Oportun (OPRT) Responds to Comments by Findell Capital

Oportun (Nasdaq: OPRT) today issued a statement in response to recent comments made by Findell Capital Management, LLC (“Findell”):

“As described in detail in our investor presentation, Oportun has sought a resolution with Findell for months. We have delivered to Findell multiple formal proposals that involved changes to the Board’s composition, including as recently as the week before last. Findell has not responded to this latest offer.

The Board’s decision to reduce the number of directors and rebalance the Board’s skills and experience, including the decision not to nominate incumbent Lead Independent Director Neil Williams and director Scott Parker, was the result of careful review of the Board’s expertise and needs and reflects stockholder feedback. Both Mr. Williams and Mr. Parker are former public company Chief Financial Officers; the Board has three other directors with similar backgrounds in finance and accounting.

The Company remains committed to engaging constructively with Findell and willing to resolve the proxy contest on terms that serve the best interests of all our stockholders.”

About Oportun

Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.

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