Amigo Resources Regulatory News (AMGO)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

05 February 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Board Change

Further to the announcement made on 9 December 2019, Clare Salmon has notified the Company that she considers now to be an appropriate time for her to step down from the Board as Amigo enters into a new phase in its development.

Clare will leave the Board, her position as Chair of the Remuneration Committee and her position on the Audit Committee with effect from 5 February 2020.

Amigo is aware of its obligations under the UK Corporate Governance Code, in particular in relation to the composition of its Board and Committees and is working to identify and appoint a suitable replacement independent non-executive director in the context of the strategic review and formal sale process which the Company announced on 27 January 2020.

Amigo today also announces that it has appointed Houlihan Lokey as its joint financial adviser for the purposes of its strategic review and formal sale process.

Contacts:

Company

Amigo Holdings PLC investors@amigo.me

Kate Patrick Head of Investor Relations

Roger Bennett Company Secretary

Investor Relations

Hawthorn Advisors amigo@hawthornadvisors.com

Lorna Cobbett Tel: +44 (0)20 3745 4960

Corporate Broker and Lead Financial Adviser

RBC Capital Markets Tel: +44 (0)20 7653 4000

Oliver Hearsey

Marcus Jackson (Corporate Broking)

Joint Financial Adviser

Houlihan Lokey Tel: +44 (0)20 7907 4245

Lawrence Guthrie

Christian Kent

Yashin Mody

Remuneration

Clare Salmon is a voluntary leaver and will not receive any payments for loss of office. Clare Salmon's remuneration until the effective date of her departure is within the parameters of our current shareholder approved Remuneration Policy. The information required under the Companies Act 2006 s.430 (2B) is available on our website.

Senior Secured Notes

This announcement constitutes notice by Amigo Luxembourg S.A. (the "Issuer") to the holders of the Issuer's 7.625% Senior Secured Notes due 2024 (for the notes issued pursuant to Rule 144A of the United States Securities Act of 1933, ISIN: XS1533928468 and Common Code: 153392846; for the notes issued pursuant to Regulation S of the United States Securities Act of 1933, ISIN: XS1533928625 and Common Code: 153392862) (the "Notes") issued pursuant to pursuant to Section 4.03(a)(3) of an indenture dated January 20, 2017 among, inter alia, the Issuer, the guarantors named therein and U.S. Bank Trustees Limited, as trustee and security agent. Amigo Holdings PLC is the indirect parent company of the Issuer. This announcement shall constitute a "Report" to holders of the Notes.

ENDS