Tinkoff Interim Report For the First Half 2009

Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announces its financial results of the first half 2009. Despite the financial crisis, the weakened Rouble and increased credit risks, the TCS business model proved its ability to make profit and generate healthy cash inflow. The bottom line results for the first six months of 2009 showed over USD 6.2 million of net income, compared to a net loss of USD 15.2 million for the same period last year. TCS strategy for the remainder of 2009 will be to continue to operate in ‘steady-state’ mode. This entails liquidity management, close portfolio management, ongoing cost reduction and gradually increased customer acquisition. TCS will grow the portfolio organically by reinvesting funds received from the portfolio.