Mr. Marco Margiotta reports

FISERV COMPLETES ACQUISITION OF PAYFARE

1517452 B.C. Ltd., an affiliate of Fiserv Inc., has completed its previously announced acquisition of Payfare Inc., pursuant to a plan of arrangement under the British Columbia Business Corporations Act.

"It's an exciting day for Payfare as we join together with Fiserv," said Marco Margiotta, chief executive officer and founding partner of Payfare. "This is a transformative step that will further our mission of providing financial security and inclusion for all workers as we innovate further and faster with Fiserv. Thank you to the dedicated Payfare team, our clients and partners who have paved a new way of pay, as we powered over $20-billion in instant access to earnings for millions of gig workers over the years."

The Class A common shares of Payfare will be delisted from the Toronto Stock Exchange, and will be withdrawn from trading in the United States on the OTCQX Best Market. Payfare will apply to cease to be a reporting issuer in Canada. The TSX will disseminate a notice announcing the delisting of the Payfare shares in due course.