OREANDA-NEWS. July 18, 2013. Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, announces that it has completed the sale of its stake in OJSC Oil and Gas Company RussNeft on the previously announced terms.

Sistema is the largest 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, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of USD 8.3 billion for the first quarter of 2013, and total assets of USD 44.9 billion as at March 31, 2013. 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 MICEX-RTS Stock Exchange. Sistema was ranked number 315 in the Fortune Global 500 list. Website: www.sistema.com