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 Media
Asantha Wijeyeratne Richard Inder
CEO PaySauce The Project
+64 21 554 600 +64 21 645 643

Please direct any investment queries to investor@paysauce.com