Slovar Limited — Capital/Financing Update 2021

Feb 1, 2021

money3

ASX RELEASE

2 February 2021

MONEY3 GROWS CUSTOMER BASE THROUGH GMFA ACQUISITION

Money3 Corporation Limited (ASX: MNY, "Money3" or the "Group") is pleased to advise it has completed the acquisition of GMF Australia Pty Ltd (GMFA), a subsidiary of General Motors Financial Company Inc, as announced in January 2021.

Highlights:

• Acquisition increases the Group’s automotive loan book by approximately $23 million
• Adds approximately 700 automotive loans for new vehicles to the Group’s loan book
• Complements the Group’s expansion into near prime automotive lending
• $17m acquisition funded from existing cash

GMFA’s customer base consists of customers who purchased a new vehicle through a Holden dealership in 2018 and 2019 in Australia and have a strong credit profile.

GMFA will be integrated into Money3’s market leading Customer Care team, with minimal increase in ongoing operational expenses.

Money3 Managing Director Scott Baldwin said: “Our acquisition of GMF Australia was a perfect opportunity for us to expand our growing base of customers with prime credit quality and follows the completion of our acquisition of Automotive Financial Services (AFS) last month.

“Having experienced a strong first half year, with a loan book now exceeding $500m, we are well placed to maintain our growth for 2H FY21 and we will continue to pursue growth opportunities alongside driving strong organic growth.”

Authorised for release by the Board of Money3 Corporation Ltd.

For further information please contact:

Managing Director
Mr Scott Baldwin
+61 3 9093 8255
s.baldwin@money3.com.au

Chief Financial Officer
Mr Siva Subramani
+61 3 9093 8246
s.subramani@money3.com.au

Investor Relations
Mr Simon Hinsley
+61 401 809 653
simon@nwrcommunications.com.au

ABOUT MONEY3 CORPORATION LIMITED (ASX: MNY)

Money3 is a specialist provider of consumer finance for the purchase or maintenance of a vehicle. Our business model and unique approach to customer care attracts creditworthy customers that are underserviced by traditional lenders. Money3 has a fast growing and high-quality loan book with more than 50,000 active accounts.

Money3 Corporation Limited
ABN 63 117 296 143 | ACL 389 782
40 Graduate Road, Bundoora, Vic. 3083
t 61 3 9093 8255 | f 61 3 9093 8227
e info@money3.com.au
money3.com.au | investors.money3.com.au
Go Car New Zealand
t 64 9 979 7666
GoCar.co.nz