Slovar Limited — Capital/Financing Update 2014

May 15, 2014

money3

MONEY3 Corporation Limited First Floor, 40 Graduate Road Bundoora Vic 3083 – Tel: (03) 9093 8255

16th May 2014

ASX Limited
Exchange Centre
20 Bridge Road
Sydney NSW 2000

Money3 Completes $30.0 million Unlisted Bond Issue

Further to the announcement on 16 April 2014, the Directors of Money3 Corporation Limited (“Money3” or the “Company”) are pleased to announce the successful completion of a $30.0 million unlisted bond issue. The bond issue has been anchored by Thorney Opportunities Ltd and Thorney Investment Group Australia Pty Ltd, with a commitment of $15.0 million.

Money 3 intends to use the funds to improve its financial flexibility, for general working capital purposes and the expansion of its core Australian consumer lending business.

Rob Bryant, Chief Executive Officer, said "Completion of the bond issue places the Company in a strong financial position and provides a diversity of funding sources to support its growth aspirations. As previously announced, the Company continues to work closely with a major bank to finalise the terms of a senior debt receivables facility. Money3 is also pleased to welcome the support of Thorney Opportunities Ltd and Thorney Investment Group Australia Pty Ltd as anchor participants in the bond issue which, in addition to the recently lodged substantial shareholder notice, confirms the support for the Company and its growth strategies."

The bond issue will be completed in two tranches, each in the amount of $15.0 million. Tranche 1 will be completed on 15th May 2014. Tranche 2 (being the bonds to be subscribed by Thorney Opportunities Ltd and Thorney Investment Group Australia Pty Ltd) is to complete conditional upon a meeting of the Company's shareholders approving the granting of the options. The bonds will have a face value of $100.00, will pay a coupon of 9.00% per annum, payable quarterly in arrears and have a maturity date of 15th May 2018.

The options will be issued to the initial investors under the bond issue in the ratio of one option for every $2.00 of bonds subscribed for by those investors. The options will have a four year term and an exercise price of $1.30.

The Company is completing a notice of meeting to convene a meeting of shareholders to approve the grant of options to all bondholders. The Directors recommend that shareholders vote in favour of all resolutions at the forthcoming shareholders meeting. The Directors and their associates intend to vote in favour of all resolutions at the shareholders meeting. It is anticipated that the shareholders meeting will be held towards the end of June 2014.

MONEY3 Corporation Limited
ABN: 63 117 296 143
Registered Office: Level 1, 48 High St. Northcote, Vic 3070

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money3

MONEY3 Corporation Limited First Floor, 40 Graduate Road Bundoora Vic 3083 – Tel: (03) 9093 8255

The Company has agreed to seek a second-ranking security position for bond holders and is working with the bond holder's trustee, to complete a general security deed and other documentation for the benefit of bond holders.

The bond issue was managed by Wilson HTM Corporate Finance Ltd.

Thorney Opportunities Ltd is listed on the Australian Stock Exchange (TK: TOP). Thorney Investment Group Australia Pty Ltd is part of the private Thorney Group of Companies and is an associate of Thorney Opportunities Ltd in relation to the investment in Money3.

Should you have any queries or require clarification please call me on 03 9093 8245.

Craig Harris
CFO & Company Secretary
Money3 Corporation Limited

MONEY3 Corporation Limited
ABN: 63 117 296 143
Registered Office: Level 1, 48 High St. Northcote, Vic 3070