Report on Payments to Governments for 2017

Report on Payments to Governments for 2017

Moscow, Russia - 27 June 2018 - Sistema PJSFC ("Sistema" or the "Corporation") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that it has released its Report on Payments to Governments for the year 2017.

The Report provides an overview of the payments to governments made by subsidiary undertakings of Sistema, represented by legal entities of Segezha Group involved in logging activities, for the year 2017 as required under the Disclosure and Transparency Rules issued by the Financial Conduct Authority of the United Kingdom.

The Report has been submitted to the National Storage Mechanism and will be shortly available at www.morningstar.co.uk/uk/NSM.

The report is also available on the Company's website at www.sistema.com/investors-shareholders/information-disclosure.

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

Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, tourism and healthcare services. The company was founded in 1993. Its revenue in 2017 reached RUB 704.6bn; its total assets equalled RUB 1.1tn as of 31 December 2017. 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 the Moscow Exchange. Website: www.sistema.com