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PE Dual Lists on ASX; Announces Capital Raise to Accelerate

Capital Raise22 September 2021PEBHealthcare

Company Announcement
23 September 2021

PEB DUAL LISTS ON ASX; ANNOUNCES CAPITAL RAISE TO ACCELERATE EXECUTION OF

GROWTH OPPORTUNITIES


Cancer diagnostics company, Pacific Edge Limited (NZX: PEB) is pleased to announce that it has been admitted to

the official list of the Australian Securities Exchange (ASX) as a foreign exempt listing and is conducting an equity

raise consisting of a placement of NZ$60 million* (A$58.1 million

1

) with a Retail Offer of up to NZ$20 million

(A$19.4 million) to eligible investors** to capitalise on recent commercial milestones and to accelerate the

execution of its growth strategy in markets of scale.


Pacific Edge Admitted as Foreign Exempt Listing on ASX


The ASX has approved Pacific Edge’s application for a foreign exempt listing on the ASX and admitted the

Company to the official list of ASX on the evening of 22 September 2021. Trading of Pacific Edge’s shares on ASX is

expected to commence at 11:00am (AEST) / 2:00pm (NZDT) on Monday 27 September 2021, enabling

shareholders to trade their Pacific Edge shares on the NZX or ASX.


Pacific Edge has been allocated the ASX ticker code of "PEB". To trade on either exchange, shares will need to be

registered on the share register for the particular jurisdiction. Shareholders wishing to move their shares to the

ASX or NZX register should contact either their share broker or Pacific Edge's share registry, Link Market Services

Limited, either by calling 09 375 5998 or email enquiries@linkmarketservices.co.nz. Pacific Edge will proudly

remain a New Zealand company and continue its primary listing on the NZX.


Capital Raising to Accelerate Growth Opportunities


Pacific Edge is conducting an equity raise to capitalise on recent commercial milestones and execute and

accelerate its growth strategy in markets of scale.


Funds raised will be used as follows:

 The majority of the funds will be used to accelerate growth in the company’s key US market;

 To further develop and grow the commercial process in Southeast Asia targeting both primary care and

secondary care physicians;

 To further leverage the company’s first mover advantage in the detection and management of urothelial

cancer;

 To potentially develop and grow new product opportunities by leveraging the company’s intellectual

property across other cancers that can be detected in urine; and

 To maintain a prudent cash buffer for balance sheet management and working capital purposes as the

company transitions to profitability.



1

Based on a NZD/AUD exchange rate of 0.9683 as at 22 September 2021.

* With the ability for Pacific Edge to increase the size of the placement at its discretion.

** With the ability to accept oversubscriptions, subject to demand and at the discretion of the Board.

Company Announcement
23 September 2021

Pacific Edge has a well defined growth strategy and its primary focus remains to grow the adoption of multiple

Cxbladder products by an increasing number of large scale institutional accounts in each of the company’s

targeted markets. Positive progress is being made on strategic initiatives and, despite the ongoing impact from

Covid-19 and the recent escalation of the Delta variant, the company continues to deliver month on month

increases in revenue and test numbers.


Chair of Pacific Edge, Chris Gallaher, said: “The achievement of significant commercial milestones has positioned

Pacific Edge to take advantage of growth opportunities in markets of scale, particularly the US. While test sales

and revenue are already growing, additional capital will enable Pacific Edge to accelerate the execution of our

growth strategy and capitalise on opportunities. The ASX dual listing combined with an equity raise offers a

number of benefits for the Company and shareholders including access to a wider pool of healthcare and other

investors, increased liquidity, the opportunity for further analyst coverage and an acceleration in commercial

activity.”


Details of the Placement


Pacific Edge intends to undertake a Placement of new shares to raise around NZ$60* million (A$58.1 million).

The institutional bookbuild and Placement will occur while Pacific Edge is in trading halt, with participants

expected to include a range of institutional and wholesale investors from New Zealand, Australia and

internationally. A trading halt has been granted by NZX prior to the market opening today.


Bell Potter Securities Limited, Forsyth Barr Limited and Jarden Securities Limited are the Joint Lead Managers for

the Placement.


Details of the Retail Offer


Following completion of the Placement, Pacific Edge intends to offer Eligible Shareholders

2

in New Zealand the

opportunity to participate in a Retail Offer, to raise up to a further NZ$20 million** (A$19.4 million). Each Eligible

Shareholder will be entitled to subscribe for up to NZ$50,000 of new shares under the Retail Offer. Shares will be

offered at the lower of the price paid for shares under the placement and the volume weighted average price of

Pacific Edge's shares on the NZX over the 5-day trading period before the closing date of the retail offer (being 13

October 2021, unless extended). The full terms of the Retail Offer will be contained in the Retail Offer document

which will be distributed to all Eligible Shareholders in due course.


Pacific Edge concludes that the Retail Offer will cater for a high majority of the Company’s non institutional

shareholders, enabling them to participate and potentially increase their relative percentage holdings in Pacific

Edge.


The Pacific Edge shares to be issued under both the Placement and Retail Offer will rank equally in all respects

with Pacific Edge’s existing ordinary shares.


2

Eligible Shareholder means a person who, at 5.00pm on the Record Date, is registered as a PEB shareholder and whose

address (as recorded on the share register) is in New Zealand.

* With the ability for Pacific Edge to increase the size of the placement at its discretion.

** With the ability to accept oversubscriptions, subject to demand and at the discretion of the Board

Company Announcement
23 September 2021


Key dates relating to the Placement and Retail Offer are set out below.


Additional Information


Additional information regarding the equity raising is contained in the presentation which accompanies this

announcement. The presentation contains important information including key risks and foreign selling

restrictions with respect to the capital raising. Nothing contained in this announcement constitutes investment,

legal, tax or other advice. Investors should seek appropriate professional advice before making any investment

decision.


A cleansing notice and corporate action notice also accompany this announcement.


Capital Raise Timetable


Record Date – Retail Offer 5:00pm (NZST) on 22 September 2021

Announcement of capital raise 23 September 2021

Announce completion of placement and trading halt lifted on NZX No later than immediately prior to

market open on 24 September 2021

Opening Date – Retail Offer opens and offer document distributed

to eligible shareholders

28 September 2021

ASX settlement of Placement 29 September 2021

Allotment and trading of Placement shares on ASX commences

Settlement, allotment and trading of Placement shares on NZX

commences

30 September 2021

Closing date - Retail Offer 13 October 2021

Settlement, allotment and trading of Retail Offer shares commences 20 October 2021


All dates and times are indicative only and subject to change.


ENDS


Conference call details


Pacific Edge will host a conference call to discuss the offer at 11.00am NZST on Thursday 23 September 2021.

Participants can join the zoom call at:

https://us02web.zoom.us/j/85644419084?pwd=UlVrTXNwVU1LVzZjS01lTitMdVF2QT09

Meeting ID: 856 4441 9084

Passcode: 421572


This announcement has been prepared for publication in New Zealand and may not be released to US wire

services or distributed in the United States. This announcement does not constitute an offer to sell, or a

solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in

this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be

offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the

Company Announcement
23 September 2021

US Securities Act and applicable US state securities laws. Shares under the Retail Offer will not be offered or sold

to persons resident in the United States.


