EROAD Limited — Share Issue/Capital Change 2018

Sep 25, 2018

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EROAD Limited – LTI issue of shares

For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 25 September 2018:

• (a) Class of Security ISIN:

Ordinary shares NZERDE0001S5

• (b) Number issued:

116,705

• (c) Nominal value:

Issue price:

Not applicable

$3.8898 per share

• (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:

0.171%

• (h) Reason for the issue:

Issue of 116,705 ordinary shares to be allocated to employees under EROAD Limited’s Long Term Incentive Plan

• (i) Specific authority for the issue:

Directors’ resolutions dated 25 September 2018

• (j) Terms or details of the issue:

Not applicable

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

68,278,772

• (l) Treasury Stock:

Not applicable

• (m) Date of issue:

25 September 2018

ENDS

Contact: Steven Newman, Chief Executive Officer on +64 9 9274747. For more information about EROAD visit our website www.eroad.com