Tinkoff has Fulfilled all Conditions Precedent under the Eurobond Revision Process Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems' Bank (TCS Bank), is pleased to announce that the Agent, E. Öhman J:or Fondkommission AB, has confirmed that all Conditions Precedent have been satisfied. This means that the new structure, as approved by Bondholders, is in force. The Agent informed Tinkoff that the relevant Conditions Precedent were satisfied as of the Signing Date (11 June 2009) and the Implementation Date (15 June 2009). We are therefore pleased to announce to our bondholders that this issue has now been successfully closed. On behalf of its Shareholders and Management team, Tinkoff would like to express its gratitude to all Bondholders for their patience and support during a protracted revision process. 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 bank, specialising 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.
Tinkoff has Fulfilled all Conditions Precedent under the Eurobond Revision Process
| Source: Egidaco Investments PLC