PACIFIC EDGE LIMITED — Capital/Financing Update 2021

Feb 3, 2021

Pacific Edge Limited Capital Change Notice

==> picture [100 x 41] intentionally omitted <==

Section 1: Issuer information
Name of issuer	Pacific Edge Limited
NZX ticker code	PEB
Class of financial product	Ordinary shares
ISIN (If unknown, check on NZX website)	NZPEBE0002S1
Currency	NZ$
Section 2: Capital change details
Number issued/acquired/redeemed	100,000 ordinary shares
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	$0.51 per share
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Paid in full
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any TreasuryStock, in existence)	0.0137%
For an issue of Convertible Financial Products or Options,the principal terms of Conversion (for example theConversion price and Conversion date and the ranking ofthe Financial Product in relation to other Classes ofFinancial Product) or the Option (for example, the exerciseprice and exercise date)	Not applicable
Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (the reason forchange must be identified here)	Issued on exercise of 100,000options at the exercise price of$0.51
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excludingTreasury Stock) and the total number of FinancialProducts of the Class held as Treasury Stock after theissue/acquisition/redemption.	727,144,011
In the case of an acquisition of shares, whether thoseshares are to be held as treasury stock	Not applicable
Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which theissue, acquisition, or redemption is made	By Directors resolution dated 1February 2021 approving issueunder listing rule 4.9.1(b)

2004256 | 5370298v2

Terms or details of the issue, acquisition, or redemption(for example: restrictions, escrow arrangements)	New ordinary shares which rankequally with all other fully paidordinary shares
Date of issue/acquisition/redemption	Shares were issued on the 3February 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Grant Gibson (CFO, Pacific Edge)
Contact person for this announcement	Grant Gibson (CFO, Pacific Edge)
Contact phone number	+64 3 479 5800
Contact email address	grant.gibson@pelnz.com
Date of release through MAP	4 February 2021