Egidaco Investments PLC, the Parent Company of TCS Bank, sends out an Amended Bondholder Proposal

Egidaco Investments PLC, the Parent Company of TCS Bank, sends out an Amended
Bondholder Proposal 

Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit
Systems' Bank (TCS Bank), announced today that the slightly amended Bondholder
Proposal and Voting Notice have been sent today.  

The vote for last Bondholder Proposal was unanimously in favour.  However, as
per the press release issued on 30 April 2009, drafting errors in the Consent
Solicitation Memorandum meant that the Company was unable to fulfill its
Conditions Precedent and complete the process.  Unfortunately, the only way to
resolve this situation is to hold a new Bondholder Vote.  The Company sincerely
apologises for this error and for any inconvenience this may have caused.  Once
Bondholder approval has been received by way of a ¾ majority vote in favour, and
the implementation process has been completed, the Company will make the
necessary payments on 24 June 2009.  This will consist of two lots of
semi-annual coupon and the first amortisation payment.

Full details of the Proposal are available on Tinkoff's website -
http://www.eginvestments.net

For additional information 

Oliver Hughes, President						
tel: +7 495 648 1000						
e-mail: o.hughes@tcsbank.ru 			

Ilya Pisemsky, CFO	
tel: +7 495 648-1000 
e-mail: i.pisemsky@tcsbank.ru

web: www.eginvestments.net/


Bank 'Tinkoff. Credit Systems' is Russia's first monoline bank, specialising
exclusively on the issuing and servicing of credit cards.  The bank was founded
by the famous Russian entrepreneur, Oleg Tinkov.  In October 2007, the
international investment bank Goldman Sachs became a shareholder. In September
2008, Vostok Nafta Investments Limited also became a shareholder.  

TCS Bank uses modern CRM and risk management systems.  The bank employs a remote
service model, providing virtual banking services of the highest quality to its
customers. Service is provided to customers through a sophisticated Call Centre,
Internet, SMS banking and by mail through the Russian Postal system.  The
combination of a narrow focus with a hi-tech approach gives the bank a distinct
competitive edge in the rapidly growing Russian credit card market.