Fellow Finance co-operation negotiations has completed

FELLOW FINANCE PLC COMPANY ANNOUNCEMENT 14.4.2020 AT 3.00 PM

Fellow Finance has completed the co-operation negotiations started on 2 April 2020. The result of the co-operation procedure, the company will temporarily lay off 13 people on a part-time or full-time basis for a maximum of 90 days. The company’s Management Team decided to reduce their salaries for the next three months. The co-operation negotiations concerned the entire personnel in Finland.

FELLOW FINANCE PLC

Further enquiries:

Jouni Hintikka, CEO, Fellow Finance Plc, jouni.hintikka@fellowfinance.fi, +358 40 585 5009

Certified advisor, Evli Bank Plc, tel. +358 40 579 6210

Fellow Finance Plc launched its operations in 2014 and it is an internationally active and growth-oriented FinTech group that provides crowdfunding services for people and businesses. Fellow Finance is the leading1 Nordic loan-based crowdfunding and peer-to-peer lending platform which has over 850 000 users from around 70 countries. Fellow Finance Plc is regulated by the Financial Supervisory Authority of Finland as an Authorized Payment Institution. Fellow Finance Plc is listed on Nasdaq First North Growth Market Finland and The Company has around 2 500 shareholders. www.fellowfinance.com

¹Measured by the amount of financing facilitated. Source: Brismo Market Data (data accessed on 14 April 2020).

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