1. Credit Card and Auto ABS Sector Review Tõnu Pekk, EBRD Russian Securitisation Forum New York, 10 September 2007

2. Previous Transactions  Auto loan and credit card receivables ABS out of Russia to date: Credit Card and Auto ABS Sector Review DateTransactionAsset TypeOriginatorAmount Jul 2005Russian Auto Loans Finance Auto LoansBank SoyuzUSD 49 mln Oct 2006Taganka Car Loan Finance Auto LoansMDM BankUSD 403 mln Nov 2006Russian Car Loans Auto LoansRussian Standard Bank EUR 220 mln May 2007ROOF RussiaAuto LoansRaiffeisenbankUSD 392 mln Aug 2007Eurasia Credit Card Funding Credit Card Receivables Home Credit & Finance Bank RUR 5.35 bln (USD 200 mln)

3. Main Characteristics  Key characteristics of previous transactions: Credit Card and Auto ABS Sector Review TransactionAvg Loan Size ($) Avg Season. (m) Avg Term (m) Avg Assets Yield Avg LTVLosses (hist.) Russian Auto Loans Finance 14,9297.7535.459.90%70.81%n/a Taganka Car Loan Finance 13,3608.4021.6014.63%95.00%4.0% Russian Car Loans 3,7335.1543.1113.50%73.15%9.5% ROOF Russia12,68010.7044.209.30%67.21%1.2%

4. Auto and Credit Card Market Overview Credit Card and Auto ABS Sector Review Credit Cards:  Reached USD 3.3 bln in 2006  Amounted to 0.3% of GDP in 2006  Visa & MasterCard over-perform local brands Auto Loans:  Reached USD 9 bln in 2006  Amounted to 0.9% of GDP in 2006  Represented 11% of total retail lending in 2006 200520062004USD bln% GDP 200520062004USD bln% GDP

5. woolletj@ebrd.comEmail: +44 20 7338 6105Fax: DIRECTOR +44 20 7338 6638Tel: Jonathan Woollett pekkt@ebrd.com Email: +44 20 7338 6199 Fax: SENIOR BANKER +44 20 7338 7516 Tel: Tõnu Pekk morarua@ebrd.comEmail: +44 20 7338 6105 Fax: PRINCIPAL BANKER +44 20 7338 6718 Tel:Andreea Moraru rakhmety@ebrd.com Email: +44 20 7338 7163 Fax: ASSOCIATE BANKER +44 20 7338 7647 Tel: Yerbolat Rakhmetov EBRD Structured Finance & Securitisation Team Contact Details