Home Credit Group Completes Two Acquisitions in Ukraine

Amsterdam, 12/20/2006

Both companies will be ultimately owned by Home Credit B.V., the holding company for Home Credit Group. Bank AGROBANK provides commercial and retail banking services through 22 branches throughout Ukraine, and had total assets and shareholders' equity of UAH 645 million (USD 135 million) and UAH 65 million (USD 13.6 million), respectively, as of 30 June 2006. PrivatKredit, one of the Ukraine's leading non-banking financial institutions, provides consumer finance services through its extensive network of over 1,000 points of sale outlets within Ukraine.

In the Ukrainian market, Home Credit will provide a range of affordable and uncomplicated financial services products to consumers across the country. Home Credit Group, currently operating in the Czech Republic, Slovakia, the Russian Federation and Kazakhstan, is a member of the international financial group PPF. The core business of the individual Home Credit Group companies is the provision of consumer finance products involving consumer and revolving credits.

"The double acquisition of Bank AGROBANK and PrivatKredit is in line with Home Credit Group's international expansion strategy. The strategic rationale for Home Credit entering the Ukrainian market stems from its high growth potential and the prospect of utilising the synergies that materialise from our presence in Central and Eastern Europe. In the near future, we aim to become one of the country's leading players in the consumer finance market," comments Alexander Labak, Chief Executive Officer and Managing Partner of Home Credit Group.

Home Credit Group's objectives for the Ukrainian market
Home Credit Group views the Ukrainian market as one with strong business prospects. As has been the case with other markets where the group operates, Home Credit will primarily focus on providing consumer finance services in the form of consumer loans and revolving credit, notably credit cards.

The acquisition of a consumer finance provider and a commercial bank creates significant synergies between two robust financial businesses. This enables the creation of an extensive portfolio of financial products and services, together with an extensive distribution network, and the company plans to build a large portfolio of satisfied customers working with Home Credit on long-term basis.

Notes to Editors:

Home Credit Group
The companies of the Home Credit Group, operating in the Central and Eastern European and Central Asian consumer loan markets, granted loans in the combined principal of USD 2.1 billion in 2005. Home Credit maintains leading position in the consumer finance markets of the Czech Republic (entered in 1997), the Slovak Republic (1999), the Russian Federation (2002), and the Republic of Kazakhstan (2005).

The Home Credit Group is member of PPF Group, a leading diversified financial group in the Czech Republic and CEE region with managed assets exceeding USD 10 billion as of year-end 2005. The PPF Group consists of the insurance group, which includes Ceska pojistovna (Moody's Baa3, S&P BBB), the largest insurance company in the Czech Republic, Penzijni fond CP and companies specializing in complex asset management services; the Home Credit Group; and PPF banka. PPF Group is active in Central and Eastern Europe, and Central and South-East Asia
www.homecredit.net

Bank AGROBANK
Bank AGROBANK is a universal bank headquartered in Dnepropetrovsk providing its services to retail and corporate clients through a network of 22 branches and 2 representative offices in Kyiv, Dnepropetrovsk, Kharkov, Donetsk, Zaporozhie, Krivoy Rog, Dnieprodzerzhinsk, Pavlograd, Nikopol, Kremenchug and Kirovograd. AGROBANK had total assets and shareholders' equity of USD 135 million and USD 13.6 million, respectively, as of 30 June 2006.
www.agrobank.com.ua

PrivatKredit
PrivatKredit is one of the Ukraine's leading non-banking financial institutions. PrivatKredit manages an extensive network of over 1,000 points of sale outlets throughout Ukraine. The combination of PrivatKredit's detailed knowledge of the local market and Home Credit Group's international experience and financial resources creates the ideal platform for the dynamic development of Home Credit Group's activities in the Ukrainian market.

For further enquiries, please contact:

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

Tatyana Morarash
Press Secretary
Bank AGROBANK
Tel: (+38) 0 562 312 065
Mobile: (+38) 0 96 286 13 97
E-mail: morarash@agrobank.com.ua

12/20/2006