----

----

| INTRODUCTION                                                                                                             |   |   | 4  |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|--------|----|--------|
| BUSINESS PROFILE AND STRATEGY                                                                                            |   |   | 4  |   |
|     Accelerate Direct Lending Model                                                                  |   |   | 5  |   |
|     Introduce Additional New Products and Services                                                   |   |   | 5  |   |
|     Continue to Grow Canadian Operations                                                             |   |   | 5  |   |
|     Pursue International Expansion                                                                   |   |   | 5  |   |
|     Selected Annual Information                                                                      |   |   | 6  |   |
| OVERALL FINANCIAL PERFORMANCE                                                                                            |   |   | 7  |   |
|     2011 Highlights and Outlook                                                                      |   |   | 7  |   |
| SELECTED FINANCIAL INFORMATION                                                                                           |   |   | 10 |   |
| FINANCIAL ANALYSIS                                                                                                       |   |   | 10 |   |
|     Branch Count                                                                                     |   |   | 11 |   |
|     Revenue                                                                                          |   |   | 11 |   |
|     Same Branch Revenues                                                                             |   |   | 14 |   |
|     Branch Operating Income                                                                          |   |   | 14 |   |
|     Expenses (excluding retention payments, depreciation, amortization and class action settlements) |   |   | 15 |   |
|     Retention Payments                                                                               |   |   | 15 |   |
|     Depreciation and Amortization                                                                    |   |   | 16 |   |
|     Income Taxes                                                                                     |   |   | 16 |   |
| LIQUIDITY AND CAPITAL RESOURCES                                                                                          |   |   | 16 |   |
|     Consumer Loans Receivable                                                                        |   |   | 16 |   |
|     Normal Course Issuer Bid                                                                         |   |   | 17 |   |
|     Contractual Obligations                                                                          |   |   | 17 |   |
| SUMMARY OF QUARTERLY RESULTS                                                                                             |   |   | 18 |   |
|     Fourth Quarter                                                                                   |   |   | 18 |   |
| RELATED PARTY TRANSACTIONS                                                                                               |   |   | 21 |   |
| RISK FACTORS AFFECTING PERFORMANCE                                                                                       |   |   | 21 |   |
|     Consumer Protection Regulations                                                                  |   |   | 22 |   |
|     Legal Proceedings                                                                                |   |   | 24 |   |
|     Third Party Lenders/Retention Payments                                                           |   |   | 25 |   |
| CRITICAL ACCOUNTING ESTIMATES                                                                                            |   |   | 26 |   |
|     Revenue Recognition                                                                              |   |   | 26 |   |
|     Retention Payments                                                                               |   |   | 26 |   |
|     Provisions for Loan Losses                                                                       |   |   | 27 |   |
|     Stock Based Compensation                                                                         |   |   | 28 |   |
|     Consumer Loans Receivable                                                                        |   |   | 28 |   |
|     Income Tax Estimates and Future Income Taxes                                                     |   |   | 28 |   |
|     Long-term investments                                                                            |   |   | 28 |   |
|     Amortization Policies and Useful Lives                                                           |   |   | 28 |   |
|     Intangible Assets                                                                                |   |   | 29 |   |
|     Goodwill                                                                                         |   |   | 29 |   |
|     Accounting for the Impairment of Long-Lived Assets                                               |   |   | 30 |   |
|     Leases                                                                                           |   |   | 30 |   |

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|     Contingencies                                                          |   |   | 30 |   |
|------------------------------------------------------------------------------------------------|--------|--------|----|--------|
| CHANGES IN ACCOUNTING POLICIES AND PRACTICES                                                   |   |   | 30 |   |
| RECENT ACCOUNTING PRONOUCEMENTS NOT YET ADOPTED                                                |   |   | 30 |   |
|     International Financial Reporting Standards                            |   |   | 30 |   |
| CONTROLS AND PROCEDURES                                                                        |   |   | 30 |   |
|     Evaluation of disclosure controls and procedures                       |   |   | 30 |   |
|     Management’s Report on Internal Control over Financial Reporting |   |   | 31 |   |
|     Changes in Internal Control Over Financial Reporting                   |   |   | 31 |   |
| OUTSTANDING SHARE DATA                                                                         |   |   | 31 |   |
| DIVIDENDS                                                                                      |   |   | 32 |   |
| OTHER                                                                                          |   |   | 32 |   |
|     Cautionary Statement Regarding Forward-looking Information             |   |   | 32 |   |
|     Non-GAAP Measures                                                      |   |   | 33 |   |
|     EBITDA Reconciliation                                                  |   |   | 33 |   |

----

----

----

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|   | • | Reducing our cost of capital. |
|--------|---------|-------------------------------|

|   | • | Providing superior service in relation to existing product offerings; and |
|--------|---------|---------------------------------------------------------------------------|

|   | • | Accelerating revenue growth through further new product initiatives. |
|--------|---------|----------------------------------------------------------------------|

|   | • | Maximizing the potential of our expanding branch network; |
|--------|---------|-----------------------------------------------------------|

|   | • | Continuing to focus on improving Branch Operating Income (“BOI”) margins for all our branches; |
|--------|---------|------------------------------------------------------------------------------------------------------------|

|   | • | Continuing to educate, motivate and improve the performance of our associates through an integrated communication and training strategy that includes Cash Store Financial College, Cash Store FinancialTV and our annual President’s Forum with every branch manager; and |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Providing strong leadership through in-the-field, hands-on involvement of senior management and getting back to the basics throughout the company. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Further expanding our position in the Canadian alternative financial services industry through organic growth into underserved communities based on new branch profitability or via the acquisition of existing operators. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Aggressive expansion of our network in the UK; and |
|--------|---------|----------------------------------------------------|

|   | • | Establish infrastructure in the UK to facilitate aggressive expansion. |
|--------|---------|------------------------------------------------------------------------|

