Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS,  is holding a Capital Markets Day at The Park Lane Hotel in London on Tuesday 7^th February, 2006. For those who are unable to travel to London for this event there will be the opportunity to listen to the presentations by conference call.

The conference will comprise a full day of presentations on a range of operational and financial aspects of the Group's businesses.

To take part in Sistema's Capital Markets Day by conference call please dial:

UK +44 (0) 20 7138 0816

France +33 (0) 1 55 17 41 48

Germany + 49 (0) 69 9897 2633

A replay will be available for 2 days following the event. To access the replay please dial:

UK +44 (0) 20 7806 1970

France +33 (0) 1 71 23 02 48

Germany +49 (0) 69 2222 20418

Passcode for replay: 4996034#

Unfortunately, due to the tight schedule of the day, the conference call will be listen only. Should you have any further questions, please contact Alexei Kurach at kurach@sistema.ru or Matthew Hooper at sistema@sharedvalue.net

The conference will commence at 9:00am and will conclude at 4:30pm. Please refer to the attached agenda for full details on timing.

Please contact Shared Value on +44 (0)20 7321 5010 should you require any further details.