Moscow, Russia - August 31, 2006 - Sistema (LSE: SSA) the largest private sector consumer services company in Russia and the CIS, today announced the acquisition of 81.25% of ZAO Sahles. The stake was acquired from ZAO Technoinvest, a subsidiary of ZAO Vneshtorgbank Retail Services.

ZAO Sahles owns controlling stakes in the entities which constitute the Perm Motors group, which, following the acquisition, will become part of Concern RTI Systems - a business segment of Sistema focusing on high-tech projects in radio technology, airspace navigation systems and the construction of power machines.