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NASDAQ: WRLD March 31, 2015

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Investor Presentation World Acceptance Corp

TRANSCRIPT

NASDAQ: WRLD

March 31, 2015

Cautionary Note About Forward-Looking Statements

2

Certain statements in this presentation constitute “forward looking-statements” under the Private Securities Litigation Reform Actof 1995. Statements other than those of historical fact, as well as those identified by the words “anticipate,” “estimate,” ”intend,”“plan,” “expect,” “believe,” “may,” “will,” and “should” or any variation of the foregoing and similar expressions are forward-looking statements. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties.Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-lookingstatements include the following: recently enacted, proposed or future legislation and the manner in which it is implemented; thenature and scope of regulatory authority, particularly discretionary authority, that may be exercised by regulators havingjurisdiction over the Company’s business or consumer financial transactions generically, including, but not limited to, theConsumer Financial Protection Bureau (the “CFPB”), having jurisdiction over the Company’s business or consumer financialtransactions generically; the unpredictable nature of regulatory proceedings and litigation; and any determinations, findings,claims or actions made or taken by the CFPB, other regulators or third parties in connection with or resulting from the previouslydisclosed civil investigative demand from the CFPB that assert or establish that the Company’s lending practices or other aspects ofits business violate applicable laws or regulations; the impact of changes in accounting rules and regulations, or their interpretationor application, which could materially and adversely affect the Company’s reported financial statements or necessitate materialdelays or changes in the issuance of the Company’s audited financial statements; the Company's assessment of its internal controlover financial reporting, and the timing and effectiveness of the Company's efforts to remediate any reported material weakness inits internal control over financial reporting; changes in interest rates; risks related to expansion and foreign operations; risksinherent in making loans, including repayment risks and value of collateral; the timing and amount of revenues that may berecognized by the Company; changes in current revenue and expense trends (including trends affecting delinquencies and charge-offs); and changes in the Company’s markets and general changes in the economy (particularly in the markets served by theCompany). These and other factors are discussed in greater detail in Part I, Item 1A, “Risk Factors” in the Company’s most recentannual report on Form 10-K for the fiscal year ended March 31, 2015 filed with the Securities and Exchange Commission (“SEC”)and the Company’s other reports filed with, or furnished to, the SEC from time to time. World Acceptance Corporation does notundertake any obligation to update any forward-looking statements it makes.

Agenda

Company overview

Credit & portfolio review

Growth strategy

Financial review

3

Company overview

One of nation’s largest small-loan consumer finance companies

Founded in 1962 in Greenville, South Carolina

Generally serves individuals with limited access to other sources of consumer credit

1,320 consumer loan offices in fifteen states and Mexico as of March 31, 2015

$2.7 billion gross loan volume in fiscal 2015

Over 1.9 million loans made in fiscal 2015

Consistent, extended record of expansion and profit

4

Financial highlights: Consecutive years of growth

5

0%

5%

10%

15%

20%

25%

30%

35%

0

100

200

300

400

500

600

700

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

PreTax Margin (%)Revenue (mm)

Consumer finance office network – U.S.

6At March 31, 2015: 1,172 offices in the United States 6

99113300

83

49

107

8278

44

79

68

28

22

12

8

“Average” World office – US locations (1,172)

Rural America – Typically downtown or small strip center

1,500 S.F. – approximately $1,470 per month lease

3.3 employees

683 accounts as of March 31, 2015

$867,000 gross loans receivable as of March 31, 2015

Average loan made during fiscal 2015 - $1,413

Average revenue during fiscal 2015 - $499,000

7

Consumer finance office network – Mexico

At March 31, 2015: 148 Offices in Mexico 8

CHIHUAHUA30

SONORA10

COAHUILA12

TAMAULIPAS

14

SLP5

NUEVO LEON23

GUANAJUATO

5

YUCATAN4

QUINTANAROO

5

QUERETARO

3

AGUAS CALIENTES

4

GUERRERO4

CHIAPAS7

PUEBLA5

MORELOS

3

VERACRUZ 2

HILDALGO1

SINALOA

6

EDO DE MEXICO

3

CAMPECHE1

JALISCO1

“Average” World office – Mexico locations (148)

