Capital Change Notice - Pacific Edge Placement

Capital Change Notice
Updated as at February 2025
Section 1: Issuer information
Name of issuerPacific Edge Limited
NZX ticker codePEB
Class of financial productOrdinary shares
ISIN (If unknown, check on NZX website)NZPEBE0002S1
CurrencyNZD
Section 2: Capital change details
Number issued/acquired/redeemed149,384,548 ordinary shares
Nominal value (if any)N/A
Issue/acquisition/redemption price per securityNZ$0.170 per ordinary share
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full)Paid in full
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
14.608%
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)
Issue of ordinary shares under the
placement that was announced through
NZX and ASX on 11 May 2026.
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.
1,172,016,126 ordinary shares
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
The issue of ordinary shares under the
placement was implemented under NZX
Listing Rule 4.5.1 and was approved by
the PEB board on 8 May 2026. The
number of ordinary shares subscribed for
under the placement was announced
through NZX and ASX on 13 May 2026.
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Fully paid ordinary shares that rank
equally with all other ordinary shares on
the date of issue.
Date of issue/acquisition/redemption
2
15/05/26
Section 3: Disclosure required for Placements made under Rule 4.5.1
Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.
The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
Having regard to the objectives which
supported PEB’s choice of offer structure
(being a Placement and Retail Offer),
PEB’s objectives for allocations in the
Placement were primarily to:
(a)
maximise participation by existing
shareholders through broad eligibility
criteria and widely marketing the offer
through various channels;
(b)
use best efforts to maximise the
number of existing shareholders who
were allocated sufficient shares to
maintain their pro rata shareholding in
the Placement (subject to the level of
demand indicated by them and
Related Party restrictions in the NZX
Listing Rules);
(c)
strengthen PEB’s share register; and
(d)
make allocations above pro rata, or to
new shareholders having regard to
the following criteria:
(i)
quality of investor (including size
and investment thesis);
(ii)
support of PEB to date;
(iii)
the timing of the investor’s
interest, seeking to prioritise
investors that provide early bids
and deal leadership;
(iv)
the size of an investor’s
expressed interest or assets
under management; and
(v)
location of the investor and any
applicable selling restrictions or
other relevant legal or regulatory
restrictions in jurisdictions with
which the investor is located.
There were no significant exceptions or
deviations from the objectives and criteria
set out above.
PEB elected to increase the size of the
Placement from $18 million to $25.4
million in response to strong investor
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).

Capital Change Notice
Updated as at February 2025
demand. Over 90% of the shares issued
in the Placement were issued to existing
PEB shareholders.
Section 4: Authority for this announcement and contact person
Name of person authorised to make this
announcement
Grant Gibson
Contact person for this announcementGrant Gibson
Contact phone number+64 275 999 943
Contact email addressgrant.gibson@pelnz.com
Date of release through MAP15/05/26