AFK Sistema — Director's Dealing 2016

Sep 9, 2016

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

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----- Start of picture text ----- 1 Details of the person discharging managerial responsibilities / person closelyassociateda) Name Mr. Valentin Korchunov2 Reason for the notificationa) Position/status Member of Management BoardHead of Investment Portfoliob) Initial notification Initial notification/Amendment3 Details of the issuer, emission allowance market participant, auction platform,auctioneer or auction monitora) Name Sistema Public Joint Stock Financial Corporationb) LEI -4 Details of the transaction(s): section to be repeated for (i) each type of instrument;(ii) each type of transaction; (iii) each date; and (iv) each place where transactionshave been conducteda) Description of the financial Ordinary registered sharesinstrument, type of instrumentIdentification code ISIN RU000A0DQZE3b) Nature of the transaction Purchase of sharesc) Price(s) and volume(s)Price(s) Volume(s)RUB 21.16 49,800RUB 21.19 3,900RUB 21.195 2,200----- End of picture text -----

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----- Start of picture text ----- RUB 21.2 126,400RUB 21.38 200,000RUB 21.39 14,800RUB 21.395 15,800RUB 21.4 569,400d) Aggregated information- Aggregated volume 982,300 shares- Price RUB 20,978,491e) Date of the transaction September 09, 2016f) Place of the transaction Moscow, RussiaMoscow Exchange----- End of picture text -----

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 Public Joint Stock Financial Corporation

Date of notification: September 13, 2016