OREANDA-NEWS. Sistema JSFC ("Sistema") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, announces that the contract made by its 100% owned subsidiary, Sistema Finance OJSC, for the acquisition of 162,837,500 Sistema ordinary shares for RUB 7.6 billion that was announced on July 18, 2014, has been terminated and therefore will not be completed. Sistema is assessing potential liabilities and will update the market if and when appropriate.

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 8.2 billion for the first quarter of 2014, and total assets of USD 41.5 billion as at March 31, 2014. 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 Moscow Exchange. Sistema was ranked number 308 in the 2013 edition of the Fortune Global 500 list.

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.