Net Profit) in 1Q’21

TCS Group Holding PLC reports record quarterly profit for the period (net profit) in 1Q’21 Total revenues grew 21% to RUB 56.8 bn in 1Q’21 (1Q’20: RUB 46.9 bn) Net profit rose 57% to RUB 14.2 bn in 1Q’21 (1Q’20: RUB 9.0 bn) Tinkoff Investments assets under custody exceeded RUB 415 bn Non-credit business lines accounted for 43% of revenues and 24% of net profit Total customers reached 14.8 mn in 1Q’21 (1Q’20: 10.8 mn) LIMASSOL, CYPRUS — 11 May 2021. TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (“Tinkoff”, “We”, the "Group", the “Company”), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces its consolidated IFRS results for the three months ended 31 March 2021. Oliver Hughes, CEO of Tinkoff Group, commented: “We continued to demonstrate profitable growth in the first quarter of 2021 with net profit reaching a new quarterly record of RUB 14.2 bn, as we charged full steam ahead, acquiring new customers and launching cool new features across our product lines. We continue to strengthen Tinkoff Investments by diversifying our investment offering. I am pleased to welcome Anton Malkov on board as the new Head of the Capital Markets Transactions Management Team at Tinkoff Investments to lead our new DCM and ECM effort with a focus on new-economy companies. In April we announced Tinkoff Group’s acquisition of a majority stake in Beskontakt LLC, the developer of the Koshelek app. A digital wallet and Russia’s only mobile app for aggregating bank cards, loyalty cards and coupons, the Koshelek app has a user base that exceeds 20 million and works with the country’s largest retailers. This is a huge apportunity for Tinkoff as we step-up our presence in the loyalty space. On the corporate governance front, we continue to make important improvements. I am pleased to have taken on the role of Executive Director of the newly expanded TCS Group Board of Directors to lead this work while continuing to oversee strategic initiatives. In addition, just a week ago we announced that we are signicantly expanding and strengthening the TCS Group Board with the appointments of Ashley Dunster, Masha Gordon, Margarita Hadjitofi, Nick Huber and Nitin Saigal as independent, non-executive Directors from today. In parallel with these appointments, the Company is launching two new committees, a Risk and Emerging Risk (‘Sustainability’) Committee and a Strategy Committee. With these and other initiatives, we are well on our way to achieving our goal of creating the most comprehensive, engaging and innovative financial and lifestyle ecosystem in the world.” 1 Stanislav Bliznyuk, Chairman of the Tinkoff Bank Management Board, added: “I’m pleased to report the continuing robust performance of both our credit and non-credit business lines, with our non-credit business lines accounting for 43% of revenue in the first quarter. As digital adoption accelerates across industries, we are rolling out new products and services that best harness this trend. In April Tinkoff launched Russia’s first digital BNPL (buy-now-pay- later) service for individuals called Dolyame.ru. It combines the advantages of online acquiring and instalment plans for customers making payments when shopping online. The Tinkoff Black business – our current account product and the backbone of the Tinkoff ecosystem, reached new heights with 8.9 mn total customers. Tinkoff Business continued to grow its customer base in Q1, as the increase in the number of mid-sized businesses gathered pace. Tinkoff Business also expanded customers’ access to lending, while retaining its traditionally conservative approach to risk. We remain Russia’s second-largest provider of online acquiring services and Tinkoff Acquiring continues to grow its revenues steadily. Tinkoff Checkout, which enables companies to take care of their online and offline payment needs in one place is just one of the new latest services addressed at our business customers Tinkoff Investments remained Russia’s leading brokerage on Moscow Exchange with 1.8 mn customers and RUB 415 bn in assets under custody.” FINANCIAL AND OPERATING REVIEW RUB bn 1Q’21 1Q’20 Change Credit accounts acquired (mn pcs) 1.5 1.0 +54% Net margin 29.2 25.5 +14.4% Net margin after provisions 24.5 10.0 +144.0% Profit before tax 18.0 11.6 +55.3% Net profit 14.2 