MCB Finance Group Plc

18 November, 2013 MCB FINANCE GROUP PLC Results for the Period Ending 30 September 2013 MCB Finance Group plc (AIM: MCRB.L) ("MCB", the "Group" or the Company), which provides consumer finance solutions to retail customers in Finland, Estonia, Latvia, Lithuania and Australia, today announces its results for the three month and nine month periods ending 30 September 2013. Operational & Financial Highlights Consolidated Loan Principal Issued grew by 8.9% to 23.2 million in the year to Q3 2013, but fell 5.7% from the previous quarter on account of the anticipated transition in the Finnish business from instalment loans to credit lines (Q3 2012: 21.3m; Q2 2013: 24.6m); Fees and interest due from loans issued by the Group were 8.7m in Q3 2013, up 9.0% from the same period in the prior year, but down 11.2% on the previous quarter (Q3 2012: 7.9m; Q2 2013: 9.7m), primarily due to the anticipated Finnish business transition; Consolidated Revenue growth of 17.6% to 8.3 million in the year to Q3 2013, down 5.8% on the previous quarter due to the Finnish business transition (Q3 2012: 7.0m); Impairment costs of 26.4% of Revenue for Q3 2013, a 2.9 percentage point improvement over the previous quarter and within the Groups targeted range (Q2 2013: 29.3%; Q3 2012: 18.8%); Operating Profit from the Established Markets Business of 2.0 million for Q3 2013 (Q3 2012: 2.2m); Pro Forma Profit Before Tax from the Established Markets Business of 0.2m in Q3 2013 (Q3 2012: 1.1m), after deducting 1.8m Financing Costs; Continued investment in Sving online sales financing, credit line products and related technology platforms during the period. Expenditure expected to moderate towards the end of 2013 as strategic investments near completion; Group Pro Forma Loss After Tax of 0.9m for Q3 2013 (Q3 2012: Profit of 0.4m ), after 0.9m operating losses from New Businesses and before unrealised foreign exchange gains on borrowings and other non-cash items; While reporting a further loss in the year to end Q3 2013, the previously announced programme of cost and revenue initiatives has had a positive impact on operating margins in September and October and, together with stronger post-Summer trading in Finland and Lithuania, has contributed to the group trading profitably at the Net Income level in October.

Further information: MCB Finance Group Plc Paul Aylieff, Chief Financial Officer

+372 501 4064

MCB Finance Group Plc

paul.aylieff@mcbfinance.com Nominated adviser and broker: Sanlam Securities UK Limited Lindsay Mair / Catherine Miles Media enquiries: Allerton Communications Peter Curtain peter.curtain@allertoncomms.co.uk

+44 7599 000007

+44 20 7628 2200

+44 20 3137 2500

Business Overview MCB Finance Group is a leading consumer finance company providing fast, convenient and flexible credit solutions under the Credit24 brand to retail customers in Finland, Estonia, Latvia and Lithuania (together the Established Markets), as well as in Australia. In the Established Markets, the Company is a leading provider of unsecured credit, providing loans and credit lines up to 3,000 to qualifying customers with maturities of up to two years. Loan products are designed to suit customers needs, with simple and transparent terms and flexible repayment schedules. The Company operates in a segment of the market that is typically under-served by larger financial institutions, and is focused on servicing high quality customers with strong credit histories. Loans are currently offered on-line through the Companys Credit24 branded websites in each market, as well as through certain distribution partners. In addition, the Group offers online sales financing solutions to retail customers and internet retailers under the Sving brand.

OPERATIONAL REVIEW The Groups Established Markets Business (consumer lending under the Credit24 brand in Finland, Estonia, Latvia and Lithuania) showed continued underlying momentum, but with some regional variation in quarterly growth. Strong year-over-year growth was recorded in Estonia and Lithuania, moderate growth in Latvia and a decline in Finland, where the Company launched new credit line products in response to consumer demand and regulatory changes, which came into effect in June 2013. Primarily as a result of the Finnish business transition (see below), Loan Principal Issued to customers during Q3 2013 totalled 22.3m for the Established Markets Business, an increase of 4.5% compared to the prior year period (Q3 2012: 21.3m), but a decrease of 6.9% on the previous quarter (Q2 2013: 24.0m). Q3 2013 Revenue for the Established Markets Business grew year-over-year by 15.6%, with growth recorded in all Established Markets except for Finland. The profit contribution from the Established Markets Business remained positive in Q3 2013 with profitability expected to increase in Q4 2013 over Q3 2013 levels. Losses from New Businesses have shown improving trends in Q3 2013 and are expected to show further improvement in Q4 2013. Overall Group profitability is expected to improve in Q4 2013 as the Australian and Online Sales Financing businesses move towards break-even levels of profitability, as investments in new transaction platforms near completion, and as the benefits of specific cost initiatives designed to optimise growth and improve margins come fully into effect. Finnish Business Transition

MCB Finance Group Plc

The credit line product launched in Finland on June 1 has been well received, with new contract issuance ahead of expectations. As anticipated, during the transition to credit line products from the historical instalment loan product offering (which the Company ceased issuing in June), Loan Principal Issued and Revenue generated in the Finnish business declined 20.7% and 32.4% respectively in Q3 2013 from the previous quarter. With strong momentum in new contract issuance, Revenue growth is now accelerating as the benefits from the issued credit line contracts base begins to outweigh the impact of declining revenues from pre-June instalment loan issuance. Revenue and profits growth from the Finnish business is expected to accelerate in line with the growth of issued credit lines, as customers make additional draws on new and existing lines, and as credit settings are optimised and principal issued increased following the initial months experience in issuing the new credit line products. The successful launch of the Groups credit line offering in Finland points to the potential for the business to secure strong incremental volume growth and resulting market share gains. In addition, the platform and product development undertaken in connection with the re-positioning of the Groups Finnish business offers the opportunity to roll out an attractive range of products into other Group markets.

