TOT Money gets Voluntary Increase of 100 million Rubles on Credit Limit from Alfa Bank

  TOT Money gets Voluntary Increase of 100 million Rubles on Credit Limit from
  Alfa Bank

Business Wire

MIAMI -- January 15, 2013

Net Element International(NASDAQ: NETE) a technology driven group in mobile
commerce and payment processing, as well as in entertainment and culture
Internet destinations in Russia and other emerging markets, announced that it
has received additional capital of 100 million rubles from Alfa-Bank, Russia’s
largest private bank. This credit facility was extended to TOT Money, Net
Element’s mobile payment processing company, and is in addition to 300 million
rubles (approximately $9.5 million) that Alfa-Bank extended to Net Element in
September 2012 to support the company’s growth and operations.

Alfa-Bank voluntarily increased this credit limit on the factoring facility
after endorsing the increase in business volume across TOT Money’s platform.
The added working capital will allow for Net Element to continually expand its
business.

“We have seen how TOT Money successfully continues to capitalize in their
mobile commerce and payment processing initiatives in a short period of time
and decided to grant them additional funds to increase their funding
capacity,” said Ilina Polina, director of business development at Alfa-Bank.
She continued: “In particular, the volume of business conducted at TOT Money
continues to grow and surpass the needs and expectations of its clients.”

This additional working capital will aid in accelerating TOT Money’s strategic
and financial initiatives.

About Net Element (NASDAQ: NETE)

Net Element International(NASDAQ: NETE) is a technology-driven company that
operates in mobile commerce and payment processing, as well as entertainment
and culture Internet destinations in Russia and other emerging markets. For
more information, visitwww.NetElement.com.

About Alfa-Bank

Founded in1990, Alfa-Bank isRussia’s largest private bank interms oftotal
assets, total equity, customer accounts and loan portfolio. Thefull-service
bank operates inmost sectors ofthe financial market, including retail and
corporate lending, investment banking, trade finance and asset management.
According toits audited IFRS financial statements for the full year 2011, the
Alfa Banking Group, which comprises OJSC Alfa-Bank aswell asits subsidiary
banks and financial companies, had total assets of$31.4billion, gross loans
of$23.2billion, and total equity of$3.4billion. Net profit after tax for
2011 amounted to$641million. The Alfa Banking Group’s corporate and retail
client base has grown considerably during the past several years. As of
January2012, Alfa-Bank Group serves approximately 55,800 corporate and 6.3
million retail customers, while the branch network consists of465 offices
across Russia and abroad, including asubsidiary bank inthe Netherlands and
financial subsidiaries inthe United States, the United Kingdom and Cyprus.
For more information, visit www.alfabank.com.

Contact:

Net Element International, Inc.
Francesco Piovanetti, +1-787-993-9650
 
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