Police and Families Credit Union, CRX Investments Pty. Ltd., First Credit Union, Andrew Alexander Holliday Managing Director of Finzsoft Solutions Limited (NZSE:FIN), Susan Jane Hurring, Timothy James Hurring, Sulabh Sharma, Sheenu Chawla, Zinka Matulic and Timothy James Hurring entered into an agreement to make an offer to acquire Finzsoft Solutions Limited (NZSE:FIN) from Silverlake Axis Ltd (SGX:5CP), CRX Investments Pty. Ltd., HGH (ICT Investments No. 2) Limited and others for NZD 10.1 million on March 9, 2020. Under the terms of the offer, the buying consortium, will acquire all the shares of Finzsoft Solutions at price of NZD 1.15 per share with a provision to carry on compulsory acquisition at same price. The buying consortium has acceptance with respect to 8.29 million shares representing 94.18% shares in the capital of Finzsoft Solutions. As of April 24, 2020, Finzsoft Solutions Limited will delist from May 4, 2020. The transaction is subjected to valid acceptance of the offer making at least 50% shareholding by the offeror. The board of Finzsoft has formed a Board committee to oversee Finzsoft's response comprising of Bob McKinnon and Josephine Grierson. The offer is unconditional in all aspects on March 23, 2020. The offer will commence on March 23, 2020 and closes on April 22, 2020. Computershare Investor Services Limited acted as registrar for Finzsoft Solutions Limited, in the offer.

Police and Families Credit Union, CRX Investments Pty. Ltd., First Credit Union, Andrew Alexander Holliday Managing Director of Finzsoft Solutions Limited (NZSE:FIN), Susan Jane Hurring, Timothy James Hurring, Sulabh Sharma, Sheenu Chawla, Zinka Matulic and Timothy James Hurring completed the acquisition of Finzsoft Solutions Limited (NZSE:FIN) from Silverlake Axis Ltd (SGX:5CP), CRX Investments Pty. Ltd., HGH (ICT Investments No. 2) Limited and others on April 22, 2020. Post completion, The buyers has achieved the minimum level of 90% stock and they will go for compulsory acquisition for the remaining stock. The compulsory acquisition will commence from April 24, 2020 to May 25, 2020.