DFC Global Announces Acquisition of 27 Pawn Lending and Gold Buying Stores in Spain for $6M

DFC Global Corp.

, a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced the acquisition of Monte Caja Oro, a chain of 27 stores primarily located in the Andalusian and Catalonian regions of Spain, which brings the Company's total store count in the country to 58 locations. The acquired stores primarily offer pawn lending on gold jewelry, as well as gold buying services. The total purchase price of the transaction at closing was approximately $6.0 million in addition to payment for the value of the pawn pledge inventory. The acquisition is expected to be immediately accretive to earnings. “As with our entry into the United Kingdom in 1999 with the acquisition of nine stores, we are well on the way to building a national multi-product, multi-channel brand in Spain,” said Jeff Weiss, the Company's Chairman and Chief Executive Officer. “We have a proven model of entering new markets through the acquisition of select stores and later expanding our product offerings, including offering unsecured short-term loans and Western Union money transfers. This acquisition is another step in bolstering our position as the leading secured pawn lender in Europe. With our current expansionary efforts in Spain, Poland, the Czech Republic and Romania – countries with a combined population of 117 million, nearly double that of the U.K., with attractive operating characteristics and a substantially underserved populace – we believe continental Europe represents significant potential to drive top and bottom line growth for the company while helping to further diversify our geographic concentration and product portfolio.” U.K. Update “Given recent developments in the United Kingdom, we wanted to provide a little more color to the investment community on our current position,” added Mr. Weiss. “What we are seeing today in the U.K. as it transitions to a regulated mainstream marketplace for short-term credit products is very similar to what we previously encountered in the United States and Canada, both markets where caps were eventually placed on rates or the total cost of credit. Those markets are now highly regulated and we operate very successfully in both countries. We endorse regulatory efforts to ensure consumers are appropriately protected and believe we are well-positioned through our market-leading position and our significant investment in manual collections infrastructure to thrive in a tightly regulated U.K. market. While the landscape remains very fluid, we believe going forward it would be best to reserve additional comments on the U.K. regulatory environment until final regulations are promulgated.” About DFC Global Corp. DFC Global Corp. is a leading international non-bank provider of alternative financial services, principally unsecured short term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards, serving primarily unbanked and under-banked consumers through its approximately 1,500 current retail storefront locations and its multiple Internet platforms in ten countries across Europe and North America: the United Kingdom, Canada, the United States, Sweden, Finland, Poland, Spain, Romania, the Czech Republic and the Republic of Ireland. The Company's networks of retail locations in the United Kingdom and Canada are the largest of their kind by revenue in each of those countries. For more information, please visit the Company's website at www.dfcglobalcorp.com. The Company believes that its customers, many of whom receive income on an irregular basis or from multiple employers, choose to conduct their personal financial business with the Company rather than with banks or other financial institutions due to the range and convenience of services that it offers, the multiple ways in which they may conduct business with the Company and its high-quality customer service. The Company's products and services, principally its unsecured short-term consumer loans, secured pawn loans and check cashing and gold buying services, provide customers with convenient access to cash for living expenses and other needs. In addition to these core offerings, the Company strives to offer its customers additional high-value ancillary services, including Western Union® money orders and money transfers, reloadable VISA® and MasterCard® prepaid debit cards and foreign currency exchange. Forward-Looking Statements This news release contains forward-looking statements, including, among other things, statements regarding the following: the Company's future results, growth, guidance and operating strategy; the global economy; the effects of currency exchange rates and fluctuations in the price of gold on reported operating results; the regulatory environment in Canada, the United Kingdom, the United States, Scandinavia and other countries; recent acquisitions and their expected benefits; the impact of future development strategy, new stores and acquisitions; litigation matters; financing initiatives; and the performance of new products and services. These forward-looking statements involve risks and uncertainties, including risks related to: the regulatory environments of the jurisdictions in which we do business, including reviews of our operations principally by the CFPB in the United States and the Office of Fair Trading and Financial Conduct Authority in the United Kingdom, the effect of legislation in Finland that will restrict our business in that country, and other changes in laws affecting how we do business and the regulatory bodies which govern us; current and potential future litigation; the identification of acquisition targets; the integration and performance of acquired stores and businesses; the performance of new stores and internet businesses; the impact of debt and equity financing transactions; the results of certain ongoing income tax appeals; the effects of new products and services, or changes to our existing products and services, on the Company's business, results of operations, financial condition, prospects and guidance; and uncertainties related to the effects of changes in the value of the U.S. Dollar compared to foreign currencies. There can be no assurance that the Company will attain its expected results, successfully integrate and achieve anticipated synergies from any of its acquisitions, obtain acceptable financing, or attain its published guidance metrics, or that ongoing and potential future litigation or the various U.S. Federal or state, U.K., or other foreign legislative or regulatory activities affecting the Company or the banks with which the Company does business will not negatively impact the Company's operations. A more complete description of these and other risks, uncertainties and assumptions is included in the Company's filings with the Securities and Exchange Commission, including those described under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the Company's fiscal year ended June 30, 2013. You should not place any undue reliance on any forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.