07.04.2008    SITRONICS ENTERS AFRICAN TELECOMMUNICATIONS MARKET

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.

Within the framework of the agreement, SITRONICS Telecom Solutions business division provides the FORIS Next Generation Convergent Integrated Customer Care & Billing Platform and a suite of state-of-the-art Operational Support Systems to Warid Telecom. This joint cooperation between INTRACOM TELECOM and SITRONICS Telecom Solutions Czech Republic, demonstrates a high level of synergy within the telecom solutions business division. The implementation of the project will support Warid Telecom's network development and expand its offering in the Ugandan market.

Mr. Alexandros Manos, Managing Director of INTRACOM Telecom, commented: "We see Uganda as a rapidly developing and promising telecom market. Over the last 10 years, INTRACOM TELECOM has been expanding its presence in the MEA region. The contract with Warid Telecom strengthens our position on the African continent and provides the platform for further development in the region. We are confident that our solutions will support Warid Telecom in achieving its business goals."

Mr. Zul Javaid, Country General Manager of Warid Telecom, added: "Warid Telecom selected Intracom Telecom based on its capabilities as a systems integrator, which brings together multiple systems, including Billing, CRM, Contact Center and Enterprise Support System (ESS), under one umbrella".

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

Alexey Tischenko
Corporate Finance, Director
Tel: +7 495 221 4943
ir@sitronics.com
Shared Value Limited
Investor Relations
Larisa Kogut-Millings
Tel: +44 (0) 20 7321 5037
sitronics@sharedvalue.net

Warid Telecom is owned by the Abu Dhabi Group‚ led by His Highness Sheikh Nahayan Mabarak Al Nahayan. Warid Telecom is one of the region's fastest expanding telecommunication operators with operations in Pakistan, Bangladesh, Uganda and in the Republic of Congo. It has also undertaken network rollouts in Cote d'Ivoire and in Georgia. For more information on the Uganda operation, please visit www.waridtel.co.ug

SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Central and Eastern Europe and a growing presence in the Middle East and Africa.

SITRONICS serves over 3,500 clients, maintains offices in 32 countries and exports its products and services to more than 60 countries. SITRONICS has over 10,000 employees.

SITRONICS' key Telecommunication Solutions operations are based in Prague, Czech Republic and Athens, Greece and Moscow, Russia, while the company's IT Solutions and Microelectronic Solutions divisions are based in Kiev, Ukraine and Zelenograd, Russia, respectively.

SITRONICS generated revenues of US$ 1,014.6 million for the nine months ended September 30, 2007 and had total assets of US$ 1.78 billion at the end of the period. SITRONICS is majority-owned by Sistema, which is the largest diversified holding company in Russia and CIS.

SITRONICS has developed strategic alliances in its home markets with Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient in relation to certain products and services. SITRONICS has vendor relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE, Cosmote, Vodafone, Ericsson and TCL.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of SITRONICS. You can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. We do not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, and other factors specifically related to SITRONICS and its operations.

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 SITRONICS, 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 securities of SITRONICS.