Moscow, 19 March 2018 – Sistema PJSFC (“Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that on 19 March 2018 the Arbitration Court of the Republic of Bashkortostan (“the Court”) issued rulings lifting the seizure of and all restrictions regarding the following assets owned by Sistema:

• 100% of the authorised capital of Medsi Group,
• 90.5% of the authorised capital of Steppe AgroHolding,
• 71.87% of the authorised capital of MTS Bank,
• 100% of the authorised capital of Sistema Telecom Assets,
• 98.78% of the authorised capital of Leader Invest,
• 16.18% of the authorised capital of Segezha Group,
• 88.78% of the authorised capital of Kronshtadt Group,
• 45.96% of the authorised capital of Sistema Hotel Management,
• 27% of the authorised capital of United Bridge Construction Enterprise.

The rulings were approved by the Court taking into account the settlement agreement signed by Sistema with Bashneft, Rosneft and the Ministry of Land and Property Relations of the Republic of Bashkortostan.

The rulings shall have immediate effect, including for the Federal Bailiff Service, in accordance with the law. 

The Court previously lifted restrictions imposed on a 31.76% stake in PJSC MTS, 52.09% of Detsky Mir and 90.47% of Bashkir Power Grid Company (BPGC) owned by Sistema.

Therefore the Court has lifted all temporary restrictive measures imposed on Sistema’s assets under lawsuits brought by Rosneft, Bashneft and the Ministry of Land and Property Relations of the Republic of Bashkortostan against Sistema and Sistema Invest.

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