Notice of Issue of Shares under Private Placement

NOTICE OF CHANGE IN ISSUED CAPITAL STOCK - ORDINARY SHARES Pursuant to NZX Listing Rule 7.3.5 Notice of Issue of Shares under Private Placement Company Pacific Edge Limited ISIN NZPEBE0002S1 Date 17 February 2017 Date of Issue 17 February 2017 Class of securities issued Ordinary shares Issued Capital Prior To Issue (Previous Issued Capital - Listed) 381,777,161 Number of securities issued 17,500,000 Issued Capital Subsequent To Issue (Total Issued Capital - Listed) 399,277,161 Issue price $0.50 per share, being a total of $8,750,000 Payment in cash? Yes Amount paid up Fully paid Percentage of total class issued 4.58% Terms or details of the issue New ordinary shares which rank equally with other fully paid ordinary shares. Specific authority for the issue Resolution of directors dated 15 February 2017 and Listing Rule 7.3.5. Reasons for the issue Pursuant to a private placement offer made to certain institutional investors. Chris Gallaher Chairman Pacific Edge Limited End CA:00296967 For:PEB Type:ALLOT Time:2017-02-17 15:19:41