PACIFIC EDGE LIMITED — Capital/Financing Update 2017

Oct 17, 2017

18 October 2017

Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street WELLINGTON 6011

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PACIFIC EDGE LIMITED (NZX: PEB): RIGHTS ISSUE NOTICE OF OFFER OF SAME CLASS FINANCIAL PRODUCTS FOR ISSUE

1. Pacific Edge Limited ( PEL ) intends to undertake a pro-rata 1 for 6 renounceable rights offer of new quoted ordinary shares ( Offer ).

2. Pursuant to clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 ( FMCA ) and clause 20 of Schedule 8 of the Financial Markets Conduct Regulations 2014 ( FMC Regulations ), PEL advises that:

   • a. The Offer is being made in reliance upon the exclusion in clause 19 of Schedule 1 of the FMCA and PEL is giving this notice under clause 20(1)(a) of Schedule 8 of the FMC Regulations.

   • b. As at the date of this notice, PEL is in compliance with:

     • i. the “ continuous disclosure obligations ” that apply to it in relation to PEL's quoted ordinary shares;

     • ii. its "financial reporting obligations" within the meaning set out in clause 20(5) of Schedule 8 of the FMC Regulations.

   • c. As at the date of this notice, there is no information that is "excluded information" within the meaning set out in clause 20(5) of Schedule 8 of the FMC Regulations.

3. The Offer is not expected to have any material effect or consequence on the control of PEL.

On behalf of Pacific Edge Limited

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Chris Gallaher Chairman

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