----

----

|                                                                  |           |   | Twelve Months |    |   | Fifteen Months |   |    | Twelve Months |   |
|-----------------------------------------------------------------------|----------------|--------|---------------|---------|--------|----------------|--------|---------|---------------|--------|
| Thousands of dollars, except for per share amounts and branch figures |           |   | Ended         |    |   | Ended          |   |    | Ended         |   |
| Consolidated results                                                  |           |   | September 30  |    |   | September 30   |   |    | June 30       |   |
|                                                                  |           |   | 2011          |    |   | 2010           |   |    | 2009          |   |
| No. of branches                                                       | Canada         |   |          | 574     |   |           |   | 542     |          |   |   | 424 |   |
|                                                                  | United Kingdom |   |          | 12      |   |           |   | 2       |          |   |   | - |   |
|                                                                  |           |   |          | 586     |   |           |   | 544     |          |   |   | 424 |   |
| Revenue                                                               |           |   |          |    |   |           |   |    |          |   |   |   |   |
|     Loan fees                                     |           |   | $             | 136,623 |   |           | $      | 170,659 |          |   | $ | 122,572 |   |
|     Other income                                  |           |   |          | 53,276  |   |           |   | 49,859  |          |   |   | 27,933 |   |
|                                                                  |           |   |          | 189,899 |   |           |   | 220,518 |          |   |   | 150,505 |   |
|                                                                  |           |   |          |    |   |           |   |    |          |   |   |   |   |
| Branch expenses                                                       |           |   |          |    |   |           |   |    |          |   |   |   |   |
|     Salaries and benefits                         |           |   |          | 57,576  |   |           |   | 62,265  |          |   |   | 40,634 |   |
|     Retention payments                            |           |   |          | 26,786  |   |           |   | 28,167  |          |   |   | 17,988 |   |
|     Selling, general and adminstrative            |           |   |          | 17,518  |   |           |   | 21,673  |          |   |   | 17,326 |   |
|     Rent                                          |           |   |          | 18,216  |   |           |   | 17,868  |          |   |   | 11,300 |   |
|     Advertising and promotion                     |           |   |          | 5,440   |   |           |   | 5,535   |          |   |   | 3,971 |   |
|     Provision for loan losses                     |           |   |          | 2,559   |   |           |   | 788     |          |   |   | 49 |   |
|     Depreciation of property and equipment        |           |   |          | 6,803   |   |           |   | 7,006   |          |   |   | 4,679 |   |
|                                                                  |           |   |          | 134,898 |   |           |   | 143,302 |          |   |   | 95,947 |   |
| Branch operating income                                               |           |   |          | 55,001  |   |           |   | 77,216  |          |   |   | 54,558 |   |
|                                                                  |           |   |          |    |   |           |   |    |          |   |   |   |   |
| Regional expenses                                                     |           |   |          | 16,750  |   |           |   | 13,359  |          |   |   | 8,169 |   |
| Corporate expenses                                                    |           |   |          | 18,266  |   |           |   | 21,127  |          |   |   | 16,627 |   |
| Other amortization                                                    |           |   |          | 2,112   |   |           |   | 2,055   |          |   |   | 1,333 |   |
| Income before income taxes and class action settlements               |           |   |          | 17,873  |   |           |   | 40,675  |          |   |   | 28,429 |   |
| Class action settlements                                              |           |   |          | 3,206   |   |           |   | 2,915   |          |   |   | 6,910 |   |
| EBITDA *                                                              |           |   |          | 24,514  |   |           |   | 48,100  |          |   |   | 28,583 |   |
| Net income and comprehensive income                                   |           |   | $             | 9,042   |   |           | $      | 26,464  |          |   | $ | 14,647 |   |
| Weighted average number of shares outstanding                         |           |   |          |    |   |           |   |    |          |   |   |   |   |
| - basic                                                               |           |   |          | 17,259  |   |           |   | 16,913  |          |   |   | 17,958 |   |
| - diluted                                                             |           |   |          | 17,663  |   |           |   | 17,522  |          |   |   | 18,040 |   |
| Basic earnings per share                                              |           |   |          |    |   |           |   |    |          |   |   |   |   |
|     Net income and comprehensive income           |           |   | $             | 0.52    |   |           | $      | 1.56    |          |   | $ | 0.82 |   |
| Diluted earnings per share                                            |           |   |          |    |   |           |   |    |          |   |   |   |   |
|     Net income and comprehensive income           |           |   | $             | 0.51    |   |           | $      | 1.51    |          |   | $ | 0.81 |   |
| Consolidated Balance Sheet Information                                |           |   |          |    |   |           |   |    |          |   |   |   |   |
| Working capital                                                       |           |   | $             | 17,122  |   |           | $      | 14,980  |          |   | $ | 9,667 |   |
| Total assets                                                          |           |   |          | 121,839 |   |           |   | 115,045 |          |   |   | 83,796 |   |
| Total long-term liabilities                                           |           |   |          | 9,082   |   |           |   | 9,882   |          |   |   | 2,959 |   |
| Total liabilities                                                     |           |   |          | 34,493  |   |           |   | 31,690  |          |   |   | 17,944 |   |
| Cash dividends declared per share                                     |           |   |          | 0.46    |   |           |   | 0.54    |          |   |   | 0.20 |   |
| Shareholders' equity                                                  |           |   | $             | 87,346  |   |           | $      | 83,355  |          |   | $ | 65,852 |   |

----

----

| Thousands of dollars, except for per share amounts                             |                                                            | Three Months Ended |   |   |   Twelve Months Ended |   |   | Twelve Months Ended |   |   | Fifteen Months Ended |    |
|--------------------------------------------------------------------------------|-----------------------------------------------------------------|--------------------|--------|--------|----------------------------|--------|--------|---------------------|--------|--------|----------------------|---------|
| Consolidated results                                                           |                                                            | September 30       |   |   | September 30               |   |   | September 30        |   |   | September 30         |    |   | September 30 |   |
|                                                                           |                                                            |               | 2011   |   |                       | 2010   |   |                | 2011   |   |                 | 2010    |   |   | 2010 |   |
| Revenue                                                                        |                                                            |               | $      | 47,181 |                       |   | $      | 49,279              |   |   | $                    | 189,899 |   |   | $ | 178,982 |   |   | $ | 220,518 |   |
| Branch operating income                                                        |                                                            |               | 13,913 |   |                       |   | 16,640 |                |   |   | 55,001               |    |   |   | 61,592 |   |   |   | 77,216 |   |
| Net income                                                                     |                                                            |               |   |   |                       |   |   |                |   |   |                 |    |   |   |   |   |   |   |   |   |
|                                                                           | Before class action expenses net of normalized tax              |               |   | 2,035  |                       |   |   | 7,682               |   |   |                 | 11,277  |   |   |   | 22,867 |   |   |   | 28,508 |   |
|                                                                           | Net income and comprehensive income                             |               |   | 2,035  |                       |   |   | 7,682               |   |   |                 | 9,042   |   |   |   | 20,824 |   |   |   | 26,464 |   |
| Earnings before interest, taxes, depreciation, amortization, class action |                                                            |               |   |   |                       |   |   |                |   |   |                 |    |   |   |   |   |   |   |   |   |
|                                                                           | expenses and effective interest component of retention payments |               |   | 11,319 |                       |   |   | 16,476              |   |   |                 | 49,005  |   |   |   | 59,155 |   |   |   | 73,971 |   |
| Earnings before interest, taxes, depreciation and amortization                 |                                                            |               | 6,207  |   |                       |   | 11,132 |                |   |   | 24,514               |    |   |   | 37,375 |   |   |   | 48,100 |   |
| Diluted earnings per share                                                     |                                                            |               |   |   |                       |   |   |                |   |   |                 |    |   |   |   |   |   |   |   |   |
|                                                                           | Before class action expenses net of normalized tax              |               | $      | 0.12   |                       |   | $      | 0.42                |   |   | $                    | 0.64    |   |   | $ | 1.31 |   |   | $ | 1.63 |   |
|                                                                           | Net income and comprehensive income                             |               | $      | 0.12   |                       |   | $      | 0.42                |   |   | $                    | 0.51    |   |   | $ | 1.18 |   |   | $ | 1.51 |   |

