GENTRACK GROUP LIMITED — Major Shareholding Notification 2021

Jun 20, 2021

Gentrack Group 17 Hargreaves Street, St Marys Bay, Auckland 1011, PO Box 3288, Auckland 1140, New Zealand Ph: +64 9 966 6090 Email: info@gentrack.com www.gentrack.com

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21 June 2021

Substantial Product Holder Notice

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

ENDS

Contact details regarding this announcement:

Jon Kershaw - Company Secretary +64 9 966 6090

About Gentrack

The global pace of change is accelerating, and utilities need to rebuild for a more sustainable future. Gentrack provides leading utilities across the world with innovative cleantech solutions.

Working with some of the world’s biggest energy and water companies, as well as innovative challenger brands, we are helping companies reshape what it means to be a utilities business.

We are driven by our passion to create positive impact. That is why utilities rely on us to drive innovation, deliver great customer experiences and secure profits.

Together, we are renewing utilities.

Gentrack Group Ltd | ARBN 169 195 751

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Limited and

To Gentrack Group Limited

Date this disclosure made: 21 June 2021

Date last disclosure made: 17 June 2021

Date on which substantial holding ceased: 21 June 2021

Substantial product holder giving disclosure

Full names: Devaron (NZ) Limited and Hg Pooled Management Limited

Summary of previous substantial holding

Class of quoted voting products: Ordinary shares (NZX code: GTK)

Summary for Devaron (NZ) Limited and Hg Pooled Management Limited

For last disclosure,—

• (a) total number held in class: 11,191,471

• (b) total in class: 98,894,829

• (c) total percentage held in class: 11.316%

For current holding after ceasing to have substantial holding,—

• (a) total number held in class: 0

• (b) total in class: 98,894,829

• (c) total percentage held in class: 0.000%

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

Details of the transactions or other events requiring disclosure: On 17 June 2021, Devaron (NZ) Limited sold 11,191,471 ordinary shares in Gentrack Group Limited on market at a sale price of NZ$2.00 per share (being $22,382,942.00 in aggregate). Settlement of that trade has now occurred.

Additional information

Address of substantial product holder: Devaron (NZ) Limited - TMF Group, Level 11, 41 Shortland Street, Auckland, 1010, New Zealand

Addresses of substantial holder: Hg Pooled Management Limited – 2 More London Riverside, London SE1 2 AP, United Kingdom

Contact details: Moynul Ali, +44 207 089 7931, moynul.ali@hgcapital.com

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Nature of connection between substantial product holders: Hg Pooled Management Limited had the power to control the exercise of the right to vote attaching to the shares held by Devaron (NZ) Limited and the power to control the acquisition or disposition of the shares held by Devaron (NZ) Limited.

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: N/A

Certