OREANDA-NEWS. October 3, 2012. Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announces that during the period of September 17-26, 2012 it has purchased 843,747 Sistema Global Depositary Receipts (which accounts for approximately 0.17% of the Company's charter capital) and 2,637,100 Sistema ordinary shares (which accounts for approximately 0.03% of the Company's charter capital). The depositary receipts and ordinary shares were purchased within the framework of the Company's buyback programme, announced on May 31, 2012.

The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.Sistema is the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the company reported revenues of USD 8.1 billion for the second quarter of 2012, and total assets of USD 43.6 billion as at June 30, 2012. Sistema's global depositary receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the MICEX-RTS Stock Exchange, and under the symbol "SIST" on the Moscow Stock Exchange (MSE). Sistema was ranked number 315 in the 2011 edition of the Fortune Global 500 list.