Finbond Group Limited (JSE:FGL) News - Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2021 FINBOND GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2001/015761/06) Share code: “FGL” ISIN: ZAE000138095 (“Finbond” or “the Company” or “the Group") UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2021 HIGHLIGHTS • Global lockdowns and government responses caused by the COVID-19 pandemic have – and continue to have – a significant adverse impact on the global economy, as well as the Group’s results. Although the recovery continues, the further relaxation of lockdown restrictions enabling increased business activity is essential to facilitate further economic recovery. • EBITDA increased (recovered) by 65% to R192.7 million (August 2020: R116.8 million). • Headline earnings per share increased (recovered) by 61% to a loss of 6.0 cents (August 2020: loss of 15.4 cents). • The value of loans advanced increased by 4% to R2.00 billion (August 2020: R1.93 billion). • Net unsecured loans and advances balances decreased by 15% to R558.0 million (August 2020: R656.9 million). • Cash, cash equivalents & liquid assets decreased by 16% to R1.38 billion (August 2020: R1.64 billion). • Investments in equity-accounted associates increased by >100% to R421.0 million (August 2020: R0) with the acquisition of C1 Holdings LLC (“C1”). • Total assets decreased by 8% to R4.38 billion (August 2020: R4.77 billion). • Following several cost savings initiatives and restructurings, operating expenses decreased by 19% to R640.0 million (August 2020: R785.7 million). ACQUISITION OF UP TO 35% OF FINANCIERA CONTIGO – FURTHER AMENDMENT OF AGREEMENT As announced on SENS on 23 July 2021, Finbond and Cege Capital S.A.P.I. de C.V. SOFOM E.N.R (“Contigo”) have agreed to amend the salient terms of the agreement to extend the anticipated effective date of the transaction to 1 November 2021 and the date of the fulfillment of the conditions precedent to 31 October 2021 and the option to acquire a further 10% of Contigo’s shares to 31 December 2021. Shareholders are advised that Finbond and Contigo have agreed to further amend the salient terms of the agreement to extend the anticipated effective date of the transaction to 1 January 2022 and the date of the fulfillment of the conditions precedent to 31 December 2021 and the option to acquire a further 10% of Contigo’s shares to 22 February 2022. SHORT FORM ANNOUNCEMENT The contents of the short form announcement are the responsibility of the Board of Directors of Finbond. The information in the short form announcement is a summary of the full announcement available on the Company's website (www.finbond.com) on 29 October 2021 and accordingly does not contain full or complete details. The full announcement can also be accessed online at https://senspdf.jse.co.za/documents/2021/JSE/ISSE/FGL/Interims21.pdf. The information in this announcement has been extracted from the Unaudited Condensed Consolidated Interim Financial Results, which has not been reviewed nor audited by the Company's auditor. The Unaudited Condensed Consolidated Interim Financial Results were internally compiled by Mr. GW Labuschagne, the Group Financial Director. Any investment decisions by shareholders/investors should be based on the full announcement as released by the JSE and published on the Company's website, www.finbond.com. The full announcement is also available at the Company's registered office (for inspection, at no charge, during office hours on any business day) and at the offices of the sponsor, Grindrod Bank Limited, from 29 October 2021. Copies of the full announcement may be requested by contacting the Company Secretary, Mr. B Bredenkamp. Six Months Six Months ended ended Full year 28 February 31 August 2021 31 August 2020 2021 Revenue (R'000) 804 738 934 650 1 895 478 Basic earnings per share (cents) (6.3) (16.0) (34.1) Diluted earnings per share (cents) (6.3) (16.0) (34.1) Headline earnings per share (cents) (6.0) (15.4) (23.9) Diluted Headline earnings per share (cents) (6.0) (15.4) (23.9) Dividend per share (cents) - - - Net asset value per share (cents) 132.0 192.6 143.7 For and on behalf of the Board Dr Malesela Motlatla Dr Willem van Aardt 29 October 2021 Directors: Chairman: Dr MDC Motlatla* (BA, DCom (Unisa)); Chief Executive Officer: Dr W van Aardt (BProc (Cum Laude), LLM (UP), LLD (PU CHE) Admitted Attorney of The High Court of South Africa, QLTT (England and Wales), Solicitor of the Supreme Court of England and Wales); Chief Financial Officer: GW Labuschagne (CPA (CA), BCom (Hons Acc), BCom (Fin Acc) (Cum Laude)); Adv N Melville* (B Law. LLB (KZN) LLM (Cum Laude)(KZN), SEP (Harvard); HJ Wilken-Jonker* (BCom Hons (Unisa); MSc (Consumer Sciences) (UP)); HG Kotze* (BCom (Acc)(Hons), HDip Tax, Certificate in Treasury Management); PA Naude* (BCom (Marketing), Gaining Competitive Advantage (Michigan), IEP (INSEAD)); DC Pentz* (B Com (Hons), (Chartered Accountant (SA), AEP (Unisa)), TC Moodley* (BCom (Finance)) Secretary: B Bredenkamp (BCom Accounting, LLB, MBA (Edinburgh)) Transfer secretaries: JSE Investor Services South Africa (Proprietary) Limited (Registration number 2000/007239/07), 13th floor, Rennie House, 19 Ameshoff Street, Braamfontein 2001, (PO Box 4844, Johannesburg, 2000) Sponsor: Grindrod Bank Limited *Non-executive Date: 29-10-2021 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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