Thorn Group Ltd - Results Presentation - Half Year Ended 30 September 2018

Corporate and other costs Sep-18 Mar-18 Sep-17 % Change Corporate HO costs $m (8.0) (7.5) (7.3) (9.0%) Goodwill Impairment $m - - (20.7) 100.0% Financing Expenses $m (7.3) (8.8) (6.9) (5.8%) Tax $m (1.1) (1.8) (4.0) 72.7% • Corporate costs up 9% on pcp as elevated costs for defending the class action, insurance cover and redundancies. • Interest and the amortization of borrowing costs rose 6% on pcp. • Although the overall debt volume fell, the cost of that debt rose with increases in credit spread (including new mezzanine level debt at higher spreads) and new establishment and advisory fees. • Tax at standard corporate tax rate. 13 7.3 7.5 8.0 6.9 8.8 7.3 4.4 1.8 1.1 - 4.0 8.0 Sep-17 Mar-18 Sep-18 ($m) Corporate Expenses (excl. Goodwill Impairment) EBIT Financing Expense Tax