Ad-Hoc Notice

Moscow, Russia – May 5, 2022 – Sistema PJSFC (“Sistema” or the “Corporation”) (LSE: SSA, MOEX: AFKS) notes recent erroneous media speculation regarding its ownership of RTI and Kronstadt. The Corporation reduced its shareholdings in RTI and Kronstadt below controlling level in July 2021 and has since completely divested from both companies. Sistema currently owns no stakes in any companies in the defence industry.

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Sistema PJSFC is a publicly traded diversified Russian holding company 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 2021 was RUB 802.4 billion; total assets equalled RUB 1.8 trillion as of 31 December 2021. 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.ru.