Moskovskaya Birzha MMVB RTS : Sistema reports acquisition of shares under buyback programme

Moscow - Sistema PJSFC ('Sistema' or the 'Company') (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that its wholly-owned subsidiary Sistema Finance JSC ('Sistema Finance') acquired 11,648,700 of the Company's ordinary shares (ISIN: RU000A0DQZE3) pursuant to the buyback programme announced on 17 September 2019 (the 'Programme'). The shares were purchased on Moscow Exchange (MOEX) by the broker on behalf of Sistema Finance between 7 and 13 November 2019 and subsequently transferred to Sistema Finance on 15 November 2019.

Aggregated information:

Date(s) of purchase by the broker on MOEX	Number of shares purchased	VWAP of shares purchased, RUB

07.11.2019					3,141,000			14.90

08.11.2019					2,598,500			14.78

11.11.2019					1,850,500			14.78

12.11.2019					1,627,900			14.88

13.11.2019					2,430,800			14.98

Sistema was notified of the acquisition by Sistema Finance on 18 November 2019.

Since the beginning of the Programme Sistema Finance has acquired 114,303,571 ordinary shares.

Sistema is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2018 was RUB 777.4 bn; total assets equalled RUB 1.5 trn as of 31 December 2018. 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

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]

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of PJSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of PJSFC Sistema and/or any of its subsidiaries and affiliated companies.

Contact PR

Sergey Kopytov

Tel.: [phone]

[e-mail]

Eleonora Veitsman

Tel.: [phone]

[e-mail]

Dmitry Kolchugin

Tel.: [phone]

[e-mail]

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