Payright Limited announced that Peter McCluskey will be resigning as a Director of the Company at the end of May 2023. Peter is stepping down as a Director as a consequence of Peter's current employer KPMG also acting in the capacity as external auditor to Payright's majority shareholder MCH Investment Management Services Pty Ltd. ACN 630 333 649 atf MCP Credit Trust 1 (`Metrics'). Under the terms of Peter's employment contract with KPMG, Peter is no longer able to serve as a Director of Payright whilst KPMG remains the external auditor to Metrics.

Whilst Peter will be stepping down as Director he is able to continue to act in an advisory capacity to the Company and the Board is in the process of formalising Peter's continuing arrangement as advisor to Payright. Mr. McCluskey joined the Board of Payright as a non-executive Director in October 2021 and brought a wealth of experience to the Board of Payright.