OREANDA-NEWS. On 31 March 2009 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 the decisions made at the Extraordinary General Meeting of its shareholders (“EGM”) held on March 24, 2009.

The shareholders approved the termination of powers of the Company’s Board of Directors and the election of a new Board of Directors comprising the following 11 members:

Anton Abugov – Non-Executive  Director, SITRONICS; First Vice President, Head of Strategy and Development Functional Division, Sistema;

Yuval Almog – Non-Executive  Director, SITRONICS; Senior Managing Director, Coral Capital Management;

Sergey Aslanian – Director, SITRONICS; President and Chief Executive Officer, SITRONICS;

Sergey Boyev – Non-Executive Director, SITRONICS; Vice President and Head of “High Technologies and Industry” Operating Unit, Sistema;

Alexey Buyanov – Non-Executive  Director, SITRONICS; Senior Vice President, Head of Financial Functional Division, Sistema;

Dmitry Gaev – Non-Executive  Director, SITRONICS; Head of the Moscow Subway;

David Khidasheli – Independent Non-Executive  Director, SITRONICS; Senior Vice President of the World Technology University (WTU) UNESCO;

Nikhad Khurem – Non-Executive director, SITRONICS; First Vice-President, Head of “Development of New Products and Technologies” Division, SITRONICS;

Denis Muratov –  Non-Executive Director, Chairman of the Board of Directors, SITRONICS;

Kirill Poltevskiy – Non-Executive  Director, SITRONICS; Head of Strategy Department of “High Technologies and Industry” Operating Unit, Sistema;

Evgeny Utkin – Non-Executive Director, SITRONICS; Chairman of the Supervisory Board, SITRONICS IT B.V.

In addition, the EGM approved interested party transaction with regards to SITRONICS’ corporate guarantee to support a part of the credit facility provided to INTRACOM S.A. TELECOM SOLUTIONS by National Bank of Greece S.A in December 2005.

At the statutory Board meeting following the EGM, the SITRONICS’ Board of Directors re-elected Denis Muratov as Chairman of the Board of Directors.