PaySauce Limited — Share Issue/Capital Change 2021

Dec 22, 2021

Capital Change Notice

==> picture [134 x 80] intentionally omitted <==

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	141,377
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$0.2847 per share (being the
	_Average Market Price_of a PYSshare at the date of this
	allotment).
Nature of the payment (for example, cash or other	The shares have been issued
consideration)	in lieu of directors fees that
	would otherwise be payable incash for the period 17
	February 2022 to 30
	September 2022.
Amount paid up (if not in full)	$N/A
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number of	0.10%
Financial Products of the Class, excluding any Treasury Stock,
in existence)1
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversion	N/A
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)
Reason for issue/acquisition/redemption and specific authority	To remunerate and align the
for issue/acquisition/redemption/ (the reason for change must	interests of a new director with
be identified here)	PYS shareholders ahead of
	their formal appointment to theBoard on 17 February 2022.
Total number of Financial Products of the Class after the	138,583,819
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.
In the case of an acquisition of shares, whether those shares	N/A
are to be held as treasury stock

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

14201200_1

Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Listing Rule 4.5.1 and Boardresolution.
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	Should the director leave theBoard for any reason prior to30 September 2022, theproportion of shares that havenot been earned throughservice must be paid for incash by the director ortransferred back to PYS forcancellation.
Date of issue/acquisition/redemption2	22 Dec 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Jaime Monaghan
Contact person for this announcement	Jaime Monaghan
Contact phone number	022 5246 366
Contact email address	jaime@paysauce.com
Date of release through MAP	22 Dec 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).