Egidaco Investments PLC, the Parent Company of TCS Bank, completes a purchase of Eurobonds from the market

Egidaco Investments PLC, the Parent Company of TCS Bank, completes a purchase of
Eurobonds from the market     

Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit
Systems' Bank (TCS Bank), announced today that it purchased Eurobonds from one
of its existing Bondholders. 

A counter-offer made by the Bondholder was accepted by Tinkoff and the sale was
finalised at 40% of the nominal value of the Bonds. 

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. 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.