EROAD Limited — Major Shareholding Notification 2020

Sep 29, 2020

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:	30 September 2020
Date last disclosure made:	26 February 2020
Date on which substantial	24 September 2020
holding ceased:

Substantial product holder(s) giving disclosure

Full name(s): Jarden Securities Limited

Summary of substantial holding

Jarden Securities Limited:

Class of quoted voting products:Ordinary shares (Shares)	Class of quoted voting products:Ordinary shares (Shares)	Class of quoted voting products:Ordinary shares (Shares)
Summary for:		Jarden SecuritiesLimited
Forlastdisclosure -	(a) total number held in class:	3,429,480
	(b) total in class:	68,278,772
	(c) total percentage held in class:	5.023%
For currentholdingafterceasing to	(a) total number held in class:	3,635,911
	(b) total in class:	79,070,851
have asubstantialholding -	(c) total percentage held in class:	4.598%

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

The transactions/events giving rise to this disclosure obligation are on-market buys and sells by Jarden Securities Limited since the previous relevant event on 25 February 2020, as summarised in the table below.

Also included in the table below are all off market movements in the DIMS service provided by Jarden Securities Limited since the previous relevant event on 25 February 2020.

Details for:	Jarden Securities Limited (DIMS)	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 control theexercise of) a right to vote attached to, and powerto acquire or dispose of (or control the acquisitionor disposal of), the Convertible Notes	As beneficial owner, through normal on-market trading activity, with the power toexercise (or control the exercise of) a rightto vote attached to, and power to acquireor dispose of (or control the acquisition ordisposal of), the Convertible Notes
On-market purchases – number ofshares	643,580	391,357
On-market purchases – GrossConsideration	$1,957,419	$1,370,572
On-market sales – number of shares	299,335	609,551
On-market sales – GrossConsideration	$1,017,961	$1,971,912
Net transfers into DIMS service	35,380	N/A
Placement of new Shares on24 Sep 2020 @ $3.90 per share	45,000	N/A

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Additional information

Address(es) of substantial Level 14, 171 Featherston Street, Wellington product holder(s): Contact details: Kate Livingston + 64 9 307 5747 kate.livingston@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, Kate Livingston, 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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