EROAD Limited — Share Issue/Capital Change 2026

Apr 2, 2026

Template Capital Change Notice

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Updated as at June 2023

Section 1: Issuer information
Name of issuer	EROAD Limited (EROAD)
NZX ticker code	ERD
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	N/A
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	120,976
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	Not applicable
Nature of the payment (for example, cash or otherconsideration)	Not applicable
Amount paid up (if not in full)	Fully paid ordinary shares
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any TreasuryStock, in existence)1	0.064%
For an issue of Convertible Financial Products orOptions, the principal terms of Conversion (for examplethe Conversion price and Conversion date and theranking of the Financial Product in relation to otherClasses of Financial Product) or the Option (forexample, the exercise price and exercise date)	Vesting of ordinary sharesto a participant underEROAD’s ShareRetention Plan.Board resolution dated 22January 2026.
Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (the reasonfor change must be identified here)	Issue of 120,976 ordinaryshares to the participant underthe Plan.Board resolution dated 22January 2026.
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excludingTreasury Stock) and the total number of FinancialProducts of the Class held as Treasury Stock after theissue/acquisition/redemption.	188,087,793 ordinary shares.No treasury stock held.
In the case of an acquisition of shares, whether thoseshares are to be held as treasury stock	Not applicable
Specific authority for the issue, acquisition, orredemption, including a reference to the rule pursuant towhich the issue, acquisition, or redemption is made	Director’s resolutionsdated 22 January 2026.NZX Listing Rule 4.6.1.

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or redemption(for example: restrictions, escrow arrangements)	The shares rank pari passu withexisting shares.
Date of issue/acquisition/redemption2	02/04/2026
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Eleanor Koningham
Contact person for this announcement	Eleanor Koningham
Contact phone number	021 02761650
Contact email address	Eleanor.koningham@eroad.com
Date of release through MAP	02/04/2026

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).