Home Credit a.s. and Home Credit Slovakia Appoint Erich Comor as Chief Executive Officer

Brno / Piestany, 01/29/2007

In his new position Mr Comor will oversee Home Credit's operations in the Czech and Slovak markets. He will report directly to Alexander Labak, the CEO and Managing Partner of the Home Credit Group. Mr Comor has most recently served as Chief Marketing & Product Officer at GE Money Bank in the Czech Republic, where over the past three years he distinguished himself by delivering multiple market-winning products and advertising campaigns. In his new role, he will focus specifically on further enhancing Home Credit's sales, products and marketing activities.

"Home Credit is very well positioned to grow rapidly and profitably in the coming years. The company has a unique position in the consumer finance market and has consistently grown this position by developing attractive customer offers and strong distribution partnerships. Home Credit also has an exceptional team of skilled and motivated people at all levels of the organisation. We will leverage these advantages to expand our share of the traditional consumer finance arena, as well as broader credit card business," comments Erich Comor on his appointment.

Prior to his most recent position with GE, Mr Comor spent seven years with McKinsey & Co where he focused on consulting in the areas of design and the implementation of new banking products, as well as increasing the effectiveness of sales force operations. He also gained a deep understanding of both Czech and European banking markets. Mr Comor earned his degree from the University of Economics, Prague in 1993 and his MBA from the Kellogg School of Management in the USA.

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 a 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 a 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 PPF 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 as well as Central and South-East Asia.

www.homecredit.net

For further enquiries, please contact:

Andrea Dobsikova
Spokesperson
Home Credit a.s.
Tel: (+420) 541 598 461
Mobile: (+420) 606 736 314
E-mail: adobsikova@homecredit.cz

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

01/29/2007