EROAD Limited — Share Issue/Capital Change 2021

Aug 12, 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	3,584,228
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	A$5.30 / NZ$5.58
Nature of the payment (for example, cash or other consideration)	Cash
Amount paid up (if not in full)	Not applicable
Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence)	3.69%
For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date)	Not applicable
Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here)	Issue of ordinary shares under a share purchase plan announced on 14 July 2021, authorised by shareholder resolution on 30 July 2021.
Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption.	97,021,787
In the case of an acquisition of shares, whether those shares are 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 share purchase plan is made pursuant to NZX Listing Rule 4.1.1 and has received approval by shareholder resolution dated 30 July 2021. EROAD accepted oversubscriptions of NZ$3.9 million as announced on 6 August 2021 and will place those additional shares under NZX Listing Rule 4.5.1.

Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements)	Issue of ordinary shares which rank equally with all other fully paid ordinary shares in EROAD Limited.
Date of issue/acquisition/redemption	13/08/2021
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 MAP	13/08/2021