EROAD Limited — Major Shareholding Notification 2020

Sep 28, 2020

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To NZX Limited

and To EROAD Limited Date of disclosure made: 28. Sep 20 Date on which substantial holding began: 24. Sep 20

Substantial product holder(s) giving disclosure

Allianz SE as ultimate parent company

Allianz Global Investors Asia Pacific Ltd. (investment discretion) Allianz Global Investors GmbH (parent company) Allianz Asset Management GmbH (parent company)

Allianz Global Investors U.S. LLC (investment discretion) Allianz Global Investors U.S. LLC (parent company) Allianz Global Investors U.S. Holdings LLC (parent company) PFP Holdings Inc. (parent company) Allianz of America Inc. (parent company) Allianz Europe B.V. (parent company)

Summary of substantial holding

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Class of quoted voting products: Ordinary Shares
(c) Total
(a) Total number held (b) Total in
Substantial product holder in class class percentage held
in class
Allianz Global Investors Asia Pacific
3.980.246 79.070.851 5,03%
Ltd.
Allianz Global Investors U.S. LLC 28.047 79.070.851 0,04%
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Details of relevant interest

Substantial product holder	Nature of relevant interest(s)	(a) Number held in class	(b) Percentage held in class	(c) Current registered holder(s)	(d) Registered holder(s) once transfers are registered
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting power	55.481	0,07%	N/A	Allianz Asian Small Cap Equity
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting	181.618	0,23%	N/A	Allianz Choice Oriental Fund
	power
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting power	43.653	0,06%	N/A	Allianz Global Small Cap Equity (HKD)
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting	2.235.500	2,83%	N/A	Allianz Oriental Income
	power
Allianz Global Investors U.S. LLC	Asset Manager with investment and/or voting power	7.972	0,01%	N/A	AllianzGI Global Small- Cap Fund - HK
Allianz Global Investors U.S. LLC	Asset Manager with investment and/or voting power	20.075	0,03%	N/A	AllianzGI International Small Cap Fund - HK
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting power	1.397.348	1,77%	N/A	AllianzGI-Fonds RANW II Segment RANW Oriental Income
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting	7.239	0,01%	N/A	Bombardier US Retirement Plan - International Small
	power				Cap (HKD)
Allianz Global Investors Asia Pacific Ltd.	Asset Manager with investment and/or voting power	59.407	0,08%	N/A	Nova Scotia Health Employees' Pension Plan (HKD)

For a derivative relevant interest, also

• (a) Type of derivative:

(a) Type of derivative: N/A (b) Details of derivative: N/A (c) Parties to the derivative: N/A

• (d) If the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative:

N/A

Details of transactions and events giving rise to substantial holding

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Nature of the Number of
Registered holder Date of transaction transaction ISIN Price per share securities
Allianz Choice Oriental Fund 19.06.2020 Buy NZERDE0001S5 3,2173 4.043
Allianz Choice Oriental Fund 19.06.2020 Buy NZERDE0001S5 3,2 9.257
AllianzGI-Fonds RANW II Segment
RANW Oriental Income 19.06.2020 Buy NZERDE0001S5 3,2 71.763
Allianz Oriental Income 19.06.2020 Buy NZERDE0001S5 3,2173 64.620
AllianzGI-Fonds RANW II Segment
RANW Oriental Income 19.06.2020 Buy NZERDE0001S5 3,2173 31.337
Allianz Oriental Income 19.06.2020 Buy NZERDE0001S5 3,2 147.980
Allianz Oriental Income 13.07.2020 Buy NZERDE0001S5 3,1991 109.078
Allianz Oriental Income 13.07.2020 Buy NZERDE0001S5 3,2 24.922
Allianz Choice Oriental Fund 24.08.2020 Buy NZERDE0001S5 4,05 1.066
Allianz Oriental Income 24.08.2020 Buy NZERDE0001S5 4,05 26.649
Allianz Choice Oriental Fund 25.08.2020 Buy NZERDE0001S5 4,18 2.421
Allianz Oriental Income 25.08.2020 Buy NZERDE0001S5 4,18 61.000
Allianz Choice Oriental Fund 25.08.2020 Buy NZERDE0001S5 4,16 651
Allianz Oriental Income 25.08.2020 Buy NZERDE0001S5 4,16 16.213
Allianz Oriental Income 26.08.2020 Buy NZERDE0001S5 4,18 96.138
Allianz Choice Oriental Fund 26.08.2020 Buy NZERDE0001S5 4,18 3.862
Allianz Choice Oriental Fund 31.08.2020 Buy NZERDE0001S5 4,16 14.700
Allianz Oriental Income 31.08.2020 Buy NZERDE0001S5 4,16 90.600
Allianz Choice Oriental Fund 24.09.2020 Buy () NZERDE0001S5 3,59 29.858
Allianz Oriental Income 24.09.2020 Buy () NZERDE0001S5 3,59 372.100
Allianz Asian Small Cap Equity 24.09.2020 Buy () NZERDE0001S5 3,59 55.481
AllianzGI International Small Cap
Fund - HK 24.09.2020 Buy () NZERDE0001S5 3,59 20.075
AllianzGI-Fonds RANW II Segment
RANW Oriental Income 24.09.2020 Buy () NZERDE0001S5 3,59 239.870
Bombardier US Retirement Plan -
24.09.2020 Buy () NZERDE0001S5 3,59 7.239
International Small Cap (HKD)
Allianz Global Small Cap Equity
24.09.2020 Buy () NZERDE0001S5 3,59 43.653
(HKD)
Nova Scotia Health Employees'
24.09.2020 Buy () NZERDE0001S5 3,59 59.407
Pension Plan (HKD)
AllianzGI Global Small-Cap Fund -
HK 24.09.2020 Buy () NZERDE0001S5 3,59 7.972
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(*) Note: The shares were listed in NZX on 24.09.2020

Additional information

Address of substantial product holder:

Allianz SE

Königinstrasse 28 80802 Munich, Germany

Contact details:

Michael Sieburg +49 89 3800 19957 michael.sieburg@allianz.com

Nature of connection between substantial product holders:

Allianz Global Investors Asia Pacific Ltd. is a direct subsidiary of Allianz Global Investors GmbH Allianz Global Investors GmbH is a direct subsidiary of Allianz Asset Management GmbH Allianz Asset Management GmbH is a direct subsidiary of Allianz SE

Allianz Global Investors U.S. LLC is a direct subsidiary of Allianz Global Investors U.S. Holdings LLC Allianz Global Investors U.S. Holdings LLC is a direct subsidiary of PFP Holdings Inc. PFP Holdings Inc. is a direct subsidiary of Allianz of America Inc. Allianz of America Inc. is a direct subsidiary of Allianz Europe B.V. Allianz Europe B.V. is a direct subsidiary of Allianz SE

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: N/A

Certification

I, Michael Sieburg, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorized to make this disclosure by all persons for whom it is made.