Moscow, Russia – August 19, 2009 – Sistema (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of large companies operating in different industries, today announced that it has successfully placed RUB 20 billion unconvertible second series five-year bond with a put option exercisable in three years following the sixth coupon payment. The annual coupon rate was set at 14.75% for the first six semi-annual coupon payments.

The Prospectus for RUB 20 billion bond issue was registered with the Russian Federal Financial Markets Service (“FFMS”) on February 3, 2009. Renaissance Broker and Sberbank acted as the Co-Lead Managers and Underwriters of the issue. The bonds were placed on the Moscow Interbank Currency Exchange (MICEX).