• WRKR to acquire 100% of PaidRight, a leading payroll compliance platform
• Acquisition accelerates WRKR's Phase 2 growth strategy into payroll compliance
• Combined offering aims to transform compliance for millions of Australian employers and workers

WRKR Ltd has entered into a binding agreement to acquire 100% of the issued capital in PaidRight, a leading payroll compliance platform and service company for Australian enterprises. The combination of WRKR and PaidRight brings two deeply complementary Australian-built, innovative regtech solutions together with the aim of making compliance more accurate and simple across the entire pay cycle. The acquisition combines WRKR's platform, scale and reach with PaidRight's innovative payroll compliance technology and solutions, and has the potential to transform compliance for millions of Australian employers and workers. The acquisition provides WRKR with a sophisticated, proven real-time pay compliance engine that immediately accelerates WRKR's Phase 2 growth strategy beyond Superannuation, into Payroll compliance. It offers an opportunity for servicing employers currently transitioning onto the WRKR platform through the company's Superannuation and Payroll channels. The acquisition is subject to WRKR shareholder approval, which will be sought at a general meeting expected to be held in early 2026. An Independent Expert Report will accompany the notice of meeting to be sent to shareholders. If approved, PaidRight shareholders will be issued 90,909,091 shares in WRKR, equating to approximately 4.8% of WRKR's current issued capital. Integration plans are underway, however WRKR's priority is transitioning employers and members onto the WRKR platform through its superannuation initiatives. It is intended PaidRight will run as a standalone entity (with any initial savings and synergies implemented) until the commercial launch of an integrated WRKR-PaidRight solution, targeting Q3CY26.

The acquisition of PaidRight has the potential to transform compliance for millions of Australian employers and workers, with the mission of making compliance accurate and effortless across the entire pay cycle. Together, WRKR and PaidRight can provide a robust and forward-looking solution for the proactive, real-time wage accuracy that is essential for modern employer obligations.