PPF Denies False Czech Media Report on Sale of Some Home Credit Assets to Ex-Manager

PPF Group’s statement on the agreement to sell its Russian banking assets

In response to various incomplete media reports, PPF Group confirms that it sold 100% of its banking assets in Russia two weeks ago, including all holdings in Home Credit & Finance Bank (HCFB) and its subsidiaries.

PPF Announcement Regarding the CNB Regulatory Filing on Holders of Public Companies

During the ongoing inheritance proceedings, Ms. Renáta Kellnerová was appointed administrator of the estate of the late Petr Kellner. As such, she is listed as the holder of relevant public companies subject to regulation by the CNB. Ms. Kellner’s appointment as the administrator of the estate doesn’t mean the inheritance process is complete yet. Ms. Kellnerová is also the family representative during meetings of the recently formed PPF Group executive committee, which serves as an advisory body to CEO Ladislav Bartoníček.

Ladislav Bartoníček leads PPF Group

PPF Group announces that it has named Ladislav Bartonicek, one of the PPF Group's shareholders, to manage all PPF Group's activities on behalf of the deceased Petr Kellner.