Sistema-Hals JSC - New infrastructure completed : NON-REG

Mon Jan 14, 2008 5:17am EST

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RNS Number:6856L
Sistema-Hals JSC
14 January 2008



  SISTEMA HALS ANNOUNCES THE COMPLETION OF A NEW SECTION OF THE ZVENIGORODSKY
                               PROSPEKT IN MOSCOW


         New section includes Europe's highest cable suspension bridge


MOSCOW, RUSSIA, 14 January 2008 - Sistema-Hals OJSC (LSE, MICEX, RTS: HALS), one
of the leading diversified real estate companies in Russia and the CIS, is
pleased to announce that a new section of Zvenigorodsky Prospekt was officially
open at the end of December 2007 in the presence of Moscow Mayor Yuri Luzhkov.
The 7 km section of road, which stretches from the Moscow ring road to Prospekt
Marshala Zhukova, includes the Zhivopisny cable suspension footbridge across the
Moskva River, which at 105 meters is the highest of its kind in Europe.  The
construction project was managed by PSO Sistema-Hals, a subsidiary of
Sistema-Hals.

Construction of the new section of road began in 2004. It is characterised by
its unique architecture and state of the art engineering design.

The cable suspension footbridge, which is 1,460 meters long, includes a 409.5
metre section suspended by 72 individual cables from a supporting pylon 30
metres above the water. The rigid metallic arch of the pylon, which is at 90
degrees to the road on fixed supports mounted in the water, stands 105 metres
above the river.

To take advantage of the bridge's dominant position, with picturesque views of
the surrounding area, a transparent sphere has been mounted just below the arch
at a height of 87.3 metres, with a closed observation deck and a 100-seat
restaurant.

The architecture and innovative engineering techniques used in designing the
two-level tunnels and bridge have been highly rated by specialists at a number
of international exhibitions, forums and innovation showrooms.

The newly opened road section begins near the Novorizhskoye Shosse, Moscow's
ring road interchange, which is currently under reconstruction. From there it
passes through a set of tunnels under the Serebryany Bor forest area and, after
crossing the Moskva River, approaches Prospekt Marshala Zhukova, which is also
currently undergoing reconstruction. From there, the road leads on to the Garden
Ring near Sadovo-Kudrinskaya Square, creating a direct link between Novaya Riga
and Moscow city centre.

The design includes an innovative two-level tunnel structure which was used in
the construction of the northwest tunnels. This made it possible to extend the
route of Zvenigorodsky Prospekt from the ring road to the Moskva River and to
simultaneously build a metro line to the Strogino district without damaging the
Serebryany Bor nature reserve. This is the first construction project in the
world to combine a road and an underground railway within a single space.

The two main transport tunnels, each 14 metres in diameter, are divided into
three tiers:
     
-    An upper level designed to remove exhaust fumes;

-    A middle level for three lanes of car traffic;

-    A lower level for one track of the Strogino metro line running
     between the Strogino and Krylatskaya stations.

The construction includes a six-metre wide service tunnel, situated between the
two main tunnels, designed to facilitate evacuation in the event of an emergency
and to house cable, ventilation channels and other utilities.


                                     -Ends-


About Sistema-Hals

OJSC Sistema-Hals is a leading diversified company in the Russian and CIS real
estate market. The core businesses of Sistema-Hals are development, project
management and construction, and property and facilities management.

Sistema-Hals was the first Russian property developer to list its shares on the
main market of the London Stock Exchange. The company's shares are also listed
on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange. Parent
company Sistema holds a 71.1% stake and there is an 18% free float. Sistema-Hals
is one of the largest companies by capitalisation operating in the real estate
markets of central and Eastern Europe.

Since starting operations in 1994, Sistema-Hals has successfully completed more
than 30 projects with a total area in excess of 300,000 square metres, including
the headquarters of DaimlerChrysler, the Hals Tower office building, the
headquarters of Trubnaya Metallurgical Company and a hotel for the MaMaison
chain (Orco Property Group).

At present Sistema-Hals is constructing the Leningradsky Towers complex, which
comprises two buildings, one of which will be the headquarters of Siemens in
Moscow. It is also carrying out a complex redevelopment of the property
portfolio of Moscow City Telephone Network, rebuilding the Hotel Peking and the
flagship Children's World toy store near Lubyanka Square, and pursuing a series
of other projects.

Sistema-Hals has assembled a balanced and diversified portfolio of assets in
fast-growing sectors of the market. The company strategy is focused on building
Class A and B office space, mixed-use retail and office complexes,
business-class homes, residential estates and land development.

Cushman & Wakefield valued Sistema-Hals' share of the properties and projects in
its portfolio at USD 2,882m as at 1 July 2007.


For further information please contact:

Anton Klimenko                                Anna Zavialova
Head of Investor Relations                    PR Manager
Sistema-Hals                                  Sistema-Hals
tel. +7 (495) 785-7742 (ext 3350)             tel. +7 (495) 785-7764
fax +7 (495) 785-7747                         zavialova@sistema-hals.ru
klimenko@sistema-hals.ru



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