EROAD Limited — Major Shareholding Notification 2021

Dec 4, 2021

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To	NZX Limited
and
To	EROAD Limited (ERD)
Date this disclosure made:	3 December 2021
Date last disclosure made:	4 October 2021
Date on which substantial	2 December 2021
holding ceased:

Substantial product holder(s) giving disclosure Full name(s): Jarden Securities Limited

Summary of substantial holding

Jarden Securities Limited:

Class of q	uoted voting products:	uoted voting products:	Ordinary Shares(Shares)	Ordinary Shares(Shares)
Summary	for:				S
				Jarden Securities Limited (includes DIM
				holdings)
Forlastd	isclosure	(a) total number held i	n class:	4,883,963
		(b) total in class:		97,021,787
		(c) total percentage heclass:	ld in	5.033%
For curreafterceahave a suhldi	nt holdingsing tobstantial	(a) total number held i	n class:	4,870,543
		(b) total in class:		110,338,787
ong		(c) total percentage heclass:	ld in	4.414%

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Details of transactions and events giving rise to ceasing of substantial holding:

The transactions giving rise to this disclosure obligation are a result of on-market purchases and sales, and transfers into DIMS service by Jarden Securities Limited since the last relevant event on 30 September 2021, as summarised in the table below:

Details for:	Jarden Securities Limited (DIMS Service)	Jarden Securities Limited
Nature of relevant interest(s):	Jarden Securities Limited has, as provider ofdiscretionary investment management services(DIMS) under various investment managementagreements with clients (the beneficial owners ofthe product), the power to exercise (or controlthe exercise of) a right to vote attached to, andpower to acquire or dispose of (or control theacquisition or disposal of), the Shares	As beneficial owner, through normal on-market tradingactivity, with the power to exercise (or control theexercise of) a right to vote attached to, and power toacquire or dispose of (or control the acquisition ordisposal of), the Shares, and as borrower of the Sharesfor the relevant quantity shown below.
On-market purchases –number of shares	166,300	709,952
On-market purchases – GrossConsideration	$881,197	$3,684,023
On-market sales – number ofshares	238,552	701,860
On-market sales –GrossConsideration	$1,224,438	$3,662,525
Transfers into DIMS service	50,740	N/A

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Additional information:

Address(es) of substantial Level 14, 171 Featherston Street, Wellington product holder(s): Contact details: Shane Willett + 64 4 4965 334 shane.willett@jarden.co.nz Nature of connection N/A between substantial product holders:

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: none.

Certification:

I, Shane Willett, 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.

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