Economic Environment The economic environment for the Groups Established Markets Business remained generally stable in the three months period to 30 September 2013. Based on current Eurostat estimates, expected year-on-year GDP growth rates for 2013 range between -0.6% (Finland) and 4.0% (Latvia). Unemployment is expected to be flat to declining in Estonia, Latvia and Lithuania, while slightly increasing in Finland.

Established Markets Business Lending Volumes Loan Principal Issued in the Established Markets Business in the third quarter ending 30 September 2013 was 22.3m, up 4.5% on Q3 2012, but 6.9% below Q2 2013 (Q2 2013: 23.9m). Sequential quarterly volume growth was positive in Lithuania and Estonia, with Estonia recording its highest ever quarterly volumes, and Lithuania returning to quarterly volume growth compared to the previous quarter. In Finland, new credit line products were introduced from 1 June 2013 in line with the regulatory changes of implementing APR cap of 51%, which impacted the volumes adversely as discussed above. Loan Principal Issued in Latvia in Q3 2013 fell 5.7% compared to the previous quarter as higher credit quality settings were implemented to counter the increase in impairment costs in Q2 2013.

Loan Principal Issued

MCB Finance Group Plc

( thousands) Finland Estonia Lithuania Latvia Group Established Markets

Q3 2013 6,906 3,552 8,614 3,191

Q2 2013 8,708 3,472 8,352 3,384

Q1 2013 8,450 3,291 8,869 3,342

Q3 2013 vs Q2 2013 -20.7 % 2.3 % 3.1 % -5.7 %

Q4 2012 7,820 3,388 8,309 3,275

Q3 2012 7,791 3,049 7,397 3,066

Q2 2012 7,374 3,404 7,766 3,268

Q1 2012 8,143 2,856 7,246 2,530

Q3 2013 vs Q3 2012

2012

-11.4 % 31,127 16.5 % 12,697 16.4 % 30,718 4.1 % 12,139

22,262 23,916

23,952

-6.9 % 22,792 21,303

21,812 20,775

4.5 % 86,681

Fees & Revenue Fees and interest due from loans issued in Q3 2013 in the Established Markets Business were 8.3m, up 5.4% from the prior year period (Q3 2012: 7.9m), with the average maturity of loans granted during Q3 2013 being 9.4 months (Q3 2012: 7.0 months). The increase in loan maturities during the quarter is expected to support continued revenue growth, as income is recognised over the maturity of the issued loans. Total Revenue for the three months ending 30 September 2013 increased in all Established Markets compared to the previous quarter, except for Finland, where revenues declined on account of the transition of the business to new credit line products. Total Established Markets Business Revenue grew 15.6% to 8.1m in Q3 2013 compared to the previous year (Q3 2012: 7.0m). Group Consolidated Revenue was 8.3m for Q3 2013, up 17.6% compared to the prior year (Q3 2012: 7.0m). Revenue Q3 2013 vs Q2 2013 Q3 2012 -32.5 % 1.4 % 6.5 % 0.1 % -5.9 % 2,032 1,479 2,362 1,157 7,031 Q2 2013 vs Q2 2012 -23.6 % 17.5 % 44.2 % 23.3 %

( thousands) Finland Estonia Lithuania Latvia Group Established Markets

Q3 2013 Q2 2013 Q1 2013 1,552 1,738 3,407 1,427 8,124 2,297 1,714 3,199 1,426 8,636 1,991 1,628 2,796 1,309 7,724

2012 8,354 5,508 9,035 4,349

15.6 % 27,246

Credit Quality Overall credit quality remained strong during the period with expected loss rates for loan pools granted during the third quarter of 2013 of 5.3%, below the low end of the Groups 6%-7% target range. Impairment Costs for the Established Markets Business for Q3 2013 were 25.5% of Revenues (Q2 2013: 29.0%; Q3 2012: 18.8%), within the Groups 20-30% target range.

MCB Finance Group Plc

The 3.5 percentage point improvement in Established Markets Business Impairment Costs as a percentage of Revenues in Q3 2013 was helped by the selected tightening of credit settings in Latvia and Finland in Q2 2013, as well as by improving collection recovery performance in Latvia.