For more information contact: David Darling, Chief Executive Officer, Pacific Edge Ltd, P: +64 (3) 479 5800


For media assistance, please contact: Jackie Ellis, P: +64 27 246 2505 E: jackie@ellisandco.co.nz



OVERVIEW www.pacificedge.co.nz www.pacificedgedx.com

Pacific Edge Limited (NZX: PEB) is a New Zealand publicly listed, cancer diagnostic company specialising in the discovery and

commercialisation of diagnostic and prognostic tests for better detection and management of cancer. Its Cxbladder suite of

non-invasive, simple to use and accurate diagnostic tests provide actionable results, and better detection and management

of urothelial cancer. The company is developing and commercialising its range of Cxbladder bladder cancer tests globally

through its wholly owned central laboratories in New Zealand and the USA. The company’s products have been tested and

validated in international multi-centre clinical studies.



Refer to www.cxbladder.com for more information.

---

PACIFIC EDGE
CAPITAL RAISING PRESENTATION

23 SEPTEMBER 2021

IMPORTANT NOTICE AND DISCLAIMER
Information of a general nature

This presentation has been prepared by Pacific Edge Limited (PEL). The information in this presentation is of a general nature

and does not purport to be complete nor does it contain all the information which a prospective investor may require in

evaluating a possible investment in PEL or that would be required in a product disclosure statement, prospectus, or other

disclosure document for the purposes of the New Zealand Financial Markets Conduct Act 2013 (FMCA) or the Australian

Corporations Act 2001 (Cth). PEL is subject to a disclosure obligation that requires it to notify certain material information to

NZX Limited (NZX) and ASX Limited (ASX) for the purpose of that information being made available to participants in the market

and that information can be found by visiting www.nzx.com/companies/PEBand www.asx.com.au. This presentation should be

read in conjunction with PEL’s other periodic and continuous disclosure announcements released to NZX.

Proposed offer

This presentation has been prepared by PEL in relation to the proposed offer of fully paid ordinary shares in PEL (New Shares)

pursuant to a private placement to institutional and other selected investors, and subsequent share purchase plan for existing

shareholders with a registered address in New Zealand, in each case under clause 19 of Schedule 1 of the FMCA (Offer). PEL

reserves the right to vary the dates of the Offer (either generally or in particular cases) or to withdraw the Offer without prior

notice.

Notwithstanding the proposed Offer, this presentation is for information purposes only and is not itself an invitation or offer of

financial products for subscription, purchase or sale in any jurisdiction. Any decision to purchase New Shares in the Offer must

be made on the terms set out in a separate offer document (Offer Document). Any shareholder or investor who wishes to apply

for New Shares under the Offer will need to apply in accordance with the instructions contained in the Offer Document.

NZX

The New Shares have been accepted for quotation by NZX and will be quoted on the NZX Main Board following completion of

allotment procedures. However NZX accepts no responsibility for any statement in this document. NZX is a licensed market

operator, and the NZX Main Board is a licensed market regulated under the FMCA.

ASX

PEL has been admitted to the official list of ASX as a foreign exempt issuer, immediately prior to the announcement of the Offer.

PEL shares will commence trading on ASX following completion of the private placement. PEL will apply for quotation of the

New Shares on the market operated by ASX following completion of the allotment procedures. ASX does not accept any

responsibility for any statements in this document.

Not financial product advice

This presentation does not constitute legal, financial, tax, financial product advice or investment advice or a recommendation to

acquire PEL securities, and has been prepared without taking into account the objectives, financial situation or needs of

investors. Before making an investment decision, prospective investors should consider the appropriateness of the information

having regard to their own objectives, financial situation and needs and consult an NZX Firm, solicitor, accountant or other

professional advisor if necessary.

Forward-looking statements

This presentation contains forward-looking statements that reflect PEL’s current views with respect to future events. Forward-looking

statements, by their very nature, involve inherent risks and uncertainties. Many of those risks and uncertainties are matters which are

beyond PEL’s control and could cause actual results to differ from those predicted. Variations could either be materially positive or

materially negative. The information is stated only as at the date of this presentation. Except as required by law or regulation (including the

NZX Listing Rules and ASX Listing Rules), PEL undertakes no obligation to update or revise any forward-looking statements, whether as a

result of new information, future events or otherwise. To the maximum extent permitted by law, the directors of PEL, PEL and anyof its

related bodies corporate and affiliates, and their respective officers, partners, employees, agents, associates and advisers do not make any

representation or warranty, express or implied, as to the accuracy, reliability or completeness of such information, or the likelihood of

fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement, and disclaim all

responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

Financial data

All dollar values are in New Zealand dollars unless otherwise stated.

This presentation should be read in conjunction with, and subject to, the explanations and views of future outlook on market

conditions, earnings and activities given in the announcements relating to the results, and annual report, for the year ended31March

2021.

Effect of rounding

A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject tothe effect

of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation.

Past performance

Investors should note that past performance, including past share price performance, cannot be relied upon as an indicator of(and

provides no guidance as to) future PEL performance, including future financial position or share price performance.

Investment risk

An investment in securities of PEL is subject to investment risk and other known and unknown risks, some of which are beyond the

control of PEL. PEL does not guarantee any particular return or the performance of PEL.

Distribution of presentation

This presentation must not be distributed in any jurisdiction to the extent that its distribution in that jurisdiction is restricted or

prohibited by law or would constitute a breach by PEL of any law. The distribution of this presentation in jurisdictions outsideNew

Zealand may be restricted by law, and persons into whose possession this presentation comes should observe any such restrictions.

Any failure to comply with such restrictions may violate applicable securities laws. None of PEL, any person named in this presentation

or any of their affiliates accept or shall have any liability to any person in relation to the distribution or possession of this presentation

from or in any jurisdiction.

Not for distribution or release in the United States

This presentation is not for distribution or release in the United States. This presentation does not constitute an offer to sell, or the

solicitation of an offer to buy, any securities in the United States. The New Shares have not been, and will not be, registered under the

US Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States, and may not be

offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US SecuritiesAct of

1933, as amended, and applicable US state securities laws.

Disclaimer

This presentation has been authorised for release to NZX and ASX by PEL’s board of directors. None of PEL’s advisers or any of their

respective affiliates, related bodies corporate, directors, officers, partners, employees and agents, have authorised, permitted or

caused the issue, submission, dispatch or provision of this presentation and, except to the extent referred to in this presentation, none

of them makes or purports to make any statement in this presentation and there is no statement in this presentation which is based

on any statement by any of them.

To the maximum extent permitted by law, PEL and its advisers, affiliates, related bodies corporate, nor their respective directors,

officers, partners, employees and agents:

•exclude and disclaim all liability for any expenses, losses, damages or costs incurred by investors as a result of investors'

participation in the Offer and/or the information in this presentation being inaccurate or incomplete in any way for any reason,

whether by negligence or otherwise; and

•make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of information

in this presentation; and none of them shall have any liability (including for negligence).arising in connection with this

presentation or the information contained in it.

