Due to a Technical Error in the Voting Documentation, Completion of CPs will be Postponed until Early June 2009


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.