Moscow, Russia- October 18, 2012 - Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announces that during the period of October 10 - October 15, 2012 it has purchased 325,389 Sistema Global Depository Receipts (which accounts for approximately 0.07% of the Company's charter capital) and 1,465,300 Sistema ordinary shares (which accounts for approximately 0.02% of the Company's charter capital).

In aggregate Sistema has bought back 6,452,619 of GDRs at an average price of US$19.96 per GDR and 19,784,700 of ordinary shares at an average price of RUB 25.96 per share since the start of the share repurchase programme on 6 June 2012 to its completion on 15 October 2012.