Slovar Limited — Capital/Financing Update 2021

Jan 13, 2021

money3

ASX RELEASE

14 January 2021

SHARE PURCHASE PLAN CLOSES OVERSUBSCRIBED

Money3 Corporation Limited (ASX: MNY, "Money3" or the "Company") is pleased to advise that the Company's Share Purchase Plan (SPP) announced to the ASX on 7th December 2020, closed on Monday 11th January 2021 oversubscribed.

The Company received applications well in excess of the targeted $5 million.

The SPP offered eligible shareholders in Australia and New Zealand the opportunity to apply for up to $29,970 of new shares at $2.70 each, being the same issue price as the placement to institutional investors on 11th December 2020.

Chairman Stuart Robertson commented, "We are delighted to see oversubscription in Institutional and Retail placements, showing strong support from our shareholders. The funds raised will be used to support ongoing loan book growth in both Australia and New Zealand business as well as support the acquisition of Automotive Financial Services, the groups expansion into near prime automotive finance sector."

As a result of the oversubscription, the Company has elected to accept applications up to $7 million as highlighted at the launch of the SPP and under the terms of the SPP booklet. The Company will conduct a scale-back of applications in accordance with the terms of the SPP offer. Due to the oversubscription, the Chairman and CEO have elected not to take part in the SPP.

The Company will proceed to issue the new shares in accordance with the SPP timetable, being no later than 20 January 2021 and process refunds to shareholders as soon as possible.

Authorised for release by the Chairman and CEO 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