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JSFC Sistema (SSA)

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Monday 14 May, 2012

JSFC Sistema

Statement re SISTEMA PRICES US$ 500 MILLION EUR...

Statement re SISTEMA PRICES US$ 500 MILLION EUROBOND ISSUE

JSFC Sistema

NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, OR RUSSIA

SISTEMA PRICES US$ 500 MILLION EUROBOND ISSUE

Moscow, Russia – May 14, 2012 – Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), the largest diversified publicly-traded investment company in Russia and the CIS, priced its Loan Participation Notes in the amount of US$ 500 million with an annual interest rate of 6.95% and a maturity in May 2019. The notes will be rated BB- by Fitch and BB by S&P.

The notes will be issued by Sistema International Funding S.A., a société anonyme incorporated in Luxembourg, and are expected to be listed on the Irish Stock Exchange. The proceeds from the offering will be used for general corporate purposes.

The issue was lead managed by Deutsche Bank, Morgan Stanley and VTB Capital.

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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 publicly-traded investment company in Russia and the CIS. 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).

This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States absent such registration other than pursuant to an applicable exemption from registration. There will be no public offering of the securities in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Any person who is not a relevant person should not act or rely on this document or any of its contents.

Stabilisation/FSA

This document is an advertisement and not a prospectus for the purposes of the Prospectus Directive. A prospectus prepared pursuant to the Prospectus Directive will be published in accordance with the Prospectus Directive. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.The expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in any relevant Member State) and includes any relevant implementing measure in the relevant Member State.

This press release is not a public offer or advertisement of securities in the Russian Federation, and is not an offer, or an invitation to make offers, to purchase any securities in the Russian Federation.