- Profit before tax up 29% to 25.2m (2016: 19.5m) - Basic earnings per share up 28% to 170.7p (2016: 133.6p)

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2 1 FINANCIAL HIGHLIGHTS YEAR TO 31 JANUARY 2017 Continuing Operations - Revenue up 34% to 60.5m (2016: 45.2m) - Profit before tax up 29% to 25.2m (2016: 19.5m) - Basic earnings per share up 28% to 170.7p (2016: 133.6p) Further net investment in motor finance of 33m in year with new advances up 30% to 121.6m (2016: 93.2m) Total dividend for the year declared up 20% to 91p (2016: 76p)

3 2 GROUP INCOME STATEMENT CONTINUING OPERATIONS YEAR TO JANUARY 2017 Revenue up 34% driven by growth in book Cost of Sales up 43% on advances 31% up higher increase expected and reflecting competition Impairment charge up 60% increase due mainly to product mix Impairment to revenue at 20.1% still within the range of the last few years m Jan 17 Jan 16 Change % Revenue % Cost of Sales % Impairment % Admin Expenses % Finance Costs % Profit before tax motor % Central Costs % Central Finance Income % Profit before tax group %

4 3 GROUP BALANCE SHEET 31 JANUARY 17 m Jan 17 Jan 16 Change % Comment Fixed Assets Amounts Receivable Motor Finance % Strong book growth in last 12 mths Other Assets Includes short term deposits 2016 Total Assets % Bank Overdrafts Trade and Other Payables Tax Liabilities Accruals and deferred income Borrowings % Com facilities 85m (post ye 95m) Financial Liabilities Total Liabilities % Net Assets and Total Equity %

5 4 TREASURY & FUNDING Committed funding facilities increased post year end to 95m, comprising 30m term loans and 65m revolving credit facilities (also 5m overdraft facilities) New 25m revolving credit facility until March 2021 replacing previous 15m facility Group gearing at 31 January 2017 is 35% (2016: 9%) Good headroom and facilities will be further increased if required

6 CASH FLOW: YEAR TO 31 JANUARY 2017 Group Cash Flow Good motor finance advance growth requiring 33.2m net investment 4.1m reduction in central balance mainly relates to 3.4m share of dividend Group m Jan 17 Jan 16 Balance b/f Motor Finance 31% advances increase although rate of growth slowed in H2 17 against strong H2 16 Monthly Collections up 32% Debt recovery collections up 47% reflecting increased impairment due to maturity and product mix Motor Finance outflow Home Credit disposal Central Dividend Exceptional Dividend Other outflow/inflow Balance c/f Gearing % 35% 9% Analysis Central Motor Finance Balance c/f Motor Finance m Jan 17 Jan 16 Balance b/f Advances Monthly Collections Settlement Collections Debt Recovery Collections Overheads/interest etc Corporation Tax Dividend Balance c/f

7 6 MOTOR FINANCE RETURN ON CAPITAL VERSUS IMPAIRMENT GRAPH 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% Motor Finance - Return % on Capital Employed v Impairment % to Revenue 0.0% Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 % Return on capital employed before finance costs Impairment % to Revenue

8 7 MOTOR FINANCE STATUS OF BOOK DEBTS Account Arrears Status Position at end January 2017 Position at end January 2016 Volume of Accounts Percentage of Live Receivable Volume of Accounts Percentage of Live Receivable Up to Date % % mthly payments % % % % % % % % % % % % % % Total Live Accounts m net receivables m net receivables Legal and debt recovery m net receivables m net receivables Total Accounts m net receivables m net receivables

9 8 MOTOR FINANCE LOAN PROFILE BY YEAR OF ORIGINATION Average Loan profile Year to Jan 12 Year to Jan 13 Year to Jan 14 Year to Jan 15 Year to Jan 16 Year to Jan 17 Number of loans 4,736 6,118 8,460 11,941 15,131 20,042 Advance 5,012 5,309 5,715 6,079 6,121 6,068 Cost of Sales Interest rate flat per annum 16.5% 16.4% 16.5% 16.8% 17.5% 17.9% Average customer score* Original term in months *Based on internal credit quality score

10 9 MOTOR FINANCE COLLECTION GRAPH Motor Finance Collections by Year of Advance as at Jan-17 20% Jan-16 Jan-15 61% (ly 18% advances later in year) 105% (ly 67%) 105% Jan % 135% (ly 107%) Year of Advance Jan-13 Jan-12 Jan % (ly 138%) 108% 152% (ly 150%) 112% 154% (ly 152%) 113% Jan-10 Jan % 105% 153% (ly 152%) 146% (ly 144%) Jan-08 95% 130% (ly 128%) millions Collected to date m Collected after average 30 months m Advances for year including cost of sales m

11 10 CONSUMER MOTOR FINANCE MARKET Opportunity for growth Motor Finance Market SMMT reports 8.2m used car transactions in 2016 up 7.3% on prior year Motor Finance Market FLA report 9% increase in point of sale consumer used car finance deals to over 1.25m in 2016 Market non-prime trends internet introducers increasing market share and growth of Advantage

