OREANDA-NEWS. April 27, 2010. 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, today announced that it will issue and place two tranches of three year non-convertible interest-bearing ruble bonds in two series, totaling 5 billion rubles (2 billion rubles and 3 billion rubles respectively). The bonds will be placed in the coming months at 100% of their nominal value of one thousand rubles each, and the coupon will be payable on a six monthly basis. The proceeds of the public offering will be used to refinance the Group’s short-term debt.

The bonds will be listed on the MICEX (Moscow Interbank Currency Exchange) Stock Exchange. The placement date will be announced in due course and JSC Bank of Moscow is the organizer and underwriter of the issues.