• Managing Director and CEO Ron Hynes to discontinue employment
• Anthony Hynes appointed as Executive Chair
• Ken Poutakidis appointed as Deputy Chair

EML Payments Limited (EML:ASX) has announced that it has elected to discontinue Mr Ron Hynes's employment agreement as Managing Director and Chief Executive Officer from 21 December 2024, having resolved that alternate leadership is required to execute the Company's strategy, EML 2.0. Ron will receive six months' notice but will not receive any equity grants given he will not be in employment on the relevant vesting dates. The Board and leadership team are wholeheartedly committed to the medium-term strategy EML 2.0, which was communicated to shareholders and the investment community at the Company's 2024 Annual General Meeting on 26 November 2024. Current Independent Non-Executive Chair, Mr. Anthony Hynes, will assume the role of Executive Chair effective 23 December 2024. Anthony brings a wealth of experience in the operation of successful global payments businesses and has developed a deep understanding of the EML business over the past six months since his appointment to the Board on 30 June 2024. The Board has also appointed Independent Non-Executive Director and Chair of the Audit and Risk Committee, Mr. Ken Poutakidis, as Deputy Chair effective 23 December 2024. Ken is an experienced ASX Director with deep understanding in equity capital markets and financial services.

Guidance for FY25 underlying EBITDA in the range of A$54-60m is affirmed.