Moscow, Russia - July 22, 2013 - Sistema JSFC ("Sistema") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that OJSC Detsky Mir-Centre ("Detsky Mir" or the "Company") through its wholly owned subsidiary has signed an agreement with Sberbank of Russia ("Sberbank") to buy back a 25% + 1 share stake in Detsky Mir for RUB 4.5 billion.  This transaction was financed by the Company's own resources and debt. As a result of this transaction, Sistema now owns (directly and indirectly) 100% of Detsky Mir.

In 2010, Sberbank acquired the 25% + 1 share stake in Detsky Mir through an additional share issue to Sberbank in a private placement.  The put option agreement between Sistema and Sberbank, which was signed as part of the sale of Detsky Mir's shares to Sberbank, has been terminated.