Moscow, Russia- May 17, 2013 - Sistema JSFC ("Sistema", the "Group" or the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that within the framework of its Long-Term Incentive Programme, which was approved by the Board of Directors of Sistema in December 2012, approximately 0.3% of ordinary shares of Sistema's charter capital has been granted to certain members of management and of the Board of Directors of Sistema.

The participants are generally free to dispose of their shares at their discretion, subject to certain rules, restrictions and notification requirements imposed by Russian and UK legislation and Sistema's insider trading policies.