Medium to large cities– Typically in small strip centers

1,725 S.F. – approximately $1,800 per month lease

7.6 employees

957 accounts as of March 31, 2015

$637,000 gross loans receivable as of March 31, 2015

Average loan made during fiscal 2015 - $955

Average revenue during fiscal 2015 - $386,000

9

Geographic composition of loan portfolio

Alabama, 4.39%

Georgia, 11.94%

Mississippi, 0.16%

Texas, 17.75%

South Carolina, 10.31%

Mexico, 8.49%Oklahoma, 6.57%

Louisiana, 2.17%

Tennessee, 12.28%

Idaho, 0.06%

Illinois, 6.17%

Indiana, 1.13%

Missouri, 6.39%New Mexico, 2.04%

Kentucky, 8.87% Wisconsin, 1.28%

10As of March 31, 2015

U.S. PORTFOLIO BY LOAN SIZE AMOUNT

$0 - $250, 1.31%$251 - $500, 14.89%

$501 - $750, 9.97%

$751 - $1,000, 11.85%

$1,001 - $1,500, 18.93%

$1,501 - $2,000, 12.90%

$2,001 - $5,000, 26.47%

$5,001 +, 3.68%

11As of March 31, 2015

U.S. PORTFOLIO BY BEACON SCORE

12

3.0%

15.0%

18.0%

25.0% 25.0%

12.0%

2.0%

0%

5%

10%

15%

20%

25%

30%

Thinline 300 - 499 500 - 549 550 - 599 600 - 649 650 - 699 700 - 750

As of November 30, 2014

Our employees (1)

U.S.

13

4,548 BranchEmployees(5.9 years)

126 Supervisors(12.5 years)

18 Vice Presidentsof Operations(18.7 years)

3 Sr. Vice Presidents

(24.6 years)

77.3% Female Average Tenure 5.9 years

(Average Tenure)

(1) U.S. Field Employees, as of March 31, 2015

Our employees (1)

mexico

14

1032 BranchEmployees(3.2 years)

32 Supervisors(3.9 years)

4 Vice Presidentsof Operations(4.4 years)

1 Sr. Vice President

(10.0 years)

56.0% Female Average Tenure 3.2 years

(Average Tenure)

(1) Mexico Field Employees, as of March 31, 2015

Regulatory Landscape

State Lending Regulation World Acceptance is licensed on a state by state basis and subject to licensing and regulation in each state

State statutes establish maximum loan amounts, terms, interest rates and fees charged

Consumer Financial Protection Bureau (CFPB) The Dodd-Frank Act established the CFPB which implements and enforces federal consumer financial

protection laws and regulations

The CFPB has regulatory, supervisory, examination and enforcement powers over most providers of consumer financial products and services

However, the CFPB does not have the ability to set rate caps

The CFPB formally commenced an investigation of World Acceptance on March 12, 2014 by issuing an initial Civil Investigative Demand (CID) of the Company World Acceptance responded to the initial CID with all requested documentation on April 10, 2014

World Acceptance has received and expects to continue to receive additional requests for information from the CFPB

World Acceptance has been working with outside counsel and continues to cooperate with the investigation

State Insurance Regulation State authorities regulate and supervise the insurance products and services offered

15

AGENDA

Company overview

Credit & portfolio review

Growth strategy

Financial review

16

Administration and risk control

Decentralized loan approval and collections Individual loan approval authority based on experience

and position Local presence with strong emphasis on “relationship”

lending Underwriting policies with objective credit evaluation

criteria; with emphasis on stability, ability and willingness to pay

Annual audits by internal audit staff and state regulators Established standards for lending, collections and

profitability ParaData Financial Systems – wholly owned subsidiary

17

Loan delinquency – 61 Days +Delinquencies as % of fiscal year – end gross

loans

18

2.3%2.5%

2.1% 2.2%

2.6% 2.7%2.4% 2.4% 2.5%

2.7%3.0%

4.4%

3.8%4.1%

3.4% 3.5%

4.0%4.2%

3.8% 3.8%4.0%

4.4%

5.3%

7.0%

0%

1%

2%

3%

4%

5%

6%

7%

8%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Recency Contractual

Credit loss experience – Fiscal YearCharge-off as % average loans receivable

19

14.6% 14.8%

13.3%14.5%

16.7%15.5%

14.3% 14.0% 13.9%14.7%

12.9%

0%

5%

10%

15%

20%

25%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Credit loss experience 4th Fiscal quarter

