This is our #6 Covid-19 update and I am happy to share with you our weekly news of TWINO Group. We are continuously supporting the borrowers in financial distress by offering restructuring options and new capital to them. At the same time, we are also thinking of ways how to give a direct impact and with that in mind – we will be launching a social campaign to support one of the Latvian hospitals. You will be able to take part in it by giving your donations, while we will also participate with TWINO capital – more information to follow.

TWINO Group’s activities:

• A Cashback campaign is live and you can earn an extra 1% by just investing with Auto invest tool. If you still have not enrolled in it, then it might be a great idea to do it now by going to your investor profile as there are only 5 days left;

• TWINO Ventures is going at full speed with the 1^st project being already more than 80% funded. We are also working on the next project and you will see more information soon;

• Our Finance team is doing its best to finalize the Standalone Audited Financial Statements of SIA TWINO (the parent company of TWINO Group) for the year 2019. I can already share with you that it was another profitable year for us with an unaudited net profit of nearly €4 million,which is even slightly more than back in 2018. Furthermore, also the consolidated financial results will be audited, which will give you even more detailed overview of TWINO Group’s operations

We see the situation in our lending markets as being stable based on the metrics that we keep on monitoring daily:

1. In Russia, we see no changes from the usual loan repayment and extension trends. There is a slight uptick (less than 1%) in the number of borrowers applying for loan restructuring compared to March data, yet it is still in line with the average value for Q1 2020;
2. In the middle of March, we saw a minor increase in delayed loans in Poland. With that in mind, we decided to introduce new extension/ restructuring options to help to repay these loans. After these changes the situation has stabilized and we see no further increase in delayed loans, as more borrowers apply for loan restructuring thus decreasing their monthly payables;
3. In Latvia, we have not witnessed an increase in late borrower repayments. However, we have made proactive steps by introducing a new way to partially extend the loan repayments if the borrower and our credit risk team find it as the best scenario.

• We have further strengthened our fraud alert system in order to minimize any lending frauds that might increase due to global uncertainty and financial challenges that people face.

In case of any specific questions do not hesitate to contact us.