EML PAYMENTS LIMITED — Capital/Financing Update 2021

Mar 18, 2021

19 March 2021

ASX Market Announcements 20 Bridge Street SYDNEY NSW 2000

Release of securities subject to voluntary

escrow

+61 (07) 3557 1100 Level 12 333 Ann Street Brisbane QLD 4000 EML Payments Limited ACN 104 757 904

EML Payments Limited (ASX: EML) advises that in accordance with ASX Listing Rule 3.10A that 29,413,161 fully paid ordinary shares currently held under voluntary escrow will be released on 31 March 2021. The above shares were issued under the renegotiated terms of the Prepaid Financial Services Limited (PFS) acquisition as announced to the market on 31 March 2020.

The release of these shares does not change the issued capital of the Company.

About EML Payments Limited

At EML we develop tailored payment solutions for brands to make their customers lives simpler. Through next-generation technology, our portfolio of payment solutions offers innovative options for disbursement payout’s, gifts, incentives and rewards. We're proud to power many of the world’s top brands and expect to process over $18 billion in GDV in FY21 across 28 countries in Australia, Europe and North America. Our payment solutions in 27 currencies are safe and secure, easy and flexible, providing customers with their money in real-time. We know payments are complex, that’s why we've made the process simple, smart and straightforward, for everyone.

We encourage you to learn more about EML Payments Limited, by visiting: EMLpayments.com

This ASX announcement has been authorised for release by the Joint Company Secretaries.

For further information, please contact:

Paul Wenk

Joint Company Secretary pwenk@emlpayments.com.au +61 (0) 438 881 704

Sonya Tissera-Isaacs

Joint Company Secretary stisaacs@emlpayments.com.au +61 (0) 400 297 242

EML Payments Limited (ASX: EML)