New Businesses During 2012 and the first half of 2013, the Company undertook a series of investments with a view to strengthening certain central functions and to develop various New Businesses and new products (namely, consumer lending in Australia, online sales financing and credit line products), together with related technology platform developments, identified by management and the Board as being attractive areas of future growth. For the three months ending 30 September 2013, costs relating to these investments applicable to New Businesses recognised in the Consolidated Statement of Comprehensive Income totalled 0.9m (Q2 2012: 0.5m). The investments made in New Businesses, new products and platforms are considered important to grow and diversify the Companys sources of future revenue, further enhance operating efficiency and to help mitigate risks arising from potential future regulatory changes or credit cycles. Australia From the end of July 2013, the Australian business has been run with a greater focus on nearterm profitability, rather than building national market awareness at this stage of its development. The resulting reduction in operating costs and current investment in the business has resulted in a significant reduction in the operating losses previously being incurred to grow the business nationally. Operating costs have been reduced by approximately 70% from July 2013 levels, resulting in the Australian business already delivering profitability close to break-even levels. Any further acceleration in Australian lending volumes would be subject to a stronger track record of profitability and a strengthened Group capital structure. Between the July 2012 pilot launch and the end of Q3 2013, the Company made approximately 2,600 loans in Australia and Issued Loan Principal equivalent to approximately 2.4m. The modest growth in loan volumes in Q3 2013 reflects the managed reduction in Australian growth introduced in July 2013 pending additional funding, after which growth can be increased on the new positioning determined for the business in May 2013 Sving / Online Sales Finance The Companys proprietary on-line sales financing platform offers a payment and credit line product offering to customers purchasing goods on-line from internet retailers. The service is marketed and operated under the Sving brand name. In the period since the launch of Sving to date, the business had signed contracts, or is in advanced stages of negotiation, with a majority of the leading online retailers in Lithuania, and has already established a leading presence for online sales financing in that market. Sving now has over 4,200 registered customers who have made one or more online purchases using the service. Customer acquisition has been growing strongly and user receptivity to Svings flexible and convenient product features continues to be strong. A number of additional online retailers are due to come on-stream in Lithuania in the coming months. The Sving business is expected to be rolled out in a number of other Established Markets in 2014. Management believes that the Sving business offers an attractive opportunity for the Company to

MCB Finance Group Plc

grow a sizeable and profitable business under a new brand, addressing a new socio-demographic segment of the market. In line with other new business launches, management expects the Sving business will reach break-even levels of profitability within approximately 18 months from launch. More information on the Groups Online Sales Finance business can be found at www.sving.com.

Regulatory Environment On June 1 2013, new regulatory measures, approved in March 2013 by the Finnish parliament, came into effect, including a 51% annual percentage rate cap on consumer loans of 2,000 or less, and fee limitations and enhanced customer diligence requirements for consumer lenders. The new regulatory measures were a key factor for the Company instigating a material repositioning of its product offering in Finland earlier this year. The Estonian, Latvian and Lithuanian governments are currently considering changes to the regulatory environment, which will likely come into force during 2014, including certain annual percentage rate and fee limitations, as well as enhanced customer diligence and operational requirements for consumer lenders. The Company welcomes the regulatory changes and remains confident of its ability to comply fully with, as well as operate successfully under, the new regulations.

FINANCIAL REVIEW To facilitate comparison and provide greater transparency regarding underlying profitability, details are provided on the Established Markets Business and the performance of the New Businesses separately, as well as on the proportion of central costs dedicated to supporting each area of activity. Details of the performance of the Established Markets Business and New Businesses are provided below.

Established Markets Business Revenue for Q3 2013 was 8.1m, an increase of 15.5% over the prior year period (Q3 2012: 7.0m), underpinned by a 4.5% increase in Principal Issued to 22.3m in Q3 2013 over the prior year period (Q3 2012: 21.3m). Fees and interest due from loans issued in Q3 2013 from the Established Markets Business were 8.3m, up 5.4% from the prior year period (Q3 2012: 7.9m). Impairment Costs for the Established Markets Business totalled 2.1m for Q3 2013, equivalent to 25.5% of Revenue, up from 1.3m or 18.8% of Revenue in Q3 2012, but down 0.4m from Q2 2013 levels (Q2 2013: 2.5m or 29.0% of Revenue). Impairment levels for the Established Markets Business are within the targeted range, with overall credit quality remaining strong during the period with expected loan loss rates for loans granted during the third quarter of 2013 of 5.3%, below the lower end of the Groups 6%-7% target range. The selective tightening of Credit settings in Latvia, Australia and Finland earlier in the year, along with various changes made to collection partner relationships, have contributed to the decrease in started to decrease Impairment Costs in Q3 2013 compared to Q2 2013, with further benefit expected to result in Q4 2013.

MCB Finance Group Plc

Direct and Administrative Costs related to the Established Markets Business for the quarter ending 30 September 2013 were 2.8m, equivalent to 34.9% of Revenue (Q3 2012: 2.5m, 35.3% of Revenue). As a result, the Contribution Margin (profit from operations before unallocated central overhead and financial costs) from the Established Market Business for the quarter ending 30 September 2013 was 3.2m, a decrease of 0.2% over the prior year period (Q3 2012: 3.2m). Allocating Central Costs between the Established Markets Business and New Businesses, based on activity and function, showed an Operating Profit for Q3 2013 for the Established Markets Business of 2.0m, down 8.7% from 2.2m in Q3 2012.

