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R E S U L T S P R E S E N T A T I O N T O 3 1 S T M A R C H 2 0 1 9 2 D I S C L A I M E R This presentation has been prepared by Augmentum Fintech This presentation does not constitute or form any part of, and Neither this presentation nor

  1. R E S U L T S P R E S E N T A T I O N T O 3 1 S T M A R C H 2 0 1 9

  2. 2 D I S C L A I M E R This presentation has been prepared by Augmentum Fintech This presentation does not constitute or form any part of, and Neither this presentation nor its contents may be distributed, Management Limited ("Augmentum"), which is authorised and should not be construed as, an offer or invitation or other published or reproduced, in whole or in part, by you or any regulated by the United Kingdom Financial Conduct Authority, solicitation or recommendation to purchase or subscribe for other person for any purpose. In particular, neither this for information and discussion purposes only and should not any securities. No reliance may be placed for any purpose presentation nor any copy of it may be: (i) taken or transmitted be considered to be an offer or solicitation of an offer to buy whatsoever on the information, representations or opinions into the United States of America; (ii) distributed, directly or or sell shares in the capital of Augmentum Fintech plc (the contained in this document, and no liability is accepted for indirectly, in the United States of America or to any US person "Company"). In particular, this document does not constitute any such information, representations or opinions. This (within the meaning of regulations made under the Securities an offer to sell, or the solicitation of an offer to acquire or document does not constitute either advice or a Act 1933, as amended); (iii) subject to certain exceptions, subscribe for shares in the capital of the Company in any recommendation regarding any securities. Any persons who is taken or transmitted into Canada, Australia, New Zealand or jurisdiction where to do so would be unlawful. The information any doubt about the subject matter of this presentation should the Republic of South Africa or to any resident thereof; or (iv) in this presentation has not been fully verified and is subject to consult a duly authorised person. taken or transmitted into or distributed in Japan or to any material revision and further amendment without notice. resident thereof. Any failure to comply with these restrictions may constitute a violation of the securities laws or the laws of None of the Company, Augmentum or any other persons any such jurisdiction. The distribution of this document in This presentation has not been approved by an authorised makes any guarantee, representation or warranty, express or other jurisdictions may be restricted by law and the persons person in accordance with section 21 of the Financial implied, as to the accuracy, completeness or fairness of the into whose possession this document comes should inform Services and Markets Act 2000. As such this document is information and opinions contained in this document, and themselves about, and observe, any such restrictions. being made available only to and is directed only at: (a) none of the Company, Augmentum or any other person persons outside the United Kingdom; (b) persons having accepts any responsibility or liability whatsoever for any loss professional experience in matters relating to investments howsoever arising from any use of this document or its The value of investments and the income from them can fall falling within Article 19(5) of the Financial Services and contents or otherwise arising in connection therewith. as well as rise. An investor may not get the amount of money Markets Act 2000 (Financial Promotion) Order 2005 (the he/she invests. Past performance is not a guide to future "Order"); or (c) high net worth bodies corporate, performance. In preparing this presentation, Augmentum has relied upon unincorporated associations and partnerships and trustees of and assumed, without independent verification, the accuracy high value trusts as described in Article 49(2) (A) to (C) of the and completeness of all information available from public By accepting this document or by attending any presentation Order, and other persons to whom it may otherwise lawfully sources or which was otherwise reviewed by Augmentum. to which this document relates you will be taken to have be communicated (all such persons together being referred to The information presented in this document may be based represented, warranted and undertaken that: (i) you are a as "relevant persons"). Any failure to comply with these upon the subjective views of Augmentum or upon third party relevant person; (ii) you have read and agree to comply with restrictions constitutes a violation of the laws of the United sources subjectively selected by Augmentum. Augmentum the contents of this disclaimer; and (iii) you will treat and Kingdom. The distribution of this presentation in or to persons believes that such third party sources are reliable, however no safeguard as strictly private and confidential all the subject to the laws of other jurisdictions may be restricted by assurances can be made in this regard. information contained herein and take all reasonable steps to law and persons into whose possession this document comes preserve such confidentiality. should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction. 2

