3 Year Major Bank Agreement and $14.4m Portfolio Acquisition

• Signed three-year agreement with a major Australian bank
• Completed first portfolio acquisition under the agreement
• Acquired portfolio of 17,000 accounts for $14.4 million

Pioneer Credit Limited has entered into a three-year agreement with one of Australia's four major banks and completed the first portfolio acquisition under that agreement. The agreement provides a framework for future portfolio acquisitions. The acquired portfolio comprises approximately 17,000 customer accounts with a face value of approximately $206 million and was purchased for $14.4 million. Active servicing of the accounts will commence in early February 2027. Pioneer is the only purchaser with agreements in place with each of Australia's four major banks.

Pioneer plans to remain disciplined and focused on delivering appropriate outcomes for customers, the bank, and shareholders.