IOU Financial Inc.’s Results for the Three and Nine Month Period Ended September 30, 2015

Montreal, November 23, 2015 – IOU FINANCIAL INC. (“IOU” or “the Company”; ticker symbol IOU/TSX-V), a leading online lender to small businesses, announced today its results for the three and nine month period ended September 30, 2015.

Loan originations for the third quarter ended September 30, 2015 were US$45 million, representing an increase of 108% over loan originations of US$21.6 million for the same period last year. For the nine month period ended September 30, 2015, IOU Financial originated US$110 million in loans, representing an increase of 66.2% over loan originations of US$66.2 million for the same period last year.

On September 30, 2015, IOU Financial’s total loans under management amounted to approximately $89.6 million as compared to $44.5 million for the same period last year, representing an increase of 101% over the same period in 2014. On September 30, 2015, the principal balance of the loan portfolio amounted to $21.1 million compared to $12.3 million for the same period last year, while the principal balance of IOU Financial’s servicing portfolio (loans being serviced on behalf of other parties) amounted to approximately $68.5 million compared to $32.2 million for the same period last year. IOU Financial recorded revenues for the quarter ended September 30, 2015 of $3.8 million versus $1.5 million for the quarter ended September 30, 2014, representing a 159% increase. For the nine month period ended September 30, 2015 IOU Financial recorded revenues of $9.3 million versus $4.3 million for the same period in 2014, representing an increase of 116%.

IOU Financial recorded net financial income before operating expenses for the quarter ended September 30, 2015 of $2.7 million versus $1.3 million for the quarter ended September 30, 2014, representing a 111% increase. For the nine month period ended September 30, 2015 IOU Financial recorded net financial income before operating expenses of $6.5 million versus $3.5 million for the same period in 2014, representing an increase of 87.4%. The Company closed its third quarter of 2015 with a net loss attributable to common shareholders of $929,100, or $0.02 per share, compared to a net loss of $170,825 or $0.01 per share during the same period of 2014. For the nine month period ended September 30, 2015, IOU Financial had a net loss attributable to common shareholders of $1.84 million or $0.05 per share (2014: $1.0 million or $0.02 per share).

For the quarter ended September 30, 2015, excluding non-recurring expenses that relate to the unsolicited takeover bid for the company, IOU Financial had net income attributable to common shareholders of $151,887. For the nine month period ended September 30, 2015, excluding non-recurring expenses that relate to the unsolicited takeover bid for the company, IOU Financial had a net loss attributable to common shareholders of $671,798.

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