By receiving this presentation, you agree to the above terms and conditions. All information in this presentation is providedasat 22

September 2021

2

CONTENTS
1.EXECUTIVE SUMMARY

2.CAPITAL RAISING OVERVIEW

3.COMMERCIAL AND STRATEGIC PROGRESS

APPENDICES

A.THE GLOBAL OPPORTUNITY FOR CXBLADDER

B.KEY RISKS & FOREIGN SELLING RESTRICTIONS

3

EXECUTIVE SUMMARY
A globally focused cancer

diagnostics company specialising

in developing and

commercialising molecular

diagnostic tests that address

large unmet needs in the

detection and management

of cancer

PACIFIC EDGE AT A GLANCE
A GLOBAL CANCER DIAGNOSTICS COMPANY

Validated and class leading suite of Cxbladder products

•Four urine-based diagnostic tests (Cxbladder) for the detection and management of

Urothelial Cancer (UC)

•First new molecular diagnostic tests to be commercially reimbursed in the U.S. for UC in

19 years

•Commercial sales in New Zealand, Australia, Singapore and the U.S.

•CMS reimbursement and product specific CPT codes for Cxbladder Detect and Cxbladder

Monitor

Portfolio of intellectual property and clinical evidence

•Products are underpinned by extensive clinical evidence published in top-tier

international journals

•Potential to leverage existing intellectual property into new product development for the

detection and management of other cancers that can be detected in urine

Compelling growth opportunity

•Annual addressable market (AAM) for Cxbladder in the U.S. estimated to be more than

US$3.5b

*

•Laboratory infrastructure in place in New Zealand and the U.S. with a combined design

capacity for 300k tests per annum

•Dedicated and growing US sales force in place to drive test growth

* Pacific Edge estimate, discussed further on slide 19

5

FY21 WAS A YEAR OF ACHIEVEMENT
SIGNIFICANT COMMERCIAL AND FINANCIAL MILESTONES DRIVE GROWTH

New Zealand

•More than 70% of New Zealand’s population now have access to

Cxbladderthrough contract coverage by their public healthcare

providers

United States

•CMS reimbursement for Cxbladder Detect and Cxbladder Monitor

•Commercial agreement with Kaiser Permanente for Cxbladder

tests

•Increased specialist sales force on ground in U.S.

•Federal Supply Schedule and contract price for Veterans

Administration (achieved prior to FY21)

Global

•Publication of clinical evidence highlighting the clinical utility of

Cxbladder

•Continuing evaluation and use of Cxbladder by large healthcare

institutions

•Strong (76%) growth in operating

revenue across FY21

•Significant (52%) increase in cash

receipts across FY21

•Reduction in monthly cash burn

•Clear (25%) improvement in net loss

after tax across FY21

•Inclusion in the S&P NZX 50 index

Financial MilestonesCommercial Milestones

6

STRENGTHENED TEAM
SENIOR MANAGEMENT & BOARD OF DIRECTORS

Global Executive Team

Chief Executive OfficerDavid Darling*

Chief Financial OfficerGrant Gibson

Chief Operational OfficerDemi Stefanova

Chief Information Systems &

Decision Support

Andy McIntosh

Chief Technical OfficerJustin Harvey

VP Commercial & FranchiseBrent Pownall

VP Clinical Science & Product

Performance

Tony Lough

PEDUSA Executive Team

Executive Chairman PEDUSADavid Levison

CEO PEDUSAJackie Walker

VP Sales & Customer Service

PEDUSA

Jack Atchason

Chief Medical Officer and

Laboratory Director PEDUSA

Thomas Nifong

VP Marketing PEDUSAGerhard Schultz

New appointments in the past 12 months add expertise and experience as Pacific Edge accelerates its global growth

strategy

Appointed in last 12 months

7

Board of Directors

Chairman (Australian based)Chris Gallaher

ExecutiveDirectorDavid Darling

Independent Directors:

•NZ based

•NZ based

•Australian based

Anatole Masfen

Sarah Park

Bryan Williams

Independent Directors

appointed in 2021

(NZ based)

Mark Green

Anna Stove

* David Darling is retiring as CEO in April 2022, but will consult to the company for up to 2 years thereafter

0
2

4

6

8

10

12

Total RevenueOperating RevenueCash Receipts

$Millions

Key financial metrics

FY20FY21

FY21 DELIVERED STRONG IMPROVEMENT ACROSS KEY FINANCIAL METRICS,

DESPITE THE IMPACT OF COVID-19*

✓101% increase in total revenue

✓76% increase in operating revenue

✓25% improvement in net loss after tax

✓52% increase in cash receipts

8

*Covid-19 impacted Pacific Edge’s commercial programme in FY21 and continues

to have an impact in FY22. Despite this, Pacific Edge has continued to grow

The first quarter of FY22
*

was a record quarter for

Cxbladder test volumes and cash receipts

Q1 FY22 Total Laboratory Throughput:

✓Up 79% on Q1 FY21

✓Up 9% on Q4 FY21

✓Up 35% on quarterly average in FY21

Q1 FY22 Cash Receipts:

✓Up 142% on Q1 FY21

✓Up 21% on Q4 FY21

✓Up 50% on quarterly average in FY21

5,356

2,000

3,000

4,000

5,000

6,000

Q1 21Q2 21Q3 21Q4 21Q1 22

Test Numbers

Total Laboratory Throughput

9

* Three months ended 30 June 2021 (unaudited)

GROWTH CONTINUES IN FY22

10
OUTLOOK

▪Pacific Edge has a defined growth strategy and is well positioned to capitalise on recent

commercial milestones

▪The U.S. remains Pacific Edge’s primary near term focus:

▪An increasing number of commercially reimbursed tests from CMS and Kaiser

Permanente covered patients are currently expected to underpin strong revenue

growth and growth in cash receipts in FY22 and beyond;

▪Positive results from the recent scale-up of U.S. commercial operations are now

starting to be seen;

▪United Healthcare* coverage provides validation supporting the potential adoption

and coverage of Cxbladderwith other private payers in the U.S.

▪Strong growth continues in New Zealand with customers moving to multiple Cxbladder

products in mainstream use

▪Southeast Asia has the potential to become a market of scale over time with an accessible

population base larger than the U.S.

