Moscow, Russia - September 25, 2007 - JSC SITRONICS ("Sitronics" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, today announced the pricing of its first rouble-denominated bond issue. The 3-year RUB 3 billion issue was priced at 100% with an annual coupon of 10% and a put option after 1.5 years at which time the coupon rate could be reset. Coupon payments will be made on a semi-annual basis.

Troika Dialog acted as a Lead Manager and Petrokommerts Bank acted as a Co-Lead Manager. Investment Group "Capital" acted as an Underwriter of the issue. Application has been approved to list notes on the Moscow Interbank Currency Exchange (MICEX).

Dmitry Ivanov, Chief Financial Officer and First Vice President for Finance and Investments of SITRONICS, commented: "The placement of the first rouble-denominated bond issue is in line with our previously stated intention to refinance part of our US dollar denominated debt into local currency and allow us to increase the visibility in our cash flows."