Joint-Stock Financial Corporation Sistema
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Joint-Stock Financial Corporation Sistema

Sistema is the largest public diversified financial corporation in Russia and the CIS, which manages companies serving over 100 million customers in the sectors of telecommunications, high-tech, oil and energy, radio and aerospace, banking, real estate, retail, mass-media, tourism and healthcare services.

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Troika Dialog Forum, Moscow, 03-05, February, 2010

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Corporate news

Sistema sells controlling stake in Bashkirnefteprodukt to Bashneft

January 22, 2010
Moscow, Russia – January 22, 2010 – Sistema (the “Group”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries, today announced the sale of its equity stake in Bashkirnefteprodukt (56.11%) to ANK Bashneft JSC (“Bashneft”). On January 4, 2010, Sistema sold controlling stakes in four other Bashkir oil companies to Bashneft. The objective of these transactions is to create a vertically integrated oil group.

Sistema Shyam TeleServices Ltd. crosses 3 million subscriber base
Records highest growth in Rajasthan, Kolkata &West Bengal, Tamil Nadu& Chennai Circles

January 7, 2010
Gurgaon, India - January 07, 2010 - Sistema Shyam Teleservices Limited (SSTL), has crossed the milestone of 3 million subscribers in India.

Sistema sells controlling stakes in four Bashkir oil companies to Bashneft

December 31, 2009
Moscow, Russia – December 31, 2009 – Sistema (the “Group”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries, today announced the sale of its equity stakes in Ufaneftechim JSC (47.18%), Novoil JSC (61.57%), Ufaorgsintez JSC (51.49%) and Ufimskiy NPZ JSC (55.58%) to ANK Bashneft JSC (“Bashneft”). The objective of these transactions is to create a vertically integrated oil group.

Sistema increases ownership in Sistema-hals to 27.6%

December 30, 2009
Moscow, Russia – December 30, 2009 – Sistema (the “Group”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries, today announced that it has increased its ownership in Sistema-Hals to 27.6% of the issued share capital through the acquisition of an additional 8.15% stake from the Sistema-Hals Group. The transaction has been made as part of the restructuring of Sistema-Hals Group’s debt to Sistema.

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