DGAP-Adhoc: MyBucks S.A. increases size of proposed capital increase against contributions in kind

Disclosure of an inside information according to Art. 17 MAR

MyBucks S.A. / Key word(s): Capital Increases/Personnel

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MyBucks S.A. increases size of proposed capital increase against contributions in kind

• Firm commitment from another key shareholder to contribute further EUR8,250,000 to announced contribution in-kind capital increase
• Notice and board report for extraordinary general meeting of the Company to be held on 4 June 2019 published

Luxembourg, May 20, 2019 - The Board of Directors ("Board") of Frankfurt-listed FinTech MyBucks S.A. ("MyBucks" or "Company") has resolved to increase the amount of the intended recapitalization of the Company as previously announced on 26 March 2019 by further EUR8,250,000. As a result, the Board will propose to its shareholders at the extraordinary general meeting of the Company to be held on 4 June 2019 ("EGM") to increase the Company's share capital from currently EUR12,715,613 by EUR53,095,175 to EUR65,810,788 in total against issuance of 53,095,175 new shares in the Company at EUR1.00 per share from a capital increase against contribution in kind ("Recapitalization").

As part of the Recapitalization, the Company has agreed to acquire a 11.2% stake in TLG Africa Limited ("TLG Africa") for EUR4,800,000 against the issuance of 4,800,000 new shares in the Company to Infinitum Ltd. ("Acquisition"). The Company further expects to improve upon its funding rates from parties related to TLG Africa as a result of the Acquisition. In addition, Infinitum Ltd. has also agreed to settle further EUR3,450,000 in claims through the issuance of 3,450,000 new shares in the Company. This Transaction with Infinitum Ltd is contingent on the completion of the transactions contemplated in the Announcement of 26 March 2019.

MyBucks continues talks with other stakeholders and has today published the notice and board report for its EGM. Subsequent to the completion of the Recapitalization, MyBucks intends to maintain the proposed rights offering as announced on 26 March 2019 in which shareholders will be offered 5 new shares per every 1 share currently owned by each shareholder to compensate the shareholders for the dilutive effect of the Recapitalization.

ENDS

About MyBucks

MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers financial services through technology. MyBucks operates in eleven African countries and in Australia through its brands Fair Go Finance, GetBucks, GetSure, MBC, NFB and Opportunity Bank. The Group offers credit, banking solutions and insurance products to customers. The MyBucks product offering enables customers to manage their financial affairs easily and conveniently. Discover more at http://www.mybucks.com

Contact:
Investor related matters: investors@mybucks.com
Public relations: pr@mybucks.com
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