OREANDA-NEWS. On October 31, 2007 JSC Sistema-Hals (LSE, MICEX, RTS: HALS), a leading, diversified company in the Russian and CIS real estate market, has announced the beginning of trading in its ordinary, dematerialised registered shares on RTS, reported the press-centre of Sistema.

Shares in JSC Sistema-Hals have been included on the exchange's list of ‘securities admitted to trading but not officially listed', from 30 October 2007, under the ticker HALS.

"We believe that joining RTS will help make Sistema-Hals shares more attractive for investors and boost the company's market capitalisation," commented Sistema-Hals President Felix Evtushenkov.

About Sistema-Hals:
Sistema-Hals OJSC is one of the leading diversified companies operating on the real estate market of Russian and the CIS. The company's core businesses are real estate development, project and construction management, real estate asset management and facility management.

Sistema-Hals was the first Russian development company to list on the Main Market of the London Stock Exchange. The company's shares are also traded on the Moscow Interbank Currency Exchange (MICEX) and the Moscow Stock Exchange. The AFK-Sistema group owns 71,1% of shares in Sistema-Hals, while 18% of the company's shares have been floated. Sistema-Hals is one of the largest real estate companies in Central and Eastern Europe in terms of market capitalisation.

Since its establishment in 1994, Sistema-Hals has successfully completed more than 30 projects with a total area of more than 265,000 sq. m. Among them are the headquarters of DaimlerChrysler, the Hals-Tower office building, the headquarters of the TMK Pipe Metallurgical Plant and a hotel for the MaMaison hotel chain (Orco Property Group).

Sistema-Hals is now building the Leningradsky Towers complex, consisting of two buildings, one of which will house the Moscow headquarters of Siemens. It is also working on an integrated programme for the redevelopment of properties belonging to the Moscow City Telephone Network (MGTS), the reconstruction of the Peking Hotel and the Central Detsky Mir ("Children's World") department store on Lubyanka Square and a number of other projects.

Sistema-Hals has built up a broad and well-balanced portfolio of assets in growing segments of the market. The company focuses on building Class A and B offices, mixed-use complexes, business class apartment buildings, single-family housing developments and land development.

As at 1 July 2007, Cushman & Wakefield valued Sistema-Hals' interest in the facilities and projects within its portfolio at $2.882 billion.