|   | • | Revenue increased by 6.1% comparing the twelve months ended September 30, 2011 and 2010. For the year ended September 30, 2011 compared to the fifteen months ended September 30, 2010 overall revenue decreased by 13.9%; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Loan fees decreased slightly by 0.1% comparing the twelve months ended September 30, 2011 and 2010. The slight decrease is as a result of decreases in same branch loan volumes, same branch revenues as it relates to loan fees, rate compression in Manitoba, and Nova Scotia offset by 44 new branches. Loan fees were down 19.9% to $136.6 million for the year compared to $170.7 million for the fifteen months ended September 30, 2010 given decreases in same branch loan volumes, same branch revenues as it relates to loan fees, rate compression in Manitoba, Nova Scotia and Ontario and three fewer months of reported results given change inyear-end.  The effect of rate compression reduced our rates by 4.1%, 0.8% and 3.4% in Manitoba, Nova Scotia and Ontario respectively; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | • | Other revenue increased by 26.2% or $11.1 million when comparing the twelve months ended September 30, 2011 and 2010 reflecting continued success on our product diversification strategy.  As a percentage of total revenue, other revenue increased to 28.1% from 23.6% or a 19.0% increase when comparing the twelve month periods.When comparing the year ended September 30, 2011 to the fifteen months ended September 30, 2010 we grew other revenues by 6.9% to $53.3 million.  For the year ended September 30, 2011 other revenues was 28.1% of total revenue compared to 22.6% for the fifteen months ended September 30, 2010 or a 24.1% increase; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Loan volumes increased by 6.3% from $772.6 million comparing the twelve months ended September 30, 2011 and 2010, as a result of branch openings. Loan volumes for the year ended September 30, 2011 were down 12.5% to $821.4 million as compared to the fifteen month period ended September 30, 2010 as a result of reduced volumes, rate compression in Manitoba, Nova Scotia and Ontario and three fewer months of reported results due to the change in year-end; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Earnings decreased by $4.3 million for the year as a result of a drag on earnings from new branch openings; |
|--------|---------|-------------------------------------------------------------------------------------------------------------|

|   | • | Retention payments increased by $3.7 million or 16.1% comparing the twelve months ended September 30, 2011 and 2010 as a result of the effects of rate compression in the regulated provinces. Retention payments decreased by $1.4 million for the year ended September 30, 2011 when compared to the fifteen months ended September 30, 2010. The decrease is due to three fewer months of reported results given the change in year-end; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Provision for loan losses for on-balance sheet lending increased $1.8 million for the year ended September 30, 2011 compared to the fifteen months ended September 30, 2010 as a result of a full year’s lending compared to one quarter in the twelve months last year. Comparing the twelve months ended September 30, 2011 and 2010 the provision for loan losses increased by $1.8 million; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Branch selling, general and administration (“SG&A”) increased by 1.5% when comparing the twelve months ended September 30, 2011 and 2010.  During the year and for comparative quarters certain fees that were previously recorded as an increase to SG&A have been reclassified to other income.  Branch SG&A costs decreased $4.2 million for the twelve months ended September 30, 2011 compared to the fifteen months ended September 30, 2010 given cost containment measures at the branch level and three fewer months of reported results given the change in year-end; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Corporate expenses increased by 7.6% when comparing the twelve months ended September 30, 2011 and 2010 as a result of increased professional and legal fees, UK expansion costs, and increased corporate salary costs. Corporate expenses decreased by $2.9 million for the year ended September 30, 2011 when compared to the fifteen months ended September 30, 2010 due to three fewer months of reported results given the change in year-end offset by increased professional and legal fees, UK expansion, and increased corporate salary costs; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Regional expenses increased by 50.2% when comparing the twelve months ended September 30, 2011 and 2010 given enhancements to collection infrastructure, a reorganization at the regional and division vice president level and infrastructure additions in both Canada and the UK. Regional expenses increased by $3.4 million for the twelve months versus the fifteen months given enhancements to collection infrastructure, a reorganization at the regional and division vice president level, infrastructure additions in both Canada and the UK offset by three fewer months of reported results given the change in year-end; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | • | Revenues decreased in Manitoba and Nova Scotia by $2.3 million and $578,000 respectively for the twelve months as a result of rate compression; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Working capital increased by $2.1 million for the year ended September 30, 2011 compared to last year. |
|--------|---------|--------------------------------------------------------------------------------------------------------|

----

----

|                                                                             |           |               |         |    |   |         |   |    | Twelve Months |   |   | Twelve Months |   |   | Fifteen Months |    |
|----------------------------------------------------------------------------------|----------------|--------------------|--------------|---------|--------|--------------|--------|---------|---------------|--------|--------|---------------|--------|--------|----------------|---------|
| Thousands of dollars, except for per share amounts and branch figures            |           | Three Months Ended |         |    | Ended  |         |   | Ended   |          |   | Ended  |          |
| Consolidated results                                                             |           |               | September 30 |    |   | September 30 |   |    | September 30  |   |   | September 30  |   |   | September 30   |    |
|                                                                             |           |               | 2011         |    |   | 2010         |   |    | 2011          |   |   | 2010          |   |   | 2010           |    |
| No. of branches                                                                  | Canada         |               |         | 574     |   |         |   | 542     |          |   |   | 574           |   |   |           | 542     |   |   |   | 542 |   |
|                                                                             | United Kingdom |               |         | 12      |   |         |   | 2       |          |   |   | 12            |   |   |           | 2       |   |   |   | 2 |   |
|                                                                             |           |               |         | 586     |   |         |   | 544     |          |   |   | 586           |   |   |           | 544     |   |   |   | 544 |   |
| Loan volumes                                                                     |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
|     Loan fees included                                       |           |               | $            | 201,720 |   |         | $      | 216,027 |          |   | $      | 821,401       |   |   | $              | 772,617 |   |   | $ | 938,483 |   |
|                                                                             |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
| Revenue                                                                          |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
|     Loan fees                                                |           |               | $            | 33,552  |   |         | $      | 36,195  |          |   | $      | 136,623       |   |   | $              | 136,782 |   |   | $ | 170,659 |   |
|     Other income                                             |           |               |         | 13,629  |   |         |   | 13,084  |          |   |   | 53,276        |   |   |           | 42,200  |   |   |   | 49,859 |   |
|                                                                             |           |               |         | 47,181  |   |         |   | 49,279  |          |   |   | 189,899       |   |   |           | 178,982 |   |   |   | 220,518 |   |
|                                                                             |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
| Branch expenses                                                                  |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
|     Salaries and benefits                                    |           |               |         | 14,490  |   |         |   | 13,698  |          |   |   | 57,576        |   |   |           | 51,293  |   |   |   | 62,265 |   |
|     Retention payments                                       |           |               |         | 6,245   |   |         |   | 6,934   |          |   |   | 26,786        |   |   |           | 23,067  |   |   |   | 28,167 |   |
|     Selling, general and administrative                      |           |               |         | 4,156   |   |         |   | 4,545   |          |   |   | 17,518        |   |   |           | 17,262  |   |   |   | 21,673 |   |
|     Rent                                                     |           |               |         | 4,656   |   |         |   | 4,219   |          |   |   | 18,216        |   |   |           | 14,786  |   |   |   | 17,868 |   |
|     Advertising and promotion                                |           |               |         | 1,398   |   |         |   | 1,223   |          |   |   | 5,440         |   |   |           | 4,475   |   |   |   | 5,535 |   |
|     Provision for loan losses                                |           |               |         | 580     |   |         |   | 454     |          |   |   | 2,559         |   |   |           | 756     |   |   |   | 788 |   |
|     Depreciation of property and equipment                   |           |               |         | 1,743   |   |         |   | 1,566   |          |   |   | 6,803         |   |   |           | 5,751   |   |   |   | 7,006 |   |
|                                                                             |           |               |         | 33,268  |   |         |   | 32,639  |          |   |   | 134,898       |   |   |           | 117,390 |   |   |   | 143,302 |   |
| Branch operating income                                                          |           |               |         | 13,913  |   |         |   | 16,640  |          |   |   | 55,001        |   |   |           | 61,591  |   |   |   | 77,216 |   |
|                                                                             |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
| Regional expenses                                                                |           |               |         | 4,523   |   |         |   | 2,358   |          |   |   | 16,749        |   |   |           | 11,149  |   |   |   | 13,359 |   |
| Corporate expenses                                                               |           |               |         | 5,177   |   |         |   | 5,026   |          |   |   | 18,266        |   |   |           | 16,972  |   |   |   | 21,127 |   |
| Other depreciation and amortization                                              |           |               |         | 570     |   |         |   | 13      |          |   |   | 2,112         |   |   |           | 1,484   |   |   |   | 2,054 |   |
| Income before income taxes and class action settlements                          |           |               | 3,643        |    |   |         | 9,243  |    |          |   | 17,874 |          |   |   | 31,987         |    |   |   | 40,676 |   |
| Class action settlements                                                         |           |               |         | -       |   |         |   | -       |          |   |   | 3,206         |   |   |           | 2,915   |   |   |   | 2,915 |   |
| EBITDA *                                                                         |           |               |         | 6,207   |   |         |   | 11,132  |          |   |   | 24,514        |   |   |           | 37,375  |   |   |   | 48,100 |   |
| Net income and comprehensive income                                              |           |               | $            | 2,035   |   |         | $      | 7,682   |          |   | $      | 9,042         |   |   | $              | 20,824  |   |   | $ | 26,465 |   |
| Weighted average number of shares outstanding                                    |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
|  - basic                                                                    |           |               |         | 17,407  |   |         |   | 17,071  |          |   |   | 17,259        |   |   |           | 16,938  |   |   |   | 16,913 |   |
| - diluted                                                                        |           |               |         | 17,643  |   |         |   | 17,533  |          |   |   | 17,663        |   |   |           | 17,547  |   |   |   | 17,522 |   |
| Basic earnings per share                                                         |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
|     Income before class action settlement costs net of taxes |           | $                  | 0.12         |    |   | $            | 0.44   |    |          | $      | 0.64   |          |   | $      | 1.35           |    |   | $ | 1.69 |   |
|     Net income and comprehensive income                      |           |               | $            | 0.12    |   |         | $      | 0.44    |          |   | $      | 0.52          |   |   | $              | 1.22    |   |   | $ | 1.56 |   |
| Diluted earnings per share                                                       |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
|     Income before class action settlement costs net of taxes |           | $                  | 0.12         |    |   | $            | 0.42   |    |          | $      | 0.64   |          |   | $      | 1.31           |    |   | $ | 1.63 |   |
|     Net income and comprehensive income                      |           |               | $            | 0.12    |   |         | $      | 0.42    |          |   | $      | 0.51          |   |   | $              | 1.18    |   |   | $ | 1.51 |   |
| Consolidated Balance Sheet Information                                           |           |               |         |    |   |         |   |    |          |   |   |          |   |   |           |    |   |   |   |   |   |
| Working capital                                                                  |           |               | $            | 17,122  |   |         | $      | 14,980  |          |   | $      | 17,122        |   |   | $              | 14,980  |   |   | $ | 14,980 |   |
| Total assets                                                                     |           |               |         | 121,839 |   |         |   | 115,045 |          |   |   | 121,839       |   |   |           | 115,045 |   |   |   | 115,045 |   |
| Total long-term liabilities                                                      |           |               |         | 9,082   |   |         |   | 9,882   |          |   |   | 9,082         |   |   |           | 9,882   |   |   |   | 9,882 |   |
| Total liabilities                                                                |           |               |         | 34,493  |   |         |   | 31,690  |          |   |   | 34,493        |   |   |           | 31,690  |   |   |   | 31,690 |   |
| Shareholders' equity                                                             |           |               | $            | 87,346  |   |         | $      | 83,355  |          |   | $      | 87,346        |   |   | $              | 83,355  |   |   | $ | 83,355 |   |

