Moscow, Russia – May 25, 2015 – Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), a publicly-traded diversified holding company in Russia and the CIS, today announces that its Board of Directors held a meeting on May 23, 2015, where it approved a list of 13 nominees for the election to the Company’s Board of Directors at the Annual General Meeting of shareholders of Sistema (“AGM”) on June 27, 2015. Seven out of 13 nominees meet the independent criteria set by the Joint-Stock Companies Law, the Moscow Stock Exchange requirements and the Corporate Governance Code of the Russian Federation. 

The list of nominees to the new Board of Directors is as follows: 

1. Vladimir Evtushenkov
2. Sergei Boev
3. Brian Dickie (Independent Director)
4. Andrei Dubovskov
5. Felix Evtushenkov
6. Dmitri Zubov
7. Patrick James Clanwilliam (proposed by a group of minority shareholders and nominated for the position of Independent Director at the Board meeting on April 18, 2015)
8. Robert Kocharyan (Independent Director)
9. Jeannot Krecke (Independent Director)
10. Peter Mandelson (Independent Director)
11. Roger Munnings (Independent Director)
12. Mikhail Shamolin
13. David Iakobachvili (Independent Director) 

The Board also recommended the AGM to approve a new edition of the Regulation on Remuneration and Compensation for the Board members, new editions of the bylaws for the Annual General Meeting of Shareholders and for the Board of Directors of Sistema. 

For further information, please visit www.sistema.com or contact: 

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