AFK Sistema — Director's Dealing 2015

Jul 13, 2015

	1.	Name of the issuer:SistemaJointStockFinancialCorporation	Name of the issuer:SistemaJointStockFinancialCorporation	2.	Notification relates to a transactionnotified in accordance with the DTR 3.1.
	3	N f di	i il	4.	State whether notification relates to a personconnected with a person dischargingmanagerial responsibilities/director named in3 and identify the connected person:No
	.	ame o person scresponsibilities/directDavid Iakobachvili,Member of the Boa	argng manageraor rd of Directors of
		Sistema JSFC
	5.	Notification is made in respect of aholding of the person referred to in 3above		6.	Description of shares (including class),debentures or derivatives or financialinstruments relating to shares:Ordinary registered shares of SistemaJoint Stock Financial Corporation
	7.	Name of registered shareholders(s) and,if more than one, the number of sharesheld by each of them:David Iakobachvili		8.	State the nature of the transaction:acquisition of shares
	9.	Number of shares, debentures orfinancial instruments relating to sharesacquired:271,875 shares		10.	Percentage of issued class acquired (treasuryshares of that class should not be taken intoaccount when calculating percentage):0.0028%
	11.	Number of shares, debentures orfinancial instruments relating to sharesdisposed:Not applicable		12.	Percentage of issued class disposed (treasuryshares of that class should not be taken intoaccount when calculating percentage):Not applicable
	13.	Price per share or value of transaction:USD 0.40 per share		14.	Date and place of transaction:July 8, 2015Moscow, Russian Federation
	15.	Total holding following notification andtotal percentage holding followingnotification (any treasury shares shouldnot be taken into account whencalculating percentage):759,357 shares and 20,000 GDRs(0.0120%)		16.	Date issuer informed of transaction:July 13, 2015

If a person discharging managerial responsibilities has been granted options by the issuer then complete the following boxes

17.	Date of grant:Not applicable	18.	Period during which or date on whichexercisable:Not applicable
19.	Total amount paid (if any) for grant ofthe option:Not applicable	20.	Description of shares or debentures involved(class and number):Not applicable
21.	Exercise price (if fixed at time of grant)or indication that price is to be fixed atthe time of exercise:Not applicable	22.	Total number of shares or debentures overwhich options held following notification:Not applicable
23.	Any additional information:None	24.	Name of contact and telephone number forqueries:Mr. Evgeniy ChuikovTel.: +7 (495) 692 1100ir@sistema.ru

Name of authorized official of issuer responsible for making notification: Mr. Evgeniy Chuikov – Head of IR of Sistema Joint Stock Financial Corporation

Date of notification: July 13, 2015

Signature of _______________ /____________________/ Sistema Joint Stock Financial Corporation