Transactions in own GDRs: TCS Group Ups Buyback of GDRs for its MLTIP

Limassol, Cyprus - 29 October 2018. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial and lifestyle services via its Tinkoff.ru financial supermarket, today publishes an update on transactions in its GDRs, for its long-term management incentive and retention plan (MLTIP).

Ahead of the projected expansion of MLTIP in 2019 and beyond, the Group continues to follow its long-standing practice of pre-funding MLTIP through buybacks making additional purchases opportunistically as and when the Group sees opportunities based on the market price of its GDRs.

In addition to 250,000 GDRs purchased in August/September 2018 within the price range of USD17.88 to USD16.75; 27,200 GDRs purchased at a gross price per GDR of USD16.90 last week all as previously announced, the Group has bought back a further 200,000 GDRs at a gross price per GDR of USD16.13. This marks the end of this phase of the recent programme of buybacks in August to October 2018, at 477,200 GDRs in total, at an average gross price of USD16.86 per GDR.

About the Group

TCS Group Holding PLC is an innovative provider of online retail financial services. It includes Tinkoff Bank, mobile virtual operator network Tinkoff Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of development hubs in major Russian cities. The Group also has Tinkoff.ru, an evolving ecosystem that offers financial and lifestyle services.

The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.

The Group's key business is Tinkoff Bank, the country's first and only direct bank and the core of the Tinkoff.ru ecosystem. Tinkoff Bank is the second largest player in the Russian credit card market, with a share of 11.7%. The 1H 2018 IFRS net income of TCS Group Holding PLC amounted to RUB 11.7 bn, ROE stood at 69.3%.

With no branches, the Group serves all its customers remotely via online channels and a cloud-based call centre staffed by over 10,000 employees, which makes it one of the largest in Europe. To ensure smooth delivery of the Group's products, the Group has a nationwide network of over 2,500 representatives.

In 2013 and 2017, The Banker named Tinkoff Bank the Bank of the Year in Russia, and in 2016 and 2018, Global Finance recognised it as the Best Consumer Digital Bank in Russia. The bank's mobile app has been consistently praised by local and global independent experts as the best of its kind (in 2013, 2014, 2015, 2016 by Deloitte and in 2018 by Global Finance).

Forward-looking statements

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group and Tinkoff Bank. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. The Group and Tinkoff Bank wish to caution you that these statements are only predictions and that actual events or results may differ materially. The Group and Tinkoff Bank do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Group and Tinkoff Bank, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group, Tinkoff Bank and their respective operations.