Mr. Jason Ewart reports

HANK PAYMENTS RESPONDS TO PRESS RELEASE ISSUED BY MELROSE VENTURES

Hank Payments Corp. wishes to respond to the press release that was issued by Melrose Ventures on Nov. 4, 2024.

The company believes that the takeover offer is without merit and the claims made by the Melrose Group in the press release are baseless and defamatory.

The Melrose Group is not the business founder of Hank. Hank does not owe any debts to the Melrose Group, as is evidenced in the company's financial statements. There have been no insider reports, early warning reports or press releases filed regarding the Melrose Group's claim of an ownership position exceeding 10 per cent of the company. These are regulatory requirements, and its statement of a greater than 10-per-cent ownership of Hank is in violation of the regulations given no filings have been completed. The Melrose Group has been informed of these requirements by the company in the past and it has not provided any proof of ownership of shares of Hank. The group states that its intention is to purchase a minimum of 8.5 million shares of the company to bring its stake above 51 per cent does not make any sense based on the number of issued and outstanding shares of the company being 132,720,376 as of Nov. 1, 2024. On Saturday, Nov. 2, 2024, the Melrose Group sent an e-mail to the company of its intention to submit a takeover bid and then, on Nov. 3, it sent another e-mail threatening to issue a news release. There was no formal takeover offer provided to the company on Nov. 2. The Melrose Group attempted to extract non-public information regarding the company and its continuing transaction announced in September, 2024. To be clear, no formal takeover bid has been provided by Melrose Group and it has not adhered to any of the rules and regulations required in order to make a proper takeover bid to Hank's shareholders.

The company will only respond to a bona fide takeover bid that is in accordance with the rules and regulations that govern such a transaction. This is not that and the company will not respond further to baseless press releases provided by the Melrose Group.

The company is continuing with the acquisition announced in August, has grown revenues meaningfully and has early interest from customers in using the technology being acquired, and the company believes that in time the transaction will create meaningful value.

About Hank Payments Corp.

Hank Payments is a North American leader in consumer fintech software-as-a-service (SaaS) and banking-as-a-service (BaaS) platforms that manages consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion.

We seek Safe Harbor.