Business Update

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For Immediate Release

11 December 2020

Zaim Credit Systems Plc

("Zaim" or the "Group")

Business update

Zaim Credit Systems plc (the 'Group' or 'Zaim'), the Russian focused fintech group providing financial inclusion for those consumers who are not well served by mainstream lenders, announces an update from its wholly owned subsidiary, Zaim-Express LLC, ('Zaim-Express') in respect of its online business.

Highlights[1]:

· Amounts funded online of £854k during November representing an increase of 62% since September (see Q3 figures) and a remarkable 490% since June (see Q2 figures)

· Amounts funded offline of £303k during November representing a decrease of 17% since September as more resource and growth directed into the online business

· Continued strong cash collection from existing loan portfolio used to fund the online growth whilst maintaining positive operating cash flows

· Early indications are that default rates remain stable, with improvements in the credit scoring system offsetting any usual increase in expected defaults as a result of increasing volumes of new clients and which by itself is a byproduct of rapid growth

· Directors expect positive momentum to continue with 2021 expected to be an exciting year

Siro Cicconi, Zaim's CEO commented:

"I am delighted to report that we are continuing to exceed expectations and November delivered yet another record month for the online business which grew 62% in just two months and an impressive 490% in just 5 months. We expect this positive momentum to continue into 2021 and look forward to updating the market on the trading of the business as part of the year-end update."

Enquiries:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").