Moscow, Russia – June 21, 2016 – Sistema JSFC (“Sistema” or “the Company”) (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces that its 100%-owned subsidiary, Sistema Finance JSC, has today completed the acquisition of 98,250,000 Sistema ordinary shares, representing 1.02% of Sistema's share capital, for a total consideration of approximately RUB 2.1 billion from a non-affiliated seller. The shares were purchased for general corporate purposes, including the employee incentive programme. As a result of this transaction, the number of Sistema shares held by Sistema Group amounts to 2.7% of the Company’s total share capital.

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