Egidaco Investments plc, the parent company of TCS Bank, makes an offer to buy its Eurobonds

Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today that it has launched a program to purchase a limited amount of its own Eurobonds.

This offer is available for a limited period and is made on the following conditions:
1) the target price is 35% of the nominal value of the Bonds;
2) potential sellers should communicate their intention by 20 March 2009 by e-mail to the contacts below;
3) offers of sale will be satisfied in the order in which they are received by the Company (i.e. on a "first-come-first-served" basis);
4) the total maximum consideration for the Eurobonds purchase by Tinkoff under this program will be EUR 2.5 mln (excluding accrued interest).

Tinkoff has a broker and custody accounts in Marfin Popular Bank Public Co Ltd (Cyprus) (http://www.laiki.com)

For further details of the program 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