FLEETPARTNERS GROUP LIMITED — Capital/Financing Update 2017

Nov 7, 2017

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Level 32, 1 O’Connell Street Sydney NSW 2000

W www.eclipx.com

Eclipx Group Limited | ABN: 85 131 557 901

ASX ANNOUNCEMENT 8 November 2017

ECLIPX GROUP SUCCESSFULLY PRICES FOURTH AUSTRALIAN ASSETS SECURITISATION

Eclipx Group Limited (ASX: ECX) announced that its fourth Asset Backed Securities (ABS) issue, the Eclipx Turbo Series 2017-1 Trust, was priced on Monday, 6 November 2017. The transaction issued a total of A$351.5 million of bonds supported by motor vehicle operating, finance and novated lease receivables, in addition to equipment lease receivables originated by the Group. The transaction included lease receivables from each of Eclipx’s fleet businesses - FleetPartners, FleetPlus, FleetChoice; and commercial equipment lease receivables from Eclipx Commercial.

The Australia and New Zealand Banking Group Limited (ANZ) was Arranger for the Eclipx Turbo Series 2017-1 Trust transaction, and ANZ, Westpac Banking Corporation, and National Australia Bank are the Joint Lead Managers.

“We are very pleased with the results of the bond issue which continues to reduce Eclipx’s cost of funds on A$351.5m of lease receivables,” said Garry McLennan, Eclipx Deputy Chief Executive Officer and Chief Financial Officer. “The issue also allowed the Group to continue to diversify its ABS funding to include our fleet and commercial equipment receivables.”

“Past transactions have securitised FleetPartners’ fleet lease receivables. This transaction provides an additional benefit by allowing Eclipx to add motor vehicle lease receivables from each of our fleet businesses; FleetPartners, FleetPlus and FleetChoice and equipment lease receivables from Eclipx Commercial Equipment, allowing us to diversify our funding to new investors.”

Eclipx Turbo Series 2017-1 Trust bonds were materially oversubscribed and allocated to a total of 20 investors.

“This reflects the credit quality of Eclipx’ customer base and risk management capabilities,” Mr McLennan added. “Eclipx has the most diversified funding capability of its peers in the market, allowing Eclipx to provide the most competitive financing solutions to its customers.”

The transaction comprises A$351.5 million of notes, rated by Moody’s Investors Service (“ Moody’s ”) and Fitch Australia Pty Limited (“ Fitch ”). The transaction attracted strong interest from investors across all offered tranches, which led to the transaction being materially oversubscribed. Details of the bonds are:

1. A$60 million Class A1 notes, rated P-1(sf) by Moody’s and F1+sf by Fitch with a weighted average life of about 0.24 years, priced at a margin of 0.65% over one month BBSW

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1. A$207.13 million Class A2 notes, rated Aaa(sf) by Moody’s and AAAsf by Fitch with a weighted average life of about 1.58 years, priced at a margin of 0.95% over one month BBSW

2. A$14.42 million Class B notes, rated Aa2(sf) by Moody’s and AAsf by Fitch with a weighted average life of about 2.06 years, priced at a margin of 1.70% over one month BBSW

3. Class C (A2(sf)/ NR), Class D (Baa1(sf)/ NR), Class E (Ba1(sf)/ NR), and Class F (B1(sf)/ NR) notes which were also sold to external investors

4. Class G Notes (NR/NR) and Seller Notes (NR/NR), retained by Eclipx

The issue includes motor vehicle operating, finance and novated lease receivables, in addition to equipment lease receivables originated by Eclipx’s businesses. The transaction will settle on Wednesday, 15 November 2017.

ABOUT ECLIPX

Eclipx Group Limited (ECX) is a leading provider of fleet, equipment leasing and management, vehicle rentals and on-line auction services to corporate, SME and consumers in Australia and corporate and SME customers in New Zealand.

As at 30 September 2017 Eclipx managed or financed 108,050 vehicles with A$2.2 billion in assets under Management. Eclipx operates in Australia and New Zealand under six primary brand names, "FleetPartners", "FleetPlus", "CarLoans.com.au", "FleetChoice", “AutoSelect”, “Right2Drive” and “GraysOnline”.

ENDS

Enquiries - Eclipx Group: Deputy CEO & Chief Financial Officer Garry McLennan +61 (0) 412 195 999

Media enquiries -

Domestique: Alan Jury +61 (0) 418 833 149

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