----

----

----

----

| (Thousands of dollars, except branch figures) |   |   | Revenues           |    |   |               |   |    | Average Revenue per Branch per Quarter |   |
|-----------------------------------------------|--------|--------|--------------------|---------|--------|--------------------|--------|---------|----------------------------------------|--------|
| Year Opened                                   |   |   | Number of Branches |    |   | September 30, 2011 |   |    | September 30, 2010                     |   |   | %Change |   |   | September 30, 2011 |   |   | September 30, 2010 |   |
|                                          | 2001   | *      |               |    | 94     |               |   | $       | 35,402                                 |   |   | $ | 38,617 |   |   |   | -8 | % |   | $ | 94 |   |   | $ | 103 |   |
|                                          | 2002   |   |               |    | 13     |               |   |    | 6,367                                  |   |   |   | 7,274 |   |   |   | -12 | % |   |   | 122 |   |   |   | 140 |   |
|                                          | 2003   |   |               |    | 35     |               |   |    | 15,351                                 |   |   |   | 16,374 |   |   |   | -6 | % |   |   | 110 |   |   |   | 117 |   |
|                                          | 2004   |   |               |    | 52     |               |   |    | 20,762                                 |   |   |   | 21,941 |   |   |   | -5 | % |   |   | 100 |   |   |   | 105 |   |
|                                          | 2005   |   |               |    | 66     |               |   |    | 24,777                                 |   |   |   | 25,989 |   |   |   | -5 | % |   |   | 94 |   |   |   | 98 |   |
|                                          | 2006   |   |               |    | 50     |               |   |    | 17,945                                 |   |   |   | 19,020 |   |   |   | -6 | % |   |   | 90 |   |   |   | 95 |   |
|                                          | 2007   | **     |               |    | 37     |               |   |    | 12,083                                 |   |   |   | 9,943 |   |   |   | 22 | % |   |   | 82 |   |   |   | 67 |   |
|                                          | 2008   |   |               |    | 34     |               |   |    | 10,367                                 |   |   |   | 11,081 |   |   |   | -6 | % |   |   | 76 |   |   |   | 81 |   |
|                                          | 2009   |   |               |    | 48     |               |   |    | 12,340                                 |   |   |   | 11,567 |   |   |   | 7 | % |   |   | 64 |   |   |   | 60 |   |
|                                          | 2010   |   |               |    | 112    |               |   |    | 26,900                                 |   |   |   | 15,093 |   |   |   | 78 | % |   |   | 60 |   |   |   | 34 |   |
|                                          | 2011   |   |               |    | 45     |               |   |    | 5,732                                  |   |   |   | - |   |   |   | 100 | % |   |   | 32 |   |   |   | - |   |
|                                          |   |   |               |    | 586    |               |   |    | 188,026                                |   |   |   | 176,899 |   |   |   | 6 | % |   | $ | 80 |   |   | $ | 75 |   |
| Consolidation of branches                     |   |   |               | 128     |   |               |   | 880     |                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                                         |   |   |               |    |   |               |   | 1,745   |                                   |   |   | 1,203 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Continuing operations                         |   |   | $                  | 189,899 |   |               | $      | 178,982 |                                   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                   |   | Third Party Funded |    |   | Internally      |   |   |   |   |
|------------------------|--------|--------------------|---------|--------|-----------------|--------|--------|--------|--------|
| (thousands of dollars) |   | Loan               |    |   | Originated Loan |   |   | Total  |   |
| Loan fees              |   |               | 126,681 |   |            |   | 9,943  |   |   |   | 136,623 |   |
| Interest               |   |               | -       |   |            |   | 523    |   |   |   | 523 |   |
| Default fees           |   |               | 3,429   |   |            |   | 150    |   |   |   | 3,579 |   |

