OREANDA-NEWS. November 24, 2010. JSC SITRONICS (SITRONICS or the “Group”) (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced that it has sold the company's 25.5% share in JSC Navigation-Information Systems to JSFC Sistema, according to the terms and conditions as originally disclosed.

SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Central

and Eastern Europe and a growing presence in the Middle East and Africa.

SITRONICS serves over 3,500 clients, maintains offices in 30 countries and exports

its products and services to more than 60 countries.

SITRONICS generated revenues of USD 458.9 million for the first half of the year ended June 30, 2010 and had total assets of USD 1,788.1 million at the end of the period. SITRONICS is majority owned by JSFC Sistema, which is the largest diversified public corporation in Russia and the CIS.