Criminal case against Vladimir Evtushenkov dropped

Criminal case against Vladimir Evtushenkov dropped 

Moscow, Russia - January 13, 2016 - Sistema JSFC (LSE: SSA, hereinafter - Sistema), a diversified public holding company, announces that the criminal case against its majority shareholder and Chairman of the Board of Directors Vladimir Evtushenkov in connection with the acquisition of BashTek group has been dropped as it was found that no crime was committed.

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Sistema is a publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of RUB 515.9 billion for the nine months of 2015, and total assets of RUB 1.2 trillion as at September 30, 2015. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the Moscow Exchange. Website: www.sistema.com