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JSFC Sistema (SSA)

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Wednesday 25 April, 2012

JSFC Sistema

Notice of AGM

Notice of AGM

JSFC Sistema

FOR IMMEDIATE RELEASE April 25, 2012

SISTEMA’S BOARD ANNOUNCES DATE OF AGM AND RECOMMENDS DIVIDEND PAYMENT

Moscow, Russia – April 25, 2012 – Sistema JSFC (“Sistema”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announces that its Board of Directors (the “Board”) has set the date for the Annual General Meeting of Shareholders (“AGM”) for June 30, 2012. The agenda of the Meeting includes the following items:

  • approval of the Meeting’s procedures and order;
  • approval of the Company’s Annual Report and annual financial statements for 2011, including the profit and loss statement;
  • approval of the distribution of profit and the amount, terms, form and timing of the dividend payment on Sistema shares for 2011;
  • election of members of the Audit Commission;
  • election of members of the Board of Directors;
  • approval of Sistema’s auditors.

Sistema’s Board is recommending to the AGM to set the total amount of dividend payment on Sistema’s shares for 2011 at RUB 2.7 billion, representing a payment of RUB 0.28 per ordinary share. The total proposed dividend payment has been determined on the basis of Sistema’s full year 2011 US GAAP net income and the corporate centre’s net gain from the sale of CJSC Sistema-Inventure to OJSC MTS in December 2011. The dividend is due to be paid within a 60-day period following the AGM’s approval. Dividend payments to shareholders are settled by bank transfer into accounts, the details of which are provided by shareholders.

The AGM will be held in the Ballroom Hall II at Ritz-Carlton Hotel, Moscow (3, Tverskaya str.) at 11 AM Moscow Time.

Shareholders registered as at the record date of May 21, 2012 will be eligible to participate in the AGM and entitled to receive a dividend payment following the AGM’s approval. The AGM materials will be available from May 30, 2012 on Sistema’s website at www.sistema.com or by request from Sistema’s head office during working hours.

***

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. Website: www.sistema.com

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.