▪Australia is in the early stages of commercial take-up and there exists an opportunity to

deliver sales and volume growth

▪Potential to develop and grow new product opportunities by leveraging the company’s

intellectual property across other cancers that can be detected in urine

* Currently Medicare Advantage policyholders

CAPITAL RAISING OVERVIEW

RAISING CAPITAL TO ACCELERATE GROWTH
AND ASX DUAL LISTING

•Pacific Edge’s priority is to ensure it has the resources and capacity to capitalise on its recent commercial milestones and to

execute and accelerate its growth strategy in markets of scale

•Funds raised will be used as follows:

•The majority ofthe funds will be used to accelerate penetration in the company’s key U.S. market

•To further grow in Southeast Asia

•To further leverage the company’s first mover advantage in the detection and management of urothelial cancer

•To potentially develop and grow new product opportunities by leveraging the company’s intellectual property across

other cancers that can be detected in urine

•To maintain a prudent cash buffer for balance sheet management and working capital purposes as the company

transitions to profitability

•Pacific Edge was admitted to the official list of ASX as a foreign-exempt issuer on 22 September 2021 and currently expects

that its shares will be commence trading on the ASX on 27 September 2021

•Pacific Edge intends to maintain its primary listing on the NZX, and is committed to remaining a New Zealand company with

its head office domiciled in New Zealand

12

CAPITAL RAISING OVERVIEW
Offer size and

structure

•An equity raising, comprising:

•A NZ$60 million (A$58.1 million)* Placement, equating to 5.6% of Pacific Edge’s current market capitalisation

•A NZ$20 million (A$19.4 million) Retail Offer (with the ability to accept over subscriptions at the Board's discretion)

Placement

Offer Price

•The Placement Offer Price will be determined via a bookbuild process,with further details on bookbuild participation to

be provided by the Joint Lead Managers

Retail Offer

details

•Pacific Edge is offering up to NZ$20 million (A$19.4 million) of newly issued ordinary shares (with the ability to accept over

subscriptions at the Board's discretion) to Pacific Edge’s eligible existing shareholders resident in New Zealand (up to a

maximum of NZ$50,000 per shareholder) under a Retail Offer:

•The Retail Offer will be priced at the lower of the Placement Price or five day VWAP on NZX during the last five days

of the Retail Offer period

Ranking

•The new shares to be issued under both the Placement and Retail Offer will on allotment rank equally in all respects with

Pacific Edge’s existing ordinary shares

Arrangers

•Bell Potter, Forsyth Barr and Jarden are acting as Joint Lead Managers

•Neither the Placement or the Retail Offer are underwritten

13

*Pacific Edge and the Joint Lead Managers reserve the right to vary the size of the placement based on the size, quality and price level of investor demand

* Based on aNZD/AUD exchange rate of 0.9683 at22 September 2021

INTENDED USE OF PROCEEDS
ACCELERATE MARKET

PENETRATION IN THE

U.S. AND SOUTHEAST

ASIA

Accelerate U.S. market penetration (40-50% of funds raised):

•Key growth initiatives include:

-Initiate commercial launch of CxbladderResolve and the use of multiple Cxbladdertests used in

combination, in FY22

-Accelerate U.S. market penetration with new account managers, commercial support and increased

marketing and advertising spend:

•targeting increased Cxbladder adoption and sales through growing usage by existing customers,

including large urology groups, large national customers, community practices and private payers

-Generation and publication of new clinical evidence to support additional U.S. guideline inclusion and

greater adoption of Cxbladder

Initiate and develop new commercial business of scale in Southeast Asia (10-20% of funds raised):

•Key growth initiatives include:

-Establish dedicated sales teams targeting Singapore, Indonesia, Philippines, Thailand and Malaysia, as

large markets with healthcare models suited to the use of Cxbladder

-Publication of clinical evidence from recently completed User Programs from five public hospitals in

Singapore

-Develop and grow existing and new commercial relationships with large private healthcare providers

-Evaluate the opportunity to increase usage of Cxbladder with public healthcare providers

14

The information above details the intended use of funds by Pacific Edge as at the date of this presentation.

The actual allocations may differ from those indicated above

LEVERAGE FIRST
MOVER ADVANTAGE

IN UROTHELIAL

CANCER AND IP

PORTFOLIO

Further leverage first mover advantage (20-30% of funds raised):

•Pacific Edge is uniquely positioned with strong first mover advantage in the detection of urothelial cancer and

multiple Cxbladder products. It has taken years of investment to develop, validate and protect its IP and has

achieved major U.S. reimbursement milestones, including CMS

•Capital raised will assist to sustain and leverage this competitive advantage to drive sales growth

•Key growth initiatives include:

-Evaluating new product technologies and platforms to maximise performance for the existing Cxbladder

product portfolio, cementing Cxbladder as the standard of care for the detection and management of

urothelial cancer

-Further increase Cxbladder’s portfolio of clinical evidence through additional clinical studies, with clinical

study outputs closely aligned to guideline inclusion

-Potentially developing and growing new product opportunities by leveraging the company’s intellectual

property across other cancers that can be detected in urine

BALANCE SHEET

MANAGEMENT

AND WORKING

CAPITAL

Balance sheet flexibility (20-30% of funds raised):

•Pacific Edge’s cash balance as at 31 August 2021 was $16.2 million, with the monthly cash burn for the last 12

months averaging $1.36 million per month

•Pacific Edge considers it prudent to maintain a cash buffer, for balance sheet management and working capital

purposes as the company transitions to profitability

15

INTENDED USE OF PROCEEDS

(CONT)

The information above details the intended use of funds by Pacific Edge as at the date of this presentation.

The actual allocations may differ from those indicated above

TIMETABLE
Placement

Placement conducted under trading halt23 September 2021

Announce completion of placement and trading halt lifted on NZX

No later than immediately prior to market

open on 24 September 2021

Settlement, allotment and trading of placement shares on NZX commence30 September 2021

ASX dual listing

Pacific Edge admitted to official list of the ASX22 September 2021

Pacific Edge shares commence trading on the ASX 27 September 2021

ASX settlement of placement29 September 2021

ASX allotment of placement shares and tradingof placement shares on the ASX30 September 2021

Retail Offer

Record date5.00pm on 22 September 2021

Retail Offer opens and documentation sent to eligible shareholders28 September 2021

Retail Offer closes13 October 2021

Retail Offer settlement, shares allotted and commencement of trading20 October 2021

16

Dates are subject to change at the discretion of Pacific Edge

COMMERCIAL AND STRATEGIC
PROGRESS

New Zealand

•Continued commercial adoption of Cxbladder,

with the objective to complete coverage of the

New Zealand population

United States

•CMS reimbursement

•Kaiser Permanente

•United Healthcare*

•Scale up of U.S. commercial operations

•Federal Supply Schedule contract

Global

•Clinical evidence

•Continuing evaluation and use of Cxbladder by

large healthcare institutions

* Medicare Advantage

NEW ZEALAND IS LEADING THE GLOBAL ADOPTION OF CXBLADDER
•More than 70% of New Zealand’s population now have

access to Cxbladder through contract coverage by their

public healthcare providers, who have adopted

Cxbladder into commercial mainstream use and their

standard of care

•New electronic guideline ‘Health Pathways’ with

Cxbladder Triage and imaging for all haematuria patients

-replacing previous gold standard cystoscopy and other

tests and procedures

18

19
SIGNIFICANT U.S. TOTAL ADDRESSABLE MARKET

A MORE THAN US$3.5 BILLION OPPORTUNITY FOR CXBLADDER PRODUCTS INBOTH THE

EVALUATION OF HAEMATURIA AND MONITORING FOR DISEASE RECURRENCE

U.S. ANNUAL

ADDRESSABLE MARKET

MORE THAN 5 MILLION

CXBLADDER TEST

OPPORTUNITIES PER YEAR WITH

AN ESTIMATED ANNUAL

REVENUE POTENTIAL OF MORE

THAN

US$ 3.5 BILLION*

* Pacific Edge estimate

•CMS* reimbursement coverage for Cxbladder Detect and
Cxbladder Monitor from 1 July 2020 at US$760 per test

