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Financial Corporation "Sistema"

February 19, 2018

Removal of restrictive measures on shares of Detsky Mir and BPGC

Moscow, Russia – 19 February 2018 – Sistema PJSFC (“Sistema” or the “Corporation”) (LSE: SSA, MOEX: AFKS) a publicly traded diversified Russian holding company, announces that the Arbitration Court of the Republic of Bashkortostan (the “Court”) on 19 February 2018 lifted the arrest of 52.09% of the share capital of PJSC Detsky Mir and 90.47% of the share capital of JSC Bashkirian Power Grid Company (“BPGC”) belonging to the Corporation and its subsidiary Sistema-Invest.

The Court also removed the previously imposed limitations on the right of Sistema to receive income on the securities of Detsky Mir and BPGC.

The court orders were adopted by the Court on account of the Settlement Agreement concluded with PJSOC Bashneft, Rosneft and the Republic of Bashkortostan.

The Court’s ruling is subject to immediate implementation, including by the Federal Bailiff Service according to the procedure established by law.

***

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

Investor Relations

Yury Krebs

Tel.: +7 (495) 730 66 00

y.krebs@sistema.ru

Press Service

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

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