SIA "VIA SMS Group" is planning to achieve EUR 12,986 million consolidated turnover and EUR 1,970 million net profit in 2015.

Accordingly to budget of SIA „VIA SMS Group” for year 2015, its planned consolidated turnover for year 2015 is EUR 12,986 million and net profit EUR 1,970 million.

Definitions:

Issuer: SIA „VIA SMS Group”

Subsidiary: The issuer’s subsidiary

Group: The Issuer with all of its Subsidiaries

Description of Portfolio statement items:

• Issued loans: The amount of loans that were granted to customers during the period.
• Prolonged loans: The amount of loans that were prolonged during the period, extending the loan due-date.
• Repaid loans: The amount of loans that are repaid during the period (does not include those amounts that have been written off before repayment).
• Non-repaid loans: The amount of overdue loans at the end of the period with delay less than 90 days.
• Written-off loans: The amount of overdue loans that during the period have reached the delay more than 90 days.

Description of Profit and Loss statement items:

• Turnover: fees for granting a loan, prolonging a loan, monthly fees for a long-term loan (an installment loan with initial term above 30 days), penalty fees and other revenues.
• Interest expenses: Interest expenses for borrowed funds that are necessary for Group operations.
• Selling expenses: credit history checks, communications, SMS services, debt collection and other expenses directly related to customer and loan service (except for personnel expenses).
• Management fees: Fees for services that the Issuer provides to the Subsidiaries (maintenance of IT systems, accounting and financial services, marketing services etc.)
• Net write-off expenses: The amount of written-off loans during the period that is reduced by recovered amounts of written-off loans.
• Marketing expenses: internet marketing, TV and radio advertising, outdoor advertising.
• Administrative expenses: rental and maintenance of premises, business trips, representation, external legal and accounting services, communications, banking services, depreciation, VAT that is not attributed to the pretax.
• Personnel expenses: Salary, vacations, and other personnel related expenses, salary taxes.
• Currency exchange loss/ profit: loss or profit from currency exchange rate fluctuations.
• Operating result: Profit before CIT.
• Net profit: Profit after CIT.
• EBITDA: Earnings before interest, taxes, depreciation and amortization.

Description of Cash flow statement items:

• Cash flow for the period: Net cash flow for the period without cash flow closing balance of previous period.
• Funds received from Investors: Funds that the Issuer receives from external investors to finance Group operations.
• Funds repaid to Investors: Funds that the Issuer repays to external investors.
• Other received funds: Funds that the Issuer receives for asset selling.
• Other repaid funds: Funds that the Issuer pays for asset purchasing.
• Cash flow closing balance: Total amount of funds in banks and cash desks at the end of period.

Extraordinary income/ expenses:

• In period from january to February, 2014 it is planned to receive EUR 350,000 for sale of shares of Spain subsidiary Via SMS Minicredit S.L. as well as EUR 50,000 for sale of Spain CRM module to Via SMS Minicredit S.L.)

SIA “VIA SMS Group”

SIA “VIA SMS group” is the second largest online lender in Eastern Europe, providing loans without collateral to individuals since year 2009. It operates under the brands VIA SMS, VIA CREDIT and VIA CONTO, and offers loans for up to 12 months in Latvia, Lithuania, Czech Republic, Poland, and Sweden. VIA SMS Group has more than 600 000 registered clients and loans issued annually total EUR 45 million.

         Contact details:
         Ģirts Kurmis
         SIA “VIA SMS group” CFO
         Phone: +371 67212412
         E-mail: girts.kurmis@viasmsgroup.com