Established Markets Business Financial Performance ( thousands) Principal Lent Net Customer Loan Receivables Fees Generated Revenue Impairment Costs
as % Revenue

Q3 2013 22,262 40,540 8,277 8,124 -2,071

25.5%

Q3 2012 21,304 29,633 7,855 7,031 -1,325

18.8%

% Change 4.5 % 36.8 % 5.4 % 15.5 % 56.3 %

2012 86,681 33,074 31,751 27,246 -5,113

18.8%

Direct and Administrative Costs

as % Revenue

-2,837
34.9%

-2,482
35.3%

14.3 %

-10,463
38.4%

Contribution Margin - Established Markets

as % Revenue

3,217
39.6%

3,224
45.9%

-0.2 %

11,670
42.8%

Central Costs related to Established Markets Operating Profit - Established Markets

as % Revenue

-1,168 2,049
25.2%

-980 2,244
31.9%

19.2 % -8.7 %

-3,786 7,884
28.9%

New Businesses & Consolidated Financial Performance Costs related to New Businesses recognised in the Consolidated Statement of Comprehensive Income totalled 0.9m in the three month period to 30 September 2013 (Q3 2012: 0.5m). Investment in New Businesses and products is expected to moderate towards the end of the year from levels seen in recent quarters as development work relating to new lending and credit platforms nears completion.

MCB Finance Group Plc

New Business Costs & Consolidated Financial Performance ( thousands)

Q3 2013 Q3 2012

2012

Operating Profit - Established Markets Operating Profit - New Business Consolidated Operating Profit Financing Costs Pro Forma Profit Before Tax Income Tax Expense Pro Forma Profit After Tax Refinancing Costs Foreign Exchange gain/loss on borrowings Gains/losses arising on derivatives Translation differences Cost of Employee Share Options Group Net Income

2,049 -906 1,143 -1,810 -667 -189 -856 0 -444 -26 -139 -26 -1,492

2,244

7,884

-505 -1,503 1,739 6,380

-1,153 -3,790 586 -209 377 0 -1,128 622 -29 -18 -176 2,590 -819 1,771 -80 -904 9 -65 -93 637

Consolidated Operating Profit for the three months ending 30 September 2013 was 1.1m (Q3 2012: 1.7m), comprising 2.0m Operating Profit from the Established Markets Business and a 0.9m Operating Loss from New Businesses. Net Financing Costs for the three months ending 30 September 2013 were 1.8m, an increase of 0.7m over the prior year period (Q3 2012: 1.2m), reflecting loan book growth and the issuance of Senior and Subordinated bonds in 2012 and H1 2013. Excluding Translation Differences, Unrealised Foreign Exchange Gains on Borrowings related to the Groups SEK bond, Employee Share Option costs and derivative value movements, the Groups Pro Forma Loss Before Tax was 0.7m for the three month period ending 30 September 2013 (Q3 2012: 0.6m profit). The Companys Pro Forma Loss After Tax was 0.9m for the three month period ending 30 September 2013 (Q3 2012: Profit of 0.4m). The Company accrued a 0.19m tax provision expense for the three month period ending 30 September 2013 (Q3 2012: 0.21m), relating to its Finnish, Latvian and Lithuanian operations. No corporation tax arises in Estonia unless a distribution is made. Including Net Unrealised Foreign Exchange Losses on borrowings of 0.4m, gains/losses arising on derivatives of 0.03m, Translation Differences of 0.1m and costs relating to employee share options of 0.03m, the Groups Net Loss After Tax for the three months to 30 September 2013 was -1.5m (Q3 2012: -0.2m).

MCB Finance Group Plc

Foreign Exchange Gains / Losses on Borrowings comprise unrealised foreign exchange gains or losses incurred in relation to the Groups SEK-denominated bonds. Foreign currency options limit the Groups exposure on its senior and subordinated bonds to a weighted average 3.9% weakening in the value of the Euro over the three year maturity of the senior bonds and the two year maturity of the subordinated bond. During the period, Euro/SEK exchange rate movements resulted in an unrealised foreign exchange loss of 0.4m. The currency options put in place to mitigate the foreign exchange rate risk on the issued bonds incurred a 0.03m unrealised value loss in the Q3 2103 period. Foreign Exchange Translation Differences arising from the Groups non-Euro currency earnings resulted in a 0.1m loss during the period, booked in accordance with IFRS accounting rules as Other Comprehensive Income. Translation differences in the period resulted from the Groups Australian activities.

