SPH Notice - Troy Tarrant

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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: Movement of 1% or more in substantial holding
Date of relevant event: 30 January 2026
Date this disclosure made: 30 January 2026
Date last disclosure made: 8 June 2022
Substantial product holder(s) giving disclosure
Full name(s): Duncan Cotterill Trustee (Gondolin) Limited & Troy Tarrant; Troy Tarrant
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Duncan Cotterill Trustee (Gondolin) Limited & Troy Tarrant; Troy Tarrant
For this disclosure,—
(a) total number held in class: 15,431,749
(b) total in class: 164,420,453
(c) total percentage held in class: 9.386
For last disclosure,—
(a) total number held in class: 16,760,932
(b) total in class: 138,857,063
(c) total percentage held in class: 12.071%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On 31 March 2023, Troy Tarrant was issued 31,301 ordinary shares as a discretionary
bonus paid and applied to paying up unpaid Employee Share Scheme Shares.
On 31 May 2023, Troy Tarrant was issued 37,638 ordinary shares as a discretionary bonus
paid and applied to paying up unpaid Employee Share Scheme Shares.
On 29 November 2023, Troy Tarrant was issued 33,960 ordinary shares as part of the
FY24 Q1 and Q2 Employee Share Scheme.

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On 23 January 2024, Troy Tarrant sold 729,631 ordinary shares in an off-market transfer
to ACC for consideration of $0.26 per share.
On 29 January 2024, Troy Tarrant was issued 18,352 ordinary shares as part of the FY24
Q3 Employee Share Scheme.
On 31 March 2024, Troy Tarrant was issued 31,301 ordinary shares as a discretionary
bonus paid and applied to paying up unpaid Employee Share Scheme Shares.
On 31 March 2024, Troy Tarrant was issued 34,267 ordinary shares as a discretionary
bonus paid and applied to paying up unpaid Employee Share Scheme Shares.
On 22 April 2024, Troy Tarrant was issued 18,610 ordinary shares as part of the FY24 Q4
Employee Share Scheme.
On 18 July 2024, Troy Tarrant was issued 17,611 ordinary shares as part of the FY25 Q1
Employee Share Scheme.
On 31 March 2025, Troy Tarrant was issued 60,038 ordinary shares as a discretionary
bonus paid and applied to paying up unpaid Employee Share Scheme Shares.
On 31 March 2025, Troy Tarrant was issued 40,447 ordinary shares as a discretionary
bonus paid and applied to paying up unpaid Employee Share Scheme Shares.
On 30 January 2026, Troy Tarrant sold 192,308 shares in an off-market transfer to AWH
Investments Limited for consideration of $0.26 per share.
On 30 January 2026, Troy Tarrant sold 192,308 shares in an off-market transfer to Ian
Ridd for consideration of $0.26 per share.
On 30 January 2026, Troy Tarrant sold 115,385 shares in an off-market transfer to Mark
Samlal for consideration of $0.26 per share.
On 30 January 2026, Troy Tarrant sold 423,076 shares to Faro Equities Limited via an off-
market transfer for consideration of $0.26 per share.
Details after relevant event
Details for Duncan Cotterill Trustee (Gondolin) Limited & Troy Tarrant
Nature of relevant interest(s): Registered holder
For that relevant interest,—
(a) number held in class: 15,431,749
(b) percentage held in class: 9.386%
(c) current registered holder(s): Duncan Cotterill Trustee (Gondolin) Limited &
Troy Tarrant
(d) registered holder(s) once transfers are registered: N/A

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Additional information
Address(es) of substantial product holder(s): C/- Duncan Cotterill, Level 2, 50
Customhouse Quay, Wellington
Contact details: Matt Yates, matt.yates@duncancotterill.com
Nature of connection between substantial product holders: Duncan Cotterill Trustee
(Gondolin) Limited & Troy Tarrant are trustees of the Gondolin Trust. Troy
Tarrant is a settlor, trustee and beneficiary of the Gondolin Trust.
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: None.
Certification
I, Troy Tarrant, 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.