PPF Investments launches Second Investment Fund; PPF Beta Investment Corporation attracts initial subscription of $120 million

Nov 21, 2006

PPF Investments Group, the independent, international private equity group announced 20 November 2006, that it has opened a second Investment Corporation called PPF Beta at the beginning of October this year.

Shareholders have subscribed an initial $120 million to the new fund which is expected to rise over $800 million in subscriptions.

As with the Group's first investment fund, PPF Alpha Investment Corporation (launched in the autumn 2005), PPF Beta is a special equity vehicle that has been tailored to meet the specific demands of a small group of private investors.

PPF Beta's investments are supported by a general advisor; PPF Investments (UK) Ltd, as well as by local advisors based in geographic territories around the world.

Ends

Press contact:

Your questions please address to our e-mail: info@ppfinvestments.com

Note to editors

PPF Investments was set up in 2005 as an independent, international private equity group focused on transitional economies, such as those found in Central and Eastern Europe and Asia. It launched its first Investment Corporation, PPF Alpha in January 2006. A group of private investors has subscribed $440 million to this Corporation and further $500 million has been committed. Since January, 2006 PPF Alpha has made several investments in China and the Czech Republic. PPF Investments is advised by PPF Investments (UK) Ltd, based in London, UK.

PPF is the brand name of the prominent Czech financial group, which has awarded PPF Investments the right to use the "PPF" trademark. PPF Investments and PPF Group are independent groups in terms of assets and business activities.