Scheme of arrangement with Shift4

• Scheme of arrangement with Shift4 Holdings Limited approved by High Court
• Smartpay shares to be suspended from trading and delisted from NZX and ASX
• Shareholders to receive NZ$1.20 cash per share on implementation date

Smartpay Holdings Ltd (Smartpay) has announced that the High Court has granted final orders approving the scheme of arrangement under which Shift4 Holdings Limited (Shift4) will acquire all of the ordinary shares in Smartpay. Following this approval, Smartpay has applied to NZX and ASX for trading in its shares to be suspended and, subject to satisfaction of the remaining conditions and implementation of the Scheme, for Smartpay to be delisted from NZX and ASX from close of trading on the Implementation Date. The intended timetable is: Trading Halt Date on 29 October, Record Date of 7:00pm (NZDT) on 31 October, and Implementation Date of 4 November. Provided the Scheme becomes unconditional, holders of Smartpay shares on the Scheme record date will receive the consideration of NZ$1.20 in cash per Smartpay share held at that time on the Implementation Date.