CUSCAL LIMITED — M&A Activity 2026

Apr 23, 2026

ASX ANNOUNCEMENT

24 April 2026

Paymark Acquisition - French Works Council process successfully completed

Cuscal Limited (ASX:CCL) (Cuscal or the Company) refers to its announcements on 14 April 2026 that Cuscal has entered into an exclusive arrangement with Retail International Holding S.A.S. (Worldline) to acquire 100% of the issued share capital and associated equity interests in Paymark Limited (Paymark), including entry by Cuscal and Worldline into a Put Option Agreement (the Acquisition). The Put Option Agreement provides Worldline the option to sell the shares in Paymark to Cuscal following the completion of a mandatory French Works Council consultation process.

Cuscal is pleased to advise that the French Works Council consultation process has successfully completed. Worldline has irrevocably and unconditionally exercised the put option and the Acquisition is expected to complete on 29 May 2026.

ENDS

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

For all enquiries:

Email: investor@cuscal.com.au
Wynne Edgson
Mobile +61 421 822 226

About Cuscal Limited (ABN 95 087 822 455; AFSL 244116)

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. 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.

Cuscal

Level 2, 1 Margaret St
Sydney NSW 2000
GPO Box 4720
Sydney NSW 2001
Tel: (02) 8299 9000
www.cuscal.com