PACIFIC EDGE LIMITED — Share Issue/Capital Change 2020

Oct 27, 2020

Pacific Edge Limited Capital Change Notice

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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	A total of 650,000 ordinaryshares, made up as follows:(1) 100,000 ordinary shares(2) 200,000 ordinary shares(3) 350,000 ordinary shares
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	(1) $0.535 per share(2) $0.510 per share(3) $0.23 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 Treasury Stock,in existence)	0.090%
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) or theOption (for example, the exercise price and exercise date)	Not applicable
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	(1) Issued on exercise of100,000 options at theexercise price under therelevant option agreement(2) Issued on exercise of200,000 options at theexercise price under therelevant option agreement(3) Issued on exercise of350,000 options at theexercise price under therelevant option agreements

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Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	725,413,562
In the case of an acquisition of shares, whether those sharesare 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 the issue,acquisition, or redemption is made	Directors resolution dated 21October 2020 approving issueunder listing rule 4.9.1(b)
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	New ordinary shares whichrank equally with all other fullypaid ordinary shares
Date of issue/acquisition/redemption	21stOctober 2020
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Grant Gibson (CFO, PacificEdge)
Contact person for this announcement	Grant Gibson (CFO, PacificEdge)
Contact phone number	+64 3 479 5800
Contact email address	grant.gibson@pelnz.com
Date of release through MAP	27/10/2020