PACIFIC EDGE LIMITED — Share Issue/Capital Change 2021

Oct 19, 2021

==> picture [101 x 49] intentionally omitted <==

Capital Change Notice

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	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	17,398,099
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	NZ$1.35
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)	2.20%
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)	Allotment under a retail offerconducted by PEB
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.	809,044,177
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 20October 2021 approving issueunder listing rules 4.3.1(c) and4.5.1
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	20/10/2021

2201994 | 6328703v2

Section 3: Authority for this announcement and contact person	Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Grant Gibson (CFO, PEB)
Contact person for this announcement	Grant Gibson (CFO, PEB)
Contact phone number	+64 3 479 8500
Contact email address	grant.gibson@pelnz.com
Date of release through MAP	20/10/2021

2201994 | 6328703v2