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Mobile services

Sistema in Talks to Sell SSTL to Reliance

MOSCOW -- Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA) today announces that it has entered into exclusive discussions with Reliance Communications (RCOM) on a potential merger between the Indian telecom business of Sistema Shyam TeleServices Ltd. (SSTL) and RCOM, through a stock swap. The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary. There is no certainty that any transaction will result.

Sistema JSFC (London: SSA)

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