MOSCOW, Russia - May 12, 2008 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that Dmitry Ivanov, who has served as Chief Financial Officer, is leaving the Company to pursue an opportunity in another industry sector.

MOSCOW, Russia - April 29, 2008 - JSC SITRONICS ("Sitronics" or the "Group") (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, today announced its unaudited consolidated US GAAP financial results for the fourth quarter and twelve months ended December 31, 2007, have been filed and are available on the Company's website in the www.sitronics.com, in the Investor Relations section.

MOSCOW, Russia - April 7, 2008 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced the delivery of IT infrastructure to Warid Telecom in Uganda. The total value of the contract, signed by INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, is US$ 22.7 million.

MOSCOW, Russia - March 28, 2008 - JSC SITRONICS, a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that it has acquired a 36% stake in Kvazar-Micro from Melrose Holding Company for US$ 116.9 million.

MOSCOW, Russia - March 20, 2008 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, today announced that it has signed a US$ 75 million one-year loan agreement with Dresdner Bank AG as Arranger and Agent and Alexandria Capital plc as Original lender.

MOSCOW, Russia - February 28, 2008 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that the Board of Directors has re-elected Denis Muratov as Chairman of the Board for another term. Mr. Muratov is Vice President for Innovations and Science at SISTEMA.

MOSCOW, Russia - February 18, 2008 - JSC SITRONICS, a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that it has started the process of consolidation of a 100% stake in Kvazar-Micro Corporation B.V. SITRONICS currently owns a 51% stake in Kvazar-Micro. During the first stage of the transaction, the 36% stake will be acquired from Melrose Holding Company for US$ 116.9 million. The acquisition will be financed by a combination of cash and SITRONICS' stock. As a result of the transaction, Melrose Holding Company will acquire a 3.07% stake in SITRONICS. Kvazar-Micro will acquire the remaining 13% of its shares from Melrose Holding Company within two years.

MOSCOW, Russia - February 4, 2008 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced the appointment of Pavel Pavlovsky as Vice President, Head of SITRONICS' Telecom Solutions Division. Mr. Pavlovsky previously held the position of General Director of MTS-Ukraine.

SITRONICS Telecom Solutions business division to participate at Mobile World Congress, Barcelona, Spain, February 11-14.

MOSCOW--Jan. 31, 2008--JSC SITRONICS ("SITRONICS" or "The Company") (LSE:SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that its telecommunications solutions business unit, SITRONICS Telecom Solutions, Czech Republic ("SITRONICS TS, CZ"), has signed two contracts with MTS-Ukraine (formerly UMC), one of the leading Ukrainian mobile operators, which provides services to nearly 20 million users. The total value of the contracts is approximately US$
12.4 million.

MOSCOW, Russia - January 24, 2008 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced the decisions made at the Extraordinary General Meeting of its shareholders ("EGM") held on January 24, 2008.
The shareholders approved the termination of powers of the Company's Board of Directors and the election of a new Board of Directors comprising the following 11 members:

MOSCOW, Russia - 5 December, 2007 - JSC SITRONICS ("SITRONICS" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that it has signed three contracts totalling US$ 39 million to supply technological equipment and telecommunications solutions to MTS Ukraine, one of the largest mobile operators in Ukraine.