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15/12/2025, 09:08 NZDT, OFFER

PaySauce launches $4 million capital raise
Lower Hutt, New Zealand – 15 December 2025

Software-as-a-Service fintech PaySauce Limited (NZX: PYS) is pleased to announce a capital raising comprising of a placement of approximately $3 million to institutional and other investors (Placement) and a $1 million share purchase plan (SPP) available to investors residing in New Zealand (together, the Offer).

Proceeds from the Offer will be applied to fund PaySauce’s expansion into the Australian market, which is scheduled to launch in February 2026.

The Offer structure is designed to broaden PaySauce’s shareholder base and promote future liquidity.

The Offer will be undertaken at a fixed price of $0.26 per share (Issue Price). The Issue Price represents a 7.1% discount to the closing share price on Friday, 12 December 2025 of $0.28 per share.

Approximately 15.4 million shares may be issued under the Offer. New shares issued under the Offer will rank equally with existing fully paid ordinary shares in PaySauce quoted on the NZX Market from the time of their issue.

Chief Executive Asantha Wijeyeratne, who is moving to Melbourne to work with PaySauce Australia Executive Director Chris Ridd to drive the Australian expansion, said: “PaySauce has established a strong record for consistent growth in revenue and solid earnings and cash flow. From these strong domestic foundations, we have developed a market-leading payroll solution for micro-businesses and funded our launch into Australia, a market of around 700,000 micro-businesses that remains largely underserved.”

“The capital raising we are launching today will give us the flexibility to pursue this opportunity across the Tasman and consider bolt on acquisitions that will accelerate our growth in this market. We also expect the new capital will broaden our investor base, enhance liquidity and enable better recognition of the value we are creating.”

NZX has granted a trading halt to facilitate the Placement. PaySauce expects to advise the market of the capital raised under the Placement on Wednesday, 17 December 2025.

The SPP will be open from 9.00am (NZST) on Wednesday, 17 December 2025 to 5.00pm (NZST) on Friday, 23 January 2026. The Record Date for the SPP is 5.00pm today, 15 December 2025.

Under the SPP, investors will be invited to subscribe for up to $50,000 of new shares at $0.26 per share, free of any brokerage, commission, or transaction costs. If the SPP is oversubscribed, applications may be scaled down in PaySauce’s sole discretion, by reference to the number of ordinary shares held by applicants at the Record Date.

Further details about the SPP will be released to the NZX on Wednesday, 17 December 2025. Shareholders of PaySauce on the Record Date will have their applications preferred over non-shareholders in the event of scaling.

Cameron Partners are acting as Financial Adviser for the Offer. The Offer is not underwritten.

Please review the investor presentation and cleansing notice released with this announcement for further information.

Minimum Holdings Notice

Under PaySauce’s constitution and the NZX Listing Rules, PaySauce is permitted to exercise a power of sale of shares held by any person with less than a Minimum Holding. The PaySauce Board has resolved that a Minimum Holding of PaySauce shares is a parcel of shares with a value less than NZ$500.

PaySauce recognises that it is difficult for shareholders to sell small parcels of shares because the cost of brokerage can be disproportionately high relative to the value of their shareholding. PaySauce is also concerned about the ongoing cost of maintaining a large number of small holdings on its share register. Accordingly, the PaySauce Board has determined that it will exercise its power of sale of shares held by any person with less than a Minimum Holding on its share register. The Minimum Holding has been set at 1,786 shares, based on the Average Market Price of PaySauce shares as at market close on Friday 12 December 2025. The attached notice will be sent to affected shareholders shortly together with the SPP Booklet so that small shareholders who wish to top up to or above the Minimum Holding can use the SPP as a brokerage free opportunity to do so.

PaySauce will hold a power of sale over share parcels that are less than a Minimum Holding on 15 March 2026.

Please note that the Minimum Holding process only effects shareholders who hold less than a Minimum Holding directly on the PaySauce share register. It does not affect shareholders who hold shares through a custodial account (such as Sharesies).

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