OREANDA-NEWS. Wednesday, 17 September 2008.
 
9.00 AM (ET) / 2.00 PM (UK) / 3.00 PM (CET) / 5.00 PM (MOSCOW)

Host:
Pavel Kim - Investor Relations Officer

Speakers:
Leonid Melamed - President and Chief Executive Officer

Anton Abugov - First Vice President, Head of Strategy and Development Functional Division 
     
Alexey Buyanov - Senior Vice President, Head of Financial Functional Division      
 
To participate in the conference call, please dial:

UK/ International: +44 20 8515 2301

US:  +1 480 629 1990

A replay number will be available for 7 days after the conference call. To access the replay, please dial:

UK/ International: +44 20 7154 2833

US:  +1 303 590 3030

The replay access number is 391961#

You may also contact Shared Value on +44 (0)20 7321 5010 or visit www.sistema.com for further details.