| PRESS RELEASE MIRO Bank becomes ProCredit Bank. |
| We are happy to announce the news that starting with 9th of December 2004, Micro Finance Bank MIRO S.A. will become ProCredit Bank. MIRO Bank has been proud to serve Romanian enterprises for the last two and a half years as the only bank in Romania specialized in providing the full range of financial services to the so far neglected SME sector. Today, more than 22,600 customers have made MIRO Bank their financial partner of choice. Through a network of 9 branches and agencies throughout the country, MIRO Bank has provided crucial financing to its clients by disbursing more than 15,000 loans with a volume of more than EUR 75,000,000. Micro Finance Bank MIRO S.A. belongs to a group of 18 target group-oriented financial institutions in Southeastern Europe, Latin America, Central America and Africa, most of which now operate under the name “ProCredit Bank”. With more than 5,700 employees in 275 branches, ProCredit Institutions serve 650,000 customers – including more than 375,000 borrowers – and have a combined balance-sheet total of about EUR 1.3 billion. The ProCredit institutions are majority-owned by the same group of strong international shareholders which includes: EBRD, Commerzbank, KfW, IFC, FMO and IMI. As a sign of the commitment of our shareholders to the region and to the growing integration of the banks, MIRO is now proud to join its sister banks world-wide by rebranding under one name and one logo:  The new logo, the colorful globe reveals the international presence of ProCredit Banks and the variety of markets they have profound knowledge and expertise on. Under its new name, ProCredit Bank will continue to offer outstanding customer service to its clients and to serve as the leading provider of fast, flexible and reliable financial partner for Romania’s smallest enterprises. In this respect, ProCredit Bank will ensure its ongoing committment to support sustainable SME growth and employment within the SME sector. ProCredit Bank signed as of today, December 09, a EUR 6,000,000 loan agreement with KfW. The funds will be used for financing Romanian micro enterprises and SMEs. Furthermore, in December, ProCredit Bank is announcing a EUR 2 million capital increase. Internationale Micro Investitionen AG (IMI) will invest EUR 1,500,000 in ProCredit Bank’s social capital and Commerzbank AG EUR 500,000. This fact proves our shareholders’ trust in the bank’s future on this market and in the ascendant evolution of the Romanian economy. |
| ProCredit Bank 09-12-2004 |