Change of CEO at Fellow Finance PLC

FELLOW FINANCE PLC COMPANY ANNOUNCEMENT 30.6.2020 AT 1:00 PM

Fellow Finance PLC’s CEO changes. The Board of Directors of the company and CEO Mr. Jouni Hintikka have agreed Mr. Hintikka to leave his position as the company CEO immediately.

COO, co-founder and board member of Fellow Finance, Mr. Teemu Nyholm has been appointed as interim CEO.

The Board of Directors will initiate the process for appointing a new company CEO.

“On behalf of the Board of Directors and the company I want to thank Mr. Hintikka for the remarkable job in building and developing the company. Fellow Finance has developed and expanded internationally also during the recent, challenging times. We will continue focusing on the implementation of the second phase of our growth strategy, improving our profitability and on new innovative launches to expand the scope of our services for our growing clientele,” says Mr. Kai Myllyneva, the Chairman of the Board.

FELLOW FINANCE PLC

Board of Directors

Further enquiries

Kai Myllyneva, Chairman of the Board, Fellow Finance Plc, +358 400 702 634

Teemu Nyholm, Interim-CEO, Fellow Finance Plc, +358 50 577 1028

Evli Bank Plc, Certified Advisor, Evli Bank Plc +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.

¹Measured by the amount of financing facilitated. Source: Brismo Market Data (data accessed on 30 June 2020).

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