Rights Issue Reminder Notice and Progress Update

Wellington, New Zealand - 27 February 2020 As part of the ongoing Rights Issue process, we've reminded our shareholders that they can no longer trade their Rights on market. Any remaining Rights can be traded off market, and should be done promptly in order to give the rights purchaser time to take up the Rights prior to the closing date. We've also provided an update on the progress to date of the Rights Issue. The Reminder Notice and Rights Issue Update are attached. ENDS ABOUT PAYSAUCE PaySauce is software at work for people, providing employment solutions to small and medium-sized businesses. PaySauce enables business owners to pay and manage employees accurately and efficiently using the web, iOS, and Android applications. The PaySauce platform includes mobile timesheets, payroll calculations, banking integration, PAYE filing, labour costing, automated general ledger entries and digital employment contracts. www.paysauce.com End CA:00349085 For:PYS Type:OFFER Time:2020-02-27 14:44:02