Reduction of Unavoidable Corporate Expenses

Amigo Holdings PLC, a UK provider of mid-cost credit that is currently in an orderly solvent wind-down, today announces that it has reduced its unavoidable monthly corporate expenses to a level that means that it has sufficient cash for the next couple of months. However, the Company has no contingency reserves to absorb unanticipated events.

The search for a reverse takeover counterparty and related funding continues with potentially interested parties.

Amigo Scheme Update

The Scheme activities are nearing completion. The costs of the Scheme and its solvent winding up will continue to be borne by the ringfenced Scheme funds