BRIEF-Wonga Group To Place Wonga Group Ltd, WDFC UK,…

Aug 30 – Wonga Group:

* DECISION HAS BEEN TAKEN TO PLACE WONGA GROUP LIMITED, WDFC UK LIMITED, WONGA WORLDWIDE LIMITED AND WDFC SERVICES LIMITED INTO ADMINISTRATION

* BOARDS OF ENTITIES HAVE ASSESSED ALL OPTIONS REGARDING FUTURE OF GROUP, HAVE CONCLUDED IT IS APPROPRIATE TO PLACE BUSINESSES INTO ADMINISTRATION

* CHRIS LAVERTY, DANIEL SMITH AND ANDREW CHARTERS OF GRANT THORNTON UK LLP ARE IN PROCESS OF BEING APPOINTED AS JOINT ADMINISTRATORS

* WONGA´S OVERSEAS BUSINESSES CONTINUE TO TRADE AND ARE NOT PART OF THIS ANNOUNCEMENT

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