MCB Finance : Notice to Bond Investors Regarding Outcome of Waiver Request

19 December 2014

MCB Finance Group Plc (AIM: MCRB.L) ("MCB" or the "Company") announces that CorpNordic Sweden AB, acting on behalf of MCB Treasury AB (a wholly-owned subsidiary of MCB) and MCB, has confirmed to the Company that the holders of both the asset-backed fixed rate notes and the subordinated fixed rate notes have confirmed their consent to a waiver requested on 27 November 2014 of certain provisions in the terms and conditions of the notes (the "Waiver").

Pursuant to the applicable voting procedures, the Waiver was approved by the noteholders with a majority of votes for the asset-backed fixed rate notes and the subordinated fixed rate notes respectively.

The Waiver involves provisions in the terms and conditions of the notes that relate to a potential change of control and associated de-listing of MCB.

MCB sought the Waiver following a preliminary approach by International Personal Finance Plc ("IPF") relating to a possible cash offer for MCB. IPF today announced a recommended cash acquisition of MCB in accordance with Rule 2.7 of the City Code on Takeovers and Mergers.

Link to the announcement:

IPF 2 7 Announcement 19 December 2014

Further information:

MCB Finance Group Plc:
Paul Aylieff, Chief Financial Officer	[phone]
[e-mail]	[phone]
Agent for the Noteholders:
CorpNordic Sweden AB	[phone]
Jon Östrem
[e-mail]
Nominated Adviser and Broker:
Sanlam Securities UK Limited
Lindsay Mair / Catherine Miles	[phone]
Media enquiries:
Allerton Communications	[phone]
Peter Curtain
[e-mail]

About MCB Finance Group Plc

MCB Finance Group is a consumer finance company providing fast, convenient, easily understood and flexible credit solutions under the Credit24 brand to retail customers in Finland, Estonia, Latvia Lithuania and Australia. In its current markets, the Company is a leading participant in the non-bank consumer credit sector, providing unsecured loans up to €3,000 to qualifying customers, with maturities ranging 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 serving high quality customers with strong credit histories. Loans are currently offered online through the Company's Credit24 branded websites in each market, as well as through certain distribution partners.