AFK Sistema — Director's Dealing 2015

Jul 13, 2015

	1.	Name of the issuer:SistemaJointStockFinancialCorporation		2.
	3.	Name of person discharging managerialresponsibilities/directorPeter Mandelson,Member of the Board of Directors ofSistema JSFC		4.	State whether notification relates to a personconnected with a person dischargingmanagerial responsibilities/director named in3 and identify the connected person:No
	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:Peter Mandelson		8.	State the nature of the transaction:acquisition of shares
	9.	Number of shares, debentures orfinancial instruments relating to sharesacquired:284,375 shares		10.	Percentage of issued class acquired (treasuryshares of that class should not be taken intoaccount when calculating percentage):0.0029%
	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 1: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):360,208 shares(0.0037%)		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.	17.	Date of grant:Not applicable	18.	Period during which or date on whichexercisable:Not applicable	Period during which or date on whichexercisable:Not applicable	Period during which or date on whichexercisable:Not applicable	Period during which or date on whichexercisable:Not applicable
19.		Total amount paid (if any) for grant of	20.	Description of shares or debentures involved(class and number):Not applicable
		the option:Not applicable		(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 numbwhich optiNot applic	er of shares or deons held followingable	bentures overnotification:
23.		Any additional information:None	24.	Name of cqueries:Mr. EvgeTel.: +7 (4ir@sistem	ontact and telephoniy Chuikov95) 692 1100a.ru	ne number for

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