Moscow, 26 June 2017 - Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, is pleased to announce the results of the annual general meeting of shareholders (“AGM”) and the Board of Directors meeting that took place on 24 June 2017.

The AGM passed the resolution to distribute RUB 7.8 billion in dividends for FY 2016, which represents RUB 0.81 per ordinary share (RUB 16.2 per GDR). The record date for shareholders eligible to receive dividends was set as 13 July 2017. Dividends will be paid within 10 business days from this date.  

The AGM elected the following members to the Board of Directors: 

1.      Vladimir Evtushenkov

2.      Anna Belova, independent director (nominated by a group of minority shareholders) 

3.      Sergey Boev

4.      Andrey Dubovskov

5.      Felix Evtushenkov

6.      Ron Sommer

7.      Robert Kocharyan, independent director

8.      Jeannot Krecké, independent director

9.      Roger Munnings, independent director

10.  Mikhail Shamolin

11.  David Iakobachvili, independent director

The AGM approved the Corporation’s 2016 annual report and annual financial statements, as well as revised versions of the Charter, Terms of Reference of the General Meeting of Shareholders, Terms of Reference of the Board of Directors and Terms of Reference of the Management Board of Sistema PJSFC. 

The AGM approved CJSC Deloitte and Touche CIS as the auditor of Sistema's RAS and IFRS financial statements for 2017.

The Board of Directors, at its meeting following the AGM, elected Vladimir Evtushenkov as Chairman of the Board of Directors and Sergey Boev as Deputy Chairman.  

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