Rights Offer Component of Pacific Edge's $21.3 Million Offer Completed

Pacific Edge Limited (Pacific Edge) is pleased to advise it has completed the Rights Offer component of its underwritten 1 for 6 rights offer (Offer) of new ordinary shares in Pacific Edge (New Shares), which closed on 8 November 2017.

Approximately 48.5 million New Shares, at a price of NZ$0.32 per New Share, were taken up under the Rights Offer. This represents approximately 72.9% of the New Shares available under the Rights Offer.

In addition, applications totalling approximately NZ$1.47 million have been received from Eligible Shareholders in respect of the Shortfall Bookbuild portion of the Offer (described below).  The New Shares taken up by Eligible Shareholders under the Offer are expected to be issued and commence trading on the NZX Main Board on Wednesday 15 November 2017 and will rank equally with existing ordinary shares of Pacific Edge (Shares).

SHORTFALL BOOKBUILD

Approximately 18.1 million New Shares are available in the shortfall bookbuild component of the Offer (Shortfall Bookbuild), which will be conducted tomorrow, Friday 10 November 2017.  The additional applications received from Eligible Shareholders will form part of the Shortfall Bookbuild on the terms set out in the Offer Document.

Shareholders who did not take up their full entitlements under the Rights Offer or were ineligible to do so will receive a share of any Premium achieved (being the amount by which the Bookbuild Price exceeds the Issue Price for the New Shares of NZ$0.32 per New Share) in proportion to the Rights which they did not take up. There is no guarantee that the Shortfall Bookbuild will result in a Premium.

Further Information

Shareholders who have any questions about the Rights Offer or the Shortfall Bookbuild are encouraged to read the Offer Document on the NZX website, www.nzx.com/companies/PEB, and seek financial, investment, or other professional advice from a qualified professional adviser.

Pacific Edge will apply for its Shares to be placed in trading halt on NZX on Friday 10 November 2017 and remain in trading halt until an announcement containing the results of the Shortfall Bookbuild is made, which is expected to occur on Monday 13 November 2017.