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2016-02-02

Bayport Management Ltd: Bayport Management Ltd :OPIC enters into $250 million partnership with Bayport

Bayport Management Ltd ("BML"), a leading emerging market financial services
group, is delighted to announce the closing of a $250 million senior debt
facility with the Overseas Private Investment Corporation (OPIC), the U.S.
government's development finance institution. The long-term loan will support
the group's financial inclusion and growth agenda across its operations.

Under the terms of the agreement, OPIC will provide financing in the form of
long term debt that will enable BML to fund its strategic growth aspirations
in Africa and Latin America, which includes organic expansion in existing
countries and the development of a broader range of financial solutions in
those markets. All of this activity will be underpinned by a custom-built new
technology platform that is being developed in-house.

Bayport delivers on its developmental objectives by making a broad spectrum of
financial services accessible to people generally excluded from traditional
banking and other life enhancing financial products. Its Ghanaian operation,
for example, is innovating through product development initiatives in the
deposit taking, investment and mobile banking arenas. Bayport's "My Money"
product offering in Ghana is a low-cost bank account that enables customers
to save, transact, obtain insurance and gain access to credit. Bayport Micro
provides self-employed traders in Ghana access to savings and long-term
investment accounts, as well as access to credit in the form of individual or
group loans.

Elizabeth Littlefield, president and CEO of OPIC, says that both Africa and
Latin America are key regions for global economic growth.

"Bayport has demonstrated results across the developing world and earned the
first Smart Campaign accreditation in Africa, making it an ideal partner for
OPIC," said Littlefield. "By bringing inclusive finance to wage-earners who
would otherwise lack access to reliable credit, the Bayport model propels
emerging economies forward. With typical loan sizes in Bayport's portfolio
averaging less than $5,000, OPIC's $250 million of support will have an
outsized development impact, reaching tens of thousands of borrowers across
Africa and Latin America."

"We regard the OPIC funding as a way to help more people start businesses,
educate themselves and their children, and invest in their futures," says
Stuart Stone BML co-founder and joint CEO. "To us, the funding signifies an
endorsement of both Bayport's strategy and the U.S.'s commitment to
empowering developing countries to design their own solutions and growth
trajectories."

About OPIC

OPIC is the U.S. Government's development finance institution. It mobilizes
private capital to help address critical development challenges and in doing
so, advances U.S. foreign policy and national security priorities. Because
OPIC works with the U.S. private sector, it helps U.S. businesses gain
footholds in emerging markets, catalyzing revenues, jobs and growth
opportunities both at home and abroad. OPIC achieves its mission by providing
investors with financing, political risk insurance, and support for private
equity investment funds, when commercial funding cannot be obtained
elsewhere. Established as an agency of the U.S. Government in 1971, OPIC
operates on a self-sustaining basis at no net cost to American taxpayers.

All OPIC projects adhere to high environmental and social standards and
respect human rights, including worker's rights. By mandating high standards,
OPIC aims to raise the industry and regional standards of the countries where
it funds projects. OPIC services are available for new and expanding business
enterprises in more than 160 countries worldwide.
Read more at www.opic.gov

About Bayport

The Bayport group of companies provides financial solutions to formally and
informally employed individuals in emerging markets who are at the lower end
of the earnings spectrum and unable to access traditional banking services.

Bayport's mission is to provide financial solutions suited to the needs of an
inclusive and broad customer base by embracing technology, product leadership
and innovation and so becoming the leading developing market financial
solutions provider.

Bayport Management Ltd is the holding company of 10 subsidiaries operating in
9 countries, Botswana, Colombia, Ghana, Mozambique, Mexico, South Africa,
Tanzania, Uganda and Zambia.

Read more at www.bayportfinance.comBML OPIC release
http://hugin.info/149358/R/1983105/726693.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bayport Management Ltd via Globenewswire

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