An anonymous director reports

HOME CAPITAL CLOSES TRANCHE OF COMMERCIAL MORTGAGE ASSET SALE AND ANNOUNCES EARLY PAYOUT OF A RETAIL CONSUMER LOAN PORTFOLIO

Home Capital Group Inc. has received proceeds of approximately $225-million for the closing of certain commercial mortgage assets sold as previously announced. The company expects to receive further proceeds during the third quarter as the next tranche of the transaction is completed.

In addition, the company has received an early payout with respect to one of its retail consumer loan portfolios for a principal value of approximately $82-million.

Proceeds from the closing of these transactions will be used to reduce the amount outstanding on the company's $2-billion credit facility. The amount drawn on the credit facility stood at approximately $1.4-billion outstanding as of July 5, 2017.

About Home Capital Group Inc.

Home Capital Group is a public company traded on the Toronto Stock Exchange, operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank.

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