|                   |   | Third Party Funded |    |   | Internally      |   |   |   |   |
|------------------------|--------|--------------------|---------|--------|-----------------|--------|--------|--------|--------|
| (thousands of dollars) |   | Loan               |    |   | Originated Loan |   |   | Total  |   |
| Loan fees              |   |               | 169,363 |   |            |   | 1,297  |   |   |   | 170,659 |   |
| Interest               |   |               | -       |   |            |   | 23     |   |   |   | 23 |   |
| Default fees           |   |               | 2,011   |   |            |   | 121    |   |   |   | 2,131 |   |

|                   |   | Three        |   |   | Three        |   |   | Twelve       |   |   | Twelve       |   |
|------------------------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|
| (thousands of dollars) |   | Months Ended |   |   | Months Ended |   |   | Months Ended |   |   | Months Ended |   |
|                   |   | September 30 |   |   | September 30 |   |   | September 30 |   |   | September 30 |   |
|                   |   | 2011         |   |   | 2010         |   |   | 2011         |   |   | 2010         |   |
| Loan fees              |   | $            | 33,552 |   |         | $      | 36,195 |         |   | $      | 136,623      |   |   | $ | 136,782 |   |
| Agency fees            |   |         | 12,308 |   |         |   | 9,916  |         |   |   | 46,809       |   |   |   | 31,472 |   |
| Other                  |   |         | 1,321  |   |         |   | 3,168  |         |   |   | 6,467        |   |   |   | 10,728 |   |
| Total Revenue          |   | $            | 47,181 |   |         | $      | 49,279 |         |   | $      | 189,899      |   |   | $ | 178,982 |   |

----

----

----

----

| (Thousands of dollars, except branch figures)     |   |   | BOI (Loss)        |   |   |             |   |   | BOI % of Revenues |   |
|---------------------------------------------------|--------|--------|-------------------|--------|--------|------------------|--------|--------|-------------------|--------|
|                                              |   |   |              |   |   |             |   |   |              |   |   |   |   |   |   |   |
| Year Opened                                       |   |   | Number ofBranches |   |   | September 302011 |   |   | September 302010  |   |   | September 302011 |   |   | September 302010 |   |
|                                              | 2001   | *      |              |   | 94     |             |   | $      | 14,915            |   |   | $ | 17,138 |   |   |   | 42.1 | % |   |   | 44.4 | % |
|                                              | 2002   |   |              |   | 13     |             |   |   | 2,905             |   |   |   | 3,332 |   |   |   | 45.6 | % |   |   | 45.8 | % |
|                                              | 2003   |   |              |   | 35     |             |   |   | 7,393             |   |   |   | 7,521 |   |   |   | 48.2 | % |   |   | 45.9 | % |
|                                              | 2004   |   |              |   | 52     |             |   |   | 9,111             |   |   |   | 9,179 |   |   |   | 43.9 | % |   |   | 41.8 | % |
|                                              | 2005   |   |              |   | 66     |             |   |   | 9,993             |   |   |   | 10,016 |   |   |   | 40.3 | % |   |   | 38.5 | % |
|                                              | 2006   |   |              |   | 50     |             |   |   | 6,804             |   |   |   | 7,253 |   |   |   | 37.9 | % |   |   | 38.1 | % |
|                                              | 2007   | **     |              |   | 37     |             |   |   | 4,693             |   |   |   | 3,738 |   |   |   | 38.8 | % |   |   | 37.6 | % |
|                                              | 2008   |   |              |   | 34     |             |   |   | 4,070             |   |   |   | 4,226 |   |   |   | 39.3 | % |   |   | 38.1 | % |
|                                              | 2009   |   |              |   | 48     |             |   |   | 1,381             |   |   |   | 1,090 |   |   |   | 11.2 | % |   |   | 9.4 | % |
|                                              | 2010   |   |              |   | 112    |             |   |   | (3,270            | )      |   |   | (2,121 | ) |   |   | -12.2 | % |   |   | -14.1 | % |
|                                              | 2011   |   |              |   | 45     |             |   |   | (2,585            | )      |   |   | 2 |   |   |   | -45.1 | % |   |   | - |   |
|                                              |   |   |              |   | 586    |             |   |   | 55,410            |   |   |   | 61,374 |   |   |   |   |   |   |   |   |   |
|     Branches not yet open     |   |   |              |   |   |             | (33    | )      |              |   | (70 | ) |   |   |   |   |   |   |   |   |
|     Consolidation of branches |   |   |              | (104   | )      |             |   | (122   | )                 |   |   |   |   |   |   |   |   |
| Other                                             |   |   |              |   |   |             |   | (272   | )                 |   |   | 409 |   |   |   |   |   |   |   |   |   |
| Branch Operating Income                           |   |   |              |   |   | $                | 55,001 |   |              | $      | 61,591 |   |   |   |   |   |   |   |   |   |

----

----

|   | • | Cash generated from operating activities, before non-cash operating items, of $20.4 million; |
|--------|---------|----------------------------------------------------------------------------------------------|

|   | • | A $2.9 million increase in amounts due from suppliers, $2.4 million increase in prepaids, $2.0 million decrease in income taxes payable offset by a $2.8 million increase in amounts due third party lenders; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | A $3.3 million increase in cash restricted for class action settlements. Subsequent to year-end all funds segregated for the BC class action were transferred to a third party administrator; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Property and equipment and intangible asset expenditures of $10.0 million; |
|--------|---------|----------------------------------------------------------------------------|

|   | • | Cash required for on balance sheet lending of $2.9 million; |
|--------|---------|-------------------------------------------------------------|

|   | • | Dividend payments of $7.9 million; and |
|--------|---------|----------------------------------------|

|   | • | Issuance of common shares for proceeds from exercised options and warrants of $2.1 million. |
|--------|---------|---------------------------------------------------------------------------------------------|

----

----

|                                                                 |   | 2011   |   |   | 2010   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Consumer loans receivable, net of allowance for consumer loan losses |   |   |   |   |   |   |
| Current                                                              |   | $      | 2,176  |   |   | $      | 3,410 |   |
| 1-30 days past due date                                              |   |   | 856    |   |   |   | 992 |   |
| 31-60 days past due date                                             |   |   | 531    |   |   |   | 306 |   |
| 61-90 days past due date                                             |   |   | 417    |   |   |   | 119 |   |
| Greater than 90 days past due date                                   |   |   | 3,584  |   |   |   | 144 |   |
| Consumer loans receivable                                            |   |   | 7,564  |   |   |   | 4,971 |   |
| Allowance for consumer loan losses                                   |   |   | (2,783 | )      |   |   | (511 | ) |
|                                                                 |   | $      | 4,781  |   |   | $      | 4,460 |   |

| Payments due by Period(amounts in thousands of $CAN) |
|------------------------------------------------------|
| Contractual Obligations                              | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years |
| Capital (Finance) Lease Obligations                  | $1,443 | $750 | $693 | $ - | $ - |
| Operating Lease Obligations                          | 85,662 | 19,981 | 44,090 | 5,042 | 16,548 |
| Total:                                               | $87,905 | $20,731 | $44,783 | $5,042 | $16,548 |

