TCS.L Regulatory News (TCS)

Senior Managers Further Increase Holdings in TCS Group Holding PLC

Moscow, Russia - 1 August 2014. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Credit Systems Bank and Tinkoff Online Insurance, today announces that Altruco Trustees Limited ("Altruco"), a pre-IPO shareholder, has increased its holding in the Group to 2.04%.

On or around 16 July 2014 Altruco acquired an additional 50,000 global depositary receipts ("GDRs") with one global depositary receipt representing an interest in one Class A share. These purchases represent a further 0.02% increase of Altruco's interest in the Group's issued share capital. Altruco was acting as trustee for key senior managers of the Group buying individually.

Following these purchases, Altruco, in addition to the 1.98% of the issued share capital it holds as trustee of the Group's ESOP (an employee share ownership plan for the Group's key managers) and 0.04% of the Group's issued share capital purchased on 4 July 2014, now holds an aggregate 2.04% of the Group's issued share capital.

The abovementioned purchases fulfil the undertaking made by the senior management team and announced by the Group on 11 June 2014.

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% based on non-delinquent receivables (according to Central Bank of Russia (CBR) data, as of 1 July 2014). As of 1 June 2014, the Group has issued over 4.3 mln credit cards.

In addition to a market-leading credit card offering, the Group has developeda successful online retail deposits programme. The Group's other innovative linesof business include Tinkoff Online Insurance, which enables the Group to underwrite and sell its own innovative online insurance products, and Tinkoff Mobile Wallet, mobile payment solutions and financial services for Russian consumers.

As of 31 March 2014, the Group's total assets amounted to RUB 101.2 bn, net loans and advances to customers stood at RUB 75 bn and customer accounts (deposits) amounted to RUB 43.1 bn. In Q1 2014, the Group generated a net profit of RUB362.3 mln and net interest income of RUB 7.4 bn.

The Group is well capitalised with its total capital ratio and Tier 1 capital ratio of 22.3% and 17.3%, respectively, in accordance with Basel III methodology.