StoneX Financial Europe S.A.Liquidiert

StoneX Financial Europe S.A.

Frankfurt am Main

Jahresabschluss zum Geschäftsjahr vom 01.10.2019 bis zum 30.09.2020

RCSL Nr. B10821

Matricule: 1973 2200 986

ABRIDGED BALANCE SHEET Financial year from 01.10.19 to 30.09.20

(in EUR)

StoneX Financial Europe S.A.

L- Luxembourg

ASSETS

The notes in the annex form an integral part of the annual accounts

CAPITAL, RESERVES AND LIABILITIES

ABRIDGED PROFIT AND LOSS ACCOUNT Financial year from 01.10.19 to 30.09.20 (in EUR)

StoneX Financial Europe S.A.

L- Luxembourg

Notes to the Annual Accounts as at 30 September 2020

1. General

The Company was established on the 23 March 1973 under the name of Carl Kliem S.A. On 27 August 2019 the shareholder decided to change the name of the Company to INTL FCStone Europe S.A. On 28 September 2020 the shareholder decided to change the name of the Company to StoneX Financial Europe S.A. The Company is registered in the Commercial Register of Luxembourg, Section B, number 10.821. The statutes are valid in their version of 28 September 2020.

The Company's object is that of a brokerage firm in the foreign exchange and Euro-money market activities, in the trade (matched principal) and in the brokerage in securities between banks within the Grand Duchy of Luxembourg and abroad.

According to the statutes the general assembly will be held within six months of the closing of each financial year.

The Company is operating since February 2018 a branch in Frankfurt, dealing currently mainly in Grains, Dairy and Fixed Income products and since October 2019 a branch in Dublin, dealing currently mainly in Grains and Dairy products.

The Company is included in the consolidated accounts of StoneX Inc. forming the largest body of undertakings of which the Company forms a part as a indirect subsidiary undertaking. The registered office of that Company is located at 708 Third Avenue, Suite 1500, New York, NY 10017, USA and the consolidated accounts are available at ir.StoneX.com.

2. Summary of significant accounting policies

2.1. Basis of preparation

The annual accounts have been prepared in accordance with Luxembourg legal and regulatory requirements under the historical cost convention.

Accounting policies and valuation rules are, besides the ones laid down by the Law of 19 December 2002, determined and applied by the Board of Directors.

The preparation of annual accounts requires the use of certain critical accounting estimates. It also requires the Board of Directors to exercise its judgment in the process of applying the accounting policies. Changes in assumptions may have a significant impact on the annual accounts in the period in which the assumptions changed. Management believes that the underlying assumptions are appropriate and that the annual accounts therefore present the financial position and results fairly.

The financial year begins on the 1 ^st October of each year and ends on the 30 September of the following year. The Annual Accounts as at 30 September 2020 are expressed in EURO (EUR).

On 25 March 2019, via a shareholder resolution, it was decided that the financial year begins on the 1st October of each year and ends on the 30 ^th of September of the following year. For the first financial period , during which the change of financial year was decided, a shortened period starting from 1 ^st January 2019 until 30 September 2019 was applied.

2.2 Significant accounting principles

The main valuation rules applied by the Company are the following:

2.2.1 Intangible assets

Intangible assets are valued at purchase price including the expenses proper thereto. Depreciation is calculated under the straight-line method at the rate of 20%.

2.2.2 Tangible assets

Tangible assets are valued at purchase price including the expenses incidental thereto. Tangible assets are depreciated over their estimated useful economic lives.

Depreciation is calculated under the straight-line method at the following rates:

For acquisitions, the Company uses the simplified tax method according to which "lower value" items at cost up to EUR 867 net may be fully depreciated in the year of acquisition.

2.2.3 Financial assets

Financial assets are valued at purchase price including the expenses incidental thereto. A value adjustment is recorded where the market value is lower than the purchase price.

Market value corresponds to

2.2.4 Debtors

Debtors are valued at their nominal value. They are subject to value adjustments where their recovery is compromised. These value adjustments are not continued if the reasons for which the value adjustments were made have ceased to apply.

2.2.5 Conversion of foreign currency transactions

Transactions expressed in currencies other than EUR are converted into EUR at the official rate.

Cash at bank is converted at the exchange rate effective at the balance sheet date. Exchange losses and gains are recorded in the profit and loss account of the year.

Other assets and liabilities are converted separately respectively at the lower or at the higher of the value converted at the historical exchange rate or the value determined on the basis of the exchange rates effective at the balance sheet date. The unrealised exchange losses are recorded in the profit and loss account. The exchange gains are recorded in the profit and loss account at the moment of their realisation.

Current income in foreign currencies is booked in EUR at the rate ruling at the end of the month it incurred. Current expenses in foreign currencies are booked at the daily actual rates.

