OREANDA-NEWS. November 13, 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, today announced the decisions made at its Board of Directors' meeting, held on October 31, 2007.

The Board of Directors approved the appointment of the Management Board as follows:

• Sergey Aslanyan
• Maxim Ageev
• Dmitry Ivanov
• Gennady Krasnikov
• Alexander Lutsenko
• Evgeny Maximenko
• Alexandros-Stergios Manos
• Oleg Shcherbakov

Sergey Aslanyan, President and Chief Executive Officer of SITRONICS, was elected Chairman of the Management Board.

The Board of Directors also set a date for an Extraordinary General Meeting of SITRONICS shareholders, which will be held on January 24, 2008. Shareholders registered as at the record date of November 2, 2007, will be eligible to participate and vote at the meeting. The purpose of the meeting is the election of the Company's Board of Directors.