AS “mogo” concludes the year 2014 with a net profit of 0.54 million euro

2014 was a period of very rapid growth for the Company. Total assets of the Company grew up to 28 million euro, turnover reached 5.8 million euro, EBITDA 2.4 million euro, and net profit of the Company reached 0.54 million euro.

In September 2014 the Company increased its share capital up to 5 million euro to strengthen financial and long-term value of the Company. At the end of December 2014 gross value of the lease portfolio reached 22.5 million euro (204% growth in comparison with year 2013).

On 17 march 2014 the Company registered emission of bonds for a total amount of 20 million euro at Latvian Central Depository for the attraction of investments, and on 11 November 2014 the Company included these bonds in Nasdaq Baltic Stock Exchange Debt Security listing, where they are available for public trade. By 27 February 2015 the Company has emitted the maximum number or securities 20 000 at nominal value EUR 1 000 for the total amount of emission EUR 20 000 000.

Attachment: AS “mogo” unaudited condensed financial report for the year 2014.

About AS “mogo”

AS “mogo” offers classical finance lease and lends against vehicles already owned by clients (a type of service known as leaseback), which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of more than 200 affiliated car dealerships, or at one of its client service centers in major cities throughout Latvia. Today, “mogo” group companies also operate in Estonia, Lithuania, and Georgia, with plans to expand business to other countries. Read more: www.mogofinance.com

Contacts:
         Kaspars Leimanis
         CFO
         Phone: +371 66900904
         Fax: +371 66047063
         Email: kaspars.leimanis@mogo.lv