NZXR Share Price Enquiry into Pacific Edge Limited

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com

14 February 2019

David Darling
Chief Executive
Pacific Edge Limited

By email: David.Darling@pelnz.com


Dear David,

Price Enquiry

We write with respect to the continuous disclosure Listing Rules.

Listing Rule 10.1.1 (”the rule”) is set out in the Schedule attached to this letter. In
summary, this rule requires issuers to immediately disclose any Material Information to
NZX Limited (“NZX”). The rule provides limited exceptions to this obligation. Material
Information does not need to be disclosed where a reasonable person would not expect
the information to be disclosed and where the information is confidential and its
confidentiality is maintained and where one of five safe harbours applies.

The price of Pacific Edge Limited Ordinary Shares (“PEB”) has decreased from $0.34,
being the market close price on 7 February 2019, to $0.29, being the market price at
10:08am on the date of this letter. This represents a fall of 14.7%.

Given this fall in the price of PEB, please advise NZX whether Pacific Edge Limited
continues to comply with Listing Rule 10.1.1.

Could you please provide NZX with an answer to the above question (email:
surveillance@nzx.com) before 4:00pm on 14 February 2019.

Please note that Pacific Edge Limited’s response to this letter will be published in full to
the market.


Yours sincerely,


Philip Solarz
Market Surveillance

SCHEDULE

10.1.1 Continuous Disclosure of Material Information: Without limiting any other Rule,
every Issuer shall:

(a) once it becomes aware of any Material Information concerning it, immediately
release that Material Information to NZX, provided that this Rule shall not apply
when:

(i) a reasonable person would not expect the information to be disclosed; and

(ii) the information is confidential and its confidentiality is maintained; and

(iii) one or more of the following applies:

(A) the release of information would be a breach of law; or
(B) the information concerns an incomplete proposal or negotiation; or
(C) the information comprises matters of supposition or is insufficiently
definite to warrant disclosure; or
(D) the information is generated for the internal management purposes of
the Issuer; or
(E) the information is a trade secret.

In this Rule 10.1.1, an Issuer is aware of information if a Director or an executive
officer of the Issuer (and in the case of a Managed Fund, a Director or executive
officer of the Manager) has come into possession of the information in the
course of the performance of his or her duties as a Director or executive officer.