OREANDA-NEWS. 9.00 AM (EST) / 2.00 PM (UK) / 3.00 PM (CEST) / 5.00 PM (MOSCOW)

Host:

Evgeniy Chuikov - Head of Investor Relations Department

Speakers:

Mikhail Shamolin - President and Chief Executive Officer

Vsevolod Rozanov - Senior Vice President, Chief Financial Officer

To participate in the conference call, please dial:

UK/ International: +44 (0)20 7136 2055

US: +1 212 444 0481

And quote the conference call title: "Sistema Second Quarter 2014 Financial Results".

The management's slide presentation will be posted approximately 2 hours prior to the conference call at: http://www.sistema.com

A replay of the conference call will be available on the Company's website www.sistema.com <http://www.sistema.com> for a minimum of seven days after the event.

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 8.2 billion for the first quarter of 2014, and total assets of USD 41.5 billion as at March 31, 2014. 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 Moscow Exchange. Sistema was ranked number 308 in the 2013 edition of the Fortune Global 500 list.