Capital Change Notice and Share Allotment

Wellington, New Zealand - 30 April 2020 Employment solutions provider PaySauce (NXZ: PYS) provides an update on the placement of its remaining shares, after concluding an initial Rights Issue on March 9th 2020. PaySauce has today issued 3.4M shares from the Rights Issue shortfall, injecting an additional $1.166M cash into the business. This reduces the shortfall to just over 1.6M shares available, and the company expects to complete one final allotment in May. PaySauce CEO Asantha Wijeyeratne says the PaySauce leadership team is extremely happy with these results. "This is an outcome to be proud of, especially with all the uncertainty surrounding the COVID-19 pandemic. We're humbled that investors have confidence in us even in such a risk-averse environment." Notably, PaySauce has added an institutional investor, Pathfinder CareSaver, with an investment of $405,000 in this allotment. The Capital Change Notice and Announcement 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 CONTACT Please direct any investment queries to investor@paysauce.com. End CA:00352325 For:PYS Type:SECISSUE Time:2020-04-30 08:30:19