Moscow, Russia – April 25, 2012 – Sistema JSFC (“Sistema”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announced that it has convened an Extraordinary General Meeting of shareholders. The EGM will be convened by proxy and the final date for the receipt of ballots is June 14, 2012.

The EGM is called to approve a related party transaction involving the swap of the assets of OJSC Bashkirenergo between Sistema JSFC and OJSC INTER RAO UES. 

Shareholders registered on the record date of April 26, 2012 will be eligible to participate in, and vote at, the EGM by proxy. The EGM materials will be available from May 14, 2012 on Sistema’s website at www.sistema.com or by request from Sistema’s head office during working hours.