News Column


July 3, 2014



Moscow, RussiaJuly 3, 2014Sistema JSFC (“Sistema”, the “Group” or the “Company”) (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that Moody’s Investors Service has upgraded Sistema’s credit rating to ‘Ba2’ from ‘Ba3’ with positive outlook. Moody’s also assigned MTS an investment-grade rating of ‘Baa3’ from ‘Ba2’ with a stable outlook and changed to positive from stable the outlook on the Ba2 credit rating of Bashneft.

Vsevolod Rozanov, Senior Vice President, Chief Financial Officer of Sistema, commented: “This upgrade recognises Sistema’s track record of maintaining strong consolidated financial metrics and sustainable margins, as well as the progress made in diversifying our cash generation base through dividend payments and selective divestments. We are also pleased to see our subsidiaries MTS and Bashneft continuing to improve their credit strength.”

For more information on Sistema’s rating please see the full press release from Moody’s Investor Service at:


For further information, please visit www.sistema.comor contact:

Investor Relations

Evgeniy Chuikov

Tel.: +7 (495) 692 1100


Public Relations

Eleonora Veitsman

Tel.: +7 (495) 730 7188

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 US$ 8.2 billion for the first quarter of 2014, and total assets of US$ 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. Website:

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.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might” the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies.

JSFC Sistema

Source: JSFC Sistema

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Source: Business Wire (UK Regulatory)

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