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HCFB Signed Unsecured Facility with ZAO Raiffeisenbank Austria for theamount of RUR 1.4 billion

Moscow, 28 December 2006 Home Credit and Finance Bank (HCFB) [Moodys Ba3/NP/D-, S&P B/C], one of the leading providers of consumercredit in Russia, is pleased to announce it has signed and utilized aRUR 1.4 billion short-term unsecured loan facility with ZAORaiffeisenbank Austria.

This unsecured facility was provided by Raiffeisenbank Austria tosupport HCFBs business during the Christmas and New Year seasonal peak period and the anticipated high demand for HCFBs credit products. The committed unsecured short-term facility is due in April 2007 and carries a margin of 300 bps per annum over the applicable MosPrime rate.

On the Facility, Dmitri Mosolov, Deputy Chairman of HCFBs Management Board, said: As part of our strategy for diversification of funding sources, we approached the core relationship banks of our parent, PPF Group, and Home Credit Group for a Christmas facility to cover the seasonal peak period. Raiffeisenbank has an excellent understanding of our business and they are consequently the perfect partner to enable us to substantially eliminate the negative cost of carry through this very flexible funding.

Sergey Monin, Deputy Chairman of the Board of Raiffeisenbank Austriastated:We are delighted to work with Home Credit and Finance Bank once again and to combine our banking expertise across many levels with leaders in the consumer finance market.

Notes to Editors:

Home Credit& Finance Bank

Home Credit& Finance Bank (Moodys Ba3/NP/D-, S&P B/C) has beenoperating in the Russian consumer loan market since 2002. It has becomeone of Russias market leaders with over 26% market share of the point-of-sale credit market as of 30 September 2006. HCFB is majority controlled by the international company, the PPF Group.

HCFB offers its clients a wide range of credit products with variablecredit terms. As of 30 September 2006, HCFBs products have been distributed through approx. 20,000 POS outlets across over 1,100 cities throughout Russia. The banks regional network comprises 71 representative offices across the Russian Federation. At the end of 2004, HCFB entered the revolving credit business in Russia and, with nearly 4 million credit cards in issue to date, has become one of the leaders of revolving credit in Russia with 7.2% market share as at the end of September 2006.

Home Credit& Finance Bank is a member of the Home Credit Group. Thecompanies of the Home Credit Group have been operating in the Centraland Eastern European consumer loan markets since 1997. The Home CreditGroup belongs to the PPF international group of companies which hasinterests in insurance and consumer finance, and provides complex assetmanagement services. During its 15 years in business, PPF has become aleading international financial investor, managing assets ofapproximately USD 10 billion as at the end of 2005.

ZAO Raiffeisenbank Austria

Raiffeisenbank is ranked 9th in termsof assets among top Russian banks based on Q3 2006 results (CEAInterfax). At present the Bank operates from 20 branches in Moscow, 5branches in Saint Petersburg and regional branches in Ekaterinburg,Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod, Krasnodar,Krasnoyarsk and Perm. Among the leading retail banks Raiffeisenbank isthe 8th largest bank in Russia in terms of consumer lending and 8th interms of private deposits based on Q3 2006 results (CEA Interfax).

ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG which operates one of the leading banking networks inCEE with subsidiary banks and leasing companies in 16 markets. More than11.7 million customers are attended to through more than 2,775 businessoutlets. In eight markets, the respective Network Bank ranks among thethree largest local banks. Representative offices in Lithuania andMoldova complement the Group''s presence in the region. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank Osterreich AG (RZB), which owns 70 per cent of the commonstock. The remaining 30 per cent is free float, the shares are traded onthe Vienna Stock Exchange. RZB is a leading corporate and investmentbank in Austria and the central institution of the Austrian RaiffeisenBanking Group, the country''s largest banking group.

For further enquiries, please contact:

Alena Zheltova

Head ofPR

Home Credit& Finance Bank

tel.: +7 495 514 1019

Jiri Kasek

Head ofIR and Financial PR

Home Credit Group

Tel: +420 221 611 146


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