Report on Payments to Governments for 2018

Moscow, Russia - 25 June 2019 - Sistema PJSFC ("Sistema" or the "Corporation") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that it has released its Report on Payments to Governments for the year 2018.

The Report provides an overview of the payments to governments made by subsidiary undertakings of Sistema, represented by legal entities of Segezha Group involved in logging activities, for the year 2018 as required under the Disclosure and Transparency Rules issued by the Financial Conduct Authority of the United Kingdom.

The Report has been submitted to the National Storage Mechanism and will be shortly available at www.morningstar.co.uk/uk/NSM.

The report is also available on the Company's website at www.sistema.com/investors-shareholders/information-disclosure.

***

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

Sistema is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2018 was RUB 777.4 bn; total assets equalled RUB 1.5 trn as of 31 December 2018. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com