EROAD Limited — Share Issue/Capital Change 2021

Aug 4, 2021

Capital Change Notice

Updated as at 17 October 2019

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Section 1: Issuer information
Name of issuer	EROAD Limited
NZX ticker code	ERD
Class of financial product	Fully paid ordinary shares
ISIN (If unknown, check on NZX website)	NZERDE0001S5
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	11,541,219
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	A$5.25 / NZ$5.58
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Not applicable
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence)	14.09%
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) or theOption (for example, the exercise price and exercise date)	Not applicable
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	Issue of ordinary shares undera placement announced on 14July 2021, authorised byshareholder resolution on 30July 2021.
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	93,437,559
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	Not applicable
Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	The placement is madepursuant to NZX Listing Rule4.1.1 and has receivedapproval by shareholderresolution dated 30 July 2021.
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	Issue of ordinary shares whichrank equally with all other fullypaid ordinary shares inEROAD Limited.
Date of issue/acquisition/redemption	05/08/2021

	Section 3: Authority for this announcement and contact person	Section 3: Authority for this announcement and contact person
	Name of person authorised to make this announcement	Mark Heine
	Contact person for this announcement	Mark Heine
	Contact phone number	+64 27 973 2106
	Contact email address	mark.heine@eroad.com
Date of release through MAP05/08/2021
	Date of release through MAP	05/08/2021