OREANDA-NEWS. On 22 May 2008 JSC SITRONICS "), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, announced that the Board of Directors (the "Board") has set a date for the Annual General Meeting of the Company's Shareholders ("AGM") for June 26, 2008. The AGM will take place at 4.00 pm Moscow time at the following address: 39/5, 3-ya Tverskaya-Yamskaya St., Str. 1, Moscow, 125047, Russia.

The Board recommended the AGM to approve the following:

- The Annual Report of JSC SITRONICS for 2007; the annual financial statements, including the profit and loss statement of JSC SITRONICS for 2007;

- Distribution of the profit and loss of JSC SITRONICS upon the results of the fiscal year, approval of the amount, procedure, form and due date of payment of the dividends for 2007 on the shares of JSC SITRONICS;

- The payment of compensation to the members of the Board of Directors of JSC SITRONICS;

- Determination of the total number of the members of the Board of Directors of JSC SITRONICS;

- Election of the members of the Board of Directors of JSC SITRONICS;

- Election of the members of the Audit Committee of JSC SITRONICS;

- The auditor of JSC SITRONICS for 2008.

- The new versions of the internal regulations of JSC SITRONICS: Regulations on the Board of Directors of JSC SITRONICS and Regulations on the Management Board of JSC SITRONICS;

- The related party transactions, which may be made by the Company in future.

Shareholders registered at the record date of May 12, 2008, will be eligible to participate and vote at the meeting. Registration of the participants will start at 3.00 p.m. Moscow time. The registrar of the Company will oversee counting of the votes. The information and materials regarding the AGM are available at the Company's office at 39/5, 3-ya Tverskaya-Yamskaya St., Str. 1, Moscow, 125047, between 10.00 a.m. and 6.00 p.m. from June 6, 2008 to June 26, 2008. The same information (materials) will also be made available to the participants at the AGM.