DGAP-News: GRENKELEASING AG / Key word(s): Miscellaneous GRENKELEASING AG: GRENKE Group's new business growth in 2015 surpasses the Company's own expectations in all segments 05.01.2016 / 07:42 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- GRENKE Group's new business growth in 2015 surpasses the Company's own expectations in all segments - GRENKE Group Leasing's new business in 2015 totalled EUR 1,359.9 million for a year-on-year rise of 20.1% - GRENKE Group Factoring's new business in 2015 reached EUR 324.6 million for a year-on-year increase of 55.5% - GRENKE Bank's business start-up financing in 2015 reached EUR 19.6 million for year-on-year growth of 72.8% Baden-Baden, January 5, 2016: In 2015, the new business volume of GRENKE Group Leasing (including franchise partners) - that is, the total acquisition cost of newly purchased leased assets - amounted to EUR 1,359.9 million (2014: EUR 1,132.8 million), corresponding to a rise of 20.1%. As a result, we exceeded our growth forecast of 11 - 15%. GRENKE Group Factoring's new business (including franchise partners) - that is, the total of purchased receivables - amounted to EUR 324.6 million (2014: EUR 208.8 million) in 2015. This is equivalent to a 55.5% increase. The new business volume of the GRENKE Group (including franchise partners) amounted to EUR 1,704.1 million (2014: EUR 1,352.9 million) for growth of 26.0%. The contribution margin 2 of the Leasing segment's new business reached EUR 245.5 million in 2015 (2014: EUR 218.4 million) amounting to a rise of 12.4%. The CM2 margin of the Leasing segment in 2015 was 18.1% (2014: 19.3%). The CM1 margin (contribution margin 1 at acquisition values) of the Leasing segment totalled 13.5% in 2015 and achieved a value of EUR 184.2 million (2014: 13.7% or EUR 154.8 million). The attractive contribution margin resulted from the consistent application of our business model, our targeted entry into new markets and the ongoing favourable interest rate environment. The international share of GRENKE Group's new business in 2015 amounted to 71.7% compared to 70.1% in the previous year's period. Our Leasing segment's new business in our home market of Germany increased again (18.3%) from an already high level. We generated double-digit growth (10.3%) in our core market of France despite intense competition. The growth trend also continued in our other key markets, Italy (40.6%), the UK (14.6%) and Switzerland (25.0%). In 2015, we completed five cell divisions and now have 28 locations in Germany and a total of 85 locations internationally. In the fourth quarter of 2015, we entered our first market in South East Asia with the conclusion of a franchise contract in Singapore. In our Factoring segment, we completed our entry into the Irish market. In 2015, the GRENKE Group recorded 355,273 lease applications (289,578 thereof were international), which generated 159,000 new lease contracts (125,469 thereof were international). The mean term per lease contract amounted to EUR 8,553 and was moderately higher than its level in the previous year (2014: EUR 8,163) but was still at a low level, which is typical for our business. In 2015, the GRENKE Group's (Leasing segment) conversion rate (applications into contracts) was 45%. The conversion rate in our international markets was 43%, which was lower than the rate in the German market (51%). In the Factoring segment, we achieved a 55.5% rise in new business volume. The income margin on the EUR 124.1 million in new business volume generated in Germany was 2.08% (2014: 2.01%). The income margin on new business volume of EUR 200.6 million generated in our international markets amounted to 1.36% (2014: 1.92%). This margin relates to the average period for a factoring transaction in Germany of approximately 39 days (2014: approx. 34 days) and 25 days in our international markets (2014: approx. 21 days). The development of GRENKE Bank's business start-up financing, including the microcredit business, was more than favourable growing 72.8% in comparison to the previous year and reached a total volume of EUR 19.6 million. All figures are stated in EUR million (previous year's figures have been adjusted)

New business                                2015        2014     % change
GRENKE Group leasing                     1,359.9     1,132.8         20.1
- of which: International                  994.2       832.5         19.4
- of which: Franchise international         27.3        14.2         91.7
- of which: Germany                        338.4       286.1         18.3
Western Europe* (without Germany)          443.2       389.9         13.7
Southern Europe*                           347.7       264.1         31.6
Northern/Eastern Europe*                   208.6       179.6         16.2
Other regions*                              22.1        13.0         69.5

New business                                2015        2014       % change
GRENKE Group factoring                     324.6       208.8           55.5
- of which: Germany                        124.1       106.8           16.2
- of which: International                  154.6        70.8          118.5
- of which: Franchise international         45.9        31.2           47.3

GRENKE Bank                              2015         2014        % change
Deposits                                349.3        300.4            16.3
New business start-up financing          19.6         11.3            72.8

(including the microcredit business) Development of contribution margin 2 in EUR million (previous year's figures have been adjusted)

