Due to a Technical Error in the Voting Documentation, Completion of CPs will be Postponed until Early June 2009 Regrettably, due to a technical error in the voting documents, Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems' Bank (TCS Bank), will have to issue a new Voting Notice to Bondholders. As a result of wording errors in the Consent Solicitation Memorandum that make it impossible to satisfy one of the Conditions Precedent following the Bondholder vote, Tinkoff and the Agent, E. Öhman J:or Fondkommission AB, have decided that it is necessary to hold a new vote. We apologise for this and stress that this is purely for technical reasons with no material change for Bondholders. The changes required refer only to restructuring of the Rouble Facility Agreement and do not in any way affect the new benefits to Bondholders under the revised Terms and Conditions of the Bonds. The modification of the voting documents needs to be formally approved by Bondholders, thereby requiring a new vote. Tinkoff will send out the amended documents shortly. There will be a further communication on this and the new voting schedule. 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.
Due to a Technical Error in the Voting Documentation, Completion of CPs will be Postponed until Early June 2009
| Source: Egidaco Investments PLC