EROAD Limited — Share Issue/Capital Change 2018

Mar 6, 2018

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EROAD Limited – SPP Allotment

For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 6 March 2018:

(a)	Class of Security	Ordinary shares
	ISIN:	NZERDE0001S5
(b)	Number issued:	1,973,673
(c)	Issue price:	$3.04
(d)	Whether payment was in cash:	Yes
(e)	Any amount paid up:	In full
(f)	Principal terms of the Securities:	Not applicable
(g)	Percentage of the total Class of Securities issued:	2.985% of the total number of
		fully paid ordinary shares prior to
		this issue
(h)	Reason for the issue:	Allotment of1,973,673 ordinary
		shares under a share purchase
		plan conducted by EROAD
		Limited
(i)	Specific authority for the issue:	Directors’ resolutions dated 7
		February 2018
(j)	Terms or details of the issue:	New ordinary shares which rank
		equally with all other fully paid
		ordinary shares in EROAD
		Limited on issue
(k)	Total number of Securities of the Class in existence after the	68,089,931
	issue:
(l)	Treasury Stock:	Not applicable
(m)	Date of issue:	6 March 2018

ENDS

Contact: Michael Bushby, Chairman on +64 64 927 4713. For more information about EROAD visit our website www.eroad.com