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    PPF banka a.s. – Full year 2007 results: 88% increase in net profit to CZK 529 million
    03/31/2008

    PPF banka a.s. (“PPF banka”), commercial bank owned from 92.96% by PPF Group N.V. announces its financial results for the year ended 31 December 2007 in accordance with Czech Accounting Standards (CAS).

    “A record profit after tax of nearly CZK 530 million reflects our successful delivering on the strategy to provide “tailor made” solutions of commercial and investment banking. Our main profit driver for 2007 was profit from financial operations, which increased despite turmoil on the international financial markets.”
    Petr Milev, Chief Executive Officer

    HIGHLIGHTS

    • Net profit for the year ended 31 December 2007 of CZK 528.8 million (2006: CZK 281.1 million) – an increase of 88%.
    • 120% increase in profit from own business activities from CZK 314.6 million for the year 2006 to CZK 692.5 million for 2007.
    • Continued growth in gross operating income to CZK 1,932.8 million (2006: CZK 1,409.5 million) attributed to strong growth in interest income and profit from financial operations.
    • Increase in the PPF banka’s balance sheet from CZK 24.5 billion in 2006 to CZK 27.4 billion at the end of December 2007 (12% increase y-o-y).
    • Decrease in classified loans expressed as a share on overall clients’ loans to less than 1%.


    BUSINESS OVERVIEW

    The overall business of PPF banka has not been effected by turmoil on the international financial markets in 2007. PPF banka has continued in its strategy to provide “tailor made” financial solutions for financial institutions, municipal and corporate clients, including PPF Group companies. The overall due to customers increased of 13% from CZK 18.5 billion in 2006 to CZK 20.9 billion as of 31 December 2007.
    Despite 19% decrease in loans granted to CZK 7.6 billion (2006: 9.4 billion), PPF banka has fully offset the decline by increase in interest margin and profit from financial operations derived from the trading on financial and capital markets.
    PPF banka’s continuing focus in risk management produced positive results with a decrease in classified loans expressed as a share on overall clients’ loans to 0.93% as of 31 December 2007 from 1.71% as of 31 December 2006.

    FINANCIAL RESULTS

    PPF banka reported the net profit as of 31 December 2007 of CZK 528.8 million compared to CZK 281.1 million for the year ended 31 December 2006, an increase of 88%. The main drivers of this profitable growth were following:
    • net interest income increased significantly to CZK 835 million, representing an increase of 59% year on year;
    • the profit from financial operations increased to CZK 191 million, representing an increase of 672% year on year respectively;
    • PPF banka maintained its administrative expenses under control, reporting only modest 0.4% increase year on year.

    PPF banka prepared and regularly presents its financial results in accordance with Czech Accounting Standards (CAS) and International Financial Reporting Standards (IFRS). Financial results in accordance with CAS may differ from numbers in its financial statements according to the IFRS. The financial statements according to the IFRS will be released in a normal fashion and will be subsequently available on the PPF banka’s website www.ppfbanka.cz.

    Important notice:
    This release does not constitute an invitation to sell or a solicitation of an offer to buy any securities in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such invitation under applicable securities laws.
    This press release does not constitute or form part of any public offer or advertisement of securities in any jurisdiction, and does not constitute any offer, or any invitation to make offers, to purchase any securities in any jurisdiction.
    The information contained herein is not for publication or distribution to persons in the Unites States of America. This information may not be sent in or into the United States of America. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the “Securities Act”), as amended, and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom.
    These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Shares mentioned herein have not been, and will not be, registered under the Securities Act.
    This press release is not an invitation nor is it intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extent that this press release does constitute an inducement to engage in any investment activity included within this press release, it is directed only at (i) persons that which are outside the United Kingdom, (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial Promotion Order"); or (iii) persons who fall within Articles 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Promotion Order; and (iv) any other persons to whom this press release for the purposes of Section 21 of FSMA can otherwise lawfully be made (all such persons together being referred to as "relevant persons"), and must not be acted on or relied upon by persons other than relevant persons. Any invitation or inducement to engage in any investment activity included within the press release is available only to relevant persons and will be engaged in only with relevant persons." Anyone other than a relevant person must not rely on this press release.
    This document is not a prospectus and, to the extent that it may constitute an advertisement, does not constitute an offer to sell or the solicitation of an offer to purchase notes or other securities. Investors should not subscribe for any securities referred to in this document except on the basis of the information contained in the prospectus relating to the securities.

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