Capital Change Notice – shares issued to new Director

Capital Change Notice
Section 1: Issuer information
Name of issuerPaySauce Limited
NZX ticker codePYS
Class of financial productOrdinary shares
ISIN (If unknown, check on NZX website)NZMADE0001S4
CurrencyNZD
Section 2: Capital change details
Number issued/acquired/redeemed98,460
Nominal value (if any)N/A
Issue/acquisition/redemption price per security$0.2694 per share (being the
Average Market Priceof a
PYS share at the date of this
allotment).
Nature of the payment (for example, cash or other
consideration)
The shares have been issued
in lieu of directors fees that
would otherwise be payable in
cash for the period 1 February
2023 to 30 September 2023.
Amount paid up (if not in full)$N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1
0.07%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
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)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
To remunerate and align the
interests of a new director with
PYS shareholders ahead of
their formal appointment to the
Board on 1 February 2023.
Total number of Financial Products of the Class after the
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.
138,955,523
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
14201200_1

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
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 Board
resolution.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Should the director leave the
Board for any reason prior to
30 September 2023, the
proportion of shares that have
not been earned through
service must be paid for in
cash by the director or
transferred back to PYS for
cancellation.
Date of issue/acquisition/redemption
2
31 Jan 2023
Section 3: Authority for this announcement and contactperson
Name of personauthorised to make this announcementJaime Monaghan
Contact person for this announcementJaime Monaghan
Contact phone number022 5246 366
Contact email addressjaime@paysauce.com
Date of release through MAP31 Jan 2023
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).