Last Events

September 2008

• Shyam Telelink launches cdma mobile network.
• Sistema appoints Sergey Savchenko as chief financial officer of Shyam Telelink.
• Sistema completes licensing process in India.

August 2008

• Standard & Poor’s upgrades Sistema corporate rating to ВВ.
• Sistema consolidates its ownership of Dalcombank.
• Comstar-UTS has built wireless broadband access network in Tyumen.

July 2008

• Sistema announces new organizational structure.
• EBRD provides a us$50 million syndicated loan facility to finance the expansion of Detsky mir group retail network.
• Sistema appoints vsevolod rozanov as chief executive officer of Shyam Telelink.
• v. Mamay appointed as director of Comstar-UTS’s south branch.
• Sistema appoints maxim uvarov as general director of CJSC binnofarm.
• CEO of MTS mikhail shamolin joins the board of the GSM association.
• JSC Comstar-UTS appoints I.Gavriletsky as CEO of CJSC converiasvyaz.
• Moody’s confirms credit rating of Sistema-hals OJSC at B1.
• Comstar acquires ural telephone company.
• Shyam Telelink selects equipment vendors for its network rollout.
• Sistema board of directors elects new management board.
• Sochitelecomservice and porttelecom merged into JSC Comstar-UTS.

June 2008

• New appointments at Sistema-hals.
• Sistema obtains radio frequencies in four additional circles in India.
• Sistema increases its stake in shyam Telelink to 73.71%.
• Intracom telecom enters India.
• Concern «RTI Systems» has acquired the majority shareholding of the watt drive group (Austria).
• Sistema signs US$ 613.3 million standby letter of credit and term loan facility.
• Comstar to consolidate Comstar-direct.
• Comstar acquires interlink group in Ryazan.

May 2008

• MTS announces the appointment of the new chief executive officer.
• Sistema appoints leonid melamed as president and chief executive officer.
• Sistema increases its stake in shyam Telelink.
• Sistema and chinese corporation cpmiec sign agreement on cooperation.
• Sistema-Hals concludes agreement with leading italian architectural firm.
• Sergey tischenko has been appointed as president and CEO of «RTI Systems concern» JSC.
• Sistema obtains radio frequencies in two additional circles in India.
• Fitch ratings confirms B+ credit rating for Sistema-hals jsc.
• Sistema signs memorandum of understanding with das holding LLC.

April 2008

• MTS ranked in world’s 100 most powerful brands.
• Sistema repays US$ 350 million eurobond issue.
• Sistema obtains radio frequencies in eight additional circles in India.
• Detsky mir and Sistema-hals announce closure of flagship Detsky mir store on Lubyanka square for reconstruction.
• Sistema obtains radio frequences in India.
• Fitch rates OJSC mobile telesystems (MTS) ‘BB+’; outlook stable.
• Sistema-hals sells 22 Rochdelskaya project.

March 2008

• Comstar launches long term incentive programme for executives.
• Comstar to build multimedia FTTB network in Sochi.
• Nikolay Maximenka appointed mgts general director, a part of Comstar-OTS.
• Jsc Comstar-UTS president Sergey pridantsev awarded the best top manager.
• Sistema completes sale of sahles.
• Sistema places 6 billion ruble bond issue.
• Sistema signs partnership agreement with the republic of belarus.
• Newly appointed commercial director of Comstar-UTS.
• «Detsky mir» has completed the reorganization of store management network.
• Comstar-UTS appoints vladislav vasin to the position of government relations director.

February 2008

• Comstar launches HDTV.
• MTS increases ownership in its omsk subsidiary to 100%.
• MTS announces subscriber growth numbers for January 2008.
• MTS elects a new board of directors.
• Sistema opens office in India.
• Sistema appoints Sergey boyev as vice president for development of state programmes and non-public assets.
• MTS and Microsoft to work together to deliver mobile services across Russia and CIS.
• Sistema completed the creation of healthcare services holding.
• Comstar announces business development strategy for the southern federal district of Russia.
• SITRONICS announces appointment of new head of telecom solutions division.
• Sistema-Hals has appointed andrey solovyev as company’s financial director.
• Sistema acquires further 50.5% stake in Dalcombank.
• Sergey Shmakov appointed first vice president of JSC Sistema-Hals.

January 2008

• Comstar to build first wimax network in armenia.
• SITRONICS signs contracts with MTS-Ukraine.
• Federal service for financial markets has registered report on the issue of additional common stocks of Detsky mir — center OJSC.
• SITRONICS extraordinary shareholder meeting elects new board of directors.
• Comstar builds multi-service ngn network in Ukraine.
• Moody’s investors service confirmed mbrd ratings.
• MTS announces subscriber growth numbers for Desember 2007.
• Sistema acquires control of shyam Telelink.
• Sistema obtains telecommunication licenses in India.
• Sistema-Hals signs strategic partnership agreement with apsys.
• Sistema-Hals chooses a strategic partner to develop the kamelia resort complex in sochi.

