PaySauce Founders meet excess share demand

PaySauce Founders meet excess share demand Lower Hutt, New Zealand - 30 January 2026 Software-as-a-Service fintech PaySauce (NZX: PYS) advises Co-Founders Asantha Wijeyeratne and Troy Tarrant have agreed to satisfy demand surfaced during the company’s recently concluded capital raising, with the sale of a total of 2,557,694 shares (Sell-down Shares) at $0.26 per share. As disclosed earlier this week, PaySauce has raised a total of $5 million through its recent capital raising. This included a $3.5 million placement in December 2025 and a $1.5 million Share Purchase Plan (SPP) (together, the Offer) that closed on Friday 23 January 2026. Wijeyeratne and Tarrant remain significant PaySauce shareholders following the share sales, with the duo respectively retaining stakes of 20.7% and 9.4% following the sales. Prior to the allotment of the SPP and the sell down they respectively held 22.73% and 10.31%. The shares are to be taken up by a number of new and existing investors as well as Directors of the company. The Board endorsed the decision of Wijeyeratne and Tarrant to undertake this sell down and gave trading consent for various reasons: The PaySauce shareholder base is concentrated, with the 5 largest shareholders (including Wijeyerate and Tarrant)holding 58.5% of all shares on issue prior to the offer and sell-down. Following the capital raise and sell-down, the concentration of those shareholders reduces to under 55% thereby lifting liquidity and enhancing price discovery. The PaySauce Board was very mindful to restrict the size of the share issue under the capital raise in order to minimise dilution to existing shareholders. Balancing this dilution against the benefits of enhancing liquidity was a critical issue in determining the size of the issue and the issue price of $0.26 per share. The PaySauce Board also considered that, having regard to cash on hand, the availability of bank debt and the profitability of the New Zealand business, proceeds from the capital raising will be more than sufficient for PaySauce to fund its Australian expansion ambitions in the medium term. The sell-downs are expected to be settled today by way of off-market transfers. Released for and on behalf of PaySauce by PaySauce CFO Jaime Monaghan ENDS PaySauce is a SaaS fintech platform delivering digital payroll solutions across 14 jurisdictions in Asia-Pacific. The technology enables small employers to digitally onboard, pay and manage employees from any device. The platform includes rosters, mobile timesheets, payroll calculations, banking integration, automated payments, PAYE filing, labour costing, and automated general ledger entries. The PayNow feature enables customers’ employees to access the pay they’ve earned before payday, providing a free alternative to payday lenders. www.paysauce.com CONTACT Investors Asantha Wijeyeratne CEO PaySauce +64 21 554 600 Media Richard Inder The Project +64 21 645 643 Please direct any investment queries to investor@paysauce.com