Iute with strong Appetite from existing investors for EUR 2021/2026 bonds exchange offer – Public Offer for EUR 2021/2026 Bonds continues until 31 March 2023

Iute with strong Appetite from existing investors for EUR 2021/2026 bonds exchange offer

Public Offer for EUR 2021/2026 Bonds continues until 31 March 2023

Tallinn, Estonia, 30 March 2023. IuteCredit Europe (“ICE”), a leading European personal finance group, through its fully owned subsidiary IuteCredit Finance S.á r.l., has recorded strong appetite from existing investors of the EUR 2019/2023 bonds (ISIN: XS2033386603) for the exchange offer into the new bond in the course of the current tap of the EUR 2021/2026 bonds (ISIN: XS2378483494) of up to EUR 50 million. Based on the notices of acceptance received by the end of the exchange period, 29 March 2023, 13.00 CEST, investors have exchanged more than EUR 23.3 million nominally, which corresponds to almost 47% of EUR 50 million of the EUR 2019/2023 bonds outstanding.

The public offering of the new EUR 2021/2026 bonds is available for subscription by investors through their custodian banks until 31 March 2023. The new EUR 2021/2026 bonds will be offered for subscription at an issue price which translates to a yield to maturity for public offering bonds is in the range of 12%. The issuing price of the new EUR 2021/2026 bonds is expected to be conclusively determined and announced on 31 March 2023 on the basis of the subscription offers received.

Tarmo Sild, Head of Iute Group: “Investors have trusted us and continue to invest in Iute with attractive returns. The exchange allows us to extend the term of the capital invested in the Group, bring the total volume of the Iute 2021/2026 bond to over EUR 100 million, and create prerequisites for further growth. However, it is especially gratifying that we are able to implement our financing plans at a time when the entire financial sector is under pressure.”

The securities prospectus approved by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg is available on the Company's website at: https://iutecredit.com/investor/#bonds.

All information on the offering process as well as the documents required for the subscription of the bonds are available on the Company's website under the link https://iutecredit.com/investor/#bonds.

Contact:

Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: investor@iutecredit.com
Phone: +372 622 9177

About IuteCredit Group:

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bosnia and Herzegovina, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.

www.iutecredit.com

IMPORTANT INFORMATION

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.

This announcement does not constitute an offer of securities for sale in the United States. The bonds have not been and will not be registered under the Securities Act or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement does not constitute a prospectus for the purposes of Directive 2003/71/EC, as amended (the “Prospectus Directive”) and does not constitute a public offer of securities in any member state of the European Economic Area (the “EEA”).

This announcement does not constitute an offer of bonds to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the bonds. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “Relevant Persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.