IEG Holdings Corporation (IEGH) Increases Loan Volumes to New Record High
and Reiterates Upgraded First Quarter 2017 Earnings/Dividend Guidance

LAS VEGAS, NV--(Marketwired - December 14, 2016) - IEG Holdings Corporation
(IEGH) today released the update below to summarize its current short-term
plans and outlook.

Record High Loan Volumes

IEG Holdings Corporation has provided a further $60,000 in new consumer
loans to date in December. Since January 2015, cumulative loan volume has
increased by 154% from $5,549,023 to $14,079,023 as at December 13, 2016.

First Quarter 2017 Earnings Guidance

Effective January 1, 2017, management will fully implement the significant
cuts to consulting fees, salaries/compensation and other operating expenses
that were previously discussed in IEGH's November 3, 2016 corporate
strategy update.

As a result of these cuts, management now forecasts a small inaugural net
profit and a positive operating cash flow position for the three months
ending March 31, 2017. IEGH is in the strongest fundamental position in its
history of operation in the US and management is very confident in its
short, medium and long-term prospects.

Dividend Policy and Capital Management Policy Changes

In light of IEGH's anticipated improvements in financial position, IEGH
will change its dividend policy in 2017. IEGH intends to pay a small
dividend to shareholders in April 2017 after its first quarter 2017 results
are released and expects to pay ongoing regular quarterly dividends.

In addition to the change in dividend policy, IEGH plans to investigate
capital management policy changes in the short-term, including potential
stock repurchases.

12% Senior Unsecured Notes

IEG Holdings Corporation has launched its private offering of up to $10
million aggregate principal amount of its 12% senior unsecured notes due
December 31, 2026 (the "Notes"), on a self-underwritten basis. There can be
no assurance that the private offering of Notes will be completed. IEGH
intends to use the net proceeds of the offering to increase the size of its
loan book.

The Notes will be offered in a private offering exempt from the
registration requirements of the Securities Act of 1933, as amended (the
"Securities Act"). The Notes will not be or have not been registered under
the Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration

This press release is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation of an
offer to buy the Notes or any other securities and shall not constitute an
offer to sell or a solicitation of an offer to buy, or a sale of, the Notes
or any other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.

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About IEG Holdings Corporation
IEG Holdings Corporation (IEGH) ("IEG Holdings") provides online unsecured
consumer loans under the brand name, "Mr. Amazing Loans," via its website,, in 18 US states. IEG Holdings offers $5,000 and
$10,000 loans over a term of five years at a 19.9% to 29.9% APR. IEG
Holdings plans future expansion to 25 US states by mid-2017. For more
information about IEG Holdings, visit

Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can
be identified by words such as "believe," "expect," "anticipate," "plan,"
"potential," "continue" or similar expressions. Such forward-looking
statements include risks and uncertainties, and there are important factors
that could cause actual results to differ materially from those expressed
or implied by such forward-looking statements. These factors, risks and
uncertainties are discussed in IEG Holdings' filings with the Securities
and Exchange Commission. Investors should not place any undue reliance on
forward-looking statements since they involve known and unknown,
uncertainties and other factors which are, in some cases, beyond IEG
Holdings' control which could, and likely will, materially affect actual
results, levels of activity, performance or achievements. Any
forward-looking statement reflects IEG Holdings' current views with respect
to future events and is subject to these and other risks, uncertainties and
assumptions relating to operations, results of operations, growth strategy
and liquidity. IEG Holdings assumes no obligation to publicly update or
revise these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available
in the future.

The contents of IEG Holdings' website referenced herein are not
incorporated into this press release.

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