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JSFC Sistema (SSA)

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Wednesday 28 December, 2011

JSFC Sistema

Statement re RUSNANO FOUNDATION FOR INFRASTRUCT...

Statement re RUSNANO FOUNDATION FOR INFRASTRUCTURE AND EDUCATIONAL PROGRAMMES AND ROSATOM BECOME SHAREHOLDERS OF SISTEMA’S SAROV TECHNOPARK

JSFC Sistema

Moscow, Russia – December 28, 2011 – Sistema JSFC (“Sistema”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announces that the State Atomic Energy Corporation Rosatom (“Rosatom”) and Rusnano Foundation for Infrastructure and Educational Programmes have each acquired a stake in CJSC Sarov Technopark (“Sarov Technopark”), a subsidiary of Sistema, through an additional share issue.

Rosatom, via its subsidiary OJSC Technopark Technolgy, and Rusnano Foundation for Infrastructure and Educational Programmes, have each acquired a 25% +1 share stake in Sarov Technopark for approximately RUB 200 million respectively. As a result of this transaction, Sistema will retain a 50% -2 shares stake in the re-formed charter capital of Sarov Technopark. Both parties will acquire the rights of shareholders of the technology park after the Federal Service for Financial Markets registers a report following the additional issue of the Technopark’s shares.

Mikhail Shamolin, President and Chief Executive Officer of Sistema, commented: “The participation of Rusnano Foundation for Infrastructure and Educational Programmes and Rosatom in the charter capital of Sarov Technopark enables us to combine the capabilities of the State with that of a private business, to develop new large-scale projects, and to attract additional funding for their implementation. Furthermore, the joint expertise provided by our partners will enable us to realise synergies and reduce risks associated with investment and the furtherance of science and technology.”

The shareholders’ key initiatives include creating a mechanism for joint financing and the development of projects, as well as their implementation on the basis of the cluster for R&D and manufacturing. Shareholders also plan to construct new infrastructure, to launch a supercomputer centre and to further develop management expertise for the running of the technology park.

CJSC Sarov Technopark (Satis, Nizhny Novgorod region) was established in 2004 by Sistema in cooperation with Rosatom and the government of Nizhny Novgorod region. The technology park has a total area of 50 hectares, which includes a complex of buildings and facilities with a total area of approximately 11.5 thousand square metres (which is expected to be expanded to 60 thousand square metres by 2015). The park’s residents comprise of 23 Russian and international high-tech companies with more than 200 employees. Total investments in Sarov Technopark have amounted to RUB 462 million, including Sistema’s contribution of RUB 136.5 million. The development of the Rosatom-Sistema cluster for R&D and manufacturing, which has had state funding of RUB 15 billion approved, is being implemented at the Sarov technology park. The park is a full member of the International Association of Science Parks (IASP).

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

Investor Relations

Evgeniy Chuikov

Tel.: +7 (495) 692 1100

ir@sistema.ru

 

Public Relations

Vsevolod Sementsov

Tel.:+7 (495) 730 1705

pr@sistema.ru

Sistema is the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the company reported revenues of US$ 9.0 billion for the third quarter of 2011, and total assets of US$ 42.7 billion as at September 30, 2011. Sistema’s global depository receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the MICEX-RTS Stock Exchange, and under the symbol “SIST” on the Moscow Stock Exchange (MSE). Sistema was ranked number 342 in the 2010 edition of the Fortune Global 500 list.

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.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies.