• Novatti served Writ of Summons by ATX Fintech Holding SB Malaysia vendors
• Dispute over payment and timing of deferred and earn-out consideration
• ATX vendors claiming approx. RMY7.38m (AUD2.67m) plus interest and costs

Novatti Group Limited (ASX: NOV) has been served a Writ of Summons in the Kuala Lumpur High Court of Malaya by the selling shareholders of ATX Fintech Holding SB Malaysia (ATX) in connection with the acquisition of ATX by Novatti in January 2022. The Company has been in dispute with the ATX vendors regarding payment and timing of deferred and earn-out consideration linked to the financial performance of ATX post-acquisition. The ATX vendors are claiming approximately RMY7.38m (approximately AUD2.67m) plus interest and costs. Provision for the majority of this amount has continued to exist in the Company's accounts, with the Company's directors having determined to make a provision for the liability at the time of acquisition. Novatti has sought, and will continue to seek, legal advice in relation to this matter as it disputes the claim, and will defend the action. Notwithstanding the dispute, ATX financial performance has improved positively during FY25 and into FY26.