Balance Sheet As of 30 September 2013, Net Customer Loan Receivables totalled 41.9m (net of loan loss provisions), an increase of 41.1% over the prior year (30 September 2012: 29.7m). As of 30 September 2013, Gross Borrowings totalled 44.2m, comprising 40.4m senior secured bond and 5.2m subordinated bond principal outstanding, net of costs relating to the bond offerings in accordance with IAS 39 (30 September 2012: 29.2m). Net Debt as of 30 September 2013 totalled 34.9m (30 September 2012: 20.7m). Cash as of 30 September 2013 was 9.3m (30 September 2012: 8.5m). The Groups Equity Ratio was 25.3% as of 30 September 2013 compared to 25.7% as of 31 December 2012 and 24.6% as of 30 September 2012. The Groups Net Debt to Net Receivables Ratio was 83.4% as of 30 September 2013, compared to 69.8% as of 31 December 2012 and 69.6% as of 30 September 2012. Summary Balance Sheet ( thousands) Net customer loan receivables Cash Other assets Total assets Borrowings Net Debt Equity Equity ratio 1 Equity / net receivables Net debt / assets Net debt / net receivables Q3 2013 Q3 2012 41,872 9,307 5,113 56,293 44,208 34,900 9,046 25.3 % 21.6 % 62.0 % 83.4 % 2012 Q313 - Q312 Change 41.1 % 9.0 % 23.7 % 32.9 % 51.4 % 69.0 % -13.1 %

29,670 33,310 8,543 5,656 4,134 4,085 42,347 43,051 29,196 28,915 20,654 23,259 10,405 11,086 24.6 % 25.7 % 35.1 % 33.3 % 48.8 % 54.0 % 69.6 % 69.8 %

(1) Equity plus Subordinated Debt / Total Assets in accordance with the terms of the Groups bonds

MCB Finance Group Plc

COST & REVENUE INITIATIVES In Q2 and Q3 2013, the Company implemented a series of initiatives designed to reduce overall costs, optimise mix and growth, improve operating margins and positively impact earnings in Q4 2013: Operating costs for the Australian business have been reduced through a series of fixed and variable cost initiatives to reduce near-term losses and achieve earlier break-even for the business during H1 2014. Changes to marketing expenditure and mix, office organisation and other direct costs were made in Q3 2013. The combined impact of these initiatives has resulted in an approximately 70% reduction of underlying operating costs from July 2013 levels, resulting in the Australian business already delivering profitability close to break-even levels; Operating costs for the Established Markets Business were also reviewed and various initiatives implemented to reduce or optimise a number of direct fixed and variable costs; and The selective tightening of Credit settings in Q2 2013 in Latvia, Australia and Finland, adjusting the risk positioning of certain new businesses in combination with new product introductions, along with various changes made to collection partner relationships, have contributed to a 2.9 percentage point reduction from 29.3% to 26.4% in Group Impairment Costs as a percentage of Revenues in Q3 2013 compared to Q2 2013, with additional improvement expected in Q4 2014.

CURRENT TRADING & OUTLOOK The Company continues to experience underlying customer demand growth in its core markets and expects sustained underlying lending volume and revenue growth in its Established Markets Business in future periods. The credit line product and the Sving online financing product have been well received by customers in Finland and Lithuania respectively, and are expect to provide the Group with significant opportunities for growth in existing and new markets. The Group has invested to strengthen various central functions, upgrade its technology platforms, develop a number of new product lines in existing markets, as well as enter additional new markets and businesses - in line with the Companys on-going strategy to expand its range of products and geographical reach. The majority of this investment is now complete and, over time, we expect the Groups new products and markets to contribute significantly to the Groups overall growth and profitability. As the Company continues to grow, management expect to realise significant operating leverage from the new platform, product and market investments. Management also intends to seek opportunities to diversify the Groups sources of funding, thereby reducing the Groups cost of debt. Management expects the Groups Established Markets Business to continue to deliver strong profitability in Q4 2013 with the previously announced program of cost and revenue initiatives having had a positive impact on operating margins in September and October.

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MCB Finance Group Plc

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the 3 months to 30 September 2013 3 months to September 30 2013 Note Revenue Impairment Administrative and Direct operating expenses Operating profit Finance costs - net Financing: foreign exchange losses on borrowings Gain / losses arising on derivatives Profit before income tax Income tax expense PROFIT FOR THE PERIOD Other comprehensive income TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE PARENT Proforma Profit calculation Profit before tax Foreign exchange losses on borrowings Gain / losses arising on derivatives Translation differences Refinancing costs Cost of employee share options Proforma profit before taxation Taxation Proforma profit after taxation (1,303,232) 444,398 26,242 139,293 26,111 (667,188) (188,949) (856,137) 3 months to September 30 2013 Basic earnings per share Diluted earnings per share 6 6 -0.0844 -0.0844 33,151 1,128,252 (622,228) 28,654 17,843 585,672 (208,953) 376,720 3 months to September 30 2012 -0.0100 -0.0100 1,455,974 904,178 (9,436) 65,491 80,450 93,438 2,590,095 (819,202) 1,770,893 Year to 31 December 2012 0.0367 0.0361 5 3 (unaudited) 8,271,525 (2,185,434) 3 months to September 30 2012 (unaudited) 7,033,098 (1,324,570) Year to 31 December 2012 (audited) 27,273,652 (5,162,811)

(5,108,417) 977,674 (1,810,266)

(4,016,475) 1,692,053 (1,152,878)

(15,970,062) 6,140,779 (3,790,063)

(444,398) (26,242) (1,303,232) (188,949) (1,492,181) 74,437

(1,128,252) 622,228 33,151 (208,953) (175,802) 6,285

(904,178) 9,436 1,455,974 (819,202) 636,772 17,611

(1,417,744)

(169,517)

