AFK Sistema : Changes in the shareholdings of members of the Board of Directors in Sistema PJSFC

29/11/2018

Changes in the shareholdings of members of the Board of Directors in Sistema PJSFC

Moscow, Russia- 29 November 2018 - Sistema PJSFC ('Sistema' or the 'Corporation') (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces changes in the shareholdings of members of Sistema's Board of Directors (the 'Board') in the capital of the Corporation.

The stakes of two Board members in Sistema's capital have changed as a result of the transfer by Chairman of the Board of Directors of Sistema Vladimir Evtushenkov of a 2.5% stake in the Corporation's capital to Deputy Chairman of the Board of Directors of Sistema Felix Evtushenkov. As a result, Felix Evtushenkov's stake in the capital of Sistema is 5,1817%, and Vladimir Evtushenkov's shareholding is 59,2030%.

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For further information, please visit www.sistema.com or contact:

Investor Relations Nikolai Minashin Tel: [phone] [e-mail]

Public Relations Sergey Kopytov Tel.: [phone] [e-mail]

Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, tourism and healthcare services. The company was founded in 1993. Its revenue in 2017 reached RUB 704.6bn; its total assets equalled RUB 1.1tn as of 31 December 2017. Sistema's global depositary receipts are listed under the 'SSA' ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the 'AFKS' ticker on the Moscow Exchange. Website: www.sistema.com