12 CONSUMER MOTOR FINANCE MARKET Opportunity for Advantage Advantage received over 750,000 applications during the year of which c240,000 were provisionally approved and c20,000 transacted From August 2015, Advantage has no longer offered insurance thus improving speed of service and contributing to strong growth Average customer quality scores improved in Q and further improvement expected Continued refinement in underwriting through Delphi 10 capability Good capacity for growth

13 11 BRIDGING FINANCE PILOT Secured property bridging market is circa 5bn per annum in England and Wales, and estimated to grow to 8.8bn by 2020 (Mintel) Aspen Bridging formally launched post year end and marketing now underway Pilot will be confined to the non-regulated market (65%+) serving the growing mortgage bridging, auction, business rental and refurbishment sectors

14 12 OUTLOOK Economy Brexit may cause some temporary uncertainty but UK economic fundamentals are sound - 89% of consumers say Brexit will not affect their car buying intentions (Auto Trader, September 2016) Motor Finance focus on organic growth and loan book quality Speciality Finance 15 month pilot property bridging finance operation now underway Treasury increased funding facilities provide good headroom and can be further increased if required

15 APPENDICES 13

16 14 GROUP INCOME STATEMENT 5 YEAR HISTORY FOR CONTINUING BUSINESS m Year to Jan 13 Year to Jan 14 Year to Jan 15 Year to Jan 16 Year to Jan 17 Revenue Cost of Sales Impairment Admin Expenses Finance Costs Profit before tax

17 15 MOTOR FINANCE OUR BUSINESS Used car finance on hire purchase 90% sourced through brokers 5% refinances for previous customers 5% direct from dealers 100,000 th new deal transaction milestone reached in 2016 c1700 deals per month underwritten and collected centrally direct debit is the start repayment method for all customers Customers typically borrow only once loan of about 6,100 advance with 11,000 repayable including interest over an average term of about 50 months

18 16 MOTOR FINANCE CREDIT AND RISK MANAGEMENT Approval rate approximately 30% of applications, of which about 9% is converted approximately 750,000 applications last year resulting in 20,042 deals Automated decision from bespoke scorecard system returned within 10 seconds on 97% of all applications received Well established compliance procedures supported by outside internal audit function and external specialist legal advisers Monthly distribution of compliance and risk reports, quarterly TCF reports signed off by all directors, strong complaint handling procedures and successful track record of compliance inspections Advantage Finance granted full consumer credit permission from the FCA in December 2016

19 17 MOTOR FINANCE EXAMPLE CUSTOMERS Example 1 (refinance) Prison Officer for HM Prison Service for last 6 years Listed on voters roll 2011 onwards Earns 2093 net a month giving around 700 headroom A paid Advantage for finance for previous Vauxhall Vectra since 3/13 some earlier other credit defaults but all confirmed settled Purchased Vauxhall Insignia part exchanging previous vehicle and borrowing 6400 at 95% ltv over 48 months with repayment of 252pm This customer commented on a review site The service I have received has been second to none, the professionalism from Helen and Natalie was just fantastic, every question answered every issue dealt with in a timely manner

20 18 MOTOR FINANCE EXAMPLE CUSTOMERS Example 2 ( great service ) Sales supervisor for national fuel supplier Partner is a labourer and they made a joint application Earns net joint a month giving around 2700 headroom Active A paid credit five unsecured credit defaults from 2010/11, three fully settled two still outstanding. Purchased BMW 320 in September 2016 but few issues requiring repair so Advantage agreed with the dealer that the vehicle should be returned and an alternative car chosen customer selected an Audi A4 borrowing 5540 at 87% ltv over 48 months with payment of 202pm. This customer commented on a review site Natalie stayed in contact the whole way through. She was brill!! If ever Natalie wasn t available, someone else could always help, and always seemed to know something about my application. Thanks for a great service!

21 19 DISCLAIMER This document and its contents do not constitute or form part of a prospectus or any offer or invitation to sell or to issue, or any solicitation of any offer to buy or subscribe for any ordinary shares in the Company nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, nor constitute any contract therefore. Neither the Company or any of its respective directors, officers or employees give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information and expressions of opinion contained in this document. This document is for distribution only in the United Kingdom to persons to whom the financial promotion restriction in s21(1) Financial Services and Markets Act 2000 does not apply by virtue of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529) (the Financial Promotion Order ). This document is directed at Investment Professionals as defined in article 19 of the Financial Promotion Order who have professional experience in matters relating to investments and who are also Qualified Investors as defined in s86(7) Financial Services and Markets Act Persons who do not have professional experience in matters relating to investments should not rely on this document. The contents of this document have not been approved by an authorised person. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any other such jurisdictions. In particular neither this document nor any copy of it may be taken to or transmitted into the United States of America or distributed, directly or indirectly, into the United States of America or to any US persons (as defined in Regulation S of the US Securities Act 1933 (as amended)) or into Australia, Canada, Japan or the Republic of South Africa.