OREANDA-NEWS. On 25 December 2008 JSC SITRONICS (SITRONICS or the “Group”) (LSE: SITR), a leading provider of telecommunications, information technology 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 the Company’s Extraordinary General Meeting of Shareholders (“EGM”) for March 24, 2009.

The Board has recommended the EGM the following:

   1)  Re-elect the members of the Board of Directors of JSC SITRONICS;

   2)  Approve a pending transaction

Shareholders at the record date of December 29, 2008, are eligible to participate in the EGM. The EGM will take place at 12.00 pm Moscow time at the following address: 39/5, 3-ya Tverskaya-Yamskaya Street, Str. 1, Moscow, 125047, Russia.

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