Everyday People's BPO receives OK to acquire ACT Credit

Mr. Gordon Reykdal reports EVERYDAY PEOPLE FINANCIAL CORP. ANNOUNCES FCA APPROVAL OF ACT CREDIT MANAGEMENT LIMITED ACQUISITION On Dec. 16, 2025, Everyday People Financial Corp.'s wholly owned subsidiary, BPO Collections Ltd., received approval from the Financial Conduct Authority in the United Kingdom in connection with the share purchase agreement dated Nov. 6, 2025, entered into between BPO and the shareholders of ACT Credit Management Ltd. to acquire all of the issued and outstanding shares of ACT. "The receipt of FCA approval represents an important regulatory milestone and allows us to move forward with the integration of ACT into our U.K. revenue cycle management operations," said Graham Rankin, co-chief executive officer RCM (U.K.) of the company. "ACT's strong reputation and operational expertise meaningfully enhance our RCM platform in the U.K. and align well with our disciplined acquisition strategy. We continue to expect ACT to contribute an annual EBITDA in the range of approximately $750,000 to $1.0-million, with anticipated annual revenue in the range of $6.0-million to $9.0-million, supporting the company's ongoing growth through targeted, accretive acquisitions." Founded over a decade ago, ACT provides comprehensive debt collection and credit management services across the U.K. and is authorized and regulated by the FCA. ACT's client base spans multiple industries, offering specialized services in debt recovery, tracing, credit reporting and legal enforcement. Under the terms of the purchase agreement, BPO is to acquire 100 per cent of the issued and outstanding shares in the capital of ACT. The company will not assume any of ACT's existing debt. The acquisition will be financed through existing cash flow, and no shares will be issued. This transaction is considered non-material for the company, does not involve the issuance of Everyday People securities and does not constitute a fundamental acquisition under TSX Venture Exchange Policy 5.3. As such, the acquisition meets the criteria of an exempt transaction under TSX-V Policy 5.3. The completion of this acquisition remains subject to customary closing conditions, including, but not limited to, the receipt of all required third party and regulatory approvals. The acquisition is anticipated to close on or about Jan. 1, 2026. No new insiders or control persons of Everyday People will be created as a result of the acquisition. Shareholder approval is not required in accordance with the TSX-V Policy 5.3. The acquisition is an arm's-length transaction, and no finder's fee is to be paid in connection with the acquisition. Shares-for-debt transaction The company is also pleased to announce that it has entered into a debt settlement agreement dated Dec. 1, 2025 with a service provider to settle outstanding indebtedness owing by the company's wholly owned subsidiary, General Credit Services Inc. This debt settlement forms part of the company's continuing initiatives to strengthen its balance sheet by reducing payables and preserving cash to support operations and advance growth within its business pillars. Pursuant to the agreement, the vendor provided services to GCS in the aggregate amount of approximately $85,154. The company has agreed to issue an aggregate of 100,000 common shares to the vendor to settle the debt in full. The vendor is an arm's-length party to the company, and the debt settlement will not result in the creation of a new insider or control person. The transaction does not constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The issuance of the settlement shares will be subject to the approval of the TSX-V. The newly issued shares will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities laws and TSX-V policies. As of the date of this news release and with the issuance of the settlement shares, the company will have 129,201,636 common shares issued and outstanding. Warrant extension The company is also pleased to announce its intention to extend the term of its outstanding warrants, subject to TSX-V approval. A total of 2,342,000 share purchase warrants were issued on Jan. 21, 2022, and subsequently amended, effective Dec. 13, 2024, to extend the term of the original warrants to expiry on Jan. 21, 2026. The company has applied to the TSX-V for approval to further extend the term of the warrants, for one more year, to Jan. 21, 2027, while retaining all other terms and conditions of the original warrants. Each warrant remains exercisable at $1.25 per common share. "We are pleased to again extend these warrants as part of our continued commitment to supporting our stakeholders," said Gordon Reykdal, executive chairman of Everyday People. "This additional one-year extension provides warrantholders with added flexibility and time to participate in the company's progress as we advance our growth strategy." In accordance with TSX-V Policy 4.1, the company notes that the term of a warrants may only be extended to a date that is no more than five years from its original date of issuance. The warrants were originally issued on Jan. 21, 2022, and the proposed new expiry date of Jan. 21, 2027, is therefore within the maximum permitted five-year term. The extension of the warrants remains subject to TSX-V approval. About Everyday People Financial Corp. Everyday People is a technology-driven financial service company with a mission to help individuals and businesses manage money better. First established in 1988, it has a work force of over 600 people operating in the United Kingdom and Canada, providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom. RCM helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and offers financial services, providing digital tools and credit access programs that support Canadians on their financial journey. Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the company is committed to providing affordable, innovative and responsible financial solutions that create lasting value for its clients, customers and shareholders. It is changing the way people manage money by enhancing its client and consumer services with its own affordability assessment programs with specialized financial products and literacy programs. It is helping everyday people rebuild their financial health for generational wealth. It stands for creativity and entrepreneurship. Its combination of companies, products and services has been established to ensure it can fulfill consumers' financial needs and service them in a low-cost and effective manner. We seek Safe Harbor.