Mr. Greg Feller reports

EXPERIENCED FINANCIAL SERVICES PROFESSIONAL SHIRLEY CHEN JOINS MOGO AS TREASURER

Shirley Chen, CFA, CPA, CGA, MBA, has joined Mogo Finance Technology Inc. in the newly created role of treasurer based in Mogo's Toronto office. Ms. Chen has more than 15 years of financial management experience, the past 10 in progressively senior treasury roles, including at ING Direct Bank and Street Capital Financial. During her career, she has led or been directly involved in $20-billion of asset-backed securitization.

Ms. Chen joins Mogo during a period of rapid growth and is one of several senior professionals who have recently joined the company from traditional financial services companies.

"We're thrilled to add Shirley to the team," said Greg Feller, president and chief financial officer of Mogo. "Her experience developing and scaling a multibillion-dollar securitization program, as well as her seven years with one of the world's first on-line banks, makes her an excellent fit with the Mogo team and strategy. As we pursue our vision of becoming the leading digital financial brand in Canada, we continue to invest in attracting a best-in-class team to execute on our vision."

Ms. Chen's addition also underscores Mogo's commitment to expand and diversify its sources of financing as it continues to grow its instalment loan portfolio within the broader $278-billion unsecured consumer loan market in Canada. Under Ms. Chen's direction, Mogo expects to develop marketplace lending and securitization programs, consistent with its stated plans to continue to lower its cost of capital.

"The future of financial services will be driven by digital innovation, and I'm excited to join a high-growth company that is very well positioned to capitalize on this trend and build the leading platform in Canada," said Ms. Chen.

Most recently, Ms. Chen served as vice-president, treasury, at Street Capital Financial, one of the largest non-bank mortgage lenders in Canada. Previously, she spent seven years with ING Direct Bank, most recently as director, finance. Among other accomplishments at ING, she successfully led the securitization project for the bank and established the accounting framework and administration policies and procedures for mortgage-backed securitization transactions and intercompany securitization transactions, which enhanced the source of financing and liquidity position for the bank. Ms. Chen has also held senior roles with Coventree Capital and Maple Trust Company.

Ms. Chen is a chartered professional accountant and chartered financial analyst. In addition, she received her master of business administration (finance) from Nankai University, China.

We seek Safe Harbor.