9.00 AM (ET) / 2.00 PM (UK) / 3.00 PM (CET) / 5.00 PM (MOSCOW)

Host:
Pavel Kim - Investor Relations Officer    

Speakers:
Leonid Melamed - President and Chief Executive Officer
Anton Abugov - First Vice President, Head of Strategy and Development Functional Division        
Alexey Buyanov - Senior Vice President, Head of Financial Functional Division        
 

To participate in the conference call, please dial:

UK/ International: +44 20 8515 2301

US:  +1 480 629 1990 

A replay number will be available for 7 days after the conference call. To access the replay, please dial:

UK/ International: +44 20 7154 2833

US:  +1 303 590 3030

The replay access number is 391961#

You may also contact Shared Value on +44 (0)20 7321 5010 or visit www.sistema.com for further details.

Sistema is the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the consumer services sector and has over 100 million customers. Sistema develops and manages market-leading businesses in selected service-based industries, including telecommunications, high technologies, radio- and space technologies, banking, real estate, retail, media, tourism and healthcare. Founded in 1993, the company reported unaudited revenues of US$ 3.8 billion for the first quarter of 2008, and total assets of US$ 30.3 billion as at March 31, 2008. Sistema's shares are listed under the symbol "SSA" on the London Stock Exchange, under the symbol "AFKS" on the Russian Trading System (RTS), under the symbol "AFKC" on the Moscow Interbank Currency Exchange (MICEX), and under the symbol "SIST" on the Moscow Stock Exchange (MSE).