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Financial Corporation "Sistema"

October 13, 2014

Update on block purchase of Sistema's ordinary shares

Moscow, Russia - October 13, 2014 - Sistema JSFC ("Sistema") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, announces that the contract made by its 100% owned subsidiary, Sistema Finance OJSC, for the acquisition of 162,837,500 Sistema ordinary shares for RUB 7.6 billion that was announced on July 18, 2014, has been terminated and therefore will not be completed. Sistema is assessing potential liabilities and will update the market if and when appropriate.

 

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

Investor Relations

Evgeniy Chuikov

Tel.: +7 (495) 692 1100

ir@sistema.ru

Public Relations

Olga Gudina

Tel.: + 7 (495) 7307188

gudina@sistema.ru

 

 

 

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