CUSCAL LIMITED — Capital/Financing Update 2024

Nov 26, 2024

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ASX ANNOUNCEMENT

Wednesday, 27 November 2024

Satisfaction of Conditions for Conditional Market

Cuscal Limited (ASX: CCL) ( Cuscal or the Company ) refers to the Prospectus lodged by Cuscal and Cuscal SaleCo Limited with the Australian Securities and Investments Commission on Friday, 8 November 2024 ( Prospectus ). Capitalised terms used, but not been otherwise defined in this announcement, have the meaning given to them in the Prospectus.

Cuscal advises that the conditions for the conditional market under the Prospectus have been satisfied, namely:

• Settlement under the Offer Management Agreement; and

• That the Company has issued and transferred the Shares to successful Applicants under the Offer.

Shares will trade on the ASX on a normal settlement basis from 10:00am (Sydney time) today, Wednesday, 27 November 2024.

Cuscal confirms that despatch of holding statements will take place on Thursday, 28 November 2024.

ENDS

This announcement was authorised for release by the Chairman of Cuscal Limited.

For all enquiries Email investor@cuscal.com.au

Ryan Thompson at Sodali & Co Mobile +61423 151 378 Phone +612 9066 4044

About Cuscal Limited

Cuscal is an authorised deposit taking institution (ADI), with the licences, connectivity and processing capability to support all payment types and regulated data services. The combination of these capabilities and credentials within a single organisation in Australia is limited to the four major Australian banks and Cuscal. Cuscal powers seamless and secure connections for its clients and their customers across payments and regulated data services. Having originally been formed in 1966 to service Australia’s mutual banking organisations, Cuscal’s business has focused on innovation and investment to expand its capabilities to be a leading player in Australian payments.