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Ferratum Oyj: Juhani Vanhala appointed Chairman of the Board of Ferratum Oyj - Seite 2

Jorma Jokela, CEO and Founder of Ferratum Group commented:

"I am pleased that Pieter has agreed to take on broader leadership and operational roles within Ferratum. Throughout his years as Chairman, Pieter has immersed himself in our business and has a deep understanding of our strategy, vision and the opportunities ahead of us. His extensive leadership track record and demonstrated passion for Ferratum make him a great choice to lead Ferratum Bank and run our consumer lending business, of which already the majority operates under our banking entity, with further countries expected to follow. Juhani is a highly experienced Board professional and platform strategist. His in-depth knowledge and understanding of our business make him the best Chairman at this exciting time of our evolution and the further development of our mobile platform."

Juhani Vanhala commented:

"I feel privileged to have accompanied Ferratum on its journey since its formation in 2005. I see great potential for the future and am honored by the trust placed in me by the Board to nominate me as Chairman. I look forward to working with the Board, senior management and all members of the Ferratum team as we continue to unlock our full potential."

Pieter van Groos commented:

"I have great respect for Jorma's entrepreneurial leadership, which has built Ferratum to be the remarkable business it is today. I am honored that Jorma has entrusted me to run Ferratum Bank and the Group's consumer lending business. When we enter our next phase of growth I look forward to developing and expanding this extraordinary Group to create further value for its shareholders. I am delighted Juhani will be succeeding me as a Chairman and am looking forward to building on our excellent working relationship to deliver great results."

About Ferratum Group:

Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded rapidly to operate in 25 countries across Europe, Africa, South and North America and the Asia-Pacific region.