----

----

|                                                                                         |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   | Twelve Months Ended |    |
|----------------------------------------------------------------------------------------------|----------------|--------|---------|---------|--------|--------|---------|--------------|--------|--------|---------|---------|--------|--------|---------|---------|--------|--------|---------|---------|--------|--------|---------|---------|--------|--------|---------------------|---------|
| (thousands of dollars, except for per share amounts and branch figures)                      |           | 2011   |    |    | 2010   |   |    | September 30 |   |
|                                                                                         |           |   |    | Q4      |   |   |    | Q3           |   |   |    | Q2      |   |   |    | Q1      |   |   |    | Q5      |   |   |    | Q4      |   |   |                | Q3      |   |   |   | Q2 |   |   |   | 2011 |   |   |   | 2010 |   |
| Consolidated Results                                                                         |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| No. of branches                                                                              | Canada         |   |    | 574     |   |   |    | 574          |   |   |    | 573     |   |   |    | 566     |   |   |    | 542     |   |   |    | 523     |   |   |                | 489     |   |   |   | 469 |   |   |   | 574 |   |   |   | 542 |   |
|                                                                                         | United Kingdom |   |    | 12      |   |   |    | 8            |   |   |    | 6       |   |   |    | 4       |   |   |    | 2       |   |   |    | 2       |   |   |                | -       |   |   |   | - |   |   |   | 12 |   |   |   | 2 |   |
|                                                                                         |           |   |    | 586     |   |   |    | 582          |   |   |    | 579     |   |   |    | 570     |   |   |    | 544     |   |   |    | 525     |   |   |                | 489     |   |   |   | 469 |   |   |   | 586 |   |   |   | 544 |   |
| Loan volumes                                                                                 |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Loan fees included                                                   |           |   | $       | 201,720 |   |   | $       | 204,616      |   |   | $       | 198,775 |   |   | $       | 216,290 |   |   | $       | 216,027 |   |   | $       | 205,659 |   |   | $                   | 178,826 |   |   | $ | 172,105 |   |   | $ | 821,401 |   |   | $ | 772,617 |   |
|     Regulated definition (excluding loan fee upon regulation)            |           |   | 168,641 |    |   |   | 172,602 |         |   |   | 167,327 |    |   |   | 182,031 |    |   |   | 184,110 |    |   |   | 174,902 |    |   |   | 157,653             |    |   |   | 164,819 |   |   |   | 690,601 |   |   |   | 681,484 |   |
|     Loan fees excluded in regulated provinces                            |           | $      | 168,641 |    |   | $      | 172,602 |         |   | $      | 167,327 |    |   | $      | 182,031 |    |   | $      | 181,071 |    |   | $      | 172,043 |    |   | $      | 149,357             |    |   | $ | 141,851 |   |   | $ | 690,601 |   |   | $ | 644,322 |   |
|     Revenue                                                              |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Loan fees                                          |           |   | $       | 33,552  |   |   | $       | 33,944       |   |   | $       | 32,813  |   |   | $       | 36,314  |   |   | $       | 36,195  |   |   | $       | 35,161  |   |   | $                   | 31,308  |   |   | $ | 34,118 |   |   | $ | 136,623 |   |   | $ | 136,782 |   |
|        Other income                                       |           |   |    | 13,629  |   |   |    | 14,983       |   |   |    | 13,246  |   |   |    | 11,418  |   |   |    | 13,084  |   |   |    | 11,699  |   |   |                | 9,351   |   |   |   | 8,066 |   |   |   | 53,276 |   |   |   | 42,200 |   |
|                                                                                         |           |   |    | 47,181  |   |   |    | 48,927       |   |   |    | 46,059  |   |   |    | 47,732  |   |   |    | 49,279  |   |   |    | 46,860  |   |   |                | 40,659  |   |   |   | 42,184 |   |   |   | 189,899 |   |   |   | 178,982 |   |
|     Branch expenses                                                      |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Salaries and benefits                              |           |   |    | 14,490  |   |   |    | 14,591       |   |   |    | 14,113  |   |   |    | 14,382  |   |   |    | 13,698  |   |   |    | 13,695  |   |   |                | 12,206  |   |   |   | 11,694 |   |   |   | 57,576 |   |   |   | 51,293 |   |
|        Retention payments                                 |           |   |    | 6,245   |   |   |    | 6,774        |   |   |    | 6,578   |   |   |    | 7,189   |   |   |    | 6,934   |   |   |    | 5,833   |   |   |                | 5,300   |   |   |   | 5,000 |   |   |   | 26,786 |   |   |   | 23,067 |   |
|        Selling, general and administrative                |           |   |    | 4,156   |   |   |    | 4,486        |   |   |    | 4,681   |   |   |    | 4,195   |   |   |    | 4,545   |   |   |    | 4,361   |   |   |                | 4,242   |   |   |   | 4,114 |   |   |   | 17,518 |   |   |   | 17,262 |   |
|        Rent                                               |           |   |    | 4,656   |   |   |    | 4,589        |   |   |    | 4,566   |   |   |    | 4,405   |   |   |    | 4,219   |   |   |    | 3,780   |   |   |                | 3,480   |   |   |   | 3,307 |   |   |   | 18,216 |   |   |   | 14,786 |   |
|        Advertising and promotion                          |           |   |    | 1,398   |   |   |    | 1,313        |   |   |    | 1,303   |   |   |    | 1,426   |   |   |    | 1,223   |   |   |    | 1,170   |   |   |                | 1,023   |   |   |   | 1,059 |   |   |   | 5,440 |   |   |   | 4,475 |   |
|        Provision for loan losses                          |           |   |    | 580     |   |   |    | 662          |   |   |    | 654     |   |   |    | 663     |   |   |    | 454     |   |   |    | 200     |   |   |                | 86      |   |   |   | 16 |   |   |   | 2,559 |   |   |   | 756 |   |
|        Depreciation of property and equipment             |           |   | 1,743   |    |   |   | 1,713   |         |   |   | 1,687   |    |   |   | 1,660   |    |   |   | 1,566   |    |   |   | 1,477   |    |   |   | 1,374               |    |   |   | 1,334 |   |   |   | 6,803 |   |   |   | 5,751 |   |
|                                                                                         |           |   |    | 33,268  |   |   |    | 34,128       |   |   |    | 33,582  |   |   |    | 33,920  |   |   |    | 32,639  |   |   |    | 30,516  |   |   |                | 27,711  |   |   |   | 26,524 |   |   |   | 134,898 |   |   |   | 117,390 |   |
|     Branch operating income                                              |           |   |    | 13,913  |   |   |    | 14,799       |   |   |    | 12,477  |   |   |    | 13,811  |   |   |    | 16,640  |   |   |    | 16,344  |   |   |                | 12,948  |   |   |   | 15,660 |   |   |   | 55,001 |   |   |   | 61,592 |   |
|     Regional expenses                                                    |           |   |    | 4,523   |   |   |    | 4,169        |   |   |    | 3,863   |   |   |    | 4,194   |   |   |    | 2,358   |   |   |    | 3,173   |   |   |                | 2,864   |   |   |   | 2,754 |   |   |   | 16,748 |   |   |   | 11,149 |   |
|     Corporate expenses                                                   |           |   |    | 5,177   |   |   |    | 4,795        |   |   |    | 4,255   |   |   |    | 4,039   |   |   |    | 5,026   |   |   |    | 4,513   |   |   |                | 3,703   |   |   |   | 3,730 |   |   |   | 18,266 |   |   |   | 16,972 |   |
|     Other depreciation and amortization                                  |           |   |    | 570     |   |   |    | 455          |   |   |    | 547     |   |   |    | 540     |   |   |    | 13      |   |   |    | 405     |   |   |                | 279     |   |   |   | 787 |   |   |   | 2,112 |   |   |   | 1,484 |   |
|     Net income before income taxes and class action settlements          |           |   | 3,643   |    |   |   | 5,380   |         |   |   | 3,812   |    |   |   | 5,038   |    |   |   | 9,243   |    |   |   | 8,253   |    |   |   | 6,102               |    |   |   | 8,389 |   |   |   | 17,874 |   |   |   | 31,987 |   |
|     Class action settlements                                             |           |   |    | -       |   |   |    | 3,206        |   |   |    | -       |   |   |    | -       |   |   |    | -       |   |   |    | 100     |   |   |                | 2,715   |   |   |   | 100 |   |   |   | 3,206 |   |   |   | 2,915 |   |
|     EBITDA*                                                              |           |   |    | 6,207   |   |   |    | 4,547        |   |   |    | 6,260   |   |   |    | 7,500   |   |   |    | 11,132  |   |   |    | 10,325  |   |   |                | 5,275   |   |   |   | 10,643 |   |   |   | 24,514 |   |   |   | 37,375 |   |
|     Net income and comprehensive income                                  |           | $      | 2,035   |    |   | $      | 1,155   |         |   | $      | 2,500   |    |   | $      | 3,352   |    |   | $      | 7,682   |    |   | $      | 5,476   |    |   | $      | 2,199               |    |   | $ | 5,467 |   |   | $ | 9,042 |   |   | $ | 20,824 |   |
|     Basic earnings per share                                             |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Before class action expenses net of normalized tax |           | $      | 0.12    |    |   | $      | 0.19    |         |   | $      | 0.15    |    |   | $      | 0.20    |    |   | $      | 0.44    |    |   | $      | 0.33    |    |   | $      | 0.23                |    |   | $ | 0.34 |   |   | $ | 0.66 |   |   | $ | 1.35 |   |
|        Net income and comprehensive income                | $              | 0.12   |    |    | $      | 0.07   |    |         | $      | 0.15   |    |    | $      | 0.20   |    |    | $      | 0.44   |    |    | $      | 0.32   |    |    |   | 0.13   |                |    | $ | 0.33 |   |   | $ | 0.52 |   |   | $ | 1.22 |   |
|     Diluted earnings per share                                           |           |   |    |    |   |   |    |         |   |   |    |    |   |   |    |    |   |   |    |    |   |   |    |    |   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Before class action expenses net of normalized tax |           | $      | 0.12    |    |   | $      | 0.19    |         |   | $      | 0.14    |    |   | $      | 0.19    |    |   | $      | 0.42    |    |   | $      | 0.31    |    |   | $      | 0.23                |    |   | $ | 0.32 |   |   | $ | 0.64 |   |   | $ | 1.31 |   |
|        Net income and comprehensive income                |           | $      | 0.12    |    |   | $      | 0.07    |         |   | $      | 0.14    |    |   | $      | 0.19    |    |   | $      | 0.42    |    |   | $      | 0.31    |    |   | $      | 0.13                |    |   | $ | 0.32 |   |   | $ | 0.51 |   |   | $ | 1.18 |   |

