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2016-01-26

Ferratum Oyj : Ferratum plans to acquire FCB Firmen-Credit Bank GmbH

Ferratum Oyj / Ferratum Oyj : Ferratum plans to acquire FCB Firmen-Credit Bank
GmbH. Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer
is solely responsible for the content of this announcement.
Helsinki/Berlin, January 26, 2016 - Ferratum Oyj (ISIN: FI4000106299, WKN:
A1W9NS) a pioneer in the field of financial technology and international
provider of mobile consumer loans and small corporate loans, plans to acquire
FCB Firmen-Credit Bank GmbH (FCB). The final transaction will take place
after obtaining the approval of the European Central Bank (ECB). The ECB's
approval is the only suspensive condition to the planned acquisition, and
Ferratum Oyj's management expects this condition to be fulfilled during the
second quarter of 2016. Following this acquisition, the Ferratum Group will
own yet another EU credit institution besides Ferratum Bank p.l.c., which is
based in Malta. FCB's initial line of business will be the offering of small
unsecured loans over the Internet to business customers in Germany, following
which the service will also be extended to customers in other European
jurisdictions.

FCB, with its seat in Frankfurt am Main (Germany), is part of Avenue Capital
Group (ACG) and has a German banking licence for deposit and credit business.
After the acquisition Ferratum will shift the focus of FCB to the Groups's
devision "Ferratum Business". As a result, FCB should become the central unit
within the Ferratum Group for distributing small business loans. The maximum
loan amount of this business line is currently EUR 50,000, with a maximum
duration of 12 months. "Ferratum Business" was launched in 2015, and is
currently active in three countries: Sweden, Finland and Lithuania. In the
future FCB's activity within and from Germany should form the center of this
division within the Ferratum Group. Ferratum Bank p.l.c. will continue to
focus on its current lending business with private individual customers.

Dr. Clemens Krause, CFO of Ferratum Group, describes the significant
importance of the planned acquisition: "The lean structure of FCB and the
attractive purchase price will initially only have a small effect on the
Group's revenues and earnings in 2016; already in 2017 we then expect a
significantly positive profit contribution. Its location in Frankfurt and the
German banking licence give the Group a sound regulatory framework in order
to develop FCB in the mid-term as successful as Ferratum Bank p.l.c., with
its current presence in nine European countries. Therefore, we consider the
acquisition of FCB as an important strategic step in order to accelerate the
successful development of Ferratum Group."

Jorma Jokela, CEO and founder of Ferratum Group, comments on the strategic
importance of FCB's German headquarters: "The decision of Ferratum Group to
choose a German credit institution as a legal entity in order to establish
the hub of its new international lending activities 'Ferratum Business'
accommodates the fact that Germany is the most important market within the
European Union in terms of population and economic strength. The strength of
the German SME market as an established and well-regulated financial
industry, as well as Frankfurt as the seat of FCB are contributory factors in
this decision."

About Ferratum Group:

The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans for private persons. Ferratum's customers
can utilize digital media to apply for consumer credit in amounts varying
between EUR 25 and EUR 3,000. Moreover, Ferratum offers successful small
businesses installment loans with a term of six to twelve months. Managed by
its founder Jorma Jokela, Ferratum has expanded rapidly since it was founded
in 2005: Ferratum has 1.2 million active and former customers who have been
granted one or more loans in the past and 3.5 million total user accounts in
its database (as of 30 September 2015). Ferratum is represented in 23
markets. At the end of September 2015 Ferratum Group employed 501 persons
compared with 383 persons at year-end 2014.

Contacts:

Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M:clemens.krause@ferratum.com

Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M:paul.wasastjerna@ferratum.com

cometis AG
Henryk Deter I Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: kuhn@cometis.de

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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: Ferratum Oyj via Globenewswire

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