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Sistema-Hals Annual Report 2008 recognized one of the best again

MOSCOW, RUSSIA - November 26, 2009 - Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, announces that its Annual Report 2008 was recognized one of the best again.

The Company won the II prize in the main category of the XII Annual Awards in the Russian Federation - "The Best Information Disclosure in the Annual Report by Companies with Less than 10 Bln RUB Market Capitalization". Since 1998 the contest has been organized by RTS Exchange and is still one of the major events for Russian issuers. In 2009, there were 125 companies from Russia and CIS who took part in the XII Annual Awards.

Ulyana Denga, Director for Investor Relations commented on the prize, "Information disclosure in Annual Report is one of our steps towards Sistema-Hals transparency. This year the Company participated in three Russian major annual awards, and won in two of them. On behalf of Sistema-Hals, I would like to thank members of the jury for the high ratings of the Company's efforts".

For further information please contact:

Ulyana Denga
Director
IR Department
Tel. +7 (495) 785-4214
Cell +7 (903) 2626 529
denga@sistema-hals.ru

Anna Zavialova
Director
PR Department
Tel. +7 (495) 785-7764
zavialova@sistema-hals.ru

Sistema-Hals ("the Company") is a leading diversified company in the Russian and CIS real estate market. The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange and in the Russian Trading System Stock Exchange.

Starting operations in 1994, Sistema-Hals has successfully completed about 40 projects with a total area in the region of over 400,000 square metres, including the headquarters of DaimlerChrysler, the Hals Tower office building, the headquarters of Trubnaya Metallurgical Company, a hotel for the MaMaison chain (Orco Property Group), residential projects in Kuntsevo district.

Sistema-Hals has assembled a balanced and diversified portfolio of assets in fast-growing sectors of the market. The Company's strategy is focused on building Class A and B office space, mixed-use retail and office complexes, business-class residential buildings.

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The information in the press release may contain forward-looking statements regarding future events or the future financial performance of Sistema-Hals. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date thereof or to reflect the occurrence of unanticipated events.