Operational and Regulatory Update

• Raiz Invest identified historical tax compliance issues related to TFN/ABN withholding and reporting.
• An independent review is ongoing, led by WTS Australia.
• The company has notified regulators and initiated a remediation program.
• Customer funds remain secure; no immediate action required by customers.

Raiz Invest Limited (ASX: RZI) has disclosed historical tax compliance issues identified through a review of operations initiated by the CEO. The issues relate to tax file number (TFN) and Australian Business Number (ABN) withholding and reporting obligations for certain funds offered through the Raiz platform since its establishment in 2015. The company has engaged WTS Australia to conduct an independent expert review, which has identified that withholding was not applied, and related reports were not lodged with the Australian Taxation Office (ATO). The company has proactively notified the ATO and the Australian Securities and Investments Commission (ASIC) and is cooperating with them. A board-directed remediation program has begun, and the company will provide further updates as the review and engagement with regulators progresses.