OREANDA-NEWS. On August 23, 2007 JSC SITRONICS (“Sitronics” or “The Company”) (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced that the Board of Directors (the “Board”) has set a date for an Extraordinary General Meeting of the Company’s Shareholders (“EGM”) for October 8, 2007, reported the press-centre of JSC SITRONICS.

The Board recommended the EGM to approve the participation of Sitronics in “The 2006 Coral/ Sistema Strategic Fund, Limited Partnership”.

Shareholders as at the record date of August 28, 2007, are eligible to participate in the EGM by mailing a duly completed proxy form to the Company’s office at the following address: 39/5, 3-ya Tverskaya-Yamskaya Street, Building 1, Moscow, 125047.

Further information with regard to the EGM and other related issues will be available on the Company’s website www.sitronics.com.