Home Credit a.s. annouces launch of floating rate note issue for CZK 3 billion

09/20/2006

"This transaction will further enhance our ability to fund efficiently our continued growth and increase the diversification of our funding sources. Proceeds from the bond issue will be used partly to repay the existing short-term liabilities of the company, and also to finance the further dynamic growth in our consumer finance activities in the areas of POS consumer loans, cash loans and revolving loans", says Mr Milos Stibor, the Chairman of the Board, Home Credit a.s.

"We believe the successful offering of the notes of Home Credit a.s. demonstrates the strong appetite amongst local and international investors in CZK-denominated assets of fast growing Czech companies. The order book showed a dynamic development during the book-building process. Finally, as a result of the healthy oversubscription for the notes, we managed to deliver favourable conditions to the issuer by fixing the margin of the bonds at the tight end of the originally indicated spread", comments Ms Marketa Mühlhoferova, Head of Capital Markets, Ceska sporitelna.

"This successful transaction confirms a growing awareness and interest of foreign investors in the Czech domestic bond market. The success of the placement is an important prerequisite for the future funding of Home Credit, which is on good track to tighten the margins on its senior unsecured funding once it decides to approach the market in the future", comments Mr Zoltan Toth, Senior Manager, Financial Institutions & Sovereigns, Raiffeisen Zentralbank Österreich AG.

Ceska sporitelna, a.s. and Raiffeisen Zentralbank Österreich AG acted as the Joint Lead Managers and Bookrunners on the transaction
The notes were fully placed with institutional investors in the Czech Republic, Austria, the UK, Germany and Slovakia, and will be listed on the Secondary Market of the Prague Stock Exchange as at the closing date.
The Prospectus in connection with the issue was approved by the Czech National Bank and it is available in line with applicable legal requirements, inter alia, on web pages www.homecredit.net.

For further information please contact:

Tomas Cerny
Head of Capital Markets
Home Credit Group
Tel: (+420) 224 559 174
E-mail: tomas.cerny@homecredit.eu

Marketa Mühlhoferova
Head of Capital Markets
Ceska sporitelna, a.s.
Tel: +420 224 995 204
E-mail: mmuhlhoferova@csas.cz

Zoltan Toth
Financial Institutions & Sovereigns
Raiffeisen Zentralbank Österreich AG
Tel: +43 1 71707 1494
E-mail: zoltan.toth@rzb.at

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IT DOES NOT REPRESENT A PUBLIC OFFER OF ANY SECURITIES IN THE CZECH REPUBLIC OR IN ANY OTHER JURISDICTION AND/OR AN ANNOUNCEMENT OF ANY SUCH PUBLIC OFFER.

Notes to Editors:

Home Credit a.s.
Home Credit a.s. is one of the leaders in the consumer finance market in the Czech Republic. In 2005, the company financed client purchases worth CZK 6.7 billion. With nine-year experience in the Czech consumer finance market, Home Credit has become a respected provided of consumer, revolving and cash credits.

Home Credit is a member of the Home Credit Group. The companies of the Home Credit Group have been operating in the Central and Eastern European consumer loan markets since 1997. The Home Credit Group belongs to the PPF international group of companies which has interests in insurance and consumer finance, and provides complex asset management services. During its 15 years in business, PPF has become a leading international financial investor, managing assets of approximately USD 10 billion as at the end of 2005.

09/20/2006