Fitch Ratings has assigned Mogo Finance B- rating with Stable Outlook

Riga, Latvia, 23 July 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, have received a B- (Stable Outlook) Long-Term Issuer Default Rating (IDR) from Fitch Ratings (Fitch) and a Senior Secured Debt Rating assigned B- for its 9.50% corporate bond 2018/2022 (XS1831877755).

In line with the recent uplisting to the regulated market (General Standard) of the Frankfurt Stock Exchange and its associated higher transparency and disclosure requirements, the Fitch B- ratings will further increase the attractiveness of the Mogo Finance Bond to investors.

Modestas Sudnius, CEO of Mogo Finance, commented:

“We are very satisfied with the result of the rating process. The B- ratings reflect the high yield potential of Mogo Finance and thus provides investors with sound insights in our financial stability and stable valuation basis for future access to capital markets to expand our business activities.”

About AS “mogo”

AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and instalment loans, which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of more than 270 affiliated car dealerships, or at one of its client service centers in major cities throughout Latvia. AS “mogo” has more than 20 thousand active customers in Latvia. Mogo Finance S.A. group companies operate successfully not only in Latvia, but also in Estonia, Lithuania, Georgia, Armenia, Poland, Bulgaria, Romania, Moldova, Belarus, Ukraine, Albania, Uzbekistan, Kazakhstan and Macedonia with more plans to expand business in other countries. Read more: www.mogofinance.com

Simonas Jurgionis, Investor Relations Manager

Email: simonas.jurgionis@mogofinance.com

Phone: +371 27 073 993