OREANDA-NEWS. November 8, 2012. Sistema JSFC (the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, announces that the resolution set out in the Notice of Extraordinary General Meeting (the "EGM") sent to Shareholders on September 25, 2012, was duly passed.

A copy of the resolution passed has been submitted to the UK Listing Authority via the National Storage Mechanism and will be available in due course for inspection at www.hemscott.com/nsm.do.

Sistema is the largest publicly-traded diversified holding company 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 depository 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.