FY 2018 and Q4-18 Results

Profit and Loss [Q4-18] BSP's NPAT declined slightly by 4.5% between Q3-18 and Q4-18 ... due to retrospective system license costs, driven by accounts growth. NPAT grew by 3.4% YOY [Q4-17 vs Q4-18] Total Income Operating costs Lending Write-NPAT offs PQ 3.1% 10.7% 31.4% (4.5%) YOY 5.7% 8.0% 11.6% 3.4% BSP GROUP QUARTERLY P&L [km] 525 504 555538 554 239 221 225 216 210 Key: PQ prior quarter = YOY year on year 201 197 218 ,221 208 19 18 11 16 21 Total Income Operating expense Lending Writeoffs NPAT HIGHLIGHTS Q4-18 operating income is 3.1% higher than Q3-18 ... largely due to higher FX income and BSP Life revaluation of investments. Total cost increased by 12.1% in Q4-18 due to retrospective license expenses associated with growth in accounts and write off of PNG computer equipment reaching end of life. Cost to income ratio increased to 43.1% in Q4 due to above cost factors. Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 FY 2018 and Q4-18 Results BSP 20 20

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