AFK Sistema — Director's Dealing 2016

Jun 29, 2016

1.	Name of the issuer:SistemaJointStockFinancialCorporation	2.	Notification relates to a transactionnotified in accordance with the DTR 3.1.
3.	Name of person discharging managerialresponsibilities/directorMr. Mikhail Valerievich Shamolin,CEO, Chairman of the ManagementBoard, Member of the Board ofDirectors of Sistema 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:Mr. Mikhail Valerievich Shamolin	8.	State the nature of the transaction:shares acquired
9.	Number of shares, debentures orfinancial instruments relating to sharesacquired:3,464,100 shares	10.	Percentage of issued class acquired (treasuryshares of that class should not be taken intoaccount when calculating percentage):0.0359%
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:RUB 20.1989	14.	Date and place of transaction:June 29, 2016Moscow, Russian Federation
15.	Total holding following notification andtotal percentage holding followingnotification (any treasury shares shouldnot be taken into account whencalculating percentage):22,247,143 shares (0.2305%)	16.	Date issuer informed of transaction:July 01, 2016

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

17.	Date of grant:	18.	Period during which or date on which
	Not applicable		exercisable:Not applicable
19.	Total amount paid (if any) for grant of	20.	Description of shares or debentures involved
	the option:Not applicable		(class and number):Not applicable
21.	Exercise price (if fixed at time of grant)	22.	Total number of shares or debentures over
	or indication that price is to be fixed at		which options held following notification:
	the time of exercise:Not applicable		Not applicable
23.	Any additional information:None	24.	Name of contact and telephone number for
			queries:
			Mr. Yuriy Krebs
			Tel.: +7 (495) 730 6600
			ir@sistema.ru

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

Date of notification: July 01, 2016

Signature of _______________ /____________________/ Sistema Joint Stock Financial Corporation