Investor Presentaiton

Anticipated changes in legal environment Active monitoring and dedicated resources to adapt and respond to regulatory change SWEDEN ■ A new law came into force in Sweden on 1 September 2018 capping effective interest rates for high cost loans at 40%. In line with its overall business strategy, Ferratum has stopped selling microloans in Sweden and switched to products with higher loan principals, which can be offered at lower rates of interest in line with the new capping FINLAND ■ A number of amendments to the Consumer Protection Act with regards to the maximum interest rates that may be charged to consumers, as well as a cap on overall costs, have been approved and will enter into force in September 2019 LATVIA ■ A number of legislative changes were enacted in October 2018, which included rules on creditworthiness assessments. Ferratum offers loans in compliance with these rules, whilst it is also planning further changes in order to comply with additional changes - which will come into force on 1 July 2019 - capping the daily total costs of loans and others which purport to limit certain advertising of loans ROMANIA ■ The National Bank of Romania has adopted adjustments to the relevant debt to income ratio, which were applicable from 1 January 2019. Ferratum has adapted its processes in order to adhere to these legislative changes. In March 2019, Romania's Constitutional Court invalidated a law capping interest rates on retail loans which was to be introduced; Ferratum continues to monitor the situation NORWAY ■ A new law was passed in February 2019 (coming into force in May 2019), the main focus of which are creditworthiness assessments of consumers. Ferratum is working on implementing changes to its processes in order to meet these new requirements POLAND ■ Ferratum is closely monitoring news that new laws will be enacted in Poland in 2019 aimed at regulating consumer lending, primarily in order to ensure Ferratum is ready to implement any changes necessary to continue adhering to the regulatory requirements The Group will continue to monitor the global regulatory environment, in close co-operation with its local advisors, in every country in which it is active with the aim to ensure the Group's ongoing compliance with all applicable laws and regulations ferratum 20

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