HUMM GROUP LIMITED — Capital/Financing Update 2011

Jun 27, 2011

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

FLEXIGROUP LIMITED (“FXL”)

Sydney, 28 June 2010

FlexiGroup Limited today announced the successful closing of an AUD133m asset-backed securitisation, supported by a pool of Australian unsecured, retail, no-interest payment plans, originated by Certegy Ezi-Pay Pty Ltd (“Certegy”), a division of FlexiGroup Limited.

This is the first significant securitisation of retail receivables in Australia since the Global Financial Crisis began in mid 2007.

Four classes of notes rated by Moody’s and Fitch have been issued by Perpetual Corporate Trustee Limited in its capacity as trustee of Flexi ABS Trust 2011-1.

The AUD88.8m Class A notes have been rated Aaa(sf)/AAAsf, AUD14m of Class B notes (Aa2(sf)/AAsf), AUD10.3m Class C (A2(sf)/Asf) and AUD5.3m Class D (Baa3(sf)/BBBsf). AUD14.6m of unrated Class E notes have also been retained by FlexiGroup.

Pricing on the Class A notes has been disclosed at 130 bpts over BBSW. Pricing on other notes is undisclosed. All rated notes have been externally placed with 90 per cent of investors in the issue comprising non-bank buyers.

It is FlexiGroup’s intention to apply to have the Class A notes in this program qualify as securities eligible for the Reserve Bank of Australia’s repurchase operations (repos).

John Delano, FlexiGroup Chief Executive Officer said; “This securitisation is an important step in FlexiGroup’s strategy of diversifying its funding sources and reducing its cost of funds and is aimed at supporting the significant growth that FlexiGroup has achieved in its Certegy no-interest ever business”

"This is Flexigroup’s second securitisation following an inaugural issue in August 2010”, says Ilya Serov, Moody's lead analyst for the transaction. "It is quite an innovative structure, backed by interest-free retail loans, an asset class not previously seen in the Australian ABS markets. Although new asset types always present analytical challenges, the high levels of credit enhancement, coupled with the short weighted average life portfolio, support the Aaa ratings assigned to Flexi ABS Trust 2011-1”, he adds.

Spencer Wilson, Associate Director in Fitch's Structured Finance team said "Key features of this transaction are the significant level of excess available to offset potential losses, together with the short weighted average life, the small average contract size and the wide range of products financed bringing a broad range of obligors to the transaction".

"Certegy's large historical database has been utilised to manage risk by identifying higher risk product types and individuals, a valuable tool in its underwriting strategy" added Mr. Wilson.

This transaction was lead managed and arranged by Commonwealth Bank.

For further information:

Investors / Analysts

Media

Ross Horsburgh Group Treasurer T: 02 8905 2057

Alan Jury FD Third Person T: 02 8298 6100

Garry McLennan Chief Financial Officer T: 02 8905 2163

Notes to Editor:

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FlexiGroup is a leading provider of vendor and retail point-of-sale finance and telecommunication services. Offering lease, rental, interest free and mobile broadband plans, performance has been characterised by solid, profitable growth as the company has expanded its business through acquisition, product innovation and diversification.

FlexiGroup operates in Australia, New Zealand and Ireland within a diverse range of commercial and consumer industries including: IT, electrical appliance, telecommunications, home improvement, solar systems, medical, furnishings and travel. FlexiGoup markets its financial and telecommunication products under the following brands; Flexirent, EzyWay, Flexiway, Certegy Ezipay, Flexi Commercial and BLiNK.

Key to FlexiGroup’s success are the long standing relationships developed with a number of successful retailers. FlexiGroup has a distribution network of approximately 11,000 active retailers. Key retailers include Harvey Norman, Noel Leeming, Apple Resellers, Midas, Modern Group, The Good Guys, and Bing Lee together with more recent vendor partnerships with Comscentre and M2.

John DeLano joined FlexiGroup in September 2003 as Managing Director. Prior to joining FlexiGroup, John was Managing Director of Avis Australia, and also served in a senior role as Travel Services International in the USA, a publicly-listed company.

The Board of FlexiGroup is chaired by Margaret Jackson (also a Director of Billabong International Limited), and includes John Skippen, formerly Finance Director of Harvey Norman Holdings Limited, Rajeev Dhawan, a partner of Equity Partners, and Andrew Abercrombie, a founding director and major shareholder in the company.