MOSCOW, Russia– May 18, 2012 – JSC SITRONICS (“SITRONICS” or the “Company”) (LSE: SITR), the leading provider of technology solutions in Russia and the CIS, today announces that on May 16, 2012, within the framework of OJSC RTI’s Voluntary Tender Offer (“VTO”), Deutsche Bank Trust Company Americas, the depositary bank (“Depositary”) for SITRONICS’ Depositary Receipt (“DR”) programmes, completed receiving instructions from DR holders to sell their shares underlying SITRONICS DRs. The Depositary received these instructions in accordance with established terms and conditions as well as terms of the Depositary Agreements.

RTI’s VTO to acquire up to 36.926% of SITRONICS’ ordinary registered shares was made in respect of all the Company’s shares, including the shares underlying DRs, which are not currently owned directly by RTI. 

The DR programmes comprise 14.4% of the share capital of SITRONICS. According to Deutsche Bank Trust Company Americas, over 97% of DRs were tendered within the framework of the VTO.

As previously announced, SITRONICS received the VTO documentation from RTI on March 13, 2012, following the expiration of the statutory review period for the VTO set by the Federal Service for Financial Markets. The VTO remains open to SITRONICS’ shareholders for 70 days from the date when SITRONICS received the VTO and expires on May 22, 2012 (inclusive).