GENTRACK GROUP LIMITED

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23 October 2019

Substantial Shareholder Notice

Gentrack Group Limited (NZX/ASX: GTK) has today received the attached notice.

ENDS

Contact details:

Jon Kershaw; Company Secretary

+64 9 9666090

About Gentrack

Gentrack provides essential software for essential services, pairing powerful platforms with deep market knowledge to help utilities and airports lower service costs, foster innovation and confidently navigate market reform. It employs over 550 people in offices across New Zealand, Australia, the UK, Singapore, USA and Europe and services over 220 utility and airport sites in 30+ countries with its leading solutions.

Gentrack Cloud is a subscription-based billing, customer information, market interaction and portfolio analytics solution for energy and water utilities in markets where flexibility, uniqueness and compliance are essential. Its meter-to-cash capabilities and managed services offering are designed to enable utilities to differentiate their businesses in competitive markets, to deliver great customer service experiences, achieve lower service costs, launch innovative products and stay compliant with market regulations.

More information: www.gentrack.com

Veovo is Gentrack’s world-class solution for airports, enabling them to unlock operational, revenue, concession and passenger insights across the airport ecosystem. Over 115 airports globally are using Veovo to operate more efficiently, uncover new growth opportunities and deliver outstanding guest experiences.

More information: www.veovo.com

Gentrack Group Ltd | www.gentrack.com | [email protected] | ARBN 169 195 751

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To : New Zealand Stock Exchange

and

To : Gentrack Group Limited

Date this disclosure made: 23 October 2019

Date last disclosure made: 19 June 2019

Date on which substantial holding ceased: 21 October 2019

Substantial product holder(s) giving disclosure

Full name(s): BlackRock, Inc. and related bodies corporate

Summary of previous substantial holding

Class of quoted voting products: Ordinary Shares

Summary for: Product holders listed in Appendix A

For last disclosure,—

(a) total number held in class: 5,075,071 Ord
(b) total in class: 98,644,829
(c) total percentage held in class: 5.145%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 4,884,261
(b) total in class: 98,644,829
(c) total percentage held in class: 4.951%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure: Refer to Appendix B

Additional information

Address(es) of substantial product holder(s): Refer to Appendix A

Contact details: Bradley Taylor, Tel +1-302-797-2361, Email [email protected]

Nature of connection between substantial product holders: Refer to Appendix A

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not Applicable

GTK 21.10.19

Certification

I, Bradley Taylor, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

GTK 21.10.19

Appendix A

	Appendix A
Holder of Relevant Interests	Class CCY Number of Securities % Total Held in Class Nature of Association Address
BlackRock Investment Management (Australia) Limited	ORD AUD 4,884,261 4.951% subsidiary of BlackRock Inc. Level 26, 101 Collins Street Melbourne VIC 3000 Australia (Victoria, Australia)

GTK

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Appendix B

Transaction Date	Person whose relevant interest changed	Nature of change / Consideration (NZD)	Nature of change / Consideration (NZD)	Class and number of securities affected	Class and number of securities affected	Person's votes affected
15-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.4	ORD	-1,114	-1,114
	Limited
15-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.40	ORD	-41,887	-41,887
	Limited
15-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.40	ORD	-2,347	-2,347
	Limited
16-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.42	ORD	-316	-316
	Limited
16-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.42	ORD	-11,876	-11,876
	Limited
16-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.42	ORD	-665	-665
	Limited
17-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.35	ORD	-87	-87
	Limited
17-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.35	ORD	-3,295	-3,295
	Limited
17-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.35	ORD	-185	-185
	Limited
18-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.31	ORD	-235	-235
	Limited
18-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.31	ORD	-8,849	-8,849
	Limited
18-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.31	ORD	-496	-496
	Limited
21-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.26	ORD	-2,935	-2,935
	Limited
21-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.26	ORD	-110,341	-110,341
	Limited
21-Oct-19	BlackRock Investment Management (Australia)	on mkt sell	5.26	ORD	-6,182	-6,182
	Limited

GTK