SPH Notice – Troy Tarrant

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Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To PaySauce Limited
Relevant event being disclosed: Movement of 1%
Date of relevant event: 1 June 2022
Date this disclosure made: 8 June 2022
Date last disclosure made: 7 January 2019
Substantial product holder(s) giving disclosure

Full name(s): Duncan Cotterill Trustee (Gondolin) Limited & Troy
Tarrant; Troy Tarrant
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Duncan Cotterill Trustee (Gondolin) Limited & Troy
Tarrant; Troy Tarrant
For this disclosure,—
(a) total number held in class: 16,760,932
(b) total in class: 138,857,063
(c) total percentage held in class: 12.071%
For last disclosure,—
(a) total number held in class: 836,481,557
(b) total in class: 5,843,543,401
(c) total percentage held in class: 14.315%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
(1) On 15 July 2019, PaySauce Limited undertook a 1 for 50 share consolidation
resulting in the substantial product holding consolidating from 836,481,557 shares
to 16,729,631 shares.

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(2) On 1 June 2022, Troy Tarrant had 31,301 unpaid shares in the PaySauce employee
share scheme paid up on his behalf by PaySauce Limited at an issue price of
$0.2842 per share.
Details after relevant event
Details for Duncan Cotterill Trustee (Gondolin) Limited & Troy
Tarrant
Nature of relevant interest(s): Registered holder
For that relevant interest,—
(a) number held in class: 16,729,631
(b) percentage held in class: 12.048%
(c) current registered holder(s): Duncan Cotterill Trustee (Gondolin) Limited &
Troy Tarrant
(d) registered holder(s) once transfers are registered: N/A
Details for Troy Tarrant
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 31,301
(b) percentage held in class: 0.023%
(c) current registered holder(s): Payroll.Kiwi Limited
(d) registered holder(s) once transfers are registered: N/A
Additional information
Address(es) of substantial product holder(s): C/- Duncan Cotterill, Level 2, 50
Customhouse Quay, Wellington
Contact details: Matt Yates, matt.yates@duncancotterill.com, 021 277 9350
Nature of connection between substantial product holders: Duncan Cotterill Trustee
(Gondolin) Limited & Troy Tarrant are trustees of the Gondolin Trust. Troy
Tarrant is a settlor, trustee and beneficiary of the Gondolin Trust.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: None.
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Troy Tarrant is also a Senior Manager of PaySauce Limited. This disclosure also
constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure
obligations.

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Certification
I, Troy Tarrant, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.