654,383

11

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 September 2013 30 September 2013 (unaudited) 30 September 2012 (unaudited) 31 December 2012 (audited)

Note ASSETS Non-current assets Goodwill Intangible assets Property, plant and equipment Deferred tax asset Trade and other receivables Total non-current assets Current assets Trade and other receivables Derivatives Cash and cash equivalents Total current assets Total assets EQUITY AND LIABILITIES Equity Issued share capital Share premium account Capital redemption reserve Other reserves Retained earnings Total equity Current liabilities Trade and other payables Current income tax liabilities Deferred revenue Short-term borrowings Total current liabilities Non-current liabilities Long-term borrowings Total non-current liabilities

1,109,840 1,939,925 138,003 120,600 5,101,616 8,409,984

1,109,840 993,243 109,923 161,031 2,482,800 4,856,837

1,109,840 1,300,248 99,505 120,600 3,483,736 6,113,929

7 8

37,676,323 898,867 9,307,496 47,882,686 56,292,670

27,607,199 1,339,709 8,542,836 37,489,744 42,346,581

30,363,172 918,344 5,655,941 36,937,457 43,051,386

2,561,330 5,015,903 102,317 911,382 455,163 9,046,095

2,581,284 4,961,509 102,317 612,408 2,147,271 10,404,789

2,558,960 5,006,558 102,317 550,994 2,866,919 11,085,748

10

1,317,886 363,466 1,357,557 0 3,038,909

1,676,680 380,399 688,369 0 2,745,448

1,900,260 306,635 843,459 0 3,050,354

10

44,207,666 44,207,666

29,196,344 29,196,344

28,915,284 28,915,284

Total equity and liabilities

56,292,670

42,346,581

43,051,386

The accompanying notes form an integral part of these interim financial statements.

12

MCB Finance Group Plc

CONSOLIDATED STATEMENT OF CASH FLOWS for the 3 months to 30 September 2013 3 months to September 30 2013 (unaudited) 3 months to September 30 2012 (unaudited) Year to 31 December 2012 (audited)

Note Cash flow (used in) / generated from operating activities Cash (used in) / generated from operations Income tax paid Net cash (used in) / generated from operating activities Cash flow from investing activities Purchase of property, plant and equipment Purchase of intangible assets Gain from disposal of property, plant and equipment Net cash used in investing activities Cash flow from financing activities Issue of share capital Net increase / (decrease) in borrowings Dividend paid to shareholders Share buyback Net cash from /(used in) financing activities Increase/(decrease) in cash and cash equivalents Opening cash and cash equivalents Closing cash and cash equivalents

11

(2,463,108) (188,949) (2,652,057)

(1,820,295) (99,989) (1,920,284)

(9,385,275) (746,167) (10,131,442)

(9,172) (249,386) (258,558)

(23,396) (398,905) (422,301)

(99,910) (1,251,474) (1,351,384)

670,673 670,673

7,834,034 7,834,034

525,222 15,215,284 (772,149) 14,968,357

(2,239,942) 11,547,438 9,307,496

5,491,449 3,051,387 8,542,836

3,485,531 2,170,410 5,655,941

The accompanying notes form an integral part of these interim financial statements.

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MCB Finance Group Plc

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Attributable to the owners of the parent Company
Share capital Balance at 31 December 2012 Comprehensive income Profit for the financial period Other comprehensive income Total comprehensive income Arising on the exercise of employee share options Arising on employee shares option lapsed during the period Amount charged to the employee share option reserve Dividends Total Balance at 31 March 2013 Comprehensive income Profit for the financial period Other comprehensive income Total comprehensive income Arising on the exercise of employee share options Arising on employee shares option lapsed during the period Amount charged to the employee share option reserve Dividends Total Balance at 30 June 2013 Comprehensive income Profit for the financial period Other comprehensive income Total comprehensive income Arising on the exercise of employee share options Arising on employee shares option lapsed during the period Amount charged to the employee share option reserve Dividends Total Balance at 30 September 2013 2,558,960 Share premium Capital Other Retained Total redempti reserves earnings on reserves 102,317 550,994 2,866,919

5,006,558

11,085,748

(64,948) (64,948)

(1,042,468) (1,042,468)

(1,042,468) (64,948) (1,107,416)

2,558,960

5,006,558

102,317

16,599 16,599 502,645

0 1,824,451

16,599 16,599 9,994,931

338,067 338,067

75,118 75,118

75,118 338,067 413,185

2,370 2,370 2,561,330

9,345 9,345 5,015,903

102,317

(47,776) 17,898 (29,878) 810,834

47,776 47,776 1,947,344

11,715 17,898 29,613 10,437,728

74,437 74,437

(1,492,181) (1,492,181)

(1,492,181) 74,437 (1,417,744)

26,111 26,111

455,163

26,111 26,111 9,046,095

2,561,330 5,015,903 102,317 911,382 The accompanying notes form an integral part of these interim financial statements.

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MCB Finance Group Plc

Notes to the Consolidated Financial Statements

1.

