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Home Credit Slovakia raises EUR 59.5 million via club loan facility

Home Credit Slovakia a.s. (“HCS”), one of the leading providers of consumer finance products in Slovakia, has raised EUR 59.5 million via a club of banks led by Citibank Slovakia.

“The willingness of a group of banks to fund Home Credit Slovakia during a recession demonstrates the health and stability of our business. We are delighted that our ongoing relationship with these banks enables our company to look forward to the second half of the year with ambition. The arrangement will serve to fund development of the company in a segment of cash loans.”

Erich Comor, HCS Chairman of the Board of Directors

The Club Loan Facility was arranged earlier this month by Citibank Slovakia a.s. Other participating banks included Calyon S.A., pobočka zahraničnej banky, ING Bank N.V. and VOLKSBANK Slovensko, a.s. Citibank has provided funding to HCS since 2003, ING and Volskbank participated on syndicated loan provided in 2008. The facility is for one year and enables flexible utilization based on HCS’s needs to fund receivables from cash loans.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Contact for media:
Nikola Jancovicova
AMI Communications Slovakia
Tel.: 02 524 99 080; mob: 0948 006 843
E-mail: nikola.jancovicova@amic.sk

Contact for investors/analysts:
Pavlina Strofova
Investor Relations
PPF, a.s.
Tel.: +420 224 174 265; mob: +420 725 137 305
E-mail: strofova@ppf.cz

NOTES FOR EDITORS:

Home Credit Slovakia, a. s. 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 2008, the company has financed its client’s purchase worth SKK 4.47 billion (EUR 149 million).

Companies of the Home Credit Group operate on consumer finance markets in the Central and Eastern Europe, the Central Asian and the Far East. As at year-end 2008, the company had granted loans in the combined principal of EUR 3.6 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), China (Home Credit Asia, December 2007) and Vietnam (April 2009).

The Home Credit Group is a part of PPF Group, which is a leading international investment group. PPF Group also actively seeks investment opportunities and undertakes strategic investments in emerging markets of the Central and Eastern Europe and Asia. Through its stake in Generali PPF Holding, PPF Group participates in the insurance market and asset management services. During its 18 years in business, PPF Group has become an important international financial investor, managing assets of EUR 8.8 billion as of 30 July 2008.