EROAD Limited — Major Shareholding Notification 2018

Jun 7, 2018

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 EROAD LIMITED

Relevant event being disclosed: movement of 1 % or more in substantial holding Date of relevant event: 06-Jun-2018 Date this disclosure made: 07-Jun-2018 Date last disclosure made: 06-Dec-2017

Substantial product holder(s) giving disclosure Full name(s): Commonwealth Bank of Australia

Summary of substantial holding

Class of quoted voting products: Ordinary shares

Summary forCommonwealth Bank of Australia
Forthisdisclosure,—
(a) total number held in class:	4,982,113
(b) total in class:	68,089,931
(c) total percentage held in class:	7.317%
Forlastdisclosure,—
(a) total number held in class:	5,168,262
(b) total in class:	61,017,011
(c) total percentage held in class:	8.470%

Details of transactions and events giving rise to relevant event

See Appendix A

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Details for Colonial First State Asset Management (Australia) Limited ACN 114 194 311

Details after relevant event

Nature of relevant interest(s):

Relevant interest arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise of the power to dispose of securities in its capacity as investment manager (as provided for under its investment mandates).

Number held in class:		4,982,113
Percentage held in class (%):		7.317%
Custodian Name		Custodian Total Holding		Custodian Total Holding(%)
Citicorp Nominees Pty Limited(Australia)		4,982,113		7.317%
Grand Total		4,982,113		7.317%
Additional information
Address(es) of substantial product holder(s):
*Colonial First State Asset Management (Australia) Limited ACN 114 194 311, Ground Floor Tower 1, 201 Sussex Street, Sydney,
NSW, 2000, Australia
*Commonwealth Bank of Australia, Ground Floor Tower				1, 201 Sussex Street, Sydney, NSW, 2000, Australia
Contact details:Anitha Subramanian, +61 (0) 457 529 297, AUSR_SM02041@cba.com.au
*Nature of connection between substantial product holders:				Commonwealth Bank of Australia is a related body corporate of
Colonial First State Asset Management (Australia) Limited ACN 114 194 311

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:

[not applicable]

Certification

I, Clare McManus, 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.

100080615/3821103.1

Appendix A

Details of the transactions or other events requiring disclosure:

Date of Transaction	Holder of Relevant Interest	Registered Company Before Event	Registered Company After Event	Nature of Change	Class	Number ofSecurities	Cash Consideration	Currency
Friday, 8 December 2017	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tUnknown	Citicorp Nominees Pty Limited(Australia)	Purchase	Ordinary shares	2,000	6,440.00	NZD
Friday, 18 May 2018	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tCiticorp Nominees Pty Limited(Australia)	Unknown	Sale	Ordinary shares	124,635	478,087.40	NZD
Wednesday, 6 June 2018	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tCiticorp Nominees Pty Limited(Australia)	Unknown	Sale	Ordinary shares	250,000	875,000.00	NZD
Wednesday, 6 December 2017	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tUnknown	Citicorp Nominees Pty Limited(Australia)	Purchase	Ordinary shares	33,750	107,051.63	NZD
Thursday, 7 December 2017	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tUnknown	Citicorp Nominees Pty Limited(Australia)	Purchase	Ordinary shares	8,000	25,594.40	NZD
Thursday, 4 January 2018	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tCiticorp Nominees Pty Limited(Australia)	Unknown	Sale	Ordinary shares	250,000	927,500.00	NZD
Tuesday, 12 December 2017	Colonial First State Asset Managemen(Australia) Limited ACN 114 194 311	tUnknown	Citicorp Nominees Pty Limited(Australia)	Purchase	Ordinary shares	394,736	1,199,997.44	NZD

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