Everyday People Financial Announces Closing of Divestiture of Non-Core Financial Services Subsidiaries and Debt Settlement

Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (" Everyday People " or the " Company ") is pleased to announce that, further to its news release dated July 23, 2026 announcing the voting results of its annual and special meeting of shareholders (the " Meeting "), the Company has closed (i) the previously announced divestiture of its non-core financial services subsidiaries (the " Divested Subsidiaries ") to FinCard Financial Services Inc. (" FinCard "), and (ii) the settlement of accrued directors' fees owing to certain independent directors of the Company through the issuance of common shares (the " Debt Settlement "), in each case following receipt of final acceptance from the TSX Venture Exchange (the " Exchange "). Closing of the Divestiture of the Non-Core Financial Services Subsidiaries The Company has completed the sale of the Divested Subsidiaries (Everyday People Homes Inc., EP Homes II Inc., EP Travel Card Inc., Everyday People Care Inc., Everyday People Climb Credit Inc., and Everyday People Supply Chain Solutions Inc.) to FinCard for aggregate consideration of $850,000, pursuant to a share purchase agreement dated March 11, 2026 (the " EP SPA ") between FinCard, as purchaser, and Everyday People Investments Inc., a wholly-owned subsidiary of the Company, as vendor (the " Transaction "). The Transaction was ratified and approved by a majority of the disinterested shareholders of the Company at the Meeting held on July 23, 2026. Votes attaching to common shares beneficially owned by Gordon Reykdal, EAM Enterprises Inc., Carrie Reykdal, David Guebert and Scott Sinclair, and their respective associates and affiliates, were excluded from the vote count as interested parties. Having received disinterested shareholder approval and final acceptance of the Exchange, the Transaction closed effective July 23, 2026. As a result of the closing of the Transaction, the Company will continue to focus on its core business as a pure-play international revenue cycle management company, and, as previously announced, intends to pursue a corresponding change of its name to "Global Receivables Management Inc." (or such other name as may be acceptable to applicable regulatory authorities) and a corresponding change to its trading symbol on the Exchange, in each case subject to shareholder approval, Exchange acceptance and other customary regulatory and corporate approvals, including the filing of Articles of Amendment. The Transaction constituted a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), as EAM Enterprises Inc., a private company owned by Carrie Reykdal (the wife of Gordon Reykdal, Executive Chairman of FinCard and Senior Advisor to the Company), holds an interest in FinCard. Additional information regarding the background to, and reasons for, the Transaction, and the related party transaction disclosure required under MI 61-101, is contained in the Company's management information circular dated June 23, 2026 (the " Circular ") and the Company's news release dated March 11, 2026, each available under the Company's profile on SEDAR+ at www.sedarplus.ca. Closing of the Debt Settlement The Company has also closed the Debt Settlement, pursuant to which it settled an aggregate of $291,500 of accrued directors' fees owing to David Guebert, Amy ter Haar, Nitin Kaushal and Scott Sinclair (the " Related Parties "), each an independent director of the Company, through the issuance of an aggregate of 435,073 common shares of the Company (the " Settlement Shares ") at a deemed price of $0.67 per common share, as follows: Director Accrued Fees Owing ($) Settlement Sha...