Funding Transactions

Offering Circular / Prospectus

BEFORE CONTINUING, PLEASE, PAY ATTENTION TO THIS CAUTION:

The company PPF Co2 B.V., with its registered office at Strawinskylaan 933 Tower B L. 9, 1077 XX, Amsterdam, the Netherlands, a company incorporated under the laws of the Netherlands, registered with the trade register of the Chamber of Commerce for Amsterdam under file No. 34275486 (hereinafter only the "Issuer”), is the issuer of zero coupon notes due in 2009 in the total expected amount of up to CZK 8 000 000 000 (eight billion CZK), secured by a guarantee extended by PPF Group N.V., with its registered office at Strawinskylaan 933, Tow. B Lev. 9, Amsterdam, the Netherlands, a company incorporated under the laws of the Netherlands, registered with the trade register of the Chamber of Commerce for Amsterdam, under file No. 33264887 (hereinafter only the "Bonds”).

Pursuant to section 36h of the Czech Republic act No. 256/2004 Coll., on Performing Business on the Capital Market, the Issuer hereby publishes on this internet page prospectus of Bonds, that has been approved by decision of the Czech National Bank (Česká Národní Banka) on Octrober 25, 2007 (hereinafter only the "Prospectus").

The Issuer warns that the PUBLICATION OF THIS PROSPECTUS IS NOT A PUBLIC OFFER OF THE BONDS neither whatever other offer in relation to the purchase of the Bonds. The Prospectus has been worked out and published exclusively for the purpose of admission of the Bonds for trading at the Official Free Market of the Prague Stock Exchange (Burza cenných papírů Praha, a.s.). By the publication of the Prospectus the Issuer satisfies provision of section 44 of aforementioned act No. 256/2004 Coll., which states that admission of prospectus for trading at the official market of the Prague Stock Exchange is subject to the prior publication of the prospectus of bonds being applied for the admission.

The Issuer warns, that distribution of this Prospectus as well as the offer, sale and purchase of the Bonds may be in some jurisdiction restricted by law.

The Bonds have not been listed, registered, permitted, nor approved by any administrative or other authority of any jurisdiction with the exception of the Czech National Bank (Česká národní banka). The Issuer emphasizes, that in his regard the Bonds especially have not been and are not intended to be registered pursuant to US Securities Act 1933 and they must not be distributed, sold nor delivered to the territory of the United States of America nor to persons, who are the residents of the United States of America (hereinafter only the "US Persons”), otherwise than on the basis of the exception from registration obligation pursuant to the above mentioned act or within a deal that is not subject to such registration obligation.

Each person that gets the Prospectus into its possession is responsible for observance of restrictions that are in some jurisdictions related to the offer, purchase and selling of the Bonds or to holding and distribution of whatever materials related to the Bonds.

Persons, in relation to which to above mentioned restrictions may be relevant, are not entitled to open the following hyper-link.

Any person who clicks on the following hyper-link by such act agrees and confirms, that it

• is not a US Person, and/or
• the place from which it is opening the hyper-link is not located in the United States of America, its territories and possessions (including Puerto Rico, the US Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any State of the United States and the District of Columbia, and/or
• is not subject to the jurisdiction under which the distribution of this Prospectus, offer, sale and purchase of the Bonds, issued on the basis of this Prospectus, is restricted by law.

Attachments

	Guarantee Undertaking PPF Group N.V.
	(PDF document, 570 kB)
	The Announcement of the Additional Issue Period
	(PDF document, 272.1 kB)
	The Announcement of the Aggreate Amount of the Note Issue
	(PDF document, 313.7 kB)
	Guarantee Undertaking PPF Group N.V. - Increase of Bond Issue
	(PDF document, 725.5 kB)
	PPF Co2 B.V. Prospect
	(PDF document, 7.7 MB)
	The Annoucement of the Fulfilment of the Early Redemption Condition
	(PDF document, 387.2 kB)
	The Annoucement of the Decision on Early Redemption
	(PDF document, 407.4 kB)