EROAD Limited — Major Shareholding Notification 2026

Jan 8, 2026

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013

To : NZX Limited

and

To : EROAD Limited

Date this disclosure made: 08 January 2026

Date last disclosure made: 07 January 2026

Date on which substantial holding ceased: 06 January 2026

Substantial product holder(s) giving disclosure

Full name(s): UBS Group AG and its related bodies corporate

Summary of previous substantial holding

Class of quoted voting products: Ordinary shares

Summary for: UBS Group AG and its related bodies corporate

For last disclosure, —

• (a) total number held in class: 9,497,095 shares

• (b) total in class: 187,966,817 shares

• (c) total percentage held in class: 5.05%

For current holding after ceasing to have substantial holding, —

• (a) total number held in class 8,362,809 shares

• (b) total in class: 187,966,817 shares

• (c) total percentage held in class: 4.45%

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

Details of the transactions or other events requiring disclosure: Please see Appendix A.

Additional information

Address(es) of substantial product holder(s):

Name	Addresses
UBS AG Australia Branch	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG London Branch	5 Broadgate, London, United Kingdom
UBS Asset Management(Australia)Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Fund Management(Switzerland) AG	Aeschenvorstadt 1, Basel, Switzerland
UBS Securities Australia Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia

UBS Nominees Pty Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia Brispot Nominees Pty Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia

Contact details: Ruby Ko

Tel: +852 3712 2802

Email: ruby.ko@ubs.com

Nature of connection between substantial product holders:

UBS AG Australia Branch: Related body corporate

UBS AG London Branch: Related body corporate

UBS Asset Management (Australia) Ltd: Related body corporate

UBS Fund Management (Switzerland) AG : Related body corporate

UBS Securities Australia Ltd: Related body corporate

UBS Nominees Pty Ltd: Related body corporate

Brispot Nominees Pty Ltd: Related body corporate

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

We certify that, to the best of our knowledge and belief, the information contained in this disclosure is correct and that we are duly authorised to make this disclosure by all persons for whom it is made.

SIGNATURE

Print Name: Ruby Ko Capacity: Authorised signatory Sign Here: Date: 08 January 2026 Print Name: Dominic Eichrodt Capacity: Authorised signatory Date: 08 January 2026 Sign Here:

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----- Start of picture text ----- ERD - Appendix ADate of Person whose relevant interest Nature of Change Consideration given in Number of securities Classchange changed relation to change06-Jan-26 UBS Securities Australia Ltd Sell 8,224 (6,720) Ordinary06-Jan-26 UBS Securities Australia Ltd Sell 2,011 (1,651) Ordinary06-Jan-26 UBS Securities Australia Ltd Sell 13,095 (10,700) Ordinary06-Jan-26 UBS Securities Australia Ltd Buy 3,060 2,477 Ordinary06-Jan-26 UBS Securities Australia Ltd Buy 3,074 2,522 Ordinary06-Jan-26 UBS Securities Australia Ltd Sell 1,193 (985) Ordinary06-Jan-26 UBS Securities Australia Ltd Sell 2,385 (1,947) Ordinary06-Jan-26 UBS Securities Australia Ltd Buy 3,790 3,118 Ordinary06-Jan-26 UBS Securities Australia Ltd Sell 9,515 (7,812) Ordinary06-Jan-26 UBS Securities Australia Ltd Buy 8,424 6,875 Ordinary06-Jan-26 UBS Securities Australia Ltd Buy 13,594 11,194 Ordinary06-Jan-26 UBS Securities Australia Ltd Sell 42,461 (35,038) Ordinary06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 6,720 Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 1,082 Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 569 Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (2,522) Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 985 Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 35,038 Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (3,118) Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 1,947 Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (11,194) Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (2,477) Swaps06-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 10,700 Swaps06-Jan-26 UBS AG Australia Branch Change in right of rehypothecation N/A (1,133,349) Ordinary----- End of picture text -----