EROAD Limited — Director's Dealing 2020

Feb 3, 2020

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		EROAD Limited
Date this disclosure made:		3 February2020
Date of last disclosure:		7 March 2018
Director or senior managergiving disclosure
Full name(s):		Michael Bruce Bushby
Name of listed issuer:		EROAD Limited
Name of related body corporate (if applicable):		Not applicable
Position held in listed issuer:		Independent Director

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)	Summary of acquisition or disposal of relevant interest (excluding specified derivatives)	Summary of acquisition or disposal of relevant interest (excluding specified derivatives)	Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:		Ordinary shares in EROAD Limited(ERD)
Nature of the affected relevant interest(s):		Registered holder and beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:		23,333
Number held in class after acquisition or disposal:		7,963
Current registered holder(s):		Michael Bruce Bushby
Registered holder(s) once transfers are registered:		Not applicable

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Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:		Not applicable
Class of underlyingfinancialproducts:		Not applicable
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		Not applicable
A statement as to whether the derivative is cash settled orphysicallysettled:		Not applicable
Maturitydate of the derivative(if any):		Not applicable
Expirydate of the derivative(if any):		Not applicable
Theprice specified in the terms of the derivative(if any):		Not applicable
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:		Not applicable
_For that derivative,- _
Parties to the derivative:		Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:		Not applicable

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:		4	4	4	4
Details of transactions requiring disclosure- Date of transaction: Nature of transaction: Name of anyotherpartyorparties to the transaction(if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value,describe the consideration: Number of financialproducts to which the transaction related: If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of duringa closedperiod:
Date of transaction:		28 January2020	29 January2020	30 January2020	31 January2020
Nature of transaction:		On market sale of 1,074 EROAD ordinaryshares	On market sale of 3,817 EROAD ordinaryshares	On market sale of 5,529 EROAD ordinaryshares	On market sale of 4,950 EROAD ordinaryshares
Name of anyotherpartyorparties to the transaction(if known):		Unknown	Unknown	Unknown	Unknown
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value,describe the consideration:		$3,415.32	$12,138.06	$17,582.22	$15,669.23
Number of financialproducts to which the transaction related:		1,074	3,817	5,529	4,950
If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—		Yes Yes 24-Jan-20
Whether relevant interests were acquired or disposed of duringa closedperiod:		Yes
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		Yes
Date of the prior written clearance(if any):		24-Jan-20

Summary of other relevant interests after acquisition or disposal:

Summary of other relevant interests after acquisition or disposal:
		Ordinary shares in
Class ofquoted financialproducts:		EROAD Limited(ERD)
		Michael Bushby is a
		director of Lowelly Pty
		Limited and accordingly
		has the power to control
		dealings and voting of
		shares held by Lowelly
		Pty Limited as trustee for
		the Lowelly
		Superannuation Fund.
		Michael Bushby is also a
		beneficiary of the Lowelly
Nature of relevant interest:		Superannuation Fund.
_For that relevant interest,- _
Number held in class:		137,671
Current registered holder(s):		LowellyPtyLimited
For a derivative relevant interest,-
Type of derivative:		Not applicable
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):		Not applicable
A statement as to whether the derivative is cash settled or physically settled:		Not applicable
Maturity date of the derivative (if any):		Not applicable
Expiry date of the derivative (if any):		Not applicable
The price's specified terms (if any):		Not applicable
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financialproducts:		Not applicable
For that derivative relevant interest,-		Not applicable
Parties to the derivative:		Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:		Not applicable

Certification

Certification
I 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.
Signature of director or officer:
Date of signature:		3 February 2020
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorisedperson: