EROAD Limited — Share Issue/Capital Change 2018

Jul 31, 2018

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EROAD Limited – Allotment of Shares

For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 31 July 2018:

• (a) Class of Security ISIN:

Ordinary shares NZERDE0001S5

• (b) Number issued:

18,136

• (c) Nominal value: Issue price:

Not applicable

$3.3083 per share calculated as the volume weighted average price of EROAD Limited’s ordinary shares quoted on the NZX Main Board for the five trading day period prior to the date on which the shares are issued

• (d) Payment terms:

Cash

• (e) Any amount paid up:

Fully paid

• (f) Principal terms of the Securities:

The shares rank pari passu with existing ordinary shares

• (g) Percentage of the total Class of Securities issued:

0.0266%

• (h) Reason for the issue:

Issue of 18,136 ordinary shares to Jason Dale, former Chief Financial Officer, in recognition of the significant contribution made by Mr Dale during his time at EROAD

• (i) Specific authority for the issue:

Directors’ resolution dated 31 July 2018

• (j) Terms or details of the issue:

Not applicable

• (k) Total number of Securities of the Class in existence after the issue:

68,162,067

• (l) Treasury Stock:

Not applicable

• (m) Date of issue:

31 July 2018

TEL +64 9 927 4700 PO Box 305 394 FAX +64 9 927 4701 Triton Plaza, North Shore 0757 FREE 0800 4 EROAD Auckland, New Zealand

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ENDS

Contact: Steven Newman, Chief Executive Officer on +64 9 9274713. For more information about EROAD visit our website www.eroad.com

TEL +64 9 927 4700 PO Box 305 394 FAX +64 9 927 4701 Triton Plaza, North Shore 0757 FREE 0800 4 EROAD Auckland, New Zealand

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