Moscow, Russia – March 24, 2011 – Sistema (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announced that the Extraordinary General Meeting of its shareholders (“EGM”) approved the creation of OJSC RTI, the company founded with the participation of the Bank of Moscow. The EGM was held by proxy with 78.87% of shareholders’ votes received in favour of the transaction. The deal was closed on February 24, 2011.