Paymark Acquisition French Works Council process complete

• Cuscal has entered into an exclusive arrangement with Worldline to acquire 100% of Paymark Limited
• The French Works Council consultation process has successfully completed
• Worldline has irrevocably and unconditionally exercised the put option

Cuscal Limited (ASX:CCL) refers to its previous announcements on 14 April 2026 that it has entered into an exclusive arrangement with Retail International Holding S.A.S. (Worldline) to acquire 100% of the issued share capital and associated equity interests in Paymark Limited (Paymark). The Put Option Agreement provides Worldline the option to sell the shares in Paymark to Cuscal following the completion of a mandatory French Works Council consultation process. Cuscal is pleased to advise that the French Works Council consultation process has now successfully completed. Worldline has irrevocably and unconditionally exercised the put option and the Acquisition is expected to complete on 29 May 2026.