EROAD Limited — Major Shareholding Notification 2017

Jul 17, 2017

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: 18 July 2017

Date last disclosure made: 3 July 2017

Date on which substantial holding ceased: 13 July 2017

Substantial product holder(s) giving disclosure

Full Name(s): Paul Robertshawe

Summary of previous substantial holding

Class of quoted voting products: Ordinary Shares (ERD NZ)

Summary for: Paul Robertshawe

For last disclosure:

• (a) Total number held in class: 3,034,958 (b) Total in class: 60,526,041

• (c) Total percentage held in class: 5.014%

For current holding after ceasing to have substantial holding:

(a) Total number held in class: 3,024,958

• (b) Total in class: 60,526,041

• (c) Total percentage held in class: 4.998%

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

Details of the transactions or other events requiring disclosure:

On-market sale of 10,000 shares by ACC for net consideration of NZD $21,500 on 13[th] July 2017 and the aggregation of interests in financial products held by Paul Robertshawe and ACC.

Paul Robertshawe continues to be the beneficial owner of 15,000 shares.

Additional information

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

ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington 6140.

Contact details: Marpessa Hof +64 4 816 6062 investmentscompliance@acc.co.nz

Nature of connection between substantial product holders Paul Robertshawe is an employee and portfolio manager for ACC. Under current ACC investment policies, he has the discretion to exercise control over some or all the rights to vote and acquisition or disposal of some or all of the financial products of which ACC is the beneficial owner.

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 securities to which this disclosure relates: n/a

Certification

I, Marpessa Hof, 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.