Egidaco Investments plc, the parent company of TCS Bank, makes an offer to buy its Eurobonds Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today that it has launched a program to purchase a limited amount of its own Eurobonds. This offer is available for a limited period and is made on the following conditions: 1) the target price is 35% of the nominal value of the Bonds; 2) potential sellers should communicate their intention by 20 March 2009 by e-mail to the contacts below; 3) offers of sale will be satisfied in the order in which they are received by the Company (i.e. on a "first-come-first-served" basis); 4) the total maximum consideration for the Eurobonds purchase by Tinkoff under this program will be EUR 2.5 mln (excluding accrued interest). Tinkoff has a broker and custody accounts in Marfin Popular Bank Public Co Ltd (Cyprus) (http://www.laiki.com) For further details of the program please contact: 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 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. In September 2008, Vostok Nafta Investments Limited also 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.
Egidaco Investments plc, the parent company of TCS Bank, makes an offer to buy its Eurobonds
| Source: Egidaco Investments PLC