9.00 AM (ET) / 2.00 PM (UK) / 3.00 PM (CET) / 5.00 PM (MOSCOW)

Host:

Laila Simanova - Investor Relations Officer   

Speakers:

Alexander Goncharuk - President and Chief Executive Officer

Anton Abugov - First Vice President, Head of Strategy and Development Group      

Alexey Buyanov - Senior Vice President, Head of Finance and Investment Group    

To participate in the conference call, please register at:

 www.sharedvalue.net/sistema/3Q2007

The dial in number to join the conference call will be available upon registration.

You may also contact Shared Value on +44 (0)20 7321 5010 for further details.

Sistema is the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the consumer services sector and has over 80 million customers. Sistema develops and manages market-leading businesses in selected service-based industries, including telecommunications, technology, banking, real estate, retail and media. Founded in 1993, the company reported revenues of US$ 5.9 billion for the first half of 2007, and total assets of US$ 22.5 billion as at June 30, 2007.Sistema's shares are listed under the symbol "SSA" on the London Stock Exchange, under the symbol "AFKS" on the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX), and under the symbol "SIST" on the Moscow Stock Exchange (MSE).