FLEETPARTNERS GROUP LIMITED — Capital/Financing Update 2020

May 21, 2020

Leve l 6, 601 Pac i f i c H i ghway Sydney NSW 2065

W www.ec lip x.com

Eclipx Group Limited ABN 85 131 557 901

22 May 2020

ASX Release

Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

ECLIPX GROUP BUSINESS UPDATE

Eclipx Group Limited (ASX: ECX, “Group”) provides an update on its lease extension activity, its end of lease car sales and its liquidity in advance of the UBS Emerging Companies Conference today.

Lease extension activity

• The Group has proactively sought to extend leases which are due to expire between April and September 2020

• Lease extensions as a percentage of total leases expiring during this period has increased from 13% to 18% over the last two weeks

End of lease car sales

• The volume of “end of lease” car sales has shown momentum in recent weeks

• Unit sale profitability is broadly consistent with the “end of lease” profit margins achieved in 1H20

• • Total unit sales in the month of April were 296 and May month-to-date were 441

Weekly unit sales (week commencing)

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----- Start of picture text ----- 24223217011777 7954 551H20 weekly 4-Apr 11-Apr 18-Apr 25-Apr 2-May 9-May 16-Mayavg# Units sold----- End of picture text -----

Liquidity update

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• Available liquidity as at 30 April 2020 was $114m, compared to $106m at 31 March 2020[1] .

ENDS

Authorised by:	Investor enquiries:
Matthew Sinnamon ICompany Secretary	Damien Berrell IChief Financial Officer
**E: **matt.sinnamon@eclipx.com	**E: **damien.berrell@eclipx.com
T: +61 2 8973 7178	T: 0457357041
	Media enquiries:
	John Frey IGRACosway
	**E: **jfrey@gracosway.com.au
	T: 0411361361

1 Includes cash and cash equivalents of $89m and $25m of revolver capacity as at 30 April 2020. This compares to $81m in cash and cash equivalents and $25m of revolver capacity as at 31 March 2020.

2