Moscow, Russia – April 20, 2015 – Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), a publicly-traded diversified holding company operating primarily in Russia and the CIS, today announces that following the meeting on April 18, 2015, its Board of Directors (the “Board”) has set the date for the Annual General Meeting of Shareholders (“AGM”) for June 27, 2015. The record date for shareholders eligible to participate in the AGM is May 15, 2015. 

The agenda of the AGM includes the following items:

-        Approval of the annual report and financial statements for 2014;

-        Approval of the distribution of profit and dividends for Sistema shares;

-        Election of members of the Company’s Board of Directors and Audit Commission;

-        Approval of the auditors. 

The Board recommended the AGM to set the total dividend payment for Sistema’s shares at RUB 4.54 billion, representing a payment of RUB 0.47 per ordinary share or RUB 9.40 per GDR. Shareholders specified in the register as of July 16, 2015 will be entitled to receive a dividend payment following the AGM’s approval. 

Sistema’s Board also included Patrick James Clanwilliam in the list of candidates for the election to the Company’s Board of Directors. Mr. Clanwilliam was nominated for the position of an independent director by a group of minority shareholders.

In addition, the Board of Directors recommended that the AGM approves Deloitte&Touche CIS as the Company’s IFRS and Russian Accounting Standard auditors in 2015. 

The AGM materials will be available from May 27, 2015 on Sistema’s website www.sistema.ru or by request from Sistema’s head office.  

For further information, please visit www.sistema.com or contact: