AFK Sistema — Director's Dealing 2016

Jun 30, 2016

	1	Name of the issuer:	2	Notification relates to a transaction
	.		.
				notified in accordance with the DTR 3.1.
		SistemaJointStockFinancial
		Corporation
	3	Name of erson discharin manaerial	4	State whether notification relates to a erson
	.	p gg g	.	p
		responsibilities/director		connected with a person discharging
				managerial responsibilities/director named in
		Ms. Elena Leonidovna Vitchak,		3 d idtif th tdN
		Mb f th Mt Bd f		an eny e connece person:o
		emer o e anagemen oar o
		Sistema JSFC
	5.	Notification is made in respect of a	6.	Description of shares (including class),
		i f f i		db dii fiil
		holdng o the person reerred to n 3		eentures or ervatves or nanca
		above		instruments relating to shares:
				Ordinary registered shares of Sistema
				Joint Stock Financial Corporation
	7	Name of reistered shareholders(s) and	8	State the nature of the transaction:
	.	g ,	.
		if more than one, the number of shares		shares acquired
		held by each of them:
		M El Lid Vithk
		s. ena eonovna ca
	9.	Number of shares debentures or	10.	Percentage of issued class acquired (treasury
		,
		financial instruments relating to shares		shares of that class should not be taken into
		id		h lli
		acqure:338,000 shares		account wen cacuatng percentage):0.0035%
	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 20.807	14.	Date and place of transaction:June 30, 2016Moscow, Russian Federation
	15.	Total holding following notification andtotal percentage holding followingnotification (any treasury shares shouldnot be taken into account whencalculating percentage):3,066,524 shares(0.0318%)	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: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. Yuriy KrebsTel.: +7 (495) 730 6600ir@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