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2018-06-04

Lendify Sweden 1 AB: Lendify Sweden 1 AB (publ) publishes information on its loan portfolio and announces repurchase of bonds

Lendify Sweden 1 AB (publ) publishes the below information on its
existing loan portfolio, describing more in detail the structure of
the portfolios acquired.

Lendify Sweden 1 AB (publ) has acquired the maximum amount of three
loan portfolios from its parent company Lendify AB. Lendify Sweden 1
AB (publ) reports according to the IFRS9 standard, which outlines a
`three-stage' model for impairment based on changes in credit quality
since initial recognition. In addition, this `three-stage' model
implies that expected credit losses are recognised in the P&L even
for performing loans and that a reserve (loss allowance that serves
as a proxy for the initial expected credit losses) is established.
This reserve for performing loans impacts negatively the current
reserve level, however indications regarding the lifetime net credit
losses continue to lean toward the pre-set target of around 1.5%.

+-------------+-----------------------------------------+------------------+
|Acquired loan |
|portfolios |
|(number 1, 2 |
|and 3). Data as |
|of 20180531 |
+-------------+-----------------------------------------+------------------+
|Total |234,673,548 | |
|outstanding | | |
|amount (SEK) | | |
+-------------+-----------------------------------------+------------------+
|Weighted |9,18% |
|average | |
|interest rate| |
+-------------+-----------------------------------------+------------------+
|Weighted |98 |
|average term | |
|(months) | |
+-------------+-----------------------------------------+------------------+
|Weighted |2,53% |
|Average UC | |
|score* | |
+-------------+-----------------------------------------+------------------+
|Risk |
|distribution: |
+-------------+-----------------------------------------+------------------+
|Risk class |Percentage of outstanding nominal amounts|Weighted UC score*|
+-------------+-----------------------------------------+------------------+
|A |10,51% |0,16% |
+-------------+-----------------------------------------+------------------+
|B |13,87% |0,45% |
+-------------+-----------------------------------------+------------------+
|C |20,02% |0,90% |
+-------------+-----------------------------------------+------------------+
|D |24,53% |1,86% |
+-------------+-----------------------------------------+------------------+
|E |20,76% |4,18% |
+-------------+-----------------------------------------+------------------+
|F |10,32% |9,18% |
+-------------+-----------------------------------------+------------------+
|Grand Total |100,00% |2,53% |
+-------------+-----------------------------------------+------------------+

*The UC score represents the propensity, at time of loan origination,
for a debtor to get a payment remark (Sw. betalningsanmärkning)
within 12 months.

As part of its management of excess liquidity Lendify Sweden 1 AB
(publ) also announces that it has completed a partial repurchase of
outstanding bonds for a nominal value of SEK 23 million (ISIN
SE0009973514). The repurchased bonds correspond to 7.7 percent of
total issued volume of SEK 300 million.

For further information, please contact:
Erika Eliasson, Chief Investor Relations Officer tel. no. +46(0)70 999
10 70

This information is information that Lendify Sweden 1 AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation and
the Swedish Securities Markets Act (2007:528). The information was
submitted for publication, through the agency of the contact person
set out above, at 07:30 CET on 4 June 2018.

-----------------------------------------------------------
http://news.cision.com/se/lendify-sweden-1-ab/r/lendify-sweden-1-ab--pub...
http://mb.cision.com/Main/16211/2536848/852736.pdf

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