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Financial Corporation "Sistema"

December 24, 2010

Sistema EGM approves sale of Sistema Telecom to MTS

Moscow, Russia – December 24, 2010 – Sistema (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 the Extraordinary General Meeting of its shareholders, held on December 21, 2010, has approved the sale of LLC Sistema Telecommunications, Informatics and Communications (“Sistema Telecom”).

 

 

 

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