REG-JSC Sitronics Director/PDMR Shareholding

MOSCOW--(Business Wire)--

FOR IMMEDIATE RELEASE July 30, 2009

SITRONICS BUYS BACK PART OF MANAGEMENT AND DIRECTORS` SHARES

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 changes to the Management Board and Board of Directors`
shareholdings in SITRONICS.

Following the allocation of shares under the share option programme launched in
March 2006, each of the following option programme participants` shareholdings
in SITRONICS decreased to cover personal income tax obligations arising from the
exercise of the share options in July 2008.

The shares were repurchased from the members of SITRONICS` Management Board and
Board of Directors by SITRONICS-Management LLC, according to the existing Share
Repurchase Agreement.

The option programme participants` shareholdings now stand as follows:

* Sergey Aslanian - President and CEO of SITRONICS, Member of the Board of
Directors and Member of the Management Board - has sold 4,970,003 shares, which
represents 0.056% of SITRONICS` total outstanding share capital, at a price of
RUB 0.947 per share, and therefore reduced his shareholding to a total of
41,665,289 shares representing 0.473% of SITRONICS`s total outstanding share
capital
* Nikhad Khurem - Member of the Board of Directors - has sold 5,599,714 shares,
which represents 0.063% of SITRONICS` total outstanding share capital, at a
price of RUB 0.954 per share, and therefore reduced his shareholding to a total
of 27,073,936 shares representing 0.307% of SITRONICS`s total outstanding share
capital
* Konstantin Khachaturov - Vice President for Corporate Development and Member
of the Management Board - has sold 661,826 shares, which represents 0.007% of
SITRONICS` total outstanding share capital, at a price of RUB 0.947 per share,
and therefore reduced his shareholding to a total of 5,553,710 shares
representing 0.063% of SITRONICS`s total outstanding share capital
* Gennady Krasnikov - Head of SITRONICS Microelectronic Solutions and Member of
the Management Board - has sold 4,067,430 shares, which represents 0.046 % of
SITRONICS` total outstanding share capital, at a price of RUB 0.947 per share,
and therefore reduced his shareholding to a total of 164,825,088 shares
representing 1.871% of SITRONICS`s total outstanding share capital
* Alexander Krasovsky - Vice President for Sales and Marketing, Member of the
Management Board - has sold 827,282 shares, which represents 0.009% of
SITRONICS` total outstanding share capital, at a price of RUB 0.947 per share,
and therefore reduced his shareholding to a total of 6,942,138 shares
representing 0.078% of SITRONICS`s total outstanding share capital
* Alexandros Manos - CEO of INTRACOM TELECOM and Member of the Management Board
- has sold 9,386,376 shares, which represents 0.106% of SITRONICS` total
outstanding share capital, at a price of RUB 0.947 per share, and therefore
reduced his shareholding to a total of 6,913,386 shares representing 0.078% of
SITRONICS`s total outstanding share capital
* Mikhail Minkovsky - Vice President for New Technologies and Member of the
Management Board - has sold 994,001 shares, which represents 0.011% of
SITRONICS` total outstanding share capital, at a price of RUB 0.947 per share,
and therefore reduced his shareholding to a total of 8,333,058 shares
representing 0.094% of SITRONICS`s total outstanding share capital
* Oleg Sherbakov - Vice President for Corporate Property and Member of the
Management Board - has sold 581,061 shares, which represents 0.006% of
SITRONICS` total outstanding share capital, at a price of RUB 0.947 per share,
and therefore reduced his shareholding to a total of 1,941,584 shares
representing 0.022 % of SITRONICS`s total outstanding share capital

According to the Disclosure and Transparency Rules of the Financial Services
Authority, SITRONICS` treasury shares were not included in the calculation of
respective holdings. The indicated total outstanding share capital also excludes
SITRONICS` treasury shares.

***

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

Corporate Communications Shared Value Limited

Irina Lanina Anastasia Gorokhova
Vice President
Investor Relations
Tel: +7 495 225 0030
Tel: +44 (0) 20 7321 5010
lanina@sitronics.com sitronics@sharedvalue.net

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
around 10,000 employees of whom approximately 4,500 are involved in research and
development.

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

SITRONICS generated revenues of US$ 214.9 million for the three months ended
March 31, 2009 and had total assets of US$ 1,743.6 million at the end of the
period. SITRONICS is majority owned by Sistema, the largest public diversified
corporation in Russia and the CIS, which manages fast growing companies
operating in the consumer services sector.

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, Arcelor Mittal (formerly Mittal Steel) 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 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.

JSC Sitronics

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