An anonymous director reports

PAYFARE ANNOUNCES SHAREHOLDER APPROVAL OF ITS ACQUISITION BY FISERV

Payfare Inc.'s Class A common shareholders have voted in favour of the previously announced acquisition of Payfare by 1517452 B.C. Ltd., an affiliate of Fiserv Inc., pursuant to a plan of arrangement under the Business Corporations Act (British Columbia), at the company's special meeting of shareholders held earlier today.

The completion of the arrangement requires the approval of: (i) at least two-thirds of the votes cast at the meeting by shareholders in person or represented by proxy and entitled to vote at the meeting; and (ii) a simple majority of the votes cast at the meeting by shareholders in person or represented by proxy and entitled to vote at the meeting, excluding the votes attached to the Class A common shares of the company required to be excluded in accordance with Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions.

The matter voted upon at the meeting and the results of the voting are detailed in the attached table.

Subject to receipt of a final order in respect of the arrangement from the Supreme Court of British Columbia and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement entered into among the company, Fiserv and the purchaser, dated Dec. 22, 2024, the arrangement is expected to close in Q1 (first quarter) 2025.

Further details regarding the arrangement are provided in the circular, which is available on SEDAR+ under the company's issuer profile.

About Payfare Inc.

Payfare is a leading, international provider of embedded payments and banking solutions, with particular expertise in program management for new economy work forces. Payfare partners with leading e-commerce marketplaces, payroll platforms and employers to provide financial security and inclusion for all workers.

About Fiserv Inc.

Fiserv, a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas, including: account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500 Index and is one of FortuneWorld's Most Admired Companies.

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