PACIFIC EDGE LIMITED — Share Issue/Capital Change 2021

Jun 4, 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 500,000 ordinary shares, madeup as follows:(1) 333,334 ordinary shares(2) 166,666 ordinary shares
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	(1) $0.69 per share(2) $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 thenumber of Financial Products of the Class,excluding any Treasury Stock, in existence)	0.0687%
For an issue of Convertible Financial Products orOptions, the principal terms of Conversion (forexample the Conversion price and Conversion dateand the ranking of the Financial Product in relationto other Classes of Financial Product) or the Option(for example, the exercise price and exercise date)	Not applicable
Reason for issue/acquisition/redemption andspecific authority for issue/acquisition/redemption/(the reason for change must be identified here)	(1) Issued on exercise of 333,334 optionsat the exercise price under the relevantoption agreement(2) Issued on exercise of 166,666 optionsat the exercise price under the relevantoption agreement
Total number of Financial Products of the Classafter the issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total number ofFinancial Products of the Class held as TreasuryStock after the issue/acquisition/redemption.	728,279,398

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 2 June 2021approving issue under listing rule 4.9.1(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	3 June 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	4 June 2021