OREANDA-NEWS. October 12, 2009. Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, announces that on October 9, 2009 the Board of Directors decided to convene the Extraordinary General Meeting of shareholders of the Company on December 28, 2009 with the following agenda:

1. Early terminating the authorities of members of the Board of Directors of Sistema-Hals OJSC;

2. Electing members of the Board of Directors of Sistema-Hals OJSC;

3. Early terminating the authorities of members of the Auditing Committee of Sistema-Hals OJSC;

4. Electing members of the Auditing Committee of Sistema-Hals OJSC.

The Board also established October 9, 2009 as the Record Date to participate in the Extraordinary General Meeting of shareholders of the Company. The materials for the General Meeting will be available in the Company's registrar offices and published on the Company's web-site before December 8, 2009.

Besides, the Directors decided on their meeting to approve the new registrar - ZAO TSOR. The written notification of the Registrar Services Agreement termination with OJSC Reestr as well as of the registrar change will be distributed to all shareholders in accordance with Russian legislation.