Sale of Stake in Brainworks & Repurchase of Shares

17 June 2015

Atlas Mara Sells Stake in Brainworks and Repurchases 665,195 Ordinary Shares

Atlas Mara Limited ("Atlas Mara" or the "Company"), the sub-Saharan African financial services group, today announces that it has sold its 10.1% stake in Brainworks Capital Management (Private) Limited ("Brainworks"), the Zimbabwe-focused private equity and advisory firm, for $8.72 million, which represents a multiple of 1.4 times Brainworks' 2014 reported book value. This transaction is consistent with Atlas Mara's focus on its sub-Saharan African banking operations and strategy of selling non-core investments acquired in connection with its acquisition of ADC African Development Corporation AG.

ADC Financial Services & Corporate Development ("ADC FS"), an indirectly wholly-owned subsidiary of Atlas Mara, has entered into an agreement with a third party whereby ADC FS has agreed to sell its Brainworks stake in exchange for approximately $3.1 million in cash and 665,195 Atlas Mara ordinary shares. The implied price per Atlas Mara share of $8.46 was determined based on the 90-day volume weighted average price as at the date initial transaction terms had been agreed by the parties. The transaction is subject to selected closing conditions and is expected to be completed by 30 June 2015.

Contact Details

Investors

Brad Gibbs, +971 4325 3745

Kojo Dufu, +1 212 883 4330

Media

StockWell Communications, +44 (0)20 7240 2486

Anthony Silverman

Robert Morgan

About Atlas Mara

Atlas Mara was formed by Bob Diamond, CEO and Founder of Atlas Merchant Capital LLC, and Ashish J. Thakkar, Founder of Mara Group Holdings Limited. Atlas Mara's vision is to create sub-Saharan Africa's premier financial services institution through a combination of its experience, expertise and access to capital, liquidity and funding. The goals are to combine the best of global institutional knowledge with extensive local insights and to support economic growth and financial inclusion in the countries in which the Company operates.