Moscow, Russia – April 8, 2009 – Sistema-Hals (LSE, MICEX, RTS: HALS), a major Russian real estate company, announced today that the placement of its rouble bond public offering is scheduled for April 14, 2009. The Company plans to issue RUB 3 billion in bonds with maturity in 2014. Lead Arranger of the bond is ZAO Raiffeisenbank.

Funds raised through the placement will be used for debt restructuring.