EROAD Limited — Major Shareholding Notification 2026

Jan 26, 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: 26 January 2026

Date last disclosure made: 22 January 2026

Date on which substantial holding ceased: 22 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: 9,431,807 shares

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

• (c) total percentage held in class: 5.02%

For current holding after ceasing to have substantial holding, —

• (a) total number held in class 5,285,493 shares

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

• (c) total percentage held in class: 2.81%

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

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Print Name: Ruby Ko Capacity: Authorised signatory
Sign Here: Date: 26 January 2026
Print Name: Dominic Eichrodt Capacity: Authorised signatory
Date: 26 January 2026
Sign Here:
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ERD - Appendix A
Date of Person whose relevant interest Nature of Change Consideration given in Number of securities Class
change changed relation to change
21-Jan-26 UBS AG Australia Branch Change in right of rehypothecation N/A 24,550 Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 42,821 34,060 Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 39,428 (30,824) Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 6,257 4,836 Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 15,235 (11,958) Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 222 (175) Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 1,302 1,029 Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 19,541 15,164 Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 5,847 (4,465) Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 8,208 (6,326) Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 18,850 14,662 Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 10,305 (7,932) Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 11,576 8,983 Ordinary
21-Jan-26 UBS Securities Australia Ltd Buy 42,806 33,206 Ordinary
21-Jan-26 UBS Securities Australia Ltd Sell 13,923 (10,850) Ordinary
21-Jan-26 UBS AG London Branch Sell 113 (88) Ordinary
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 10,850 Swaps
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (33,206) Swaps
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (15,164) Swaps
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 11,958 Swaps
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (4,836) Swaps
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 30,824 Swaps
21-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (34,060) Swaps
22-Jan-26 UBS AG Australia Branch Change in right of rehypothecation N/A (4,169,240) Ordinary
22-Jan-26 UBS AG London Branch Sell 15,959 (12,648) Ordinary
22-Jan-26 UBS Securities Australia Ltd Sell 18,802 (14,969) Ordinary
22-Jan-26 UBS Securities Australia Ltd Buy 6,990 5,397 Ordinary
22-Jan-26 UBS Securities Australia Ltd Buy 2,867 2,187 Ordinary
22-Jan-26 UBS Securities Australia Ltd Buy 1,686 1,298 Ordinary
22-Jan-26 UBS Securities Australia Ltd Sell 2,922 (2,322) Ordinary
22-Jan-26 UBS Securities Australia Ltd Buy 8,810 6,693 Ordinary
22-Jan-26 UBS Securities Australia Ltd Sell 595 (466) Ordinary
22-Jan-26 UBS Securities Australia Ltd Sell 10,620 (8,138) Ordinary
22-Jan-26 UBS Securities Australia Ltd Buy 6,196 4,727 Ordinary
22-Jan-26 UBS Securities Australia Ltd Sell 7,729 (5,955) Ordinary
22-Jan-26 UBS Securities Australia Ltd Buy 3,653 2,825 Ordinary
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (2,825) Swaps
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 5,955 Swaps
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (6,693) Swaps
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (1,298) Swaps
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 2,322 Swaps
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A 14,969 Swaps
22-Jan-26 UBS AG London Branch Enter Into Derivative Contract N/A (5,397) Swaps
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