Payright Limited announced the appointment of Mr. Andrew Lockhart as a Non-Executive Director, effective 27 May 2022, as a result of Metrics Credit Holdings Pty Ltd. (Metrics) investment, via its associate, in the recently completed $9.5 million capital raise. Andrew has more than 30 years' banking, funds management and financial markets experience specialising in leverage and acquisition finance and corporate and institutional lending. Andrew's experience includes being responsible for the origination and portfolio risk management of large, diversified loan portfolios including corporate restructurings.

Andrew is a founding Managing Partner and Director of Metrics and a Non-Executive director of non-bank consumer finance companies, Taurus Finance Holdings Pty Ltd. and BC Group Holdings Limited. Metrics is an Australian based alternative asset management firm specialising in fixed income, private credit, equity and capital markets, with assets under management in excess of A$11 billion, including the Metrics Master Income Trust the Metrics Income Opportunities Trust, and several other wholesale and retail funds. This further strengthens the Payright Board following the appointment of Peter McCluskey as a Non-Executive Director in October 2021 and subsequently as Chair in November 2021, bringing more than 30 years' experience in corporate reconstruction and financial services.