OREANDA-NEWS. On 28 April 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 its unaudited consolidated US GAAP financial results for the fourth quarter and full year 2008.

FULL YEAR FINANCIAL HIGHLIGHTS

Consolidated revenues up 24% year on year to USD  2.001 billion

Telecommunication Solutions revenues up 38% year on year to USD  787.1 million; Information Technologies revenues up 14% year on year to USD  873.2 million and Microelectronic Solutions revenues up 34% year on year to USD  291.7 million OIBDA* profit of USD  133.1 million compared to an

OIBDA loss of USD  101. million in 2007 Net profitable excluding foreign exchange losses

77% year on year reduction in net loss to USD  53.9 million, including USD  55.0 million of foreign exchange losses in 2008

Net cash flow from operations of USD  22.1 million Total assets up 7% year on year to USD  2.017 billion

USD  926 million of new contracts secured since beginning of 2008

FOURTH QUARTER FINANCIAL HIGHLIGHTS

Consolidated revenues up 1% year on year to USD  612.3 million and up 5% year on year at constant exchange rates

OIBDA profit up almost ten times year on year to USD  62.5 million Net profitable excluding foreign exchange losses

83% year on year reduction in net loss to USD  7.8 million, including USD  40.8 million of foreign exchange losses in 2008.