SSA.L Regulatory News (SSA)

Sistema reports acquisition of shares under buyback programme

Moscow, January 31, 2022 - Sistema PJSFC ("Sistema" or the "Company") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its wholly-owned subsidiary Sistema Finance JSC ("Sistema Finance") acquired 7,717,200 of the Company's ordinary shares (ISIN: RU000A0DQZE3) under the Company's buyback programme (the "Programme"). The shares were purchased on Moscow Exchange (MOEX) by the broker on behalf of Sistema Finance and transferred to Sistema Finance.

Aggregated information:

Sistema was notified of the acquisition by Sistema Finance on January 31, 2022.

Since the beginning of the programme, announced by the Company on 17 September 2019, Sistema Finance has acquired 315,195,371 ordinary shares for an aggregate amount of RUB 7.0 billion.

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Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2020 was RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on Moscow Exchange. Website: www.sistema.com.  

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This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of PJSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of PJSFC Sistema and/or any of its subsidiaries and affiliated companies.