PaySauce Limited — Capital/Financing Update 2021

Mar 31, 2021

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PaySauce Ltd

Capital Change Notice Updated as at 17 October 2019

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Section 1: Issuer information
Name of issuer	PaySauce Limited
NZX ticker code	PYS
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZMADE0001S4
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	607,675
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$0.2875
Nature of the payment (for example, cash or other consideration)	Remuneration arrangements under employment agreements
Amount paid up (if not in full)	N/A
Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence)1	0.445%
For an issue of Convertible Financial Products or 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)	N/A
Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here)	Issue of ordinary shares to employees as part of the remuneration arrangements under employment agreements
Total number of Financial Products of the Class 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.	137,026,278
In the case of an acquisition of shares, whether those shares are to be held as treasury stock	N/A
Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made	Director’s resolution dated 31 March 2021 and NZX Listing Rule 4.6.1

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

Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements)	New ordinary shares which rank equally with all other fully paid ordinary shares
Date of issue/acquisition/redemption2	31/03/2021
Section 3: A uthority for this announcement and contact person
Name of person authorised to make this announcement	Jaime Monaghan, CFO, PaySauce
Contact person for this announcement	Jaime Monaghan
Contact phone number	+64 22 5246366
Contact email address	investor@paysauce.com
Date of release through MAP	31/03/2021

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).