Settlement with former CEO and Loan Note repayment

PCI-PAL PLC

("PCI Pal", the "Group" or the "Company")

Settlement with former Chief Executive and receipt of Loan Note repayment

PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, announces that it has signed a settlement agreement with William Catchpole, the Group's former Chief Executive Officer.

Under the terms of the agreement, Mr Catchpole will receive his contracted entitlements plus an additional payment of £100,100 in full and final settlement of all other claims.

Further to its announcement on 1 November, the Company has also received the final £250,000 loan note repayment due this year, in line with the terms of the contract for the sale of the Group's contact centre business.

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About PCI Pal:

PCI Pal is a Payment Card Industry-Data Security Standard ("PCI DSS") Level 1 certified supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.

To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/