2.2.6 Deferred charges

This asset item includes expenditures incurred during the financial year but relating to a subsequent financial year.

2.2.7 Provisions

Provisions are intended to cover losses or debts, the nature of which is clearly defined and which, at the date of the balance sheet, are either likely to be incurred or certain to be incurred but uncertain as to their amount or the date on which they will arise.

Provisions may also be created to cover charges which originate in the financial year under review or in a previous financial year, the nature of which is clearly defined and which at the date of the balance sheet are either likely to be incurred or certain to be incurred but uncertain as to their amount or the date on which they will arise.

2.2.8 Creditors

Debts are recorded at their reimbursement value. Where the amount repayable on account is greater than the amount received, the difference is shown as an asset and is written off over the period of the debt based on a linear method.

2.2.9 Net turnover

The net turnover comprises the amounts derived from the sale of products and the provision of services falling within the Company's ordinary activities, after deductions of sales rebates and value added tax and other taxes directly linked to the turnover.

2.2.10 Comparatives

Certain figures in relation to staff costs sub-categories for the financial period ended 30 September 2019 have been reclassified in order to ensure comparability with those of the financial year 2020. These reclassifications had no impact on the result for the period ended 30 September 2019.

3. Comments on significant balance sheet items

The major changes compared to the previous year result from the previous shortened financial year, the new branch in Dublin and the expanded business field of the branch in Frankfurt.

3.1 Intangible assets

Intangible assets relating to the acquisition of the Branch in Dublin are amounting to EUR 1.375.950,00. After depreciation the net balance is amounting to EUR 1.100.760,00.

3.2 Tangible assets

The movements for the year are as follows:

Additions are valued at cost of acquisition or manufacturing.

3.3 Financial assets

3.3.1 Investments

The Company does not held Securities as fixed assets.

3.3.2 Affiliated undertakings and participating interests

There were no movements during the year. Affiliated undertakings and participating interests for 2020 amounting to EUR 9.915,74.

3.4 Current assets

The current assets are mainly composed as debtors. They are mainly composed of trade debtors (EUR 262.048,76), receivables from the intercompany accounts (EUR 1.168.975,93), receivables from tax authorities (EUR 145.921,13), other receivables (EUR 18.855,29) and from a rental guarantee for the office in Frankfurt (EUR 23.870,00).

3.5 Prepayments

Prepayments on expenses for 2020 amounting to EUR 139.482,04.

3.6 Subscribed capital

The subscribed capital increased to EUR 5.375.950,00 represented by 1.075.190 with a nominal value of EUR 5,00 each. On 29 November 2019 the general meeting resolved to increase the share capital by EUR 1.375.950,00 by the creation and issue of 275.190 new shares with a nominal value of EUR 5,00 each. On 28 September 2020 the general meeting resolved to increase the share capital by EUR 500.000,00 by the creation and issue of 100.000 new shares with a nominal value of EUR 5,00 each.

3.7 Share premium and similar premiums

There were no movements on the Share premium and similar premiums item during the year.

3.8 Legal Reserve

The Company is required to allocate a minimum of 5% of its annual net income to a legal reserve, until this reserve equals 10% of the subscribed share capital. This reserve may not be distributed.

3.9 Reserves and profit and loss items

There were no movements on the reserves during the year. The loss carry forward amounting to EUR 2.275.144,81.

3.10 Provisions

The other provisions amount to EUR 1.886.952,82 divided mainly into EUR 75.656,74 for audit costs and other fees, EUR 1.804.939,56 for staff costs and restructuring costs and EUR 6.356,52 for other costs.

3.11 Creditors

Creditors relating to social security amount to EUR 53.146,42, while tax liabilities amount to EUR 99.477,22, intercompany account liabilities amount to EUR 217.720,56, trade creditors amount to EUR 16.990,31, other creditors amount to EUR 74.243,54 and EUR 29.734,35 for VAT accruals.

4. Other notes

4.1 Emolument granted to the Members of the Board of Directors and supervisory body and commitments in respect of retirements pensions for former members of those bodies

No emolument has been granted during the financial year to members of the Board of Directors and supervisory bodies.

4.2 Advance and loans granted to the members of the Board of Directors and supervisory bodies

No advance has been granted during the financial year to members of the Board of Directors and supervisory bodies.

4.3 Other financial obligations

Annual rental and leasing expenses resulting from contracts the Company have entered into amount to a total of EUR 487.595,03.

4.4 Staff

During the financial year 2020, the Company employed:

5. Subsequent events

After receiving the approval by the Spanish regulator on the 7 October 2019, it is foreseen to start the activities of the Madrid Branch in early 2021.

On 20 November 2020, the general meeting of the shareholders resolved to increase the share capital by EUR 3.000.000,00 by the creation and issue of 600.000 new shares with a nominal value of EUR 5,00 each.