Moscow, Russia– 25 December 2015 – Sistema JSFC (LSE: SSA) (“Sistema” or “the Corporation”) today announces that it has successfully secured a club loan facility from China Development Bank and Bank of China.  

A credit agreement between Sistema and the Chinese banks was signed 17 December 2015. The agreement provides for an unsecured six-year credit line with a total limit of US$ 350 million.

The successful closing of this long-term club transaction is a result of the developing relationship between Sistema and Chinese banks over a number of years. The Chinese banks’ deep understanding of Sistema’s business was a key factor in the success of the transaction.

“This loan is, in effect, the first unsecured club loan issued by Chinese banks to a Russian holding company. It demonstrates the high level of trust that international banks place in Sistema, and is a further validation of the sustainability of our investment fund business model. The loan also provides the Corporation with an additional source of FX liquidity,” said Sistema Senior Vice President Vsevolod Rozanov.

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For further information, please visit www.sistema.com or contact: 

Investo  Relations                                                          Public  Relations                                          

Yulia Katukova                                                              Sergey Kopytov

Tel: +7 (495) 692 22 88                                                 Tel: +7 (495) 228 15 32

katukova@sistema.ru                                                     kopytov@sistema.ru&nb