Mogo Finance and its group companies (the "Group"), specialized in used car financing, expects a delay in the publication of the annual financial report for 2020 until mid of May 2021 instead of as planned at the end of April 2021.

The circumstances for the delay are due to additional technical and organizational efforts in the preparation of the annual financial statements, which result from the first-time ESEF mandatory implementation in Germany and first year adoption difficulties, both for Mogo Finance S.A. to implement and for the auditors to review. Mogo Finance S.A. is confident that the annual financial report for 2020 will be available at the latest mid May 2021.

Contact:
Mogo Finance (CFO), Email: maris.kreics@mogofinance.com
Maris Kreics +371 66 900 900

About Mogo Finance:
Mogo Finance Group, keeping car lending business as predominant, also utilizes consumer lending in selective markets as a strategic capital allocation vehicle to leverage its performance and customer base. Recognizing the niche underserved by traditional lenders, Mogo Finance provides financial inclusion and disruptively changes the used car and consumer financing industry across 14 countries. Up to date the Company has issued over EUR 650 million secured loans and is running a net loan and used car rent portfolio of over EUR 202 million. Mogo offers secured loans up to EUR 15,000 with a maximum tenor of 84 months making used car financing process convenient, both for its customers and partners. Wide geographical presence and diversified revenue streams grant Mogo with unique scale and pace unmatched by its rivals. Mogo Finance operates a multi-channel fintech approach through its own branch network, more than 2,000 partner locations and a strong online presence. Physical footprint enriched with excellent customer journey makes Mogo Finance top of mind brand in its industry. A state-of-the-art car portal supports cross-selling potential from re-possessed cars to leasing and vice versa. Established in 2012, with headquarters in Riga, Latvia, Mogo Finance operates in Baltics and Europe with a strong focus on GDP-dynamic countries in Central, Eastern and South-Eastern Europe. Operating regions also include Caucasus and Central Asia as well as Eastern Africa.
www.mogofinance.com

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