9.0 +57.0% Return on equity 43.7% 37.5% +6.2 p.p. Net interest margin 15.8% 20.0% -4.2 p.p. Cost of risk 4.5% 15.9% -11.4 p.p. RUB bn 31 Mar 2021 31 Dec 2020 Change Total assets 873.5 859.3 +1.7% Net loans and advances to 431.0 376.5 +14.5% customers 2 Share of NPLs 9.7% 10.3% - 0.6 p.p. Cash and treasury portfolio 326.6 374.8 -12.9% Total liabilities 741.3 732.3 1.2% Customer accounts 631.3 626.8 +0.7% Total equity 132.3 127.0 +4.1% Tier 1 capital ratio 18.0% 17.9% +0.1 p.p. Total capital ratio 18.0% 17.9% +0.1 p.p. CBR N1.0 (capital adequacy 12.6% 13.1% -0.5 p.p. ratio) In 1Q’21, the Group’s total revenue grew by 21% year-on-year to RUB 56.8 bn (1Q’20: RUB 46.9 bn). Gross interest income increased by 11% year-on-year to RUB 35.3 bn (1Q’20: RUB 31.7 bn), driven primarily by loan portfolio growth. Gross interest yield decreased to 25.6% in 1Q’21 (1Q’20: 29.8%), mainly as a result of the declining interest rate environment and changes in the loan mix. The interest yield on the Group’s securities portfolio decreased to 5.1% (1Q’20: 6.0%), in connection with declining rouble interest rates. In 1Q’21, despite the significant increase over the last 12 months in our customer base and account balances, interest expense decreased by 1.6% year-on-year to RUB 5.5 bn (1Q’20: RUB 5.6 bn). This was driven by a continued decline in our cost of borrowing from 4.8% in 1Q’20 to 3.2% in 1Q’21, due to a gradual decrease in deposit rates (consistent with market rate decreases) and a growing share of current accounts in the funding mix. In 1Q’21 net margin grew by 14% year-on-year to a record RUB 29.2 bn (1Q’20: RUB 25.5 bn), primarily as a result of our growing loan portfolio. Cost of risk fell to 4.5% in 1Q’21 from 15.9% in 1Q’20. Our risk-adjusted net interest margin rose from 7.9% in 1Q’20 to 13.3% in 1Q’21. Our non-credit business lines continue to deliver an increasing share of our revenue thanks to growth of the customer base, our widened range of product offerings and continued monetisation efforts. In 1Q’21 non-credit revenue represented 43% of the Group’s revenue and 24% of the Group’s profit before tax. At the end of 1Q’21, the Group had: over 8.9 mn total current account customers with a total balance of RUB 329.3 bn across all accounts over 500k total SME customers, with a total current account balance of RUB 83.1 bn over 1.8 mn total Tinkoff Investments customers and over RUB 415 bn in customer assets In 1Q’21, operating expenses increased 74% year-on-year to RUB 20.3 bn (1Q’20: RUB 11.6 bn) driven by resumed growth of our loan portfolio, and investments into our fast growing new business lines. 3 The Group reported robust quarterly net profit of RUB 14.2 bn in 1Q’21 (1Q’20: RUB 9.0 bn), supported by continued robust customer acquisition and monetisation. As a result, ROE for 1Q’21 stood at 43.7% (1Q’20: 37.5%). In 1Q’21, the Group continued to maintain a healthy balance sheet, with total assets growing by 1.7% since the end of 2020 to RUB 873.5 bn (31 Dec’20: RUB 859.3 bn). The Group’s gross loan book grew by 12.4% since the end of 2020 to RUB 502.9 bn (31 Dec’20: RUB 447.4 bn), while the net loan book increased by 14.5% to RUB 431.0 bn (31 Dec’20: RUB 376.5 bn). The Group’s NPL ratio fell to 9.7% (31 Dec’20: 10.3%), while our credit loss allowance coverage stood at 1.47x non-performing loans. The Group’s customer accounts increased by 0.7% since the end of 2020 to RUB 631.3 bn (31 Dec’20: RUB 626.8 bn). Tinkoff’s total equity rose by 4.1% to RUB 132.3 bn at the end of 1Q’21 (31 Dec’20: RUB 127.0 bn). As of 1 April 2021 the Group’s statutory N1.0 ratio stood at 12.6%, its N1.2 ratio stood at 12.1%, and the N1.1 ratio stood at 10.0%. GUIDANCE FOR FY’21 The Group reiterates the following previously communicated guidance for full year 2021: We expect our net loan portfolio growth to be more than 30% We expect cost of risk to be 7-8% We expect cost of borrowing to be in the 3-4% range We expect the share of non-credit revenues to be more than 40% of total revenues We expect net profit to be at least RUB 55 bn 1Q’2021 AND POST-REPORTING PERIOD OPERATING HIGHLIGHTS Customer base and engagement growth has led to increased market share The Group had over 8.9 mn total Tinkoff Black customers as of 1 April 2021.

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