MOSCOW, Russia - July 2, 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 INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, has signed a EUR150 million bond loan agreement arranged jointly by Alpha Bank, HSBC, Geniki bank, National Bank of Greece and Piraeus Bank.

MOSCOW, Russia - July 1, 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 Marina Zabolotneva as Chief Financial Officer, with immediate effect. Mrs. Zabolotneva previously held the position of Chief Financial Officer at Intourist, a large universal operator in the Russian tourism market.

MOSCOW, Russia - June 30, 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 meeting of the Board of Directors on June 30, 2008.

MOSCOW, Russia - June 26, 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 decisions made at the Annual General Meeting of its shareholders ("AGM") on June 26, 2008.

Athens, June 19, 2008 - INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today announced receiving the award of "Best EMEA Partner of the Year 2007" for the wider region of the Middle East & Balkans at the GENESYS EMEA Partner Forum 2008, held recently in Berlin, Germany.

MOSCOW, Russia - June 10, 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 summary unaudited consolidated US GAAP financial results for the first quarter ended March 31, 2008.

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Athens, June 02, 2008 - INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today announced six new WiBAS Point-to-Multipoint deployments in Europe and the CIS since the beginning of 2008.

MOSCOW, Russia - May 21, 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 (the "Board") has set a date for the Annual General Meeting of the Company's Shareholders ("AGM") for June 26, 2008. The AGM will take place at 4.00 pm Moscow time at the following address: 39/5, 3-ya Tverskaya-Yamskaya St., Str. 1, Moscow, 125047, Russia.

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.