HUMM GROUP LIMITED — Capital/Financing Update 2019

Mar 20, 2019

FlexiGroup Limited Level 7, 179 Elizabeth St, Sydney NSW 2000 Locked Bag 5005, Royal Exchange NSW 1225 Tel.+61-2-8905-2000 Fax. +61-2-8905-2424

==> picture [390 x 50] intentionally omitted <==

21 March 2019

FXL settles Tanarra investment and appoints John Wylie to Board

FlexiGroup Limited (ASX: FXL) (“ flexigroup ”) today settled the placement of 20,113,947 shares to Tanarra Capital Pty Ltd and its affiliated funds (“Tanarra”) as announced on 26 February 2019. Following settlement, Tanarra holds 5.1% of flexigroup ’s total shares on issue.

Tanarra is an alternative asset firm focused on investing in and partnering with high quality organisations to drive long term operational performance. Tanarra’s Long Term Value investment strategy has a particular focus on making long term, strategic investments in listed Australian and New Zealand companies, while working with boards and management as a constructive shareholder.

The flexigroup Board has also appointed Tanarra Chairman and founder John Wylie as a director of the company.

flexigroup Chair, Andrew Abercrombie, said: “Tanarra’s investment is a strong endorsement of flexigroup ’s transformation program under the leadership of Rebecca James. John’s significant corporate experience will complement and strengthen the Board’s mix of skills and experience. We look forward to John’s contribution as we work to deliver long term value for all flexigroup shareholders.”

It is expected the net proceeds of the placement will be used for strategic initiatives and for general corporate purposes.

Investor Relations	Media
Isobel Rogerson +61 2 8905 2191Ross Aucutt +61 2 8905 2179	Roger Newby +61 401 278 906Lauren Thompson +61 438 954 729

ABOUT FLEXIGROUP

flexigroup provides a diverse range of finance solutions to consumers and business through a network of retail and business partners. This includes Buy Now Pay Later products, credit cards and consumer and business leasing. flexigroup has been operating in Australia for over 30 years, has partnerships with over 62,000 retailers and now serves 1.3 million customers across Australia, New Zealand and Ireland.

Performance has been characterised by solid profitable growth as the company has expanded and diversified its business through organic growth, acquisition and product innovation.

For more information visit: flexigroup.com.au