Moscow, Russia- August 23, 2012 - Sistema JSFC ("Sistema" or "the Company") (LSE: SSA), the largest diversified publicly-traded investment company in Russia and the CIS, today announces that OJSC RTI ("RTI"), a subsidiary of Sistema, as a result of squeeze-out procedure, has completed and fully paid for the acquisition of 49,139,078 of JSC SITRONICS ("SITRONICS") ordinary shares, including shares underlying the SITRONICS' Depositary Receipts, comprising approximately 0.52% of SITRONICS' share capital. Following the acquisition of 99.48% of SITRONICS' share capital pursuant to its Voluntary Tender Offer, (launched on March 12, 2012 and expired on May 22, 2012), RTI launched the statutory squeeze-out procedure under Russian law to acquire the remaining 0.52% of SITRONICS' ordinary shares from minority shareholders on June 26, 2012.

This brings RTI's total ownership stake in SITRONICS to 100% of SITRONICS' share capital.

As previously announced, it is anticipated that delisting of SITRONICS from the London Stock Exchange, as well as the termination of its DR programmes and Deposit Agreements, will take place today, August 23, 2012.

The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.