4finance receives preliminary approval from Bulgarian central bank to purchase TBI Bank

Acquisition of profitable consumer-focused EU bank expected to complete in July
2016
RIGA, Latvia--(BUSINESS WIRE)-- Regulatory News:

4finance Holding S.A. (the “Group”), one of Europe’s largest online and mobile
consumer lending groups, has received approval from the Bulgarian National Bank
to proceed with the purchase of TBI Bank EAD through the acquisition of 100% of
TBIF Financial Services B.V. (“TBI” or the “Bank”).

Subject to various closing conditions, including approval from the Bulgarian
Commission for Protection of Competition, the Group expects to finalise the
purchase of TBI from its parent company, Kardan N.V., in July 2016. The purchase
price of approximately EUR 75 million is payable on completion, subject to
certain adjustments for audited results.

TBI is a consumer-focused bank in Bulgaria and Romania with assets of EUR 279
million as of 31 March 2016, including EUR 168 million of customer loans.
Funding is predominantly through customer deposits of EUR 178 million,
representing 83% of total liabilities, as of 31 March 2016. The Bank made a net
profit of approximately EUR 4 million in the first quarter of 2016. These
financials are based on unaudited figures and exclude the results of certain non
-banking assets of TBI that will be transferred to Kardan prior to closing.

Notes to Editors

4finance is one of Europe’s largest and fastest growing online and mobile
consumer lending groups with operations in 14 countries globally. Putting
innovative data-driven analysis into all aspects of the business, 4finance has
grown rapidly, issuing over EUR 3.0 billion to date in single payment loans,
instalment loans and lines of credit.

4finance operates through a portfolio of market leading brands with strong
regional presence including Vivus, SMSCredit and Zaplo. A responsible lender,
offering simple, convenient and transparent products and service, 4finance is
meeting growing customer demand from those under-served by conventional lending.

Established in 2008, 4finance has group offices in Riga (Latvia), London (UK)
and Miami (USA), and operates in Argentina, Armenia, Bulgaria, the Czech
Republic, Denmark, Finland, Georgia, Latvia, Lithuania, Mexico, Poland, Romania,
Spain and Sweden. www.4finance.com
4finance (Investor Relations)
James Etherington
Email:
investorrelations@4finance.com
+44 (0)7766 697 950
or
Instinctif Partners (International Media)
Mark Walter
James Gray
Email: 4finance@instinctif.com
+44 (0)207 457 2020