IEG Holdings Urges LendingClub Board to Enter into Negotiations with IEG Holdings and to also Explore Opportunities in the Crypto/Blockchain Sector

LAS VEGAS, NV--(Marketwired - January 23, 2018) - IEG Holdings Corporation (OTCQB: IEGH) ("IEG Holdings") has commenced a tender offer to exchange 13 shares of IEG Holdings' common stock for each share of LendingClub Corporation ("LendingClub") common stock, up to an aggregate of 20,701,999 shares of LendingClub common stock, representing approximately 4.99% of LendingClub's outstanding shares as of October 31, 2017, validly tendered and not properly withdrawn in the offer. The offer is scheduled to expire at 5:00 p.m., Eastern time, on Thursday, February 22, 2018, unless the offer is extended or earlier terminated.

IEG Holdings urges LendingClub to enter into negotiations with IEG Holdings, rather than simply dismissing the tender offer. IEG Holdings also encourages LendingClub to explore opportunities in the crypto/blockchain sector, as IEG Holdings believes LendingClub's use of blockchain technology may increase cash flow security, transparency and customer loan risk analysis with an open ledger. IEG Holdings believes that the LendingClub board of directors should be held accountable by its shareholders for continuing to pursue a flawed, slim margin "broker" business model and ignoring blockchain technology.

Based on the closing prices of IEG Holdings' and LendingClub's common stock on January 22, 2018, the aggregate market value of 13 shares of IEG Holdings offered in the offer is approximately 12.1% MORE than the value of one LendingClub share.

		Market Price Per Share			Total Value
		(as of January 22, 2018)
1 Share of LendingClub Common Stock		$	4.06		$	4.06
13 Shares of IEG Holdings Common Stock		$	0.35		$	4.55
AMOUNT YOU MAY POTENTIALLY GAIN:		$	0.49 per Share

IEG Holdings has identified what it believes to be a number of major risks and problems with the LendingClub business and management: