OREANDA-NEWS. On October 23, 2007 PPF Co 2 B.V., a 100% subsidiary of PPF Group N.V., incorporated under the laws of the Netherlands, announced the placement of CZK 8 billion local Note Issue, reported the press-centre of Home Credit Group.

The Zero Coupon Notes are fully secured by PPF Group N.V. guarantee and will be issued on 31 October 2007. The Issue Price is 90,61%, ISIN CZ0000000229. The Notes, which have a nominal value of CZK 2,000,000 each, have final maturity 18 months after the Issue Date with an early termination option.

"The proceeds of the issue will be used for distribution to other group companies. We strongly believe, the transaction will further enhance our ability to fund efficiently continuing growth of PPF Group companies. Proceeds from the issue will be used partly to finalize the restructuring of the consumer finance arm and also to finance further growth", says Mr Ales Minx, the Director of PPF Co 2 B.V. and Chairman of the Board of PPF Group N.V.

"We believe the strong book for PPF Co 2 Notes confirms appetite of the Czech investors for PPF Group credit following the announcement of the transaction concluded between Generali and PPF Group", comments Mr Petr Milev, Chief Executive Officer of PPF banka a.s.

PPF banka a.s. acted as the Sole Lead Manager and Bookrunner on the transaction.

The Issue was oversubscribed and attracted the interest of institutional investors primarily from the Czech Republic. The Issuer applied for admission of the Notes to trading on the Official Free Market of the Prague Stock Exchange as of the Issue Date.

Once the Prospectus in connection with the Issue is approved by the Czech National Bank, it will be available in line with applicable legal requirements, on the Issuer's WebPageswww.ppfco2.nl, on 31 October 2007 at the latest.

Notes to Editors:
Home Credit Group
PPF Group is an international financial group of companies, which has interests in insurance and consumer finance, and provides complex asset management services. During its 16 years in business, PPF Group has become a leading international financial investor, managing assets of over USD 10 billion as at the end of 2006. PPF Group has its corporate ownership and decision making structure based in the Netherlands. The group's key holding company that defines strategic decisions regarding the entire group's activities is the Amsterdam-based PPF Group N.V.

PPF Co2 B.V. belongs to PPF Group, which is an international financial group. The key holding company of PPF Group, at the level of which strategic decisions are adopted concerning the activity of the whole group, is PPF Group N.V. PPF Co2 B.V. was incorporated as a private limited liability company. The main subject of its activities is to manage, finance and participate in other companies.