Moscow, Russia – November 13, 2010 – Sistema JSFC (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in, and is a major shareholder of, companies operating in different industries, today announced that

CJSC Sistema-Inventure, a wholly-owned subsidiary of Sistema JSFC, made a mandatory tender offer to acquire 1,625,691 ordinary shares of MGTS (representing 2.04% of ordinary shares) at a price of RUB 436.20 per share.

Holders of MGTS ordinary shares will have 70 days to accept or decline the offer which will be open until the end of January 20, 2011.