Moscow, Russia – July 17, 2015 – Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), a publicly-traded diversified holding company in Russia and the CIS, today announces  that its subsidiaries LLC Sistema Telecoms Assets and JSC RTI have signed legally binding agreements to sell their respective stakes in JSC NVision Group (“NVision”) to PJSC MTS (“MTS”). MTS will acquire 100% of NVision, including its debt obligations, for up to RUB15 billion.

At the initial stage of the transaction, MTS will acquire control over a number of NVision’s subsidiaries, including 100% of JSC SITRONICS Telecom Solutions and NVision Czech Republic a.s. The initial stage of the transaction was approved by the Federal Antimonopoly Service (FAS) of Russia and the antimonopoly authorities of Uzbekistan and Pakistan, where NVision’s subsidiaries operate. Approvals of antimonopoly authorities in other counties where NVision’s subsidiaries operate are required in order to complete this transaction. 

The transaction is expected to be completed by the end of 2015 after a number of conditions have been fulfilled.

NVision is a supplier of billing solutions for MTS, as well as a developer and supplier of a variety of system integration services in Russia. Synergies between Sistema’s assets will increase the value of both its telecommunications and high-tech businesses by optimising costs and reducing MTS’ operating risks, as well as by ensuring more effective coordination during the development and launch process of new products and services to the market.

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For further information, please visit www.sistema.comor contact:

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