PACIFIC EDGE LIMITED — Share Issue/Capital Change 2023

Dec 15, 2023

Template Capital Change Notice

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Updated as at June 2023

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information

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----- Start of picture text ----- Name of issuer Pacific Edge LimitedNZX ticker code PEBClass of financial product Ordinary SharesISIN (If unknown, check on NZX website) NZPEBE0002S1Currency NZDSection 2: Capital change detailsNumber issued/acquired/redeemed 554,232 Ordinary SharesNominal value (if any) Not ApplicableIssue/acquisition/redemption price per security NZD$0.081 per share, being atotal of NZD$44,893.Nature of the payment (for example, cash or other Non-cash consideration, beingconsideration) in recognition of performanceas an employee in lieu of cashbonusAmount paid up (if not in full) Paid in fullPercentage of total class of Financial Products 0.068%issued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence) [1]For an issue of Convertible Financial Products or Options, the Not Applicableprincipal 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)Reason for issue/acquisition/redemption and specific authority Issue of shares in lieu of bonusfor issue/acquisition/redemption/ (the reason for change mustbe identified here)Total number of Financial Products of the Class after the 811,271,344issue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.In the case of an acquisition of shares, whether those shares Not Applicableare to be held as treasury stockSpecific authority for the issue, acquisition, or redemption, Board resolution dated 14including a reference to the rule pursuant to which the issue, December 2023 and Listingacquisition, or redemption is made Rule 4.6.1----- End of picture text -----

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

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----- Start of picture text ----- Terms or details of the issue, acquisition, or redemption (for New ordinary shares whichexample: restrictions, escrow arrangements) rank equally with other fullypaid ordinary sharesDate of issue/acquisition/redemption [2] 15 December 2023Section 3: Authority for this announcement and contact personName of person authorised to make this announcement Grant GibsonContact person for this announcement Grant GibsonContact phone number 0800 555 563Contact email address grant.gibson@pelnz.comDate of release through MAP 15 December 23----- End of picture text -----

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).