|   | • | Reductions in overall revenue of 4.3% for the three months ended September 30, 2011, compared to the same period last year due to a decrease in same branch revenues as it relates to loans fees. Revenue decreased in Manitoba by $883,000 in the quarter; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | • | Loan fees were down 7.3% for the three months ended September 30, 2011, at $33.6 million compared to $36.2 million in the same period last year given decreases in same branch loan volumes, same branch revenues as it relates to loan fees and some rate compression in Nova Scotia.  The effect of rate compression reduced our rates by 21.6% in Nova Scotia; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Growth in other income of 4.2% to $13.6 million for the three months period ended September 30, 2011 when compared to the same period last year.  As a percentage of total revenue, other income increased to 28.9% from 26.6% or an 8.8% increase for the quarter.  Agency fee income was up $24.1% or $2.4 million in the quarter offset by decreases in other revenue of $1.8 million; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Loan volumes for the three months ended September 30, 2011 were down 6.6% to $201.7 million; |
|--------|---------|----------------------------------------------------------------------------------------------|

|   | • | Earnings decreased by $476,000 in the quarter as a result of a drag on earnings from branches opened less than one year; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------|

|   | • | Retention payments decreased by $689,000 for the three months ended September 30, 2011 compared to the same period last year; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------|

|   | • | Provision for loan losses for on-balance sheet lending increased by $126,000 for the quarter ended September 30, 2011 compared to the same period last year; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Branch SG&A costs decreased $389,000 as a result of cost containment measures for the fourth quarter compared to the same period last year; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Regional expenses increased by $2.2 million related to increased collection related costs, a reorganization at the regional and division vice president level, enhancement of collection infrastructure and infrastructure additions in the UK; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Corporate expenses increased by $151,000 in the quarter due to the UK expansion and increased corporate salary costs as a result of infrastructure additions in marketing, training and new product development, increased director costs and increased legal fees;and |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Working capital increased by $687,000 in the quarter compared to last year. |
|--------|---------|-----------------------------------------------------------------------------|

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| (Thousands of dollars, except branch figures)     |   |   | BOI (Loss)         |   |   | BOI % of Revenues |   |
|---------------------------------------------------|--------|--------|--------------------|--------|--------|-------------------|--------|
| Year Opened                                       |   |   | Number of Branches |   |   | September 302011  |   |   | September 30 2010 |   |   | September 302011 |   |   | September 30 2010 |   |
|                                              | 2001   | *      |               |   | 94     |              |   | $ | 3,502 |   |   | $ | 4,798 |   |   |   | 40.9 | % |   |   | 48.5 | % |
|                                              | 2002   |   |               |   | 13     |              |   |   | 756 |   |   |   | 997 |   |   |   | 47.9 | % |   |   | 52.4 | % |
|                                              | 2003   |   |               |   | 35     |              |   |   | 1,834 |   |   |   | 2,120 |   |   |   | 49.9 | % |   |   | 50.2 | % |
|                                              | 2004   |   |               |   | 52     |              |   |   | 2,125 |   |   |   | 2,429 |   |   |   | 42.5 | % |   |   | 43.2 | % |
|                                              | 2005   |   |               |   | 66     |              |   |   | 2,447 |   |   |   | 2,855 |   |   |   | 40.9 | % |   |   | 42.0 | % |
|                                              | 2006   |   |               |   | 50     |              |   |   | 1,583 |   |   |   | 1,864 |   |   |   | 37.0 | % |   |   | 38.4 | % |
|                                              | 2007   | **     |               |   | 37     |              |   |   | 1,219 |   |   |   | 1,222 |   |   |   | 41.1 | % |   |   | 38.1 | % |
|                                              | 2008   |   |               |   | 34     |              |   |   | 1,039 |   |   |   | 1,308 |   |   |   | 41.1 | % |   |   | 45.1 | % |
|                                              | 2009   |   |               |   | 48     |              |   |   | 437 |   |   |   | 290 |   |   |   | 14.1 | % |   |   | 9.2 | % |
|                                              | 2010   |   |               |   | 112    |              |   |   | (552 | ) |   |   | (1,162 | ) |   |   | -8.0 | % |   |   | -19.2 | % |
|                                              | 2011   |   |               |   | 45     |              |   |   | (796 | ) |   |   | - |   |   |   | -35.4 | % |   |   | - |   |
|                                              |   |   |               |   | 586    |              |   |   | 13,594 |   |   |   | 16,721 |   |   |   |   |   |   |   |   |   |
|     Branches not yet open     |   |   |               | (13    | )      |              |   | (64 | ) |   |   |   |   |   |   |   |   |
|     Consolidation of branches |   |   |               | (3     | )      |              |   | (48 | ) |   |   |   |   |   |   |   |   |
|     Other                     |   |   |               | 335    |   |              |   | 31 |   |   |   |   |   |   |   |   |   |
| Branch Operating Income                           |   |   | $                  | 13,913 |   |              | $      | 16,640 |   |   |   |   |   |   |   |   |   |

| (Thousands of dollars, except branch figures) |   |   | Revenues  |   |   | Average Revenue per Branch per Quarter |   |
|-----------------------------------------------|--------|--------|-----------|--------|--------|----------------------------------------|--------|
|                                          |   |   | Number of |   |   | September 30                           |   |   | September 30 |   |   | % |   |   | September 30 |   |   | September 30 |   |
| Year Opened                                   |   |   | Branches  |   |   | 2011                                   |   |   | 2010 |   |   | Change |   |   | 2011 |   |   | 2010 |   |
|                                          | 2001   | *      |      |   | 94     |                                   |   | $ | 8,572 |   |   | $ | 9,896 |   |   |   | -13 | % |   |   | 91 |   |   | $ | 105 |   |
|                                          | 2002   |   |      |   | 13     |                                   |   |   | 1,577 |   |   |   | 1,901 |   |   |   | -17 | % |   |   | 121 |   |   | $ | 146 |   |
|                                          | 2003   |   |      |   | 35     |                                   |   |   | 3,676 |   |   |   | 4,221 |   |   |   | -13 | % |   |   | 105 |   |   | $ | 121 |   |
|                                          | 2004   |   |      |   | 52     |                                   |   |   | 5,000 |   |   |   | 5,617 |   |   |   | -11 | % |   |   | 96 |   |   | $ | 108 |   |
|                                          | 2005   |   |      |   | 66     |                                   |   |   | 5,981 |   |   |   | 6,793 |   |   |   | -12 | % |   |   | 91 |   |   | $ | 103 |   |
|                                          | 2006   |   |      |   | 50     |                                   |   |   | 4,279 |   |   |   | 4,854 |   |   |   | -12 | % |   |   | 86 |   |   | $ | 97 |   |
|                                          | 2007   | **     |      |   | 37     |                                   |   |   | 2,966 |   |   |   | 3,206 |   |   |   | -7 | % |   |   | 80 |   |   | $ | 87 |   |
|                                          | 2008   |   |      |   | 34     |                                   |   |   | 2,531 |   |   |   | 2,901 |   |   |   | -13 | % |   |   | 74 |   |   | $ | 85 |   |
|                                          | 2009   |   |      |   | 48     |                                   |   |   | 3,091 |   |   |   | 3,166 |   |   |   | -2 | % |   |   | 64 |   |   | $ | 66 |   |
|                                          | 2010   |   |      |   | 112    |                                   |   |   | 6,888 |   |   |   | 6,064 |   |   |   | 14 | % |   |   | 62 |   |   | $ | 54 |   |
|                                          | 2011   |   |      |   | 45     |                                   |   |   | 2,249 |   |   |   | - |   |   |   | 100 | % |   |   | 50 |   |   |   | - |   |
|                                          |   |   |      |   | 586    |                                   |   |   | 46,810 |   |   |   | 48,619 |   |   |   | -4 | % |   | $ | 80 |   |   | $ | 83 |   |
| Consolidation of branches                     |   |   |      |   |   |                                   | -      |   |   |   | 174 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                                         |   |   |      |   |   |                                   |   | 371 |   |   |   | 486 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Continuing operations                         |   |   |      |   |   | $                                      | 47,181 |   |   | $ | 49,279 |   |   |   |   |   |   |   |   |   |   |   |   |   |

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|             | Rate |                |
|------------------|------|---------------------|
|             | per  | Date enacted or     |
|             | $100 | anticipated         |
| Nova Scotia      | 25   | April 1, 2011       |
| British Columbia | 23   | November 18, 2009   |
| Ontario          | 21   | December 15, 2009   |
| Alberta          | 23   | March 1, 2010       |
| Manitoba         | 17   | October 18, 2010    |
| Saskatchewan     | 23   | Early calender 2012 |

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| Customer list, contracts and relationships |   | Straight-line - 3 years |
|--------------------------------------------|--------|-------------------------|
| Computer software                          |   | Straight-line - 5 years |
| Non-compete agreements                     |   | Term of the agreements  |
| Brand name                                 |   | Indefinite life         |

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|                     | 2011          | 2010          | 2009         | 2008         |
|--------------------------|---------------|---------------|--------------|--------------|
|  Dividend per share |  $ 0.120 |  $ 0.100 |  $0.065 |  $0.025 |
| Percentage increase      | 20%           | 54%           | 160%         |         |

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| (thousands of dollars)                                                       |   | 2011   |   |   | 2010   |   |
|------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                         |   |   | Q4     |   |   |   | Q3 |   |   |   | Q2 |   |   |   | Q1 |   |   |   | Q5 |   |   |   | Q4 |   |   |   | Q3 |   |   |   | Q2 |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated Results                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income and comprehensive income                                          |   | $      | 2,035  |   |   | $      | 1,155 |   |   | $ | 2,500 |   |   | $ | 3,352 |   |   | $ | 7,682 |   |   | $ | 5,476 |   |   | $ | 2,199 |   |   | $ | 5,467 |   |
| Interest                                                                     |   |   | 33     |   |   |   | 34 |   |   |   | 36 |   |   |   | 43 |   |   |   | 51 |   |   |   | 44 |   |   |   | 29 |   |   |   | 29 |   |
| Income tax                                                                   |   |   | 1,608  |   |   |   | 1,019 |   |   |   | 1,311 |   |   |   | 1,687 |   |   |   | 1,561 |   |   |   | 2,676 |   |   |   | 1,190 |   |   |   | 2,822 |   |
| Stock-based compensation                                                     |   |   | 218    |   |   |   | 171 |   |   |   | 180 |   |   |   | 217 |   |   |   | 260 |   |   |   | 247 |   |   |   | 205 |   |   |   | 204 |   |
| Depreciation of property and equipment and amortization of intangible assets |   |   | 2,313  |   |   |   | 2,168 |   |   |   | 2,233 |   |   |   | 2,201 |   |   |   | 1,578 |   |   |   | 1,882 |   |   |   | 1,652 |   |   |   | 2,121 |   |
| EBITDA                                                                       |   | $      | 6,207  |   |   | $      | 4,547 |   |   | $ | 6,260 |   |   | $ | 7,500 |   |   | $ | 11,132 |   |   | $ | 10,325 |   |   | $ | 5,275 |   |   | $ | 10,643 |   |
| Adjustments:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Class action settlements                                                     |   | $      | -      |   |   | $      | 3,206 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |   | $ | 2,715 |   |   | $ | 100 |   |
| Effective interest component of retention payments                           |   |   | 5,112  |   |   |   | 5,107 |   |   |   | 5,561 |   |   |   | 5,505 |   |   |   | 5,344 |   |   |   | 4,895 |   |   |   | 4,400 |   |   |   | 4,226 |   |
| Adjusted EBITDA                                                              |   | $      | 11,319 |   |   | $      | 12,860 |   |   | $ | 11,821 |   |   | $ | 13,005 |   |   | $ | 16,476 |   |   | $ | 15,320 |   |   | $ | 12,390 |   |   | $ | 14,969 |   |