Moscow, Russia– December 15, 2014 – Sistema JSFC (“Sistema”) (LSE: SSA) today announces that its Board of Directors has decided to convene an Extraordinary General Meeting of shareholders (“EGM”). The EGM will be held by absentee vote and the final date for receipt of completed ballots is February 17, 2015. The agenda of the EGM will include the approval of amendments to the bylaws regarding the Annual General Meeting of Shareholders and the Board of Directors of Sistema. 

The new editions of the bylaws for the Annual General Meeting of Shareholders and for the Board of Directors reflect changes to the listing requirements of the Moscow Exchange, which entered into force in 2014, as well as recent amendments to the law on joint stock companies. 

Shareholders registered on the record date of December 29, 2014 will be eligible to vote at the EGM by ballot. The EGM materials will be available from January 16, 2015 on Sistema’s website at www.sistema.comor by request from Sistema’s head office during working hours. 

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