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Ferratum Group: expansion of international presence through market entry into Norway

Ferratum Oyj / Ferratum Group: expansion of international presence through
market entry intoNorway . Processed and transmitted by NASDAQ OMX Corporate
Solutions.The issuer is solely responsible for the content of this
Helsinki / Berlin, April 10, 2015 - Ferratum Oyj (ISIN: FI4000106299, WKN:
A1W9NS; together with its consolidated subsidiaries hereinafter "Ferratum
Group" or "Ferratum"), an international provider of mobile consumer loans
headquartered in Helsinki, has today launched its operations in Norway. With
its entry into the Norwegian market Ferratum now operates in 21 countries all
over the world and is consistently expanding its geographic reach. Back in
January 2015, Ferratum commenced its operations in Canada.

Ferratum is using the EU banking licence of Ferratum Bank Ltd for its business
in Norway. This licence enables the Ferratum Group to carry out regulated
transactions in all EU member states which, similar to Norway, require a
banking licence for this. The Ferratum Group will initially be offering
conventional microloans to private individuals. Credit Limit and PLUS Loan,
two products established in the financial year 2014, are to be introduced
into the Norwegian market over the period.

Jorma Jokela, founder and CEO of the Ferratum Group, stated: "The
diversification of our geographical presence is a key component of our growth
strategy to benefit from economies of scale, among other things. We are
delighted that our market entry into Norway marks another milestone in the
Ferratum Group's development. We see attractive market potential in Norway,
also owing to the high barriers to market entry which requires a banking
licence for commercial lending. We have also set our sights on the next
target countries."

Ferratum is currently preparing the ground for commencing operations in Italy,
France and Turkey. Its growth strategy includes the medium-term goal of
expanding the Group's business activities to encompass 30 countries.

About Ferratum Group:

The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans. Ferratum's customers can utilize digital
media to apply for consumer credit in amounts varying between EUR 25 and EUR
2,000. Managed by its founder Jorma Jokela, Ferratum has expanded rapidly
since it was founded in 2005: Ferratum has 1.0 million active and former
customers who have been granted one or more loans in the past and 2.8 million
total user accounts in its database (as of 31 December 2014). Ferratum is
represented in 21 markets (including Norway) and employs 383 people as of 31
December 2014.


Ferratum Group

Dr. Clemens Krause, CFO

T: +49 30 88715308

F: +49 30 88715309


Ferratum Group

Paul Wasastjerna

Head of Investor Relations

T: +358 40 7248247

F: +358 20 741 1614


cometis AG

Henryk Deter | Mariana Kuhn

T: +49 611 20 58 55-61

F: +49 611 20 58 55-66



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: Ferratum Oyj via Globenewswire


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