Home Credit Group Appoints Declan McSweeney as Chief Financial Officer

Amsterdam, 01/05/2007

Declan McSweeney has approximately 30 years experience in banking gained from a distinguished career at Allied Irish Banks plc ("AIB") where he held a number of key and influential positions in the financial management areas of AIB both in Ireland and the United Kingdom.

Mr. McSweeney has most recently served as Deputy Chairman and Chairman of the Audit Committee of AIB Mortgage Bank, and as a Member f the Supervisory Board of BZWBK Bank in Poland. Both banks are subsidiaries of AIB, Ireland's leading banking group.

"Declan brings to Home Credit considerable talent and skills in finance leadership," comments Alexander Labak, Chief Executive Officer and Managing Partner of Home Credit Group. "As we continue to execute our dynamic global expansion plans, Declan's vast experience and solid track record in banking and finance will, no doubt, significantly contribute to our successful growth going forward."

As CFO, Declan McSweeney will be responsible for leading Home Credit's finance team and for further strengthening the group's corporate governance and levels of transparency. Mr. McSweeney's areas of responsibility will include Home Credit's worldwide accounting and reporting, financial planning and analysis, treasury, tax, audit, legal, compliance and investor relations.

"The tremendous commitment to achieving disciplined and profitable growth combined with Home Credit's emphasis on excellence in executing its strategy were the two major factors behind why I am delighted to take on this opportunity. Given Home Credit's outstanding focus on creating and providing world-class consumer banking products and services, the opportunities ahead of us are very exciting," comments Declan McSweeney.

Prior to his most recent position within AIB, Mr. McSweeney had distinguished himself as a highly experienced and respected Chief Financial Officer - a role which he held for over eight years. During this time he was the principal point of contact for investors and remains widely known throughout the global investment and banking communities. Prior to joining AIB, Mr. McSweeney worked for KPMG in the US and Ireland. He graduated from the Institute of Chartered Accountants as well as from the Wharton Management Program, and earned his degree with Honours in the area of Commerce from the University College, Dublin. Mr. McSweeney was born in 1953 and is of Irish origin.

Notes to Editors:

Home Credit Group
The companies comprising the Home Credit Group, operate in the Central and Eastern European and Central Asian consumer finance markets and during 2005 had 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). Home Credit Group entered the Ukrainian market in 2006.

The Home Credit Group is member of PPF Group, a leading diversified financial services group operating in the Czech Republic and across the CEE region with assets under management of approximately USD 10 billion as at the year-end 2005. The group comprises insurance operations, 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 diversified 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

For further enquiries, please contact:

Dita Fuchsova
Senior Communication Manager & Spokeswoman
PPF a.s.
Tel: (+420) 224 559 033
Mobile: (+420) 602 110 082
E-mail: fuchsova@ppf.cz

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

01/05/2007