Investor Presentation Q3 2016 Results November 2016

Overview of Mogo Finance

Exclusive focus on used car finance ●  Underbanked clients, with no direct competition from

bank leasing operations ●  Key process automation based on scalable efficient

IT platform

Concept proven across several geographies ●  Concept quickly rolled out in four countries, the

Baltics and Georgia ●  Profitable growing operations in each of the four

geographies

Rapid portfolio and EBITDA growth ●  25% compounded quarterly loan portfolio growth

since inception ●  2016F EUR 15.6m EBITDA at 51% margin in the

current markets

Pan-continental Europe expansion ●  Poland was launched in Q3 2016 (a slight delay

from Q2 due to IT resource availability), 4 other markets in the pipeline for 2016

●  Diverse external funding options available

2

Highlights Improving financial performance ●  Net portfolio up 1% Q/Q ●  Revenue up 9% Q/Q ●  Quarterly profit reached EUR 1.8m (before

Forex)

Operational excellence ●  Automated client scoring and car valuation ●  Continued investments in proprietary state of

the art ERP system ●  Focus on digital marketing campaigns

Group expansion ●  Currently operating in the Baltics, Georgia

and Poland ●  Poland was launched in Q3 2016 (a slight

delay from Q2 due to IT resource availability)

●  Subsidiaries established in Romania and Bulgaria

3kE

UR

4,007

4,737 5,101

5,853

6,586 7,136

7,764

Q1 2015

Q2 2015

Q3 2015

Q4 2015

Q1 2016

Q2 2016

Q3 2016

Revenue

kEU

R

-770

-273 -286

553

1,122

2,049

1,658

-354

274 359 380

1,407 1,509

1,751

Q1 2015

Q2 2015

Q3 2015

Q4 2015

Q1 2016

Q2 2016

Q3 2016

Net Profit

Profit/(loss) Before Unrealized Forex

4

Number of Active Clients kE

UR

»  Cumulative growth in number of active clients 9%

18.4 21.2

24.5

29.3 31.6 32.3 33.4

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016

5

Loans Issued in 9 Months 2016

»  Omni-channel strategy with great emphasis on on-line presence for origination of new loans

36%

44%

12%

8%

Lithuania

Website

Call Center and Branches

Mobile Website

Partner

44%

13% 14%

29%

Estonia

Website

Call Center and Branches

Mobile Website

Car Dealership

6

Portfolio Analysis

»  Conservative impairment policy employed with effective impairment rate 10% from gross portfolio

»  Virtually no loans with delayed payments of more than 30 days

75%

13%

1% 3%

9%

Gross Portfolio at 30 September 2016: EUR 73.8m

No Delay

1-30

31-60

Default Secured

Default Unsecured

81%

14%

1% 2% 2%

Net Portfolio at 30 September 2016: EUR 66.4m

Loan Portfolio Cash Flow1

7

kEU

R

»  Second quarter in a row where funding inflow2 exceeded outflow3 »  Cumulative growth in incoming cash flow of 11% 1) For GEL amounts a single exchange rate as at 19.10.2016 used for current and prior periods 2) Principal, interest, penalties, commissions and income from car sales received 3) Loans funded and external debt collection costs

12,507 11,810

13,189

16,416

14,858

13,386 13,102

7,534

9,792

11,702

13,192 13,939

15,277 15,924

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016

Total Cash Outflow Total Cash Inflow

Financial Statements

9

Latvia Financials Income Statement, TEUR

2014 2015 Actual 9 months

2015 Actual 9 months

2016 Interest income and similar income 5 758 9 107 6 614 7 478 Interest expense and similar expenses -1 518 -2 083 -1 496 -1 631 Net interest income and similar income 4 240 7 023 5 118 5 847 Net impairment losses on loans and receivables -1 173 -2 319 -1 829 -241 General admistrative and selling expenses -2 424 -3 568 -2 822 -2 970 Other (expense)/income 22 -121 42 32 Profit before tax 664 1 015 509 2 668 Tax -261 -145 -152 -376 Net profit 403 870 358 2 292 Net Margin, % 7% 10% 5% 31% EBITDA 2 273 3 289 2 132 4 581 EBITDA Margin, % 39% 36% 32% 61%

Balance Sheet, TEUR

31.12.2014 31.12.2015 Actual 9 months

2016 Loans and advances 21 688 24 086 25 910 Cash and cash equivalents 769 400 205 Other assets 5 300 6 538 4 764 Total assets 27 757 31 025 30 880 Loans and borrowings 21 944 24 172 21 638 Other liabilities 886 1 055 1 360 Total liabilities 22 830 25 227 22 998 Total equity 4 927 5 797 7 882 Total equity and liabilities 27 757 31 025 30 880

Key ratios Interest coverage ratio 1.4 1.5 2.6

10

Lithuania Financials Income Statement, TEUR

2014 2015 Actual 9 months

2015 Actual 9 months

2016 Interest income and similar income 1 441 3 406 2 392 4 394 Interest expense and similar expenses -531 -860 -611 -1 164 Net interest income and similar income 910 2 546 1 781 3 230 Net impairment losses on loans and receivables -685 -536 -312 -596 General admistrative and selling expenses -1 157 -1 844 -1 501 -1 202 Other (expense)/income 8 -23 -1 -10 Profit before tax -923 144 -32 1 422 Tax 41 -88 -31 -292 Net profit -882 56 -64 1 130 Net Margin, % -61% 2% -3% 26% EBITDA -385 1 049 600 2 520 EBITDA Margin, % -27% 31% 25% 57%

Balance Sheet, TEUR

31.12.2014 31.12.2015 Actual 9 months

2016 Loans and advances 6 820 11 953 15 690 Cash and cash equivalents 524 4 137 Other assets 421 668 644 Total assets 7 766 12 625 16 471 Loans and borrowings 6 260 10 916 12 731 Other liabilities 236 383 1 285 Total liabilities 6 496 11 300 14 016 Total equity 1 270 1 325 2 455 Total equity and liabilities 7 766 12 625 16 471

Key ratios Interest coverage ratio -0.7 1.2 2.2

11

Estonia Financials Income Statement, TEUR

2014 2015 Actual 9 months

2015 Actual 9 months

2016 Interest income and similar income 821 2 608 1 865 3 171 Interest expense and similar expenses -326 -923 -659 -1 035 Net interest income and similar income 495 1 684 1 206 2 136 Net impairment losses on loans and receivables -317 -699 -297 -454 General admistrative and selling expenses -871 -1 555 -1 154 -917 Other (expense)/income -3 -34 -12 -6 Profit before tax -696 -603 -256 759 Tax 0 0 0 0 Net profit -696 -603 -256 759 Net Margin, % -85% -23% -14% 24% EBITDA -365 265 361 1 653 EBITDA Margin, % -45% 10% 19% 52%

Balance Sheet, TEUR

31.12.2014 31.12.2015 Actual 9 months

2016 Loans and advances 4 793 8 425 11 311 Cash and cash equivalents 408 73 91 Other assets 91 142 336 Total assets 5 292 8 640 11 738 Loans and borrowings 6 063 9 854 10 225 Other liabilities 159 271 539 Total liabilities 6 222 10 125 10 764 Total equity -930 -1 485 973 Total equity and liabilities 5 292 8 640 11 738

Key ratios Interest coverage ratio -1.1 0.3 1.7

Thank you for your attention! Contacts Address: Skanstes 50, Riga, LV-1013 Phone: +371 6690 0900 Home page: www.mogofinance.com

Contact person Māris Kreics, Group CFO Phone: +371 6690 0904 E-mail: maris.kreics@mogofinance.com