OREANDA-NEWS. October 3, 2012. Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, notes a press release published by Renaissance Capital (available on the Renaissance Group website), referring to the completion of a competitive process to select a purchaser for a 100% ownership stake in SG-trans OJSC, the Russian market's largest independent provider of specialized railcars for transportation of liquefied petroleum gas (LPG). In line with its strategy to diversify and grow its asset base, Sistema confirms that it has participated in the selective process and submitted the leading bid price of RUB 22.77 billion. As stated in Renaissance Capital's release, the buyer, the price and other material terms of the transaction are subject to approval by order of the Government of the Russian Federation. Any further announcements will be made in due course.

The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.

Sistema is the largest publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the company reported revenues of USD 8.1 billion for the second quarter of 2012, and total assets of USD 43.6 billion as at June 30, 2012. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the MICEX-RTS Stock Exchange, and under the symbol "SIST" on the Moscow Stock Exchange (MSE). Sistema was ranked number 315 in the 2011 edition of the Fortune Global 500 list.