GENTRACK GROUP LIMITED — Major Shareholding Notification 2020

Jan 16, 2020

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17 January 2020

Substantial Shareholder Notice

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

ENDS

Contact Jon Kershaw - Company Secretary +64 9 966 6090

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 200 utility and airport sites globally 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 100 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 | info@gentrack.com | ARBN 169 195 751

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To NZX Limited and

To Gentrack Group Limited

Date this disclosure made: 16 January 2020 (NZST)

Date on which substantial holding began: 14 January 2020

Substantial product holder(s) giving disclosure

Full name(s): Swann Hill BV (" Swann Hill ")

Summary of substantial holding

Class of quoted voting products: Ordinary shares in Gentrack Group Limited (NZX Code: GTK) (" GTK ")

Summary for Swann Hill

For this disclosure,—

• (a) total number held in class: 9,533,201

• (b) total in class: 98,644,829

• (c) total percentage held in class: 9.664 %

Details of relevant interests

Details for Swann Hill

Nature of relevant interest(s): beneficial owner

For that relevant interest,—

• (a) number held in class: 9,533,201

• (b) percentage held in class: 9.664%

• (c) current registered holder(s): unknown

• (d) registered holder(s) once transfers are registered: Swann Hill For a derivative relevant interest, also—

• (a) type of derivative: not applicable

• (b) details of derivative: not applicable

• (c) parties to the derivative: not applicable

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• (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: not applicable

Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure: On-market acquisitions of 9,533,201 ordinary shares in GTK by Swann Hill between 26 November 2019 and 15 January 2020, for total consideration of NZ$ 32,999,154.80.

Additional information

Address of substantial product holder: Albert Hahnplantsoen 23, 1077 BM Amsterdam, the Netherlands

Contact details: M.I. van Thienen, mvanthienen@outlook.com, phone +31 (0)352031738

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

Certification

I, M.I. van Thienen , 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.

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