MOSCOW, Russia– April 17, 2012 – JSC SITRONICS (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, announces that its Extraordinary General Shareholders Meeting (“EGM”), held today in the form of absentee voting, approved the interested party transactions, namely:

- Supplementary Agreement ¹1 to the Loan Agreements between SITRONICS and JSC RTI as of November 25, 2011;  

- Supplementary Agreement ¹1 to the Surety Agreement between SITRONICS and the Bank of Moscow to provide SITRONICS’ surety on the Loan Agreement between JSC RTI and the Bank of Moscow as of November 24, 2011.

The EGM also approved changes in the Regulation on remunerations and compensations to be paid to the Board of Directors of the Company.