Rivers Leasing PLC: FINAL RESULTS FOR THE YEAR ENDED MARCH 2018

27 July 2018

Hamilton, Bermuda: 27 July 2018- In a filing with the Bermuda Stock Exchange (the “BSX”) Rivers Leasing Plc (the “Group” or the “Company”), whose Secured Loan Note Programme is listed on the BSX announce results for 2018. The full filing stated:

The Directors of Rivers Finance Group PLC (the Company) are pleased to announce financial results for the twelve months ended 31 March 2018. The group results consolidate the results of Rivers Leasing PLC, the main operating company of the group and three dormant companies.

Financial Highlights

□ Asset & loan business origination increased by 33% to £10.95m (FY2017: £8.25m)

□ Revenue increased by 47.6% to £2.94m (FY2017: £1.99m)

□ Operating Profit (EBIT) increased by 36.5% to £1.31m (FY2017: £0.96m)

□ Profit Before Tax increased by 102% to £311k (FY2017: £154k)

□ Net Assets at 31 March 2018 increased 17% to £1.1m (2017: £0.93m)

Operational Highlights

□ Combined ‘own book’ assets & loans portfolio of £19.5m (31 March 2017: £14.3m)

□ £3.7m of deferred income, i.e. future revenue, as at 31 March 2018 (31 March 2017

□ £2.8m)

□ Funding facilities available to the business of £22.5m (31 March 2017: £19.3m)

□ The Directors are forecasting stronger results for the next financial year, ending 31 March 2019

Trading Update – 3 months ended June 2018 (Source: management accounts)

□ Asset & loan business origination in the 3 months to June 2018 increased by 43% to

□ £3.2m (3 months to June 17: £2.2m)

□ Revenue increased by 47% in the quarter ended 30 June 2018 compared to the same quarter in the previous year.

□ June 2018 a record month for asset & loan business origination.

□ Combined ‘own book’ assets & loans portfolio at £21.1m (30 June 2017: £15.5m)

□ Significant progress made on share capital increase, revised strategic funding facility and negotiating increased bank finance lines.

For further information, please contact

Ratan Daryani, Chairman (+44) (0)20 8424 8262 27 July 2018