Home Credit Slovakia, a. s. Announces Changes on the Board

Piestany, 04/01/2008

The supervisory board of Home Credit Slovakia, a. s., ("HCS") proceeded in compliance with the bylaws of the company and applicable law to replace Martin Vetýška in his position as of March 25, 2008. These necessary steps were taken after Martin Vetýška had left the position of Chief Sales Officer and Vojtěch Ščevík was put in charge as a result.

Andrea Zatloukalová was elected as a new member of the board effective as of March 26, 2008.

Andrea Zatloukalová (aged 34) joined Home Credit Group in 2003; she serves as Head of the Legal Department. Mrs. Zatloukalová graduated from the Faculty of Law, Masaryk University in Brno and prior to joining Home Credit she was a lawyer at Český Telecom, a. s.

The Board of HCS:
Erich Čomor, chair
Luboš Berkovec, member
Andrea Zatloukalová, member

The Supervisory Board of of HCS:
Pavel Pfauser, chair
Alena Mudríkova, member
Luděk Jírů, member

For further enquiries, please contact:

Markéta Mühlhoferová
Head of Group Investor Relations
tel: +420 224 559 174
E-mail: muhlhoferova@ppf.cz
www.homecredit.net

Olga Mužíková
Spokeswoman, Home Credit a. s.
tel: +420 541 598 461
gsm: +420 728 102 072
E-mail: omuzikova@homecredit.cz
www.homecredit.cz/

Notes to Editors:

Home Credit Slovakia a.s. (Moody's A3.sk) is one of the leading consumer finance providers in the Slovak Republic. The company provides loans in the form of consumer loans, revolving loans, credit cards and cash loans. In 2007, the company granted loans in the combined principal of SKK 4.1 billion.

Companies of the Home Credit Group operate in the Central and Eastern European, Central Asian and the Far East consumer finance markets and as at year-end 2006, had granted loans in the combined principal of USD 2.7 billion. Home Credit Group maintains one of the leading positions in the consumer finance markets of the Czech Republic (Home Credit, since 1997), the Slovak Republic (Home Credit Slovakia, since 1999), the Russian Federation (Home Credit & Finance Bank, since 2002) and the Republic of Kazakhstan (Home Credit Kazakhstan, since December 2005). Home Credit Group also entered the Ukrainian and Belarusian market in 2006 (CJSC Home Credit Bank, Home Credit Finance and OAO Home Credit Bank respectively) and China (Home Credit Asia, December 2007).

Home Credit Group is part of PPF Group, which was established in 1991, and its activities concern consumer financing and retail banking. Given its share in the joint venture of Generali PPF Holding, it is active in the insurance market as well as provides complex asset management. During its 17 years in business, PPF Group has become an important international financial investor, managing assets of over EUR 8.7 billion as of 30 June 2007.

04/01/2008