings
Tel: +7 495 692 22 88                                                 Tel: +44 (0) 20 7321 5037
ir@sistema.ru                                                         sistema@sharedvalue.net

Head of International Press Office
Kirill Semenov
Tel: +7 495 730 71 88
ksemenov@sistema.ru
*T

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 100 million customers. Sistema develops and manages market-leading
businesses in selected service-based industries, including telecommunications,
technology, banking, real estate, retail, media, tourism and healthcare. Founded
in 1993, the company reported unaudited revenues of US$ 3.8 billion for the
first quarter of 2008, and total assets of US$ 30.3 billion as at March 31,
2008. Sistema's shares are listed under the symbol 'SSA' on the London Stock
Exchange, under the symbol 'AFKS' on the Russian Trading System (RTS), under the
symbol 'AFKC' on 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. 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.