Ad-Hoc Notice

Moscow, Russia - 27 April 2022 - Sistema PJSFC ("Sistema" or the "Corporation") announces that pursuant to Federal Law No. 114-FZ on Amendments to the Federal Law on Joint-Stock Companies and Certain Legislative Acts of the Russian Federation (the "114-FZ Law") it has submitted an application to the Ministry of Finance of the Russian Federation, seeking a permission to maintain circulation of Sistema's global depositary receipts outside the Russian Federation including ongoing circulation on the London Stock Exchange. In accordance with applicable Russian laws and regulations the Request will be considered by the Government Commission on Monitoring Foreign Investment in the Russian Federation.

Previously, effective on 27 April 2022, 114-FZ Law prohibited placement and circulation of depositary receipts representing shares of Russian issuers on foreign stock exchanges.

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For further information, please visit www.sistema.ru or contact:

Sistema PJSFC is a publicly traded diversified Russian holding company in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2021 was RUB 802.4 billion; total assets equalled RUB 1.8 trillion as of 31 December 2021. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.ru.