Moscow, Russia – February 24, 2011 – Sistema (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in, and is a major shareholder of, companies operating in different industries, today announces the completion of the previously announced transaction between Sistema and Bank of Moscow to establish OJSC RTI following the receipt of the Federal Antimonopoly Services permission and issuance of 84.6% of the share capital of the newly established company to Sistema and 15.4% to the Bank of Moscow.

As announced on February 3, 2011, Sistema established OJSC RTI with the Bank of Moscow, which invested RUB 3 billion (approximately US$ 100 million) of cash into the new entity. Sistema contributed its 97% stake in OJSC Concern RTI Systems and RUB 2.88 billion (approximately US$ 97 million) in cash to the new entity’s charter capital.