Amigo Resources Regulatory News (AMGO)

Amigo Holdings PLC

("Amigo" or the "Company")

Board changes

Amigo Holdings PLC (LSE:AMGO), the leading provider of guarantor loans in the UK, is pleased to announce the appointment of Nayan Kisnadwala as Chief Financial Officer. Nayan will succeed Simon Dighton, who has decided to step down from his role as Chief Financial Officer and as an executive director by the end of the financial year after a smooth handover.

§ Nayan has held senior management positions over a 30 year career working within the finance industry, including as Chief Financial Officer of Premium Credit Limited and Chief Financial Officer of Barclaycard

§ Nayan will also be appointed to the Board as soon as possible, subject to FCA approval

§ Simon will continue as an employee of Amigo until 30 June 2019 to facilitate a smooth transition to Nayan

Stephan Wilcke, Chairman of Amigo said: "Simon has made a significant contribution to the work undertaken to complete our Initial Public Offering and the securitisation. The Board would like to thank Simon for his diligence and hard work. He leaves with our gratitude and best wishes."

Simon Dighton said: "I am leaving Amigo with a huge sense of pride and achievement having helped to deliver the successful listing on the London Stock Exchange and further diversified the funding base through Amigo's inaugural securitisation. Amigo remains in safe hands to continue its growth journey and the time is now right for me to move on to new ventures. I have great regard for the business and the people who make it the success it is."

Nayan Kisnadwala said: "The opportunity to join Amigo is one that I am very excited about. I am looking forward to working with the team and helping to deliver the next phase in Amigo's growth."

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014 ("MAR").

This announcement constitutes notice by Amigo Luxembourg S.A. (the "Issuer") to the holders of the Issuer's £400,000,000 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-

Contacts:

Hawthorn Advisors amigo@hawthornadvisors.com

Lorna Cobbett / Victoria Ainsworth Tel: 020 3745 4960

J.P. Morgan Cazenove (Joint Corporate Broker) Tel: 020 7742 4000

Ina De / Kamalini Hull

RBC Capital Markets (Joint Corporate Broker) Tel: 020 7653 4000

Oliver Hearsey / Marcus Jackson

Notes to Editors

Mr. Kisnadwala has over three decades of global experience in financial services in the UK, Ireland, the USA and other international markets in strategic Chief Finance Officer or other senior finance roles. His experience includes consumer lending in world class companies like American Express, MBNA and Barclaycard. Most recently, he was the Group CFO of Premium Credit Limited. Mr. Kisnadwala is a non-executive director of peer to peer secured bridging lender, Kuflink Group plc. Mr. Kisnadwala holds an MBA from New York University. He is also a Chartered Accountant and a Chartered Financial Analyst.

Mr Dighton will remain employed by the Company until 30 June 2019, to facilitate an orderly handover to Mr Kisnadwala. Simon will continue to act as Chief Financial Officer until FCA authorisation has been obtained for Mr. Kisnadwala, which is expected by the end of January 2019.

Simon Dighton will be paid £100,000 in cash under his existing performance bonus scheme in recognition of his work undertaken since IPO to date and for the period from today until the end of May 2019. Simon will cease to be eligible to receive any payment under the maximum £550,000 IPO related bonus scheme. He will participate in a special bonus arrangement reflecting his continuing contribution to ongoing projects which have the potential to enhance the Company's profitability. Under this arrangement, he may be entitled to receive cash payments totalling up to a theoretical maximum of £680,000, depending on the financial performance of the business in the 2019 calendar year. If there is no earnings uplift directly attributed to these projects, there will be no additional performance bonus. None of the above constitutes earnings guidance, which remains unchanged. Amigo will provide further details of actual payments made to Simon under this arrangement, if any, in conjunction with publication of the results for the financial year to 31 March 2019.

Nayan Kisnadwala will be paid a basic salary of £310,000. He will also be entitled to a discretionary bonus equal to up to 100% of base salary.

About Amigo Loans

Amigo Holdings PLC ("Amigo" or the "Company") is listed on the main market of the London Stock Exchange (ticker: AMGO). Amigo is the leading company in the UK guarantor loans market and offers access to mid-cost credit to those who are unable to borrow from traditional lenders due to their credit histories.

The guarantor loan concept introduces a second individual to the lending relationship, typically a family member or friend with a stronger credit profile than the borrower. This individual acts as guarantor, undertaking to make loan payments if the borrower does not.

Amigo was founded in 2005 and has grown to become the UK's largest provider of guarantor loans, with approximately 88% UK product share as of 31 March 2018. In the process, Amigo's guarantor loan product has allowed borrowers to rebuild their credit scores and improve their ability to access credit from mainstream financial service providers in the future.

Amigo operates within the mid cost-credit market providing a simple and transparent product - a guarantor loan at an APR of 49.9%, with no fees, early redemption penalties or any other charges.

Amigo Loans Ltd and Amigo Management Services Ltd are authorised and regulated in the UK by the Financial Conduct Authority (FCA).