Charge-off as % average loans receivable (Annualized)

15.9% 17.4%15.6%

15.1%

13.6% 13.1% 12.7%13.7% 13.9%

13.0%

0%

5%

10%

15%

20%

25%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

20Quarters ended March 31

Agenda

Company overview

Credit & portfolio review

Growth strategy

Financial review

21

Growth strategy

Our plan is to open 30 new offices in the U.S. and 10 new offices in Mexico in fiscal 2016

Evaluate acquisitions as opportunities arise

Evaluate new states with favorable regulations and demographics for de novo openings

Maintain focus on growing existing branches

22

Offices open at year end

23

579620

732

838

944990

1,067

1,1371,203

1,2711,320

0

200

400

600

800

1000

1200

1400

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 23* CAGR computed for Fiscal Years 2005-2015

Offices open AT YEAR END in Mexico

2

16

37

63

80

95

105

119

133

148

0

20

40

60

80

100

120

140

160

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

24

Year end gross loans receivable (in millions)

25

$352$416

$506

$600

$671

$770

$875

$973

$1,067$1,112 $1,110

0

200

400

600

800

1000

1200

1400

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

25* CAGR computed for Fiscal Years 2005-2015

Loan origination volume(in millions)

26

$1,029

$1,218

$1,455

$1,734

$1,935

$2,261

$2,572

$2,820$2,985 $2,954

$2,724

0

200

400

600

800

1000

1200

1400

1600

1800

2000

2200

2400

2600

2800

3000

3200

3400

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Acquisition history

Fiscal yearNumber offices

Retained offices NumberAccounts Gross loans

Fiscal 2002 36 15 15,771 $ 14,890,000

Fiscal 2003 42 21 19,931 $ 22,558,000

Fiscal 2004 68 39 28,888 $ 24,499,000

Fiscal 2005 60 30 26,969 $ 27,434,000

Fiscal 2006 25 3 11,096 $ 9,084,000

Fiscal 2007 86 36 41,935 $ 20,494,000

Fiscal 2008 25 13 8,738 $ 4,546,000

Fiscal 2009 22 11 9,013 $ 10,881,000

Fiscal 2010 12 1 6,269 $ 3,902,000

Fiscal 2011 20 6 5,904 $ 3,979,000

Fiscal 2012 25 2 5,937 $ 4,255,000

Fiscal 2013 12 3 4,377 $ 2,559,000

Fiscal 2014 7 1 1,669 $ 1,009,000

Fiscal 2015 5 2 1,952 $ 1,989,000

27

World’s tax preparation

Provides additional service for existing customers

Excellent fit for World’s customer demographics

Excellent fit for World’s employees due to seasonality

Excellent revenue potential with little additional expense

56,000 returns completed in fiscal 2015

Approximately $9.9 million in net fees generated in fiscal 2015

28

Expansion in Mexico

Why Mexico? Favorable regulatory climate Tremendous potential market

Status at March 31, 2015 148 offices opened since September 2005 Approximately 142,000 accounts Approximately $94.3 million in gross ledger balance 14.3% net charge-offs to average net loan in fiscal

