Ad hoc: MyBucks S.A. Completes Second Phase of Financial Restructuring

/ Disclosure of an inside information according to Art. 17 MAR

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

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MyBucks S.A. Completes Second Phase of Financial Restructuring

- External debt reduced by c. EUR26.5m through effective sale of operations in Botswana and disposal of equity stakes in Mozambique and Zambia

- Malawian balance sheet strengthened through introduction of a local partner with parallel c. EUR6m liquidity unlocked for further debt reduction

- Residual debt reduced to est. c. EUR25m from c. EUR108m as of 31 March 2019 at the start of the restructuring

- Proposed appointment of Patrick Matute as an Executive Board Member, appointment of Craig Lyons as Chairman of the Board with a phase-out of Timothy Nuy as CEO following the successful completion of the restructuring

Luxembourg, June 23, 2020 - Frankfurt-listed Fintech MyBucks S.A. ("MyBucks" or the "Company") today announced that it has successfully completed a second phase of the Debt Restructuring of the Company. It has reduced its consolidated indebtedness by c. EUR26.5m through a disposal of GetBucks Limited, Mauritius (holding its Botswana operation) including a disposal of shares in its operations in Mozambique and Zambia. MyBucks will retain a c. 25.0% stake in MBC Mozambique. MyBucks has further agreed to reduce its shareholding in Malawi to 49%, taken up by Mpatsa Holdings ("Mpatsa") a local investment holding company, allowing for a debt reduction by c. EUR6m. These transactions remain subject to customary regulatory approvals, most importantly central bank approval in Malawi, Mozambique and Zambia.

MyBucks expects the transaction to have an accretive effect on its equity. It is expected to reduce gross external debt to c. EUR25m, against which the Company still holds financial assets of c. EUR10m.

To further align the cost structures of the Group to the need to focus on operational efficiency, the Group has decided to simplify its governance structures. Craig Lyons will take-over as an active Chairman of the Board of MyBucks S.A. from Dirk Harbecke. The executive team will be composed of Craig Lyons, Riaan Paul (Group Chief Financial Officer, based out of Luxembourg) and Patrick Matute (CEO of MyBucks' wholly-owned bank holding company, based in Africa). This structure will allow the Group to reduce cost, and to continue to deliver world-class reporting out of Luxembourg whilst driving significant growth on-the-ground in the African assets. Having successfully completed his restructuring mandate, Timothy Nuy will be stepping down as Chief Executive Officer and leaving the Board at the next Annual General Meeting.

MyBucks expects to publish its audited financial statements by End of July 2020, and will invite for a general meeting thereafter to approve these financial statements. MyBucks intents to further align its Board of Directors to the transformed operational structure in this regard.

ENDS

About MyBucks

MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers financial services through technology. MyBucks operates in six African countries through its brands GetBucks, GetSure, MBC, 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 Important Notice:

This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities of MyBucks S.A. in the United States, Germany or any other jurisdiction.

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Subject to certain exceptions under applicable securities laws, the securities referred to in this publication may not be offered or sold in Canada, Australia or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia or Japan.

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This publication contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of MyBucks S.A. and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described herein due to factors affecting MyBucks S.A. such as, among other things, changes in the general economic and competitive environment, capital market risks, currency exchange rate fluctuations and competition from other companies, and changes in international and national laws and regulations, in particular with respect to tax laws and regulations. MyBucks S.A. does not assume any obligation to update any forward-looking statements.

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