•CMS related tests (Medicare and Medicare Advantage)

accounted for 67% of U.S. commercial test volumes in FY21

•Cxbladder Detect and Cxbladder Monitor accounted for the

majority of U.S. commercial test volumes in FY21

•Inclusion in the CMS’s Local Coverage Determination (LCD) has

resulted in a significant increase in recognised revenue and cash

receipts –with CMS tests paid in approximately 30 days

•Many global healthcare providers regard CMS reimbursement as

a significant validation –which is expected to pave the way for

wider adoption

The successful LCD decision has allowed Pacific Edge to start

recognising revenue (under NZ IFRS 15) for tests that are

performed on CMS patients (Medicare and Medicare

Advantage) in the US at the CMS price of US$760 per test for

Medicare

REIMBURSEMENT COVERAGE

BY THE CMS PROVIDES A

SIGNIFICANT VALIDATION AND

COMMERCIAL MILESTONE

20

* Centers for Medicare and Medicaid Services: US National insurance payer for all US

citizens over 65 years of age

KAISER PERMANENTE: LARGE COMMERCIAL
CUSTOMER FOR CXBLADDER AND PROVIDES

SIGNIFICANT VALIDATION

•Kaiser Permanente (Kaiser) has concluded a national agreement with Pacific Edge

for Cxbladderproducts

•Kaiser started commercially using Cxbladder Monitor from December 2020,

followed by Cxbladder Triage from August 2021

•Kaiser is utilising Cxbladder’s Patient In-Home Sampling System for its patients,

with the process managed by Pacific Edge

•Kaiser reported approximately 15% of consultations were telehealth prior to

Covid-19. The proportion of telehealth consultations are reported by Kaiser to

have increased to around 95% during Covid-19

•Kaiser is the largest non-profit healthcare provider in the U.S. with over 12 million

members (approximately 3.8% of the U.S. population), 39 hospitals and

approximately 23,000 physicians. Kaiser is reported to manage ~2% of U.S.

urology patients

•Around 800,000 people in the U.S. are reportedly monitored for urothelial cancer,

up to 4 times per year for 5 years

21

•United Healthcare is the largest private healthcare provider in the
U.S. with over 43 million members, including more than 6.5 million

Medicare Advantage policyholders

•Cxbladderis being covered as a ‘medically necessary bladder

tumor marker test’

•Coverage became effective from 1 April 2021 at US$760 per test

•United Healthcare partners with 6,500 hospitals and care facilities

nationwide, and more than 1.2 million physicians and other

providers

CXBLADDER COVERED BY

UNITED HEALTHCARE

22

UNITED HEALTHCARE COVERAGE IS A

SIGNIFICANT REIMBURSEMENT

MILESTONE

•Pacific Edge is growing its US based sales teams to
accelerate the adoption of Cxbladderfollowing the

successful achievement of CMS, Kaiser Permanente and

United Healthcare (Medicare Advantage) commercial

milestones

•An additional 9 account managers added to existing and

new sales territories in the past 8 months

•Continued focus by specialist account managers on

converting large national healthcare providers into

commercial customers

•Continue negotiations with specific targeted healthcare

payers to enter into the network for reimbursement

•Expansion of customer services team to drive Patient In-

Home Sampling System program for Kaiser and others

U.S. LABORATORY DESIGN

CAPACITY:

260,000TESTS P.A

EXPANDING US SALES

TEAM:

25 ACCOUNT MANAGERS

AS AT 30 JUNE 2021

SCALE-UP OF U.S. COMMERCIAL OPERATIONS IS DRIVING GROWTH

PACIFIC EDGE HAS STRENGTHENED ITS U.S. BASED EXECUTIVE AND SENIOR MANAGEMENT TEAM

23

24
PIVOTAL PAPER HIGHLIGHTS

SIGNIFICANT OUTPERFORMANCE

OF CXBLADDER PRODUCTS

•A pivotal, peer-reviewed paper co-authored by leading

U.S. urologists and accepted for publication in the Journal

of Urology

*

•Demonstrates the significant clinical and patient benefits

from the use of a combination of Cxbladder products to

correctly identify haematuria patients who have UC and

segregates those patients with High-Impact Tumours (HIT)

requiring priority investigation

* The Journal of Urology is the official journal of the American Urological

Association (AUA) and the most widely read and highly cited journal in the field

of Urology. The paper was accepted for publication on 8 July 2021

•The paper titled ‘Cxbladder for prioritising patients with high impact

tumours’ evaluates the use of Cxbladder Resolve (CxbR), alone and in

combination with other Cxbladder tests, to identify and prioritise patients at

high risk for UC

•CxbR was designed for use by a physician following a patient’s initial

evaluation using both Cxbladder Triage (CxbT) and Cxbladder Detect (CxbD).

Those patients that test positive to CxbT and then also test positive to CxbD,

will receive the CxbR test.

•CxbR was developed on 863 haematuria patients recruited in the U.S., NZ

and Australia; and then tested, both separately and in combination with

other Cxbladder tests, on a further 548 Kaiser Permanente patients, with

outstanding results

•The paper concluded that CxbR has high sensitivity (92.4%) and specificity

(93.8%) and correctly identified all high-impact tumours (HITs)

•With the sequential use of Cxbladder tests for each patient (CxbT followed

by CxbD followed by CxbR):

•87.6% of patients were correctly ruled out from requiring further

workup;and

•100% of high-impact tumours were accurately identified for prioritised

investigation in both study cohorts

•Sequential use of Cxbladder provided 4.8x greater diagnostic efficiency than

the latest American Urological Association (AUA) guidelines

25
•The evaluation and lookback study was performed by the University of

California San Francisco (UCSF) on a cohort of 52 patients who were being

monitored for urothelial cancer as part of their standard of care

•The lookback study concluded that the use by physicians of Cxbladder

Monitor and Pacific Edge’s Patient-In-Home Sampling System reduced the

number of cystoscopies required and was feasible and safe for patients

being monitored for urothelial cancer during the Covid-19 pandemic

•In addition, the study concluded that Cxbladder could be used to further

stratify low risk patients for decreased surveillance during the pandemic

and beyond

•Pacific Edge management summary of Cxbladder’sperformance in this

publication:

•67% of all patients were ruled out from further work-up

•All patients who were ruled out, that have subsequently been

evaluated at the next scheduled surveillance (91%), had no tumors

and no positive cytology (median 4 months)

•82% of patients with CxbM > 3.5 (not ruled out) received cystoscopy

•50% of whom had biopsies with 86% having high impact tumors

25

RECENT PUBLISHED EVIDENCE

SHOWS SIGNIFICANT

OUTPERFORMANCE OF

CXBLADDER PRODUCTS

American Urological Association’s (AUA)

