INTERNATIONAL PERSONAL FINANCE - Decision of the Polish Office of Consumer Protection and Competi...

| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
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| | | | | UNI - EN REPORT No | 98 | / | 2013 | | | | |
| | Date of issue: | 2013-12-24 | | | | | | | | | |
| | Short name of the issuer | | | | | | | | | | |
| | INTERNATIONAL PERSONAL FINANCE | | | | | | | | | | |
| | Subject | | | | | | | | | | |
| | Decision of the Polish Office of Consumer Protection and Competition | | | | | | | | | | |
| | Official market - legal basis | | | | | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne | | | | | | | | | | |
| | Unofficial market - legal basis | | | | | | | | | | |
| | Contents of the report: | | | | | | | | | | |
| | 24 December 2013 INTERNATIONAL PERSONAL FINANCE PLC DECISION OF THE POLISH OFFICE OF CONSUMER PROTECTION AND COMPETITION Yesterday afternoon, IPF?s Polish business received a notice from the Polish Office of Consumer Protection and Competition stating that the way it calculates APR amounts to a collective infringement of consumer interests and subjecting it to a fine of around PLN 12,000,000 (approx. ?2,400,000). The Office believes that the fee for the optional home collection service and an additional preparatory fee associated therewith should be included in the total cost of credit and, therefore, the APR figure. On the basis of legal advice received, we believe that we are correctly calculating the total cost of credit and APR and are planning to appeal the decision. The deadline for doing so is 7th January 2014. The decision would then go through the court appeal process and it is likely to be a number of months before a final ruling is received. At this stage, it is not possible to estimate the
impact, if any, a final negative ruling might have on IPF's Polish business. We will continue to review the position and a further announcement will be made as appropriate. Enquiries: Ben Murphy (Group Legal Director & Company Secretary) +44 (0) 113 285 6890 | | | | | | | | | | |
| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

| | | INTERNATIONAL PERSONAL FINANCE PLC | | | | | |
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| | | (fullname of the issuer) | | | | | |
| | | INTERNATIONAL PERSONAL FINANCE | | Finanse inne (fin) | | | |
| | | (short name of the issuer) | | (sector according to clasification of the WSE in Warsow) | | | |
| | | LS11 5BD | | Leeds | | | |
| | | (post code) | | (city) | | | |
| | | Building Three Leeds City Office Park Meadow Lane | | | | | |
| | | (street) | | (number) | | | |
| | | +44 113 285 6700 | | +44 113 245 1675 | | | |
| | | (phone number) | | | (fax) | | |
| | | (e-mail) | | | (web site) | | |
| | | 911347253 | | | | | |
| | | (NIP)
| | | (REGON) | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY