Moscow, Russia – 15 October, 2008 – Sistema (LSE: SSA), the largest public diversified corporation in Russia and the CIS which manages fast growing companies operating in the consumer services sector, held an investor conference call to discuss company`s position in current market conditions.
On the call, the management stated that MTS's shares owned by Sistema have not been pledged. In fact, Sistema recently pledged 0.4% of MTS's outstanding shares in connection with a $35 million credit facility, which will be repaid in November of 2008.
For further information, please visit www.sistema.com or contact:
Sistema Investor Relations Shared Value Limited
Pavel Kim Larisa Kogut-Millings
Tel: +7 495 692 22 88 Tel: +44 (0) 20 73215010