Western Union announced today that it has issued a notice of termination of the agreement to acquire International Money Express, Inc. Since signing the merger agreement, Western Union has been working closely with Intermex and relevant regulators to actively seek all approvals required to complete the transaction. Despite many efforts, both sides have failed to obtain acceptable approval. Instead, on the evening of November 10, 2026, California's Department of Financial Protection and Innovation issued final approval conditions that were unacceptable. These conditions will require Western Union to make significant adjustments to its business model, agency relationships, and implementation of long-term business strategies. Western Union believes these conditions are significant and not in the best interests of Western Union, its agents, or shareholders.

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