SSA.L Regulatory News (SSA)

15 Jan 2009 14:30

Sistema Files EGM Documentation

Sistema (LSE: SSA) (the "Company"), the largest diversified public corporation in Russia and the CIS, which manages fast growing companies operating in the telecommunications, consumer services sectors and technology industries, today announced that it has filed materials for the Extraordinary General Meeting of Company's Shareholders ("EGM") to be held on February 16, 2009 by letter ballot, with the Financial Services Authority ("FSA"), according to the London Stock Exchange Listing Rules.

Shareholders may request the materials for the General Meeting of shareholders by calling the Company's Corporate Secretary (tel: +7 (495) 730 6089) during the office hours between 10:00 am and 5:00 pm Moscow time or by writing to: Prechistenka Street, 17/8/9, bld. 1, Moscow 119034, Russian Federation, as well as by accessing www.sistema.com/investors/meetings/_documents.

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

Sistema is the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the telecommunications, consumer services sectors and technology industries and has over 100 million customers. Sistema develops and manages market-leading businesses in selected industries, including telecommunications, technology, banking, real estate, retail, media, tourism and healthcare. Founded in 1993, the company reported revenues of US$ 12.6 billion for the first nine months of 2008, and total assets of US$ 32.0 billion as at September 30, 2008. Sistema's shares are listed under the symbol "SSA" on the London Stock Exchange, under the symbol "AFKS" on the Russian Trading System (RTS), under the symbol "AFKC" on the Moscow Interbank Currency Exchange (MICEX), and under the symbol "SIST" on the Moscow Stock Exchange (MSE).

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. In addition, there is no assurance that the new contracts entered into by our subsidiaries referenced above will be completed on the terms contained therein or at all. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.

Copyright Business Wire 2009