Moscow, Russia - November 2, 2012 - Sistema JSFC (the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that the resolution set out in the Notice of Extraordinary General Meeting (the "EGM") sent to Shareholders on September 25, 2012, was duly passed.

A copy of the resolution passed has been submitted to the UK Listing Authority via the National Storage Mechanism and will be available in due course for inspection at www.hemscott.com/nsm.do.