SPH Notice – Andrew Barnes

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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: A movement of 1% or more in substantial holding.
Date of relevant event: 15 May 2020
Date this disclosure made: 15 May 2020
Date last disclosure made: 7 January 2019
Substantial product holder(s) giving disclosure
Full name(s): Andrew Barnes
Summary of substantial holding
Class of quoted voting products: Ordinary shares in PaySauce Limited
Summary for Andrew Barnes
For this disclosure,—
(a) total number held in class: 25,723,988
(b) total in class: 136,418,603
(c) total percentage held in class: 18.857%
For last disclosure,—
(a) total number held in class: 1,169,332,884
(b) total in class: 5,843,543,401
(c) total percentage held in class: 20.01%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Date of transaction or event: 16/07/19
Details of transaction or event: PaySauce Limited share consolidation (1 ordinary share for
every 50 ordinary shares previously held).
Date of transaction or event: 9/03/20
Details of transaction or event: Acquisition of PYS ordinary shares under a renounceable
rights offer.

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Consideration: NZD$911,742.28
Number of financial products to which transaction relates: 2,346,153 acquired.
Date of transaction or event: 28/04/20
Details of transaction or event: Off-market sale of PYS ordinary shares to Andrew
Christopher Robert Lockhart
Consideration: NZD$216,000
Number of financial products to which transaction relates: 450,000 disposed
Date of transaction or event: 15/05/20
Details of transaction or event: Rights issue shortfall share subscription
Consideration: NZD$150,000.18
Number of financial products to which transaction relates: 441,177 acquired
Details after relevant event
Details for Andrew Barnes
Nature of relevant interest(s): Beneficial owner of ordinary shares in PaySauce Limited
For that relevant interest,—
(a) number held in class: 25,723,988
(b) percentage held in class: 18.857%
(c) current registered holder(s): Coulthard Barnes (Paysauce) Limited
(d) registered holder(s) once transfers are registered: N/A
Additional information
Address(es) of substantial product holder(s): 99 Queen Street, Auckland, 1010 , New
Zealand
Contact details: Patrick Gamble, 09 927 9498, Level 14, 191 Queen Street, Auckland
Central, Auckland 1010, New Zealand
Nature of connection between substantial product holders: N/A
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: Not applicable
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Andrew Barnes retired as a director of PaySauce Limited on 31/12/19. This disclosure also
constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure
obligations.

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Certification
I, Andrew Barnes 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.