NEO Finance AB: NEO Finance AB sales report for fourth quarter of 2021

The fourth quarter of 2021 was turbulent and intense for the company: the last
EUR 400 K bond issue of the EUR 1.1 M of bonds issued in 2018 was redeemed;
Paulius Tarbunas, who previously led the company's Open Banking Department, was
appointed as CEO; Enlight Research published a report for investors of NEO
Finance, AB; and KPMG Baltics SIA was appointed as the company's new certified
advisor for the Nasdaq Baltic First North market. 

Loans granted via NEO Finance, AB's Paskolu Klubas peer-to-peer lending
platform in the fourth quarter of 2021 totalled EUR 6.86 M and compared to the
fourth quarter of 2020 grew 27%. 

Receivables of intermediary fees for new loans, which is the biggest source of
revenue in peer-to-peer lending operations, totalled EUR 668 K in the fourth
quarter. The income will be received across the loans' entire term. Compared to
the fourth quarter of 2020, intermediary fee income grew 20%. Intermediary fees
of EUR 144.5 K in December represented a new monthly record. 

Payment initiation service volumes also grew in the fourth quarter of 2021.
Customers of Neopay carried out nearly 4.8 M transactions. That was an increase
of 68% compared to the same period of 2020, when 2.85 M transactions were
conducted. In December, two records were set - for 83.7 K payments in one day
and for 1.7 M payments in one month. 

The FinoMark crowdfunding platform issued EUR 250 K of business loans in the
fourth quarter of 2021. 

More details are provided in the attached report.

Aivaras Bielskis
Acting Head of Finance
E-mail address: [e-mail]

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