Moscow, 10 February 2016. - Sistema JSFC (LSE:SSA, hereinafter - Sistema), a diversified public holding company, announces that it has signed a legally binding agreement to acquire 2,641,957 ordinary shares of PJSC MTS Bank (hereinafter - MTS Bank), placed as part of an earlier approved additional issue, for a total consideration of RUB 3.7 billion.

As a result of the transaction, Sistema's share in the capital of MTS Bank will increase from 69% to 70%.

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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 invests in and 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 515.9 billion for the nine months of 2015, and total assets of RUB 1.2 trillion as at September 30, 2015. 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. Website: www.sistema.com

Afk Sistema OAO issued this content on 10 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 07:16:05 UTC

Original Document: http://www.sistema.com/press/press-releases/detail/article/21671/