RNS Number : 5495X
JSFC Sistema
06 May 2016
FOR IMMEDIATE RELEASE
Notification of change of depositary
Moscow, Russia - May 6, 2016 - Sistema JSFC ("Sistema" or "the
Company") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS,
announces that Citibank, N.A. has replaced Deutsche Bank AG as the depositary for the Company's Global Depositary Receipt ("GDR")
programmes, effective May 6, 2016. The Company and Citibank, N.A. have entered into amendments to the Regulation S deposit
agreement and Rule 144A deposit agreement, each dated October 22, 2012 and relating to the GDR programmes (as amended, the
"Agreements").
Sistema's GDR holders do not need to take any action in connection with this notice.
Information regarding the new depositary:
Citibank, N.A. was originally organized on June 16, 1812, and is now a national banking
association organized under the National Bank Act of 1864 of the United States of America. Citibank, N.A. is primarily
regulated by the United States Office of the Comptroller of the Currency. Citibank, N.A.'s
principal administrative offices for its Depositary Receipts Services division are located at 388 Greenwich Street, New York, New
York 10013, USA.
For more information about Citibank, N.A.'s Depositary Receipt Services please
visit www.citi.com/dr
Copies of the Agreements are on file with Citibank, N.A. and shall be available to Sistema's GDR
holders for inspection during normal business hours on any New York business day at the specified office of Citibank,
N.A.
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For further information, please visit www.sistema.com or contact:
Sistema is a publicly-traded diversified holding company in Russia and the CIS, which is a major
shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, radars and
aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of
RUB 708.6 billion for 2015, and total assets of RUB 1.3 trillion as at December 31, 2015. 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 Moscow Exchange. Website: www.sistema.com
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. In addition, there is no assurance that the new contracts referenced above will be completed on
the terms contained therein or at all. 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 information is provided by RNS
The company news service from the London Stock Exchange
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