Appointment of Investor Relations Director

TCS GROUP HOLDING PLC

TCS Bank Announces Appointment of Investor Relations Director

Moscow, Russia - 19 December 2013. TCS Group Holding PLC (TCS LI) (the "Group"), including "Tinkoff Credit Systems" Bank ("TCS Bank"), Russia's leading provider of online retail financial services, today announces that Peter Russell has joined TCS Bank as Investor Relations Director. In his new role Peter will be part of the IR team at TCS Bank and will assume responsibilities for developing a comprehensive IR programme for institutional investors, including liaison with brokers and analysts.

Peter has over ten years of experience in investor relations and strategic communications. He joins from J.P. Morgan, where he was Head of IR Advisory EMEA for the Depository Receipts (DR) Group within the Corporate & Investment Bank. At J.P. Morgan he advised corporate issuers on their international IR strategy, investor communications and marketing. Previously, Peter worked at the UK-headquartered financial communications firm Finsbury, providing best practice guidance to public companies on disclosure, reporting and governance.

For investor and analyst enquiries, please contact:

"Tinkoff Credit Systems" Bank

Peter Russell, IR Director

[email protected]

"Tinkoff Credit Systems" Bank

Sergey Pirogov, VP, Corporate Finance

[email protected]

For media enquiries, please contact:

"Tinkoff Credit Systems" Bank

Elena Shushunova, PR department

+ 7(495) 648 1000 (ext. 2244), +7 (916) 804 3276

[email protected]

FTI Consulting London

Larisa Millings

+44 (0)20 7269 7153

FTI Consulting Moscow

Maria Shiryaevskaya

+7 495 795 06 23

About the Group

TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. In order to support its branchless platform, the Group has also developed a "smart courier" network covering almost 600 cities and towns in Russia which allows next day delivery to many customers.

Since its launch in 2007 by Mr. Oleg Tinkov, one of the best known Russian entrepreneurs with a long track record of creating successful businesses, the Group has grown into a leader in the Russian credit card market, with the third largest credit card loan portfolio and a market share of 7.5% based on non-delinquent receivables (according to Central Bank of Russia ("CBR") data, as of 1 October 2013). As of December 2013, the Group had issued over 4 mln credit cards.

In addition to a market-leading credit card offering, the Group has developed a successful online retail deposits programme and added Tinkoff Mobile Wallet to its portfolio of innovative online products and services for Russian consumers, including mobile financial services, payment solutions and insurance.

As of 30 September 2013, the Group's total assets amounted to USD 2.7 bn, net loans and advances to customers stood at USD 2.2 bn and customer accounts (deposits) amounted to USD 1.1 bn. In the nine months ended 30 September 2013, the Group generated a net profit of USD 126 mln and net interest income of USD 610 mln.

The Group is well capitalised with the CBR N1 capital adequacy ratio of 14.6% as of 30 September 2013, and its total capital ratio and Tier 1 capital ratio of 23.2%* and 15.5%*, respectively.

The Group's class A shares, in the form of Global Depositary Receipts, have been trading on the London Stock Exchange since October 2013. TCS Group Holding PLC's share capital consists of 89,044,396 Class A shares and 92,144,679 Class B shares.

* Bank's estimates (unaudited)

Forward-looking statements

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group and TCS Bank. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. The Group and TCS Bank wish to caution you that these statements are only predictions and that actual events or results may differ materially. The Group and TCS Bank do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Group and TCS Bank, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group and TCS Bank, and their respective operations.