04.06.2008    CONFERENCE CALL TO DISCUSS FINANCIAL RESULTS FOR THE FIRST QUARTER 2008

TUESDAY, 10 June 2008

8.30 AM (ET) / 1.30 PM (UK) / 2.30 PM (CET) / 4.30 PM (MOSCOW)

Host:
Irina Lanina - Vice-president, Corporate communications

Speakers:
Sergey Aslanian - President and Chief Executive Officer
Maxim Zhukov - acting Chief Financial Officer
Alexander Lutsenko - First Vice President, Chief of Strategy

To participate in the conference call, please register at:

www.sharedvalue.net/sitronics/1Q2008

The dial in number to join the conference call will be available upon registration.

You may also contact Shared Value on +44 (0)20 7321 5010 for further details.

SITRONICS (LSE: SITR) 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), 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$ 1.62 billion for the twelve months ended December 31, 2007, and had total assets of US$ 1.9 billion at the end of the period. SITRONICS is majority-owned by Sistema (61.3%), which is the largest diversified holding company in Russia and the CIS. SITRONICS' shares are listed under the symbol "SITR" on the London Stock Exchange, the Russian Trading System (RTS), and the Moscow Stock Exchange (MSE).

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, as well as OTE, Cosmote, Vodafone, Ericsson and TCL.