Egidaco Investments PLC completes a repurchase under the limited buy-back programme

Egidaco Investments PLC completes a repurchase under the limited buy-back
programme

Following the announcement of the limited ‘buy-back' programme, Egidaco
Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems' Bank
(TCS Bank), announced today that it has completed a repurchase of Eurobonds from
an existing Bondholder.

A counter-offer to sell a nominal amount of EUR 9,803,136 worth of Eurobonds was
accepted by Tinkoff and the transaction was effected.

For further details 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

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.