Perpetual Limited — M&A Activity 2026

Jun 5, 2026

Perpetual GROUP

Perpetual Limited
ABN 86 000 431 827
Angel Place,
Level 14, 123 Pitt Street
Sydney NSW 2000
Australia
Phone +61 9229 9000
www.perpetual.com.au

ASX Announcement

5 June 2026

Corporate Trust agrees to acquire majority interest in Interfi and Perpetual improves its gross debt position

Perpetual Limited (Perpetual) (ASX:PPT) today announces that it has entered into a share sale deed to acquire 70% of the shares in Interfi Systems Pty Ltd (Interfi). Interfi is a privately-owned asset servicing technology business based in Victoria, Australia. The agreement is consistent with Perpetual's strategy to grow Corporate Trust and expand the capabilities in its Digital and Markets division, including through organic investment, partnerships, and bolt-on acquisitions.

Interfi is an established loan servicing technology provider to the non-bank lending sector, with around $55 billion in assets under administration¹. It has a purpose-built servicing platform that supports the full life of loan, from settlement to discharge. Its platform supports a broad range of lending products and provides core servicing capabilities including loan administration, arrears management, recovery and collections, and special servicing.

Perpetual's Chief Executive Officer and Managing Director, Bernard Reilly, said: "This transaction is in line with our strategy to invest in new capabilities in Corporate Trust to support long-term growth and retain its strong market leadership. The acquisition is expected to contribute to growth in Corporate Trust's Digital and Markets division in FY27 and beyond."

Perpetual Corporate Trust's Chief Executive Officer, Richard McCarthy, said: "The agreement with Interfi is an exciting opportunity for our business. By combining Interfi's technology platform with our Perpetual Intelligence platform, our aim is to have a broader, integrated, digital ecosystem and accelerate our ability to offer clients an automated end-to-end solution, from lending through to securitisation. Importantly, this also complements our core Debt Market Services business and products.

"The acquisition, once completed, will build on previous strategic bolt-on transactions Corporate Trust has undertaken over the last four years to accelerate growth in the Digital and Markets division."

Under the sale and purchase agreement, Perpetual will acquire a 70% stake in Interfi initially, with an option to acquire the remaining 30% of the shares by FY31. The acquisition will be funded from internally generated cashflows, and completion is expected before the end of June, subject to the satisfaction of certain conditions precedent.

Michael Dilworth, Interfi's Founder and Managing Director, will continue with the business.

Update on gross debt position

Since 31 December 2025, Perpetual has made progress on improving its gross debt position. Taking into account the Interfi acquisition, as well as debt facility repayments that have occurred late in the

¹ As at 30 April 2026. Sourced from unaudited management accounts.

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Perpetual GROUP

period, Perpetual currently expects its gross debt to decrease by approximately 15%² for the period to 30 June 2026 (gross debt was $742 million³ as at 31 December 2025).

-Ends-

This announcement was authorised for release by Perpetual's Chairman and Perpetual's Managing Director and Chief Executive Officer.

Contacts:

Investors:

Susie Reinhardt
Head of Investor Relations
Perpetual Limited
+61 2 9125 7047
susie.reinhardt@perpetual.com.au

Media:

Jon Snowball
Sodali & Co
+61 477 946 068
jon.snowball@sodali.com

About Perpetual Group

Perpetual Limited (Perpetual Group) is an ASX listed (ASX:PPT) global financial services firm operating a multi-boutique asset management business, and wealth management and trustee services businesses.

Perpetual Group owns leading asset management boutiques including Perpetual, Pendal, Barrow Hanley, J O Hambro, Trillium, and TSW, as well as the Regnan brand.

Perpetual Group's wealth management business services high-net worth clients, not for profits, and private businesses through brands such as Perpetual Private, Fordham, and Jacaranda Financial Planning.

Perpetual Group's corporate trust business provides services to managed funds, the debt market and includes a growing digital and markets business.

Headquartered in Sydney, Perpetual services its global client base from offices across Australia as well as internationally from Asia, Europe, the United Kingdom, and United States.

² This information is subject to the finalisation of Perpetual's financial results and audit for the period.
³ Inclusive of capitalised facility costs.