MCB Finance : Unaudited Results for the Period Ended 31 December 2014

28 February 2015

MCB Finance Group ("MCB", the "Group" or the "Company"), which provides consumer finance solutions to retail customers in Finland, Estonia, Latvia, Lithuania and Australia, today announces its unaudited results for the year ended 31 December 2014.

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Operational & Financial Highlights

• Consolidated loan principal issued increased by 1.6% to €96.4m in FY 2014 compared to the prior year period (FY 2013: €94.9m);
• Consolidated revenue grew by 9.6% to €36.3m in FY 2014 compared to the prior year period (FY 2013: €33.2m);
• Consolidated impairment costs were 19.4% of revenue for FY 2014 (FY 2013: 25.2%), reflecting continued strong credit and collection performance;
• Operating profit for the Established Markets Business was €10.3m for FY 2014, an increase of 17.8% on the prior year period (FY 2013: €8.8m);
• Pro forma profit before tax for the Established Markets Business was €3.5m for FY 2014 (FY 2013: €2.6m), after deducting financing costs of €6.9m (FY 2013: €6.2m);
• Operating losses from new businesses were €1.4m (FY 2013: loss of €3.5m);
• Consolidated Group Pro forma profit after tax for FY 2014 was €1.4m (FY 2013: loss of €1.6m); and
• Group net losses for FY 2014 were €0.1m (FY 2013: loss of €1.3m).

Post Balance Sheet Events

• On 6 February 2015, the Company announced that the Scheme of Arrangement through which International Personal Finance plc ("IPF") would acquire all of the issued and to be issued share capital of the Company had become effective and, as such, the Company had become a wholly-owned subsidiary of IPF.
• As a result of the acquisition, the admission and trading on AIM of the Company's shares has been cancelled.

Further information:

MCB Finance Group
Paul Aylieff, Chief Financial Officer [e-mail]	[phone] [phone]
Nominated adviser and broker: Sanlam Securities UK Limited
Lindsay Mair	[phone]
Media enquiries: Allerton Communications
Peter Curtain [e-mail]	[phone]