AFKS), a publicly traded diversified Russian holding company, announces confirmation of a credit limit of RUB 17 billion under a three-year unsecured line of credit with VTB Bank (PJSC) (“VTB”) and that the Company has drawn down RUB 6 billion under this facility. The funds will be used to refinance the Company’s existing debt portfolio.

Vladimir Travkov, Sistema Vice President and Chief Financial Officer, said: “Confirmation of the credit limit under the unsecured facility with VTB reflects our focus on further diversifying our debt portfolio and increasing its duration.”

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Sistema is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2018 was RUB 777.4 bn; total assets equalled RUB 1.5 trn as of 31 December 2018. Sistema’s global depositary receipts are listed under the “SSA” ticker on the London Stock Exchange. Sistema’s ordinary shares are listed under the “AFKS” ticker on the Moscow Exchange. Website: www.sistema.com

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