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

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

11 June 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Update on Board Changes

Update on departure of Chairman

Further to the announcement on 8 June 2020, it has been agreed that Stephan Wilcke will step down from the Board and his role as Chairman with effect from 18 June 2020, the day following the general meeting of the Company scheduled for 17 June 2020.

Mr Wilcke will continue to assist the Board on a consultancy basis following his ceasing to be a director of the Company. Mr Wilcke will receive no fees under the consultancy arrangements which will be for a period of six months and can be terminated by either party on one week's prior written notice.

Roger Lovering, the Senior Independent Director, will take on the role as acting Chairman until such time as a permanent replacement is appointed.

Update on departure of CEO

Further to the announcement on 9 December 2019 that Hamish Paton had resigned from his role as CEO, Mr Paton will not be putting himself up for re-election at this year's annual general meeting, expected to be held in July 2020, and it has been agreed that he will leave the Company on 31 July 2020.

Amigo is aware of its obligations under the UK Corporate Governance Code to maintain a balance of directors to serve on the Board and its Committees. Amigo continues to look for suitable replacements for each of these roles.

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

Additional Information

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for this announcement is Roger Bennett, Company Secretary.

Remuneration

The information required under s.430 (2B) of Companies Act 2006 will be available on our website in due course.

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