PACIFIC EDGE LIMITED — Share Issue/Capital Change 2021

Mar 2, 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	A total of 302,054 ordinary shares, made
	up as follows:
	(1) 50,000 ordinary shares
	(2) 252,054 ordinary shares
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	(1) $0.28 per share
	(2) $0.23 per share
Nature of the payment (for example, cash or other	Cash
consideration)
Amount paid up (if not in full)	Paid in full
Percentage of total class of Financial Products	0.0415%
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
For an issue of Convertible Financial Products or	Not applicable
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
and the ranking of the Financial Product in relation
to other Classes of Financial Product) or the Option
(for example, the exercise price and exercise date)
Reason for issue/acquisition/redemption and	(1) Issued on exercise of 50,000 options at
specific authority for issue/acquisition/redemption/	the exercise price under the relevant
(the reason for change must be identified here)	option agreement
	(2) Issued on exercise of 252,054 options
	at the exercise price under the relevant
	option agreement
Total number of Financial Products of the Class	727,779,398
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.

2004256 | 5370298v2

In the case of an acquisition of shares, whetherthose shares are to be held as treasury stock	Not applicable
Specific authority for the issue, acquisition, orredemption, including a reference to the rulepursuant to which the issue, acquisition, orredemption is made	By Directors resolution dated 26 February2021 approving issue under listing rule4.9.1(b)
Terms or details of the issue, acquisition, orredemption (for example: restrictions, escrowarrangements)	New ordinary shares which rank equallywith all other fully paid ordinary shares
Date of issue/acquisition/redemption	2ndMarch 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make thisannouncement	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	3rdMarch 2021