Ferratum Oyj - Changes board/management/auditors

FERRATUM OYJ: Jussi Mekkonen appointed Chief Executive of Ferratum Bank p.l.c.

Ferratum Oyj: Jussi Mekkonen appointed Chief Executive of Ferratum Bank p.l.c.
Helsinki,  1 September 2017 - Ferratum  Oyj (ISIN: FI4000106299,  WKN: A1W9NS) /
"Ferratum"  is pleased to announce the appointment  of Jussi Mekkonen as the new
Chief Exective Officer of Ferratum Bank p.l.c., subject to MFSA approval.

Mr  Mekkonen will assume his responsibilities with Ferratum Bank from 1 November
in  the bank's headquarters in Malta, succeeding Ms Lea Liigus who will continue
as Head of Legal and Directors Team member for Ferratum Group, as well as on the
Boards  of Ferratum  Group and  Ferratum Bank.  There will  be no  change in the
position of Mr Jorma Jokela, who will continue to serve as the CEO and member of
the  Board of Ferratum Group. Mr Mekkonen joins the Ferratum Directors team from
Nordea Bank AB, where he served in a number of senior positions for 22 years. He
was  most recently the Executive Vice President  and Head of Personal Banking in
Finland.

The  appointment of Mr  Mekkonen is at  a time that  Ferratum Group continues to
grow.  Mr Mekkonen will play  a key role in  developing the Ferratum Mobile Bank
and  its products and  will be leading  its expansion across  further markets in
Europe.

Announcing  Mr Mekkonen's  appointment, Mr  Jokela, Founder  and CEO of Ferratum
Group said:

"I  am  delighted  that  Jussi  will  be  joining  the Ferratum family as CEO of
Ferratum  Bank. He brings with him a wealth of experience and critical knowledge
of  new  technologies  and  disruptive  change  in  banking. His track record of
driving sales and profits for his divisions is exceptional and I am confident he
is ideally placed to take Ferratum Bank to the next phase of growth."

Jussi Mekkonen said:

"Banking is entering a new era and disruptive players like Ferratum are taking a
lead.  The  business  has  already  grown  around  a  model  fit for the future,
supported  by a highly competent team and long term vision. I am very excited to
be  joining a company that  is driving the digitial  revolution in banking and I
believe  my  experience,  in  product  and  service  development  and  operative
management,  will help direct and  guide the business to  further growth. I look
forward to working with all of my colleagues at Ferratum and the journey ahead."

Ferratum  Bank as a part of Ferratum  Group provides consumer loans, savings and
deposit  products and other consumer and business orientated financial products,
distributed  through a mobile  based platform and  online. It currently provides
services across 12 countries in Europe.

The  Mobile  Bank  is  a  revolutionary  platform that assembles customers' full
financial lives in one app. Users can access all their basic banking services in
real  time in  an easy,  secure and  mobile manner,  regardless of  the place or
currency.  The Mobile Bank also  offers a unique platform  for partners to bring
added value with their services into it.



                                      ENDS





About Ferratum Group:

Ferratum  is an  international provider  of consumer  and small  business loans,
distributed and managed by mobile devices.  Founded in 2005 and headquartered in
Helsinki,  Finland, Ferratum is a pioneer  in the fields of financial technology
and  mobile  lending  and  has  expanded  rapidly  to  operate  in 24 countries.
Ferratum's  customers  utilize  digital  media  to  apply for consumer credit in
amounts  varying between EUR  25 and EUR 20,000 and  small businesses instalment
loans  up  to  EUR  100,000 with  a  term  of  six to twelve months.  Led by its
founder,  Jorma Jokela,  Ferratum has  more than  1.7 million active  and former
customers  who have  been granted  one or  more loans  in the  past (as  at June
30, 2017).

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under
symbol 'FRU.' For more information, visit www.ferratumgroup.com.



Contacts:

 Ferratum Group                   European media enquiries:
 Jorma Jokela                     Edelman.ergo, A Daniel J Edelman Company
 CEO                              Alexander Schmidt | Andreas Martin
 T: +358 40 506 1715              T: +49 69 27 13 89 26
 E: jorma.jokela@ferratum.com     E: Alexander.Schmidt@edelmanergo.com
                                  E: Andreas.Martin@edelmanergo.com


 Ferratum Group                   UK media enquiries:
 Emmi Kyykkä                      Smithfield, A Daniel J Edelman Company
 Business Support Manager for CEO Alex Simmons | Brett Jacobs
 T: +41 79 940 6315               T: +44 20 3047 2543 | +44 20 3047 2537
 E: emmi.kyykka@ferratum.com      E: asimmons@smithfieldgroup.com
                                  E: bjacobs@smithfieldgroup.com




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