STATUTORY ACCOUNTS

The interim results for the three month period ending 30 September 2013 are unaudited. The financial information contained within this report does not constitute statutory accounts as defined by Section 396 of the Companies Act 2006. Statutory accounts for the year to 31 December 2012, upon which the auditors have given an unqualified report and made no statement under Sections 498(2) or (3) of the Companies Act 2006, are available from the Company Secretary at the registered office, and on the Companys website at www.mcbfinance.com. 2. BASIS OF PREPARATION

MCB Finance Group Plc is registered and domiciled in England and Wales. The interim financial statements have been prepared in accordance with International Financial Reporting Standards, as adopted by the European Union. They do not include all of the information required for full annual financial statements, and should be read in conjunction with the consolidated financial statements for the year ended 31 December 2012. The financial information is presented in Euros and has been prepared under the historical cost convention and on a going concern basis.

3.

FINANCE COSTS NET

3 months to September 30 2013 Interest on bonds and bank loans (1,810,266) (1,810,266)

3 months to September 30 2012 (1,152,878) (1,152,878)

Year December 31 2012 (3,790,063) (3,790,063)

Interest on bonds is calculated using the effective interest rate method as required by IAS 39 Financial Instruments'. Issue costs on the bonds are recognised in the Statement of Comprehensive Income over the period of the borrowings using the effective interest rate method. In the 3 months to 30 September 2013, the impact of issue costs on the effective interest rate calculation amounted to 0.2m.

4.

UNREALISED FOREIGN EXCHANGE DIFFERENCES

During Q1 and Q3 2012, the Group issued a total of SEK 260 million 3 year maturity senior assetbacked bonds to investors in the Nordic region. In May 2013, the Group issued an additional equivalent of approximately SEK 90 million in SEK and Euro under its asset-backed bond facility to Nordic and Asian investors.

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MCB Finance Group Plc

In March 2013, the Group issued a total of SEK 45 million 2 year maturity unsecured subordinated bonds to investors in the Nordic region. Fluctuations in the Euro/SEK foreign exchange rate resulted in a 0.4m unrealised foreign exchange loss during Q3 2013. Including offsetting market value changes of currency hedging options, the net impact on Shareholders Equity of foreign exchange movements relating to the Groups SEK bonds during Q3 2013 was -0.5m. The Groups SEK exposure related to its senior bonds has been hedged using EUR/SEK currency options, which limit the Groups exposure to a weighted average 3.9% weakening in the value of the Euro over the three year maturity of the bond. The value of these currency options are recorded in Current Assets as Other Receivables in the Groups Balance Sheet (see note 7). Foreign exchange translation differences in respect of the Companys Australian business are recorded as Other Comprehensive Income.

5.

TAXATION

Interim period income tax is accrued based on estimated average annual effective income tax rates for each entity within the Group. The Company accrued a tax liability for the year, primarily with respect to its Finnish and Lithuanian operations, but also on account of its Latvian operations. No corporation tax arises in Estonia unless a distribution is made.

6. EARNING PER SHARE a) Basic The calculation of basic earnings per share is based on: 3 months to 30 September 2013 Number Weighted average number of Ordinary shares in issue during the period The profit for the period () 17,690,007 -1,492,181 3 months to 30 September 2012 Number 17,660,007 -175,802 Year to 31 December 2012

Number 17,356,045 636,772

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MCB Finance Group Plc

b) Diluted The calculation of diluted earnings per share is based on: 3 months to 30 September 2013 Number Earnings Profit/(loss) attributable to equity holders of the company Weighted average number of ordinary shares in issue Adjustments for dilutive effect of - Employee share options - Share options granted to lender Weighted average number of ordinary shares for diluted earnings per share 3 months to 30 September 2012 Number Year to 31 December 2012

Number

-1,492,181

-175,802

636,772

17,690,007 264,218 -

17,660,007 122,151 -

17,356,045 291,014 -

17,954,225

17,782,158

17,647,059

Adjustment for the dilutive effect of share options is based on an average price of 76.6077p per ordinary share during the three month period to 30 September 2013 (Q3 2012: 66.703p, FY 2012: 65.91p).

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MCB Finance Group Plc

7.

TRADE AND OTHER RECEIVABLES September 30 2013 (unaudited) September 30 2012 (unaudited) 34,953,852 (7,766,648) 27,187,204 419,995 27,607,199 Year to 31 December 2012 (audited) 37,855,954 (8,029,402) 29,826,552 536,620 30,363,172

Current receivables

Customer loan receivables Less: provision for impairment of trade receivables Customer loan receivables - net Other receivables

48,740,514 (11,970,337) 36,770,177 906,146 37,676,323

Non-current receivables

September 30 2013 (unaudited)

September 30 2012 (unaudited) 2,625,860 (143,060) 2,482,800 2,482,800

Year to 31 December 2012 (audited) 3,660,161 (176,425) 3,483,736 3,483,736

Customer loan receivables Less: provision for impairment of trade receivables Customer loan receivables - net Other receivables

5,375,543 (273,928) 5,101,616 5,101,616

Bad Debt Provisions Customer loan receivables are stated net of bad debt provisions. The movement in the bad debt provision during the period is as follows: 3 months to September 30 2013 (unaudited) 10,711,508 2,358,280 (825,523) 12,244,264 3 months to September 30 2012 (unaudited) 7,245,375 1,501,658 (837,325) 7,909,708 Year to 31 December 2012 (audited) 4,961,590 5,998,130 (2,753,894) 8,205,826

At the start of the period Charge for the period Amounts written off during the period At the end of the period

The provisions charged to the Statement of Comprehensive Income during the period Q3 2013 were 2,358,280 (Q3 2012: 1,501,658; FY 2012: 5,998,130). During Q3 2013, there were Impairment Provision Reversals of 172,846 (Q3 2012: 177,087; FY 2012: 835,319).

