PaySauce Limited — Major Shareholding Notification 2021

Dec 1, 2021

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Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013

To	NZX Limited
and
To	PaySauce Limited
Relevant event being disclosed:	Movement of 1% or more in substantial holding
Date of relevant event:	1 December 2021
Date this disclosure made:	1 December 2021
Date last disclosure made:	16 July 2020
Substantial product holder(s) giving disclosure
Full name(s):	Upakara Family Trust, Wijeyeratne & Co Limited, Cloud
	Investments Limited and Asantha Wijeyeratne
Summary of substantial holding
Class of quoted voting products:	Ordinary shares
Summary for:	Upakara Family Trust, Wijeyeratne & Co Limited, Cloud
	Investments Limited and Asantha Wijeyeratne
For this disclosure,—
(a)total number held in class:	39,548,461
(b)total in class:	138,442,442
(c)total percentage held in class:28.566%
For last disclosure,—
(a)total number held in class:	40,583,461
(b)total in class:	136,418,603
(c)total percentage held in class: 29.749%

Details of transactions and events giving rise to relevant event

Details of the transactions or

other events requiring disclosure: On 29 November 2021 Cloud Investments Limited sold 368,333 ordinary shares in an off-market transfer to Cleary Wealth Management Limited for consideration of $0.30 per share.

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On 1 December 2021 Cloud Investments Limited sold 666,667 ordinary shares in an off-market transfer to Coulthard Barnes (Paysauce) Limited for consideration of $0.30 per share.

Details after relevant event

Details for :

Upakara Family Trust

Nature of relevant interest(s): Wijeyeratne & Co Limited and Cloud Investments Limited own ordinary shares in PaySauce Limited. The ordinary shares of Wijeyeratne & Co Limited and Cloud Investments Limited form part of the property held by the trustee of the Upakara Family Trust.

For that relevant interest,—

(a) number held in class: 39,548,461 (b) percentage held in class: 28.566% (c) current registered holder(s): Wijeyeratne & Co Limited and Cloud Investments Limited (d) registered holder(s) once transfers are registered: N/A Details for : Wijeyeratne & Co Limited Nature of relevant interest(s): registered holder For that relevant interest,— (a) number held in class: 27,750,433 (b) percentage held in class: 20.044% (c) current registered holder(s): Wijeyeratne & Co Limited (d) registered holder(s) once transfers are registered: N/A Details for : Cloud Investments Limited Nature of relevant interest(s): registered holder For that relevant interest,— (a) number held in class: 11,798,028 (b) percentage held in class: 8.521% (c) current registered holder(s): Cloud Investments Limited

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(d) registered holder(s) once transfers are registered: Adminis Custodial Nominees Limited (368,333 shares); Coulthard Barnes (Paysauce) Limited (666,667 shares).

Additional information

Address(es) of substantial product holder(s):

71c Korokoro Road, Korokoro, Lower Hutt 5012, New Zealand

Contact details: asantha@paysauce.com, 021 554 600

Nature of connection between substantial product holders:

Asantha Wijeyeratne is a director of Wijeyeratne & Co Limited and Cloud Investments Limited. Upakara Family Trust is the sole shareholder of Wijeyeratne & Co Limited and Cloud Investments Limited. Asantha Wijeyeratne is a settlor and beneficiary of Upakara Family Trust.

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None

Disclosure has effect for purposes of directors’ and senior managers’ disclosure

Asantha Wijeyeratne is also a director of PaySauce Limited . This disclosure also constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure obligations.

Certification

I, Asantha Wijeyeratne , certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.