Company Announcements

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

18 February 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Strategic Review Update and Change in Board Appointment

In accordance with the announcement made on 27 January 2020, Amigo launched a strategic review and formal sale process in accordance with the City Code on Takeovers and Mergers.  As part of the formal sale process, parties with a potential interest in making an offer were requested to contact the Company's financial advisers by no later than 5 p.m. on 17 February 2020.

Amigo has received indications of interest from several parties.  Interested parties have entered into non-disclosure agreements with the Company and discussions are ongoing.

There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made. The Board of Amigo reserves the right to alter or terminate the process at any time and in such cases will make an announcement as appropriate. The Board of Amigo also reserves the right to reject any approach or terminate discussions with any interested party at any time. A copy of this announcement is also available at www.amigoplc.com/investors.

Given the ongoing formal sale process and further to the announcement by Amigo on 9 December 2019, Richmond Group Ltd ("RGL") has notified the Company that it does not intend to nominate an additional director to Amigo's Board. As a result, Amigo announces the withdrawal of the planned appointment of Kelly Black, currently Head of Measurement & Improvement at RGL, as a non-independent, non-executive director of Amigo. 

Amigo will announce its third quarter results for the period ending 31 December 2019 on Thursday 27 February 2020.

Contacts:

Company

Amigo Holdings PLC    investors@amigo.me

Kate Patrick                  Head of Investor

Roger Bennett             Company Secretary

Investor Relations

Hawthorn Advisors      amigo@hawthornadvisors.com

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

Lead Financial Adviser and Corporate Broker to Amigo

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

Oliver Hearsey

Marcus Jackson (Corporate Broking)

Alexander Thomas

Paul Lim

Joint Financial Adviser

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

Lawrence Guthrie

Christian Kent

Yashin Mody

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