11.09.2007    SITRONICS DEPLOYS WiMAX NETWORK TO ZAIN BAHRAIN (FORMER MTC-VODAFONE)

MOSCOW, Russia – September 11, 2007 – 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 a part of its INTRACOM TELECOM subsidiary, INTRACOM MIDDLE EAST, is deploying the WiMAX network for ZAIN Bahrain, one of the leading telecommunication operators in the Kingdom of Bahrain. The US$ 10.2 million project is expected to be completed by the end of September 2007.

INTRACOM MIDDLE EAST deploys a turn-key ISP network using WiMAX access technology to provide mobile, fixed and nomadic voice and data services over the air. This state-of-the-art broadband solution will complement the traditional wireline infrastructure in the Kingdom of Bahrain by providing access to wireless high-speed internet and voice services.

The project deploys cutting edge technologies provided by Cisco Systems for the ISP network and Redline Communications for WiMAX access. INTRACOM MIDDLE EAST will use ZAIN’s support systems to provide WiMAX services.

Mr. Alexandros Manos, Managing Director of INTRACOM TELECOM, commented: “INTRACOM TELECOM has been involved in the evolution of WiMAX since its very first steps. Over the last few years, we have been investing both in developing of technical expertise and our service delivery capability in the region to be able to play a leading role in the deployment of the WiMAX technology and its full integration with the current and Next Generation Networks.”

Dr. Ahmed Al Shatti, COO of ZAIN Bahrain, added: “The launch of ZAIN’s new wireless high-speed broadband internet is the next logical step in our service offering to the Kingdom, as Bahrain has always been the regional pioneer in the telecommunication services arena. We have chosen INTRACOM MIDDLE EAST, the preferred technology partner for the deployment of the WiMAX network, based on the company’s proven track record in implementing large-scale projects in the region.”

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

SITRONICS
Alexander Goldin, IR Director
Tel: +7 495 225 0030
ir@sitronics.com

Elena Sanarova, Public Relations
Tel: +7 495 225 0030
Sanarova@sitronics.com

Shared Value Limited
Investor Relations
Matthew Hooper
Tel: +44 (0) 20 7321 5010
sitronics@sharedvalue.net

ZAIN is the new corporate master brand name for the Group (formerly MTC), the leading mobile telecommunications provider in the Middle East and Africa. The company operates under the Zain brand in Kuwait, Jordan, Bahrain and Sudan. In Iraq it is currently known as mtc-atheer, in Lebanon as mtc-touch and in 14 sub-Saharan countries in Africa as Celtel: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.

In January 2007, the Group launched the ACE (Acceleration, Consolidation, Expansion) strategy to realize its 3x3x3 vision of becoming a top-ten global mobile operator by 2011. Zain is wholly owned by Mobile Telecommunications Company KSC and is listed on the Kuwait Stock Exchange (Stock ticker: ZAIN). The company’s market capitalisation at 6 September, 2007 exceeded US$ 30 billion.

For more information please visit www.zain.com
INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as supplier of integrated solutions and professional services to fixed and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,700 employees, operates subsidiaries in 12 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM has been controlled by JSC SITRONICS (Russia) with 51% ownership. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, a leading diversified holding company in Russia and the CIS. INTRACOM HOLDINGS Group (Greece) retains a 49% stake.
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, Athens, Greece and Moscow, Russia, while the company’s IT Solutions and Microelectronic Solutions divisions are based in Kiev, Ukraine and Zelenograd, Russia respectively.

For the three months ended March 31, 2007, SITRONICS’ revenues were US$ 310 million. As of 31 March 2007, SITRONICS had total assets of US$ 1.97 billion. SITRONICS is majority owned by Sistema, 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, 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.