Journal of Urology is publishing in September

2021 a “real world lookback study”

highlighting the clinical utility of Cxbladder

Monitor being used in the Covid setting for

managing patients outside the clinic

The clinical paper was authored by CarrisaChu, Kevin Li, Maxwell

Meng and SimaPortenfrom the Department of Urology at the

University of California San Francisco. The paper has been published

in September 2021 of the Journal of Urology, the official journal of

the American Urological Association (AUA)

CXBLADDER PROVIDES SIGNIFICANT PATIENT

OUTCOMES IN REAL-WORLD COVID-19 SETTING

LARGE NATIONAL HEALTHCARE PROVIDERS AND PAYERS
TARGETED BY PACIFIC EDGE ACROSS THE U.S., SOUTHEAST ASIA AND AUSTRALASIA

U.S.U.S.SOUTHEAST ASIA

✓Kaiser Permanente (completed)

✓CMS reimbursement (completed)

•Carolina Urologic Research Center

•City of Hope

•Cleveland Clinic

•Cornell

•Fox Chase CC

•Johns Hopkins CC

•MD Anderson

•Moffitt CC

•Ohio State University CC

•Penn State Milton S. Hershey Medical Center

•Rush University

•Thomas Jefferson University

•TriStar Medical Center

•UCLA

✓United Healthcare (completed)*

•University of California-San Diego

•University of California-San Francisco

•University of Chicago

•University of Colorado

•University of Michigan

•University of Minnesota

•University of Oklahoma

•University of Pennsylvania

•University of Southern California

•UT Southwestern

•VA Accounts

•Wellstar

* Medicare Advantage

•Singapore General Hospital

•Tan Tock Seng

•Khoo Tech Puat Hospital

•KK Women’s and Children’s Hospital

•National University Hospital

•Raffles Medical Group

•Gleneagles Private Hospital

AUSTRALIA/NEW ZEALAND

•AUS: Multiple large public hospitals across

Australia

✓NZ: Majority of public healthcare

providers under contract

26

APPENDIX A
THE GLOBAL OPPORTUNITY FOR

CXBLADDER

UROTHELIAL CANCER
IS A SIGNIFICANT GLOBAL HEALTHCARE CHALLENGE

•~ 550,000 new cases in 2018

1

•~ 200,000 deaths annually

1

•10th most common cancer globally but 6th most

common in men

1

•High recurrence rates (around 70% recurrence

following treatment)

•Requires regular monitoring

•High detection and management costs with invasive

tests and procedures

•Patient compliance low ~40% leading to an increase

in disease progression

5%

are upper

tract (not

including

kidney)

95%

are bladder

cancer

Ureter

Bladder

Kidney

Urothelial Cancer

1. Bray et al. Global cancer statistics 2018: GLOBOCAN estimates of incidence and mortality worldwide for 3 cancers

in 185 countries. Ca Cancer J Clin. 2018;68:394-424

28

~7m patients
present with haematuria

annually and 3.4m are

worked up to look for UC

1

~4m cystoscopies were

performed in 2018

1

(many of which are unnecessary

and are replaceable with a non-

invasive, accurate

diagnostic test)

Approximately 83,730

estimated new cases of

urothelial cancer are expected

in the U.S. in 2021

2

4th most common cancer in

men in the U.S.

3

1 in 42 people will be

diagnosed with UC in their

lifetime

4

More than 800,000 people

living with UC will present

annually up to 4 times a year

for up to 5 years for evaluation

for the recurrence of UC

Average lifetime costs of

US$220,000 per patient

(recurrence rate of around 70%

with expensive surveillance)

1

Direct costs associated with

UC predicted to reach

US$4.9b in 2020

1

Based on direct costs alone,

UC has the highest per patient

treatment costs of any cancer

over the patient lifetime

1

UROTHELIAL CANCER

IS A SIGNIFICANTHEALTHCARE CHALLENGE IN THE U.S.

1.Presentation from Dr Sia Daneshmand (Director of Urologic Oncology and Clinical Research, USC) July 2019

2.NIH National Cancer Institute, 2021

3.American Cancer Society, 2019

4.Bladder Cancer Advocacy Network, 2017

29

EXISTING BLADDER CANCER TESTS AND PROCEDURES
HAVE SIGNIFICANT SHORTCOMINGS...

CYSTOSCOPYCYTOLOGYFISH

USE

Detection of bladder cancerIdentifying urothelial carcinomaConducted as a result of a typical cytology

SOURCE MATERIAL

Endoscopic procedure of the bladder

Whole cells that have sloughed off

tumor and are caught in voided urine

Whole cells that have sloughed off tumor

and are caught in voided urine

RESULTS

Performance does not meet the expectations

of physicians; invasive and expensive

Subjective. High rate of atypical or

suspicious findings

Quantitative (# of cells with aneuploidy.)

Moderate rates of non-diagnostic results

SENSITIVITY

Sensitivity 71% and Specificity 65%

2,3

Very low (32%-62%)

1,2

Poor (39%) with high variability

1

1. BMC Urol. 2016.

2. Konety et al, European Urology, May 2019

3. Mowatt 2011 and Jocham 2007

Cancer

Normal

...they are expensive, invasive and have poor relative performance ... providing significant opportunities for new

diagnostic tests that are cheaper, non-invasive and accurate

30

•Four class leading, urine based diagnostic tests for UC addressing multiple unmet needs
across the clinical pathway:

oCxbladder Triage (CxbT): Front line test for use in the primary evaluation of

haematuria to rule out patients who do not have cancer

oCxbladder Detect (CxbD): For use by urologists for patients who have been referred

for a full UCworkup to detect cancers

oCxbladder Resolve

1

(CxbR): Segregates High ImpactTumours(HIT) from Low Impact

Tumours(LIT) enabling a prioritisation of patients with cancer

oCxbladder Monitor (CxbM): Provides front line identification for urothelialcancer

patients being monitored for recurrence of the disease

•Integrated into standards of care and guidelines for a number of healthcare providers in

New Zealand and the NCCN guidelines in the U.S.

