MyBucks S.A. Continues its Debt Restructuring

09 October 2020

MyBucks S.A. Continues its Debt Restructuring and prepares for delisting from the Frankfurt Stock Exchange

• Settlement of c. EUR18million of external debt through the sale of operations in Uganda and 25% of its stake in MBC Malawi • Commencement of listing of MBC Malawi • Notice on delay of the release of 31 December 2019 Annual Financial Statements • Directors voted unanimously to delist from the Frankfurt Stock Exchange and issue notice for shareholders to vote at an EGM to effect the delisting • Resignation of Riaan Paul and appointment of Tertius de Kock as Chief Financial Officer

Luxembourg, October 9th, 2020 – Settlement of c. EUR18million of external debt through the sale of operations in Uganda and 25% of its stake in MBC Malawi

Uganda Frankfurt-listed group MyBucks S.A. (“the Company”) today announced that it has agreed on the disposal of the Company’s 49% shareholding in Opportunity Bank Uganda Limited (“OBUL”) as settlement of approximately EUR 9 million of debt to TLG Credit Opportunities Fund. The transaction is subject to the standard approvals including the Bank of Uganda having approved the sale and the Buyer becoming a shareholder in the OBUL. The transaction is expected be consummated by 31 October 2020.

Malawi The disposal of Malawian shares, as announced on 23 June 2020, has not as off yet received the necessary regulatory approvals, therefore the transaction has not yet been completed. Thus, the Company is evaluating a number of options and engaging with various other potential investors to acquire a portion of the equity of MyBucks Banking Corporation Limited (trading as MBC Malawi). The partial disposal will allow the Company to further settle outstanding amounts as well as ensure compliance with regulations prescribed by the Reserve Bank of Malawi.

With this in mind, The Company has agreed on the disposal of 25% of its shareholding in MBC Malawi as settlement of approximately EUR8 million of debt to Infinitum Limited and Solanum GmbH (together “the Consortium”). The transaction is subject to the standard approvals including the Reserve Bank of Malawi having approved the sale of the 25% stake in MBC Malawi and to the Buyer becoming a shareholder in the MBC Malawi. The transaction is expected be consummated by 31 October 2020.

Commencement of listing of MBC Malawi The Company has commenced with a process of listing MBC Malawi on the Malawian Stock Exchange. The listing will allow the Company to further settle outstanding amounts as well as ensure compliance with regulations prescribed by the Reserve Bank of Malawi. The proceeds from the listing of MBC Malawi will be utilized to settle further Company debts as and when completed.

Notice on delay of the release of 31 December 2019 Annual Financial Statements The Company will release the audited consolidated financial statements for the period ended 31 December 2019 as well as the interim consolidated financial results in due course. The delay in the release of the financial results from the various delays the Company and its subsidiaries encountered with the various travel restrictions and country lock-downs resultant from the new Covid19 virus.

Directors voted unanimously to delist from the Frankfurt Stock Exchange and issue notice for shareholders to vote at an EGM to effect the delisting

Shareholders are advised that the Company’s Board of Directors proposes that MyBucks delists from the Frankfurt Stock Exchange. The conclusion of the Debt Restructuring process which has now been substantially completed, places the Company in a position where the regulatory compliance and operational and listing costs as part of being listed on the Frankfurt Stock Exchange and is not justified. The delisting is conditional upon the approval of shareholders by means of an EGM. Notice is hereby given that a General Meeting (“EGM”) of Shareholders will be held entirely via a remote interactive electronic platform, namely Zoom, to consider the resolutions necessary to approve the delisting. A detailed notice will be available on the Company web-site.

Resignation of Riaan Paul and appointment of Tertius de Kock as Chief Financial Officer Riaan Paul has resigned as the Chief Financial Officer as well as from the Board of Directors of the Company. Tertius de Kock will replace Riaan Paul as Chief Financial Officer. Tertius brings significant experience as a previous audit partner which oversaw a number of financial services companies and as Chief Financial Officer of Ecsponent Limited, the majority shareholder.

ENDS

About MyBucks MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers financial services through technology. MyBucks operates four Banks in Africa. The Group offers credit, banking solutions and insurance products to customers. The MyBucks product offering enables customers to manage their financial affairs easily and conveniently. Discover more at www.mybucks.com Contact: Investor related matters: investors@mybucks.com Public relations: pr@mybucks.com Important Notice: This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities of MyBucks S.A. in the United States, Germany or any other jurisdiction. This publication is not intended, either directly or indirectly, for dissemination or distribution to the USA or within the USA (including its territories and possessions, a U.S. federal state and the District of Columbia) and may not be distributed or forwarded to 'U.S. persons' (as defined in Regulation S of the U.S. Securities Act of 1933 in the applicable version ('Securities Act')) or to publications which are widely available in the USA. This publication does not constitute an offer - or a request to issue an offer - to buy or acquire securities in the USA, nor is it part of such an offer or request. The securities are not and will not be registered in accordance with the provisions of the Securities Act and may only be sold or offered for purchase in the USA with prior registration in accordance with the provisions of the Securities Act in the version currently applicable or, in the absence of prior registration, if an exemption is granted. MyBucks S.A. does not intend to make a public share offer in the USA. Subject to certain exceptions under applicable securities laws, the securities referred to in this publication may not be offered or sold in Canada, Australia or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia or Japan. No action has been taken that would permit an offering of securities or their subscription or the distribution of this publication in any jurisdiction where such offering, subscription or distribution is prohibited. Persons who obtain this publication are required to inform themselves about potential restrictions and to observe any such restrictions. This publication contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of MyBucks S.A. and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described herein due to factors affecting MyBucks S.A. such as, among other things, changes in the general economic and competitive environment, capital market risks, currency exchange rate fluctuations and competition from other companies, and changes in international and national laws and regulations, in particular with respect to tax laws and regulations. MyBucks S.A. does not assume any obligation to update any forward-looking statements. The information contained in this publication is for background purposes only and does not purport to be full or complete. No reliance may be placed, for any purpose, on the information contained in this publication or its accuracy or completeness. The information in this publication is subject to change. Neither the bank nor any of their directors, officers, employees, advisers or agents accept any responsibility or liability whatsoever for or make any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this publication (or whether any information has been omitted from the publication) or, with limited exception, other information relating to MyBucks S.A., its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and independent from how it was transmitted or made available, or for any loss in any way arising from any use of this publication or its contents or otherwise arising in connection therewith.