EROAD Limited — Capital/Financing Update 2017

Dec 15, 2017

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EROAD Limited – Placement Allotment

For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 15 December 2017:

(a)	Class of Security	Ordinary shares
	ISIN:	NZERDE0001S5
(b)	Number issued:	5,099,247
(c)	Issue price:	$3.04
(d)	Whether payment was in cash:	Yes
(e)	Any amount paid up:	In full
(f)	Principal terms of the Securities:	Not applicable
(g)	Percentage of the total Class of Securities issued:	8.357% of the total number of
		fully paid ordinary shares prior to
		this issue
(h)	Reason for the issue:	Allotment of 5,099,247 ordinary
		shares under a placement
		conducted by EROAD Limited
(i)	Specific authority for the issue:	Directors’ resolutions dated 11
		December 2017
(j)	Terms or details of the issue:	New ordinary shares which rank
		equally with all other fully paid
		ordinary shares in EROAD
		Limited on issue
(k)	Total number of Securities of the Class in existence after the	66,116,258
	issue:
(l)	Treasury Stock:	Not applicable
(m)	Date of issue:	15 December 2017

ENDS

Contact: Michael Bushby, Chairman on +64 64 927 4747. For more information about EROAD visit our website www.eroad.com