Bondholder Proposal Following the previous communication on 25 February 2009, Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff. Credit Systems' Bank (TCS Bank) informs Bondholders that the Proposal has now been sent. Details of the proposal and timelines are now available on Tinkoff's website - http://www.eginvestments.net For additional information Oliver Hughes, President tel: +7 495 648 1000 e-mail: o.hughes@tcsbank.ru Ilya Pisemsky, CFO tel: +7 495 648-1000 e-mail: i.pisemsky@tcsbank.ru web: www.eginvestments.net/ Bank 'Tinkoff. Credit Systems' is Russia's first monoline bank, specialising exclusively on the issuing and servicing of credit cards. The bank was founded by the famous Russian entrepreneur, Oleg Tinkov. In October 2007, the international investment bank Goldman Sachs became a shareholder. TCS Bank uses modern CRM and risk management systems. The bank employs a remote service model, providing virtual banking services of the highest quality to its customers. Service is provided to customers through a sophisticated Call Centre, Internet, SMS banking and by mail through the Russian Postal system. The combination of a narrow focus with a hi-tech approach gives the bank a distinct competitive edge in the rapidly growing Russian credit card market.
Bondholder Proposal
| Source: Egidaco Investments PLC