  3. H I G H L I G H T S | S I N C E I P O Financial highlights at Annual Report 1 Operational highlights £1.5bn £94m Launch size of fund was £94m on 13 th March 2018 We have reviewed 675 opportunities, with a combined worth of >£1.5bn 28% 2 1.3% Unrealised annualised IRR of 28% on seed portfolio, taking value to £43m We made 9 new investments – just 1.3% of the opportunities that we have seen 109.6p 90% 10.7% uplift in NAV per share from 99 pence to 109.6 pence We have secured 90% of the deals where we have offered Term Sheets £450m Deployment since IPO … and have £450m of active Investment opportunities in our pipeline 75% 3 … with £15m We are 75% invested… earmarked for follow-on opportunities within existing portfolio 1 As of 31 st March, 2019; 2 Annualised as of 31 st March 2019 valuations; 3 At the 31 st March 2019 NAV 3

  4. O U R P R O F I L E C O N T I N U E S T O G R O W … 4

  5. T H E A U G M E N T U M T E A M A well-networked management team involved in some of Europe’s most attractive and compelling fintech businesses, with over 80 years of entrepreneurial, operational and investment experience M A N A G E M E N T T E A M Tim Levene Richard Matthews Martyn Holman Perry Blacher CEO COO • Fintech specialist • 5 years at Forward • Started career at • Started career at Advisor/Non Exec Partners and Oxford Bain & Co PwC (Fairpoint Plc, Onfido…) Capital Partners Co-founded LMAX • VC at Episode 1 & • • Founding employee • CFO of Flutter.com of Flutter.com which between 1999- Amadeus Capital exchange merged with Betfair 2001, raising $30m • VP International at Zulilly • Key member of early • Founded venture capital 2013 up to Nasdaq IPO Betfair team Augmentum in 2010 • Finance Director of • Founder/CEO of two • 6 years at The Boston flutter.com fl Consulting Group businesses sold to public • Young Global Benchmark Capital Leader at World • Partner at Manzanita companies (Serum 2002 Economic Forum Capital • & Covestor 2007) • Innovate Finance • Founded • McKinsey & Co in 1996, Global Ambassador Augmentum in 2010 Microsoft 1998 A D V I S O R Y PA N E L Edward Wray Philip Riese Bronek Masojada Josh Hannah • Co-Founder of Betfair • Former president • Co-founder of Flutter.com, CEO of Hiscox since • Prolific fintech investor, American Express • Silicon Valley entrepreneur 2000 which includes investments Consumer Card Group and investor Deputy Chairman of • in Funding Circle, LMAX, and chairman of American • General partner at Matrix Lloyd’s 2001-2007 Curve, Prodigy Finance, Express Centurion Bank Partners McKinsey & Co 1993- • Property Partner • Prolific fintech investor 1997 fl flutter.com om Marketplaces/Lending Payments/Banking Blockchain/Silicon Valley Insurance 5

  6. W H A T D I F F E R E N T I A T E S A U G M E N T U M ? 1 2 3 LISTED LI D STRUC UCTUR URE SE SECTOR SPE SPECIAL ALIST STS EU EUROP OPEA EAN FOC OCUS WITH UK K BIAS Access to the most exciting deals • • Patient capital We invest in Europe, where the fintech • Extensive network o opportunity is still in its nascency IRR driven • Proactive sourcing of deals o … and is being driven by the UK • • Liquidity in VC investing High conversion rate o More VC capital was invested in o Deep sector knowledge Ability to scale capital rapidly • • UK fintech in 2018 as the rest of We can cut through the noise o Self-sustaining at scale • Europe combined ($1.7bn) 1 Expertise across a variety of sub- o • Opens an emerging and hard to sectors We target post-seed fintechs and • access asset class for institutional and A team of operators • leverage our permanent capital to retail investors 80 years experience as tech o follow-through all the way to exit • Provides indirect exposure to public entrepreneurs and tech investors markets for portfolio companies Engaged investors, typically with o board oversight across each investee company 1 Innovate Finance 2018 FinTech VC Investment Landscape 6

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