2015 Plan to open a total of 10 offices in fiscal 2016

29

Agenda

Company overview

Credit & portfolio review

Growth strategy

Financial review

30

Financial highlights

Fiscal Year

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Revenue Increase

15.1% 17.6% 15.4% 20.2% 18.4% 13.8% 12.4% 11.5% 9.9% 8.1% 5.8% 1.9%

Net IncomeIncrease

25.8% 18.2% 13.3% 19.9% 8.8% 12.4% 30.4% 23.9% 10.4% 3.4% 2.4% 6.8%

EPSIncrease

19.2% 16.8% 16.1% 24.3% 15.1% 18.7% 29.7% 26.5% 18.3% 20.1% 20.0% 27.3%

Avg. Net Loan

Growth13.4% 18.1% 14.2% 20.2% 20.0% 14.1% 13.7% 14.5% 11.6% 10.6% 7.0% 2.4%

Return on Avg. Assets

11.7% 11.8% 11.9% 12.2% 11.0% 10.9% 12.7% 13.9% 13.9% 13.0% 12.3% 12.9%

Return on Avg. Equity

21.5% 20.1% 19.9% 20.9% 21.2% 21.2% 22.1% 22.8% 23.6% 27.0% 31.2% 37.6%

Same StoreRevenue

9.8% 8.6% 10.1% 12.5% 8.9% 7.7% 8.1% 9.0% 6.8% 5.5% 3.7% .83%

31

Net Earnings – Fiscal years(in millions)

32

$34$39

$46$50

$56

$74

$91

$101$104

$107

$114

0

20

40

60

80

100

120

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Earnings Per Share – Fiscal years

$1.74 $2.02$2.51

$2.89$3.43

$4.45

$5.63

$6.63

$8.00

$9.60

$12.22

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

33

Operating returns as a percent of total revenues

27.8% 28.3%29.7%

28.7%27.1%

30.3%32.2% 32.2% 31.5% 31.0% 31.7%

0%

5%

10%

15%

20%

25%

30%

35%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

C l 1 34

Operating returns on average loans – Fiscal years

22.4% 23.0%24.2%

23.3%21.9%

24.1%24.9% 24.6%

23.5% 22.9% 23.3%

0%

5%

10%

15%

20%

25%

30%

2005 2006 2007 2008 2008 2010 2011 2012 2013 2014 2015

35

World’s return on assets and equity

11.8% 11.9% 12.2%11.0% 10.9%

12.7%13.9% 13.9%

13.0% 12.3% 12.9%

20.1% 19.9%20.9% 21.2% 21.2%

22.1% 22.8%23.6%

27.0%

31.2%

37.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

ROA ROE

36

Capitalization: Equity rich(At March 31, 2015; $ millions)

Revolving Senior Notes, $501.2,

61.1%

Equity, $318.6,38.9%

37

Cash flow growth strengthens the balance sheet

Total capitalization ($ millions)

$157 $190 $210 $229 $245 $296

$383 $443 $419

$366 $307 $319

$95 $84

$101

$171 $215

$208

$176

$189 $279 $400 $506 $501

-

50

100

150

200

250

300

350

400

450

500

550

600

650

700

750

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Equity Debt

38Note: Total debt represents the outstanding balance of the revolver debt at March 31, 2015

D/E Ratio 0.6 0.4 0.4 0.7 0.9 0.7 0.5 0.4 .7 1.1 1.6 1.6

Stock repurchase programFISCAL YEAR SHARES PURCHASED AVERAGE PURCHASE PRICE PER SHARE

• Fiscal 1996 176,000 shares $10.00

• Fiscal 1997 1,810,000 shares $ 7.88

• Fiscal 2000 144,000 shares $ 5.03

• Fiscal 2001 275,000 shares $ 5.21

• Fiscal 2002 251,891 shares $ 8.65

• Fiscal 2003 1,623,549 shares $ 7.39

• Fiscal 2005 486,000 shares $18.01

• Fiscal 2006 800,400 shares $25.98

• Fiscal 2007 1,209,395 shares $44.73

• Fiscal 2008 1,375,100 shares $30.44

• Fiscal 2009 288,700 shares $27.19

• Fiscal 2010 38,500 shares $37.26

• Fiscal 2011 1,298,057 shares $41.09

• Fiscal 2012 2,181,045 shares $64.10

• Fiscal 2013 2,569,597 shares $71.24

• Fiscal 2014 2,091,699 shares $91.09

• Fiscal 2015 1,432,058 shares $80.53

• Total 18,050,991 shares $47.04

39$849,189,393

Key considerations

Profitable and Growing Company Serving an Expanding Market

Experienced and Involved Management Team

Proven Profitability in Various Economic Conditions

Low Leverage Offers Future Flexibility

Focused on Core Business

Management Bonus Structure Focused on Building Maximum Shareholder Value

Consistent Performance Over 50 Years

40

Questions

41