2nd Investment in Kreditmart

Aurora Russia Limited
28 September 2007

28 September 2007



         Aurora Russia to invest a further £10 million into Kreditmart



Aurora Russia Limited ('Aurora Russia'), the AIM-quoted investment vehicle
established to make equity or equity-related investments in small and mid-sized
private companies in Russia, announces that it has invested a further £10
million into Kreditmart, to support further growth of the finance company which
distributes mortgages, equity release loans and other consumer finance products.
  Kreditmart is wholly owned by Aurora Russia which has now invested a total of
£22.5 million in the Company.



Kreditmart is a leading multi-brand and multi-product loan financial supermarket
in Russia that specialises in mortgages and consumer loans.  It was established
by Aurora Russia with a £12.5 million investment in November 2006 and has shown
strong performance and made significant progress in building its distribution
network.  Kreditmart opened its first loan shop in Moscow in March 2007 followed
by its second loan shop in St. Petersburg in August.  Two more branches in Omsk
and Novosibirsk are scheduled to open in October.  Leases have been signed on
locations in Ekaterinburg and Rostov-on-Don, both to open by year-end.  In
addition, Kreditmart has opened an additional 5 sales points in high street
locations in Moscow and the Moscow Region within the real estate sales offices
of Doki and Realmart.  Kreditmart offers over 400 loan products from 18 partner
banks and to date has originated over $10 million in mortgage loans.  Kreditmart
currently employs 80 mortgage professionals.



Sir Trevor Chinn, Chairman of Aurora Russia, commented on the investment:

'Kreditmart has been steadily exceeding our expectations in terms of growth
dynamics; we are committed to further supporting Kreditmart's buoyant
development'.



James Cook, Chairman of Kreditmart and Director of Aurora Russia, said:

'The Russian mortgage market is very vibrant and set for further growth; we are
determined to leverage this trend to our advantage so as to deliver greater
value to our shareholders. '



Enquiries:


Aurora Russia Limited
James Cook, Moscow                                      [phone]
John McRoberts, London                                  [phone]

Kreditmart
Natalia Pushko                                          [phone]

Financial Dynamics
Ed Gascoigne-Pees                                       [phone]
Felicity Murdoch                                        [phone]



Notes to Editors:



About Aurora Russia



Aurora Russia floated on the Alternative Investment Market of the London Stock
Exchange on 24 March 2006. The Company has been established to make equity or
equity related investments in small and midsized private Russian companies
focused on the financial, business and consumer services sectors where the
Directors believe there is potential for growth together with viable exit
opportunities within two to four years of making such investments. The Company
intends to provide its investee companies with the necessary capital to continue
to expand and develop. The Manager shall provide hands-on operational support to
deliver significant step changes in performance and value creation.



Aurora Russia targets companies with Enterprise Values of up to approximately
£100 million and seeks to secure blocking or controlling stakes and board
representation. The Company intends generally to take equity stakes of greater
than 20% in each portfolio company. It is anticipated that each equity
investment will typically be between £5 million and £25 million.



For more information please visit www.aurorarussia.com



About Kreditmart



Kreditmart is the first-ever multi-brand and multi-product loan supermarket in
Russia. The company offers its customers a wide selection of loan and insurance
products from the leading Russian banks and insurance companies, overall product
offering exceeding 400 programmes. It was set up in 2006 by Aurora Russia
Limited, an AIM listed investment vehicle, with a £12.5 million investment.
Kreditmart boasts a team of seasoned professionals with track record of success
in mortgage and retail banking. Currently the company focuses on mortgages and
home equity loans, its flagship products. Kreditmart's loan shops operate in
Moscow and St.Petersburg with several more scheduled for opening by year end in
line with the company's aggressive regional expansion plans.





For more information please visit www.kreditmart.ru














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