Completion of Strategic Financing

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

September 1, 2017

ATLAS MARA LIMITED

Completion of Strategic Financing

Atlas Mara Limited ("Atlas Mara" or the "Company") is pleased to announce that the recent Placing and the Open Offer and investment from Fairfax Africa (the "Strategic Financing") completed on 31 August 2017.

The Company today updates the market that, as part of the Strategic Financing (comprising a Mandatory Convertible Bond and a Firm Placing and Open Offer), the Company's existing shareholders subscribed for 18,407,996 New Ordinary Shares in the Open Offer, and that Fairfax Africa's shareholding in the Company equals 70,758,670 ordinary shares. As a result, Fairfax Africa currently owns 42.4% of the ordinary shares in the capital of the Company.

The New Ordinary Shares issued under the Strategic Financing were admitted to trading on the Main Market of the London Stock Exchange PLC as a Standard Listing on 31 August 2017 at 8.00 a.m. The New Ordinary Shares rank pari passu in all respects with the Existing Ordinary Shares.

The Company now has 172,258,735 ordinary shares in issue, of which 1,977,096 are held in treasury and 3,298,298 shares continue to be held in escrow as part of the acquisition-related contingent consideration disclosed to the market on 1 July 2016.

Atlas Mara hereby confirms that the total number of voting rights in Atlas Mara equals 166,983,341. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Atlas Mara under the DTRs.

Contact Details

Investors Kojo Dufu +1 212 883 4330

MediaTeneo Blue Rubicon, Anthony Silverman +44 20 3757 9231

Financial Advisers

Citigroup Global Markets Limited is acting as Financial Adviser and Corporate Broker to the Company.

About Atlas Mara

Atlas Mara Limited (ATMA.L) is a financial services institution listed on the London Stock Exchange. Its vision is to create sub-Saharan Africa's premier financial services institution through organic and inorganic growth by combining the best of global institutional knowledge with extensive local insights. With a presence in seven sub-Saharan countries, Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, excellent customer service and accelerate financial inclusion in the countries in which the Company operates. For more information, visit http://atlasmara.com.

This announcement has been issued by and is the sole responsibility of Atlas Mara Limited.