                                           2015        2014       % change
GRENKE Group leasing                      245.5       218.4           12.4
- of which: International                 193.7       175.0           10.7
- of which: Franchise international         5.0         2.8           77.7
- of which: Germany                        46.8        40.6           15.2
Western Europe* (without Germany)          85.3        78.9            8.1
Southern Europe*                           70.2        60.4           16.3
Northern/Eastern Europe*                   39.2        36.0            8.8
Other regions*                              4.0         2.5           59.1

*Regions: Western Europe (without Germany): Austria, Belgium, France, Luxembourg, The Netherlands, Switzerland Southern Europe: Croatia, Italy, Malta, Portugal, Slovenia, Spain Northern/Eastern Europe: Denmark, Finland, Ireland, Norway, Sweden, UK / Czech Republic, Hungary, Poland, Romania, Slovakia Other regions: Brazil, Canada, Chile, Dubai, Singapore, Turkey In view of the resolution to be taken by the Annual General Meeting on the appropriation of the retained earnings for fiscal year 2015, the Company is considering offering its shareholders the option again of receiving the dividend, in whole or in part, in the form of Company shares or entirely in the form of a cash dividend. As part of the GRENKE Group, GRENKE Bank made a strategic investment in Cash Payment Solutions GmbH - Barzahlen.de, which enables invoices from various industries to be paid in cash at partner branch offices of German retailers as well as ingoing and outgoing payments. Gesellschaft für Bonitätsbeurteilung mbH ("GBB") confirmed the GRENKE Consolidated Group's "high creditworthiness" in its rating dated December 16, 2015. Based on the Consolidated Group's ongoing positive business development, its solid equity base and the declining trend in its loss rate, GBB raised its rating from "A-", to "A" with an unchanged stable outlook. "In the fourth quarter we continued to achieve extraordinary growth. Our leasing business alone rose 20% year-on-year. GRENKE Group closed the year 2015 successfully in all segments. Not only did we continue to diversify geographically by opening a location in Singapore - our first location in South East Asia - but we also continued to rigorously expand our product range. As part of the GRENKE Group, GRENKE Bank made an investment in Berlin-based Cash Payment Solutions GmbH, which offers it services under www.barzahlen.de. Now GRENKE Bank's customers have the opportunity to access a payment infrastructure with over 9,000 partner retail outlets to make ingoing and outgoing payments", commented Wolfgang Grenke, Chairman of the Board of Directors of GRENKELEASING AG. "During the 2015 fiscal year, we expanded our refinancing basis and took advantage of a broad range of instruments. We put our position in the capital market to the test with our placement of a bond in December totalling over EUR 100 million with an interest coupon of 1.375% and a term of roughly 5 years. Our successful approach was recently confirmed by the rating received by Gesellschaft für Bonitätsbeurteilung ("GBB"), who in December raised our credit rating from "A-", to "A" with a stable outlook. Not only a strong financial position but also a strong equity base is very important for the GRENKE Group. Therefore, at this year's Annual General Meeting, we are considering the option to offer GRENKE's shareholders a scrip dividend once again as attractive opportunity to increase their investment in GRENKE.", explained Jörg Eicker, Chief Financial Officer (CFO) of GRENKELEASING AG. On February 10, 2016, the Company will publish its detailed Annual Financial Report as per December 31, 2015. Should you have any queries, please contact: GRENKELEASING AG Corporate Communications / Investor Relations Renate Hauss Neuer Markt 2 76532 Baden-Baden, Germany Tel.: +49 7221 5007-204 E-mail: [email protected] Internet: http://www.grenke.de The GRENKE Group The GRENKE Group is a broadly diversified provider of IT-based services in Small-Ticket-IT-Leasing, Factoring and Banking for small and medium-sized companies. In addition, the GRENKE Bank offers its classic online services also to private customers. The GRENKE Group is independent of vendors and banks and holds a leading market position in Europe in the field of small-ticket IT leasing for products such as PCs, notebooks, copiers, printers, or software of relatively low asset value. The GRENKE Group operates in 30 countries and employs more than 1100 staff. GRENKELEASING AG is listed in the Prime Standard of the Frankfurt Stock Exchange and is included in the SDAX. GRENKELEASING AG shares are listed on the Frankfurt Stock Exchange with the code GLJ, ISIN DE000A161N30. Information on the GRENKE Group and its products is available at http://www.grenke.de --------------------------------------------------------------------------- 05.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GRENKELEASING AG Neuer Markt 2 76532 Baden-Baden Germany Phone: +49 (0)7221 50 07-204 Fax: +49 (0)7221 50 07-4218 E-mail: [email protected] Internet: www.grenke.de ISIN: DE000A161N30 WKN: A161N3 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 426937 05.01.2016