MOSCOW–(BUSINESS WIRE)–JSC SITRONICS (“SITRONICS” or “The Company”) (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, today announced that the Board of Directors (the “Board”) has set a date for an Extraordinary General Meeting of the Company’s Shareholders (“EGM”) for April 22, 2008.

The Board recommended the EGM to approve the following:

• A corporate guarantee for INTRACOM S.A. TELECOM Solutions for a pending credit transaction
• A corporate guarantee for SITRONICS Telecom Solutions, Czech Republic A.S. for a pending credit transaction
• A series of pending transactions

Shareholders registered at the record date of March 17, 2008, will be eligible to participate and vote at the meeting. Shareholders can submit their votes starting from 22 March, 2008. Shareholders are eligible to participate in the EGM by mailing a duly completed proxy form to the Company’s office at the following address: 39/5, 3-ya Tverskaya-Yamskaya Street, Building 1, Moscow, 125047.

Notice to GDR owners: In order to submit your votes you would need to fill in the voting card received from our GDR depositary (Deutsche Bank Trust Company Americas) and send the votes back to the depositary before the voting deadline. Should you have any questions, please call Tel: 212 250-1504 (New York) or +7 495 9705739 (Moscow) Further information with regard to the EGM and other related issues will be available on the Company’s website www.sitronics.com.