SISTEMA JSFC commissioned Deutsche Bank and ING bank to act as lead managers for US dollar denominated bond offerings. The bond issue will be launched subject to market demand after an international road show.

This document is not an offer to market securities in the US.

No securities can be offered or sold in the US in the absence of registration by the US Securities and Exchange Commission or unless mandatory registration is waived. Any public offering of the company's securities will be made through a prospectus which can be obtained from the company and will contain detailed information about the company and its management, including its financial statements. Not for distribution in the US, Stabilization/FSA.