December 2007

• TS Retail sets up a new retail brand TOCHKA.
• Comstar-UTS signs an agreement with Intel for strategic partnership on development of WiMAX first mobile network in Russia.
• SITRONICS launches production of 0.18 micron chip technology in Zelenograd.
• Sistema-Hals gains a partnership agreement with Hebei Construction Group, a Chinese state-owned company, to carry out development projects in Russia.
• Bashcell is purchased by MTS for $38 million.
• Sistema announces its decision to offer up to RUB 6 billion of unconvertible interest-bearing bonds.
• Intourist Group of Companies accomplishes the first phase construction of tourist complex Altai.
• The company Access executes option and becomes a shareholder in Comstar-UTS with a stake of 11,06%.
• MBRD obtains a syndicated loan of $50 million.
• Sistema-Hals sales stake in 13 CJSC Kostyansky to the partner company MIRAX Group.
• MBRD consolidates 66% of EWUB.
• The section of Zvenigorodskoe highway between Moscow Ring Road and Marshall Zhukov Avenue is constructed by Sistema-Hals.
• Medsi acquires Family Medicine Corporation Sistema launches long-term incentive program for its employees.

November 2007

• Sitronics sings a strategic partnership agreement with Nokia Siemens Networks.
• Sistema registers share split by 1,000 times.
• Sistema-Hals announces the obtaining of the credit line of $200 million from VTB Bank.
• Comstar UTS acquires «Regional Technical Centre» (Khanty-Mansi Autonomous Area) and Digital Telephone Networks South for $188 million.
• MTS and Olympic Committee of Russia announce the establishment of strategic partnership.

October 2007

• Sistema signes share purchase agreement for the acquisition of additional 41% stake in Shyam Telelink Ltd. As a result Sistema stake in the operator will be 51%.
• Sistema acquires further 28,16% stake in Dalcombank. As a result Sistema increases its ownership in the bank up to 48,16%.
• Sistema approves the development strategy for its healthcare services division. Sistema intends to create a chain of 100 clinics by 2011.

September 2007

• Sistema shares lists on MICEX. Sistema JSFC shares are included in the “B” list under the symbol AFKS.
• Sistema registers share split by 1,000 times.
• MTS acquires 80% authorized capital of International Cell Holding Ltd.
• MTS purchases 74,9% of Gorky-8 Ltd.
• Sitronics sets up WiMAX network for telecommunication operator in the Kingdom of Bahrain. Project value is $10.2 million.
• Sitronics prices announced first ruble-denominated bond issue. Issuing size is RUB 3 billion for the term of 3 years.
• Sistema enters Indian market after acquiring 10% stake of Indian telecommunication operator Shyam Telelink.

August 2007

• Comstar UTS subsidiary is opened in St. Petersburg.
• Sochitelecomservice operator is purchased by Comstar UTS.
• Sistema acquires 20% of Dalcombank.

July 2007

• Sistema Telecom is incorporated into Sistema as a new division.

June 2007

• Sistema consolidates 100% of Medexpress network of medical centers.
• Sistema-Hals` Board of Directors is joined by 3 independent directors.
• Sistema-Hals approves an option program.
• MTS increases its share in Uzdunrobita, Uzbek mobile operator, up to 100%.

May 2007

• MTS acquires federal license allowing it to provide 3G services in Russia.
• American Hospital Group is purchased by Sistema.
• Sistema acquires 20% of Medexpress network of medical centers.
• Comstar founds a business-block Comstar International.

April 2007

• Sistema gains 2 positions in Svyazinvest Board of Directors.
• Golden Line of Comstar Direct is purchased by Comstar.
• Sistema increases its share in Sitronics up to 60%.
• Comstar acquires licenses to provide data transmission in 10 regions of Russia.

March 2007

• According to the valuation carried out by Cushman and Wakefield Stules & Riabokobylko the value of the Sistema-Hals stake in the property and projects increased by 35%.
• Sistema-Hals is included in the RUXX (Russian Industrial Leaders Index) database.
• Comstar acquires licenses to provide data transmission in 8 regions of Russia.
• Comstar sells its stake in alternative fixed-line telecommunications operator ZAO Metrocom.
• Sitronics and Chinese ZTE Corporation signs a Memorandum of Understanding for developing communication facilities and consumer electronics.
• MTS announces its decision to write off costs associated with the acquisition of a 51% stake in Bitel LLP, a Kyrgyzstan-based GSM mobile telephone operator.

February 2007

• Sistema completes the purchase of 0.48% of its own stock.
• Sitronics makes an IPO on LSE raising $400 million. The whole company is valued at $2.35 billion.
• S&P confirms BB- long-term corporate credit rating on Sistema and makes a forecast as «positive».
• S&P assigns BB- long-term corporate credit rating to Comstar, with a «positive» forecast.
• Sistema sells 46.19% of ROSNO to Allianz.

January 2007

• Comstar obtaines licenses for IP Voice and Data transmission, including WiMAX services, in twenty largest regions in Russia
• Sistema-Hals signs a $187 million credit agreement with Eurohypo AG.

In Addition

Corporation history in 2003-2006 and 1993-2002.

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