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MCB Finance Group Plc

8.

DERIVATIVES

Derivatives consist of the market value of currency options in place to hedge the Groups SEK exposure in relation to its outstanding SEK 350 million of senior bonds and SEK 45 million of subordinated bonds. At 30 September 2013, the options had a fair value of 898,867. During the period ending Q3 2013, there was a 26,242 loss recognised in the Consolidated Statement of Comprehensive Income representing unrealised market value adjustments to the fair value of the currency options.

9.

EQUITY & CALLED UP SHARE CAPITAL

September 30 2013 Number of 10p shares September 30 2012 Number of 10p shares December 31 2012 Number of 10p shares

Issued and fully paid Ordinary shares of 10p each 17,690,007 2,561,330 17,660,007 2,581,284 17,670,007 2,558,960

Share Capital relates to the nominal value of shares issued. Share Premium relates to the amounts subscribed for share capital in excess of the nominal value of the shares. The Capital Redemption Reserve arises following share buy-backs undertaken by the Company, which reduces the Companys Share Capital. Other Reserves relate mainly to the equity-settled employee option reserve, arising on the grant of share options to employees under the employee share option plan, and the foreign currency translation reserve. Retained Earnings relate to cumulative profits and losses recognised in the Consolidated Statement of Comprehensive Income. The Group has one class of ordinary share, which carries no right to fixed income. During the three month period to 30 September 2013, no options were issued over the ordinary shares of the company (Q3 2012: 0; FY 2012: 975,760). As of 30 September 2013, the Company had 1,946,600 options outstanding (31 December 2012: 2,233,562), of which 665,000 were exercisable. As of 30 September 2013, the outstanding options had a range of exercise prices from 41p 100p (2012: 41p 100p) and a weighted average remaining contractual life of 2.7 years (2012: 2.7 years). The expense charged to the Consolidated Statement of Comprehensive Income relating to employee share options during Q3 2013 was 26,111 (Q3 2012: 17,843). All options granted since 13th June 2011 (or 1,311,600 options) are exercisable only if a trigger price of 150p is reached, defined as the average closing price of the Companys ordinary shares for a minimum period of 20 business days. The Company had 17,690,007 Ordinary Shares in issue as at 30 September 2013.

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MCB Finance Group Plc

10.

SHORT-TERM AND LONG-TERM BORROWINGS

Long-Term Borrowings

September 30 2013 Bonds 44,207,666

September 30 2012 29,196,344

Year December 31 2012 28,915,284

Bonds are stated in the Balance Sheet net of 1,371,647 costs relating to the bond offerings, including the subordinated notes issued in March 2013 and the senior notes issued in May 2013. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of issue costs) and the redemption value of the bonds is recognised in the Statement of Comprehensive Income over the period of the borrowings (36 months in the case of the Senior Secured Bond and 24 months in the case of the Subordinated Bond) using the Effective Interest Rate Method as required by IAS 39 'Financial instruments'. As of 30 September 2013, the principal balance of the senior and subordinated bonds was 45.6 million.

11. RECONCILIATION OF PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION TO OPERATING CASH FLOWS 3 months to September 30 2013 (unaudited) Operating profit Finance costs - net Financing - foreign exchange losses on borrowings Depreciation Amortisation Employee share options reserve Translation on foreign currencies (Increase)/decrease in derivatives (Increase)/decrease in receivables (Decrease)/Increase in payables Cash flow used in /(generated from) operating activities 977,674 (1,810,266) (470,640) 19,247 145,062 26,111 0 26,242 (1,291,699) (84,839) 3 months to September 30 2012 (unaudited) 1,692,053 (1,152,878) (506,024) 15,107 34,739 17,843 0 (622,228) (1,338,924) 40,016 Year to 31 December 2012 (audited) 6,140,779 (3,790,063) (894,742) 52,999 85,727 93,438 (1,454) (918,344) (11,028,153) 874,538

(2,463,108)

(1,820,295)

(9,385,275)

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MCB Finance Group plc

SHAREHOLDER INFORMATION Corporate website www.mcbfinance.com MCB Finance Group Plc Waverley House 7-12 Noel Street London W1F 8GQ Visiting address: Ltsa 8A Tallinn 11415 Estonia Registrars Capita Registrars The Registry 34 Beckenham Road Beckenham Kent BR3 4TU ADVISERS Nominated Adviser Sanlam Securities UK Limited 10 King William Street London EC4N 7TW

Auditors Mazars LLP Tower Bridge House St Katharines Way London E1W 1DD Legal Pinsent Masons 30 Crown Place London EC2A 4ES Public Relations Allerton Communications The Hop Exchange 24 Southwark Street London SE1 1TY

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