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AUSTRALIAN FINANCE GROUP LTD M&A Activity 2021

Dec 21, 2021

64324_rns_2021-12-21_26adc4b8-3af6-4f94-b269-c2f0a3489893.pdf

M&A Activity

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Market Release

22 December 2021

AUSTRALIAN FINANCE GROUP COMPLETES ACQUISITION OF ASSET FINANCE AGGREGATOR FINTELLIGENCE

As announced on 30 November 2021, Australian Finance Group Ltd (ASX:AFG) has completed the acquisition of a 75 per cent stake in leading asset finance aggregator, National Finance Alliance Pty Ltd, trading as Fintelligence.

The combined group has more than 3,335 brokers and delivers combined asset finance settlements of more than $1.7 billion per annum, based on combined, proforma results.

AFG has an exclusive option to acquire the remaining 25% interest in Fintelligence over the next three and a half years with value linked to Fintelligence achieving agreed milestones.

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Authorised for disclosure by:

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Lisa Bevan