CXBLADDER REVOLUTIONIZES HOW UROLOGISTS

DETECT AND MANAGE UROTHELIAL CANCER

Cxbladder provides better care for patients, better utility for urologists and savings for

healthcare payers

1. U.S. commercial launch of Cxbladder Resolve will be initiated in FY22

31

CXBLADDER IS USED AT MULTIPLE DECISION POINTS ACROSS THE
CLINICAL PATHWAY

Cxbladder

Triage

Cxbladder

Detect

Cxbladder

Resolve

Cxbladder

Monitor

Patient PresentationPrimary DetectionPrimary DetectionUC Surveillance

Risk stratification of patient

✓✓✓

Chronic microhaematuria

✓✓✓

Young, non-smoker, no occupational exposure,

female

✓✓✓

Gross haematuria

✓✓✓

Atypical Cytology

✓✓

Equivocal cystoscopy

✓✓

Prioritisation of High Impact Tumours

✓✓✓

Renal Insufficiency


Upper tract urothelial carcinoma


Surveillance for UC recurrence


32

✓: Optimised for these types of patients

CxbT, CxbD and CxbR used in combination for this setting

CXBLADDER HAS CLASS LEADING PERFORMANCE METRICS:
SENSITIVITY, SPECIFICITY AND NEGATIVE PREDICTIVE VALUE (NPV)

33

Primary Detection of UC -Haematuria

Cxbladder TriageCxbladder DetectCxbladder ResolveCxbladder Monitor

Sensitivity 95%

NPV 99%

Sensitivity 82%

Specificity 85%

NPV 97%

Sensitivity 92%

Specificity 94%

NPV 99%

Sensitivity 93%

NPV 97%

Surveillance of UC

Cxbladder’s high sensitivity and high NPV provide the required confidence to rule out disease and significantly

reduce the need for expensive, invasive tests

CXBLADDER HAS A MULTI-MARKET AND MULTI-PRODUCT GROWTH
OPPORTUNITY

U.S.

75%

Rest of World

25%

Total Laboratory

Throughput

by Region

(as at 31 Mar 2021)

Triage

24%

Detect

53%

Monitor

23%

Total Laboratory

Throughput

by Test Type

(as at 31 Mar 2021)

34

APPENDIX B
KEY RISKS & FOREIGN SELLING

RESTRICTIONS

KEY RISKS
Like any investment, there are risks associated with an investment in Pacific Edge shares. Before investing in Pacific Edge, youshould be aware than an investment in

Pacific Edge has a number of risks, some of which are specific to Pacific Edge and some of which relate to listed securities generally, and many of which are beyond the

control of Pacific Edge. Additionally, some risks may be unknown and other risks, currently believed to be immaterial, couldturn out to be material. Whilst the section

below aims to highlight some of the key risks, it is not exhaustive.

Investors should be aware that the spread of Covid-19 and the actions taken in response by governments in New Zealand and other countries, including border

controls, stay at home measures and travel restrictions, and the resulting effects on the global economy have had, and may continue to have, a material adverse effect

on Pacific Edge, its financial performance and position, liquidity, financial condition and results of operations. It is alsolikely that there will be further unforeseen

negative impacts from the Covid-19 pandemic, of an as-yet unknown magnitude and duration. It is not currently clear when these negative impacts will begin to abate.

Pacific Edge will continue to respond to the challenges facing it, but there is no certainty as to the severity or likelihoodofsuch unforeseen impacts arising nor whether

any mitigating action can be taken or will be effective.

Before deciding whether to invest in Pacific Edge shares, you must make your own assessment of the risks associated with the investment, including the inherent

uncertainties due to the impact of Covid-19 noted above, and consider whether such an investment is suitable for you having regard to all other Pacific Edge

continuous disclosure announcements and publicly available information, and consult your financial adviser and other professional advisers.

36

KEY RISKS
(CONT)

Impact of Covid-

19 on Pacific

Edge

Pacific Edge’s operational and financial performance has been significantly impacted by Covid-19. This includes disruption to supply chains, which

has the potential to impact Pacific Edge’s ability to procure equipment required to provide diagnostic tests; and border closures and travel

restrictions, which limit Pacific Edge’s ability to both undertake in-person sales and marketing activity and recruit highly qualified employees.

General

economic

conditions

Pacific Edge’s operating and financial performance is influenced by a variety of general economic and business conditions in NewZealand, the

United States, Southeast Asia and globally. A prolonged deterioration in general economic conditions, which may lead to a decrease or

reprioritisation of healthcare spending, has the potential to have a material adverse effect on Pacific Edge’s business or financial condition (or

both). This risk is heightened in the current uncertain economic environment.

Competition

The global cancer diagnostics industry is highly competitive, with research undertaken by a large number of commercial and not for profit

institutions globally on new diagnostic tools. There are also a large number of well capitalised diagnostics competitors operating in the industry.

There is a risk that Pacific Edge’s competitors may discover, develop or commercialise products more successfully than Pacific Edge, which could

render Pacific Edge’s products obsolete or otherwise uncompetitive, resulting in adverse effects on Pacific Edge’s revenue, margins and

profitability.

Product and

technology risk

Pacific Edge relies on the performance and reliability of its Cxbladder suite of products, laboratory operations and IT and technical systems. While

the performance of Cxbladder has been demonstrated in various scientific journal publications, any failure of Pacific Edge’s Cxbladder products

and technology systems has the potential to impact Pacific Edge’s business and reputation. Financial and litigation consequencesrelating to

underperformance and unreliability have the potential to be significant.

New product

development

Pacific Edge continues to leverage its suite of patents and intellectual property to explore new products and applications. There is a risk that those

development efforts may not be successful, or may take longer and be more expensive than anticipated, and as a result PacificEdge’s investment

will be delayed or lost. This risk could arise due to a number of factors, including delays in commencement or completion of scientific studies. Any

failure or significant delay in the development of one or more of Pacific Edge’s new products and product extensions may havea material negative

impact on Pacific Edge’s financial performance and growth.

37

KEY RISKS
(CONT)

Litigation

In the ordinary course of conducting its business, Pacific Edge is exposed to potential litigation and other proceedings, including through claims of

intellectual property infringement or breach of agreements. If such proceedings are brought against Pacific Edge, Pacific Edge could incur considerable

defence costs (even if successful), with the potential for damages and costs awards against Pacific Edge if it were unsuccessful, which could have a

significant adverse financial impact on Pacific Edge.

Circumstances may also arise in which Pacific Edge considers that it is reasonable or necessary to initiate litigation or other proceedings, including for

example to protect its intellectual property rights.

Regulatory,

industry body

and guideline

risks

Pacific Edge’s Cxbladderproducts and laboratories are regulated and certified by various government and industry entities in territories and markets

in which the tests are performed and/or sold.Reimbursement for these tests may be influenced by reimbursement rulings from private and/or

government payers.Guidelines issued by various industry bodies also influence the treatment and management regimes for patients, with the

potential to impact on the uptake and use of Cxbladder. If Pacific Edge is unable to retain or, in certain markets, gain inclusion in guidelines, or the

current regulatory approvals and reimbursement obtained for existing products are removed or reduced, such matters could haveanadverse impact

on Pacific Edge’s financial performance and its ability to achieve its business plans.If Pacific Edge is unable to obtain the approvals required for new

products in new territories, or is unable to obtain future reimbursement for new products, this could also have an adverse impact on Pacific Edge’s

financial performance and its ability to achieve its business plans.

Market volatility

of Pacific Edge’s

shares

Any investment in equity capital markets carries general risks. Pacific Edge’s shares are currently listed on NZX, and will be listed on the ASX, and are

subject to the usual market-related forces which impact on Pacific Edge’s share price. There can be no assurance that trading inthe shares following

the offer will not result in the share price trading at levels below the price paid by investors in the offer. The equity markets have in recent times been

subject to pronounced volatility due to the continuing impacts of Covid-19. There is no certainty that this recent volatility will not continue or worsen,

which could have a materially adverse impact on the market price of Pacific Edge shares.

Factors such as the risk factors disclosed in this presentation as well as other factors could cause the market price of PacificEdge’s shares to decline

or to materially fluctuate. It also is possible that new market risks may develop as a result of the New Zealand market experiencing extreme stress, or

due to existing risks (including the impacts of Covid-19) manifesting themselves in ways that are not currently foreseeable.

A weakening in the New Zealand dollar as against other currencies will cause the value of the shares to decline in any portfoliowhich is denominated

in a currency other than New Zealand dollars.

38

FOREIGN SELLING RESTRICTIONS
International Offer Restrictions

This document does not constitute an offer of new ordinary shares (New Shares) of Pacific Edge in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any

person, and the New Shares, may not be offered or sold in any country outside NZ except to the extent permitted below.

Australia

This document and the offer of New Shares are only made available in Australia to persons to whom an offer of securities can be made without disclosure in accordance with applicable exemptions in sections

708(8) (sophisticated investors), 708(11) (professional investors), 761G (wholesale clients) of the Australian Corporations Act 2001 (Cth) (the "Corporations Act"). This document is not a prospectus, product

disclosure statement or any other formal "disclosure document" for the purposes of Australian law and is not required to, anddoes not, contain all the information which would be required in a "disclosure

document" under Australian law. This document has not been and will not be lodged or registered with the Australian Securities &Investments Commission. Prospective investors should not construe anything

in this document as legal, business or tax advice nor as financial product advice for the purposes of Chapter 7 of the Corporations Act.

Hong Kong

WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been

authorised by the Securities and Futures Commission in Hong Kong pursuant to the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong (the "SFO"). Accordingly, this document may not be

distributed, and the New Shares may not be offered or sold, in Hong Kong other than to "professional investors" (as defined in the SFO and any rules made under that ordinance).

No advertisement, invitation or document relating to the New Shares has been or will be issued, or has been or will be in thepossession of any person for the purpose of issue, in Hong Kong or elsewhere that is

directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to New Shares

that are or are intended to be disposed of only to persons outside Hong Kong or only to professional investors. No person allotted New Shares may sell, or offer to sell, such securities in circumstances that

amount to an offer to the public in Hong Kong within six months following the date of issue of such securities.

The contents of this document have not been reviewed by any Hong Kong regulatory authority. You are advised to exercise caution in relation to the offer. If you are in doubt about any contents of this

document, you should obtain independent professional advice.

Not for distribution in the United States

This presentation is not for distribution or release in the United States. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. The New

Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended, or the securities laws of anystate or other jurisdiction of the United States, and may not be offered or sold in

the United States except in transactions exempt from, or not subject to, registration under the US Securities Act of 1933, asamended, and applicable US state securities laws.

39

---

Corporate Action Notice


Page 1 of 2

Section 1: issuer information (mandatory)

Name of issuer Pacific Edge Limited

Class of Financial Product Ordinary shares

NZX ticker code PEB

ISIN (If unknown, check on NZX

website)

NZPEBE0002S1

Name of Registry Link Market Services Limited

Type of corporate action

(Please mark with an X in the

relevant box/es)

Share purchase plan X Renounceable

Rights issue


Capital

reconstruction

Non

Renounceable

Rights issue


Call Bonus issue

Record Date 22/09/2021

Ex-Date (one business day before

the Record Date)

21/09/2021

Currency NZD

Section 6: Share purchase plans (delete if not applicable)

Number of financial products to be

issued

OR

Maximum dollar amount of

Financial Products to be issued

Up to NZ$50,000 per shareholder/beneficial owner with a

registered address in New Zealand, for an aggregate offer

size of up to NZ$20 million (with Pacific Edge having the

ability to accept oversubscriptions. The first $15,000 of

new shares will be offered under Listing Rule 4.3.1(a)

(share purchase plan) and the additional $35,000 of new

shares offered under Listing Rule 4.5.1 (15% Rule).

Minimum application amount (if

any)

$250.00

Exercise Price The lesser of: (a) the price paid by investors in PEB's

placement announced on 23 September 2021; and (b) the

volume weighted average price of ordinary shares in PEB

on the NZX Main Board over the 5-day trading period prior

to and including the Closing Date (being 7 October 2021

to 13 October 2021, unless the Closing Date is extended).

Scaling reference date By reference to holdings of eligible shareholders at the

Record Date

Closing Date 13/10/2021

Allotment Date 20/10/2021


2 of 2

Section 7: Authority for this announcement (mandatory)

Name of person authorised to

make this announcement

Grant Gibson (CFO, PEB)

Contact person for this

announcement

Grant Gibson (CFO, PEB)

Contact phone number +64 3 479 8500

Contact email address grant.gibson@pelnz.com

Date of release through MAP 23/09/2021

---

2201994 | 6349167v1
23 September 2021

NZX Limited

Level 1, NZX Centre

11 Cable Street

Wellington


ASX Limited

20 Bridge Street

Sydney NSW 2000

PACIFIC EDGE LIMITED (NZX and ASX: PEB): CAPITAL RAISING

NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHEDULE 8 TO THE FINANCIAL MARKETS

CONDUCT REGULATIONS 2014 AND CLAUSE 708A(12J) OF THE CORPORATIONS ACT AS

NOTIONALLY INSERTED BY ASIC INSTRUMENT 21-0811

1. Pacific Edge Limited (PEB) has announced that it intends to make an offer consisting of:

a. a placement of NZ$60 million / A$58.1 million (with the ability for PEB to increase the

size of the placement at its discretion); and

b. a retail offer to eligible shareholders in New Zealand, to raise approximately NZ$20

million / A$19.4 million (with the ability for PEB to accept oversubscriptions),

(together the Offer).

2. The Offer is being made in reliance upon the exclusion in clause 19 of Schedule 1 of the

Financial Markets Conduct Act 2013 (FMCA). The Offer is for new fully paid ordinary shares of

the same class as already quoted on the NZX Main Board operated by NZX Limited.

3. This notice is given under clause 20(1)(a) of Schedule 8 of the Financial Markets Conduct

Regulations 2014 (FMC Regulations) and under paragraph 708A(12J) of the Corporations Act

2001 (Cth) (Corporations Act), as notionally inserted by ASIC Instrument 21-0811.

4. PEB will issue the relevant shares under the Offer without disclosure to investors under Part

6D.2 of the Corporations Act.

5. As at the date of this notice:

a. PEB is in compliance with the continuous disclosure obligations that apply to it in

relation to PEB's ordinary shares.

b. PEB is in compliance with its financial reporting obligations.

c. There is no information that is "excluded information" as defined in clause 20(5) of

Schedule 8 of the FMC Regulations in respect of PEB.

d. PEB has complied with its obligations under Rule 1.15.2 of the listing rules of ASX

Limited.

6. The Offer is not expected to have any material effect or consequence on the control of PEB.

On behalf of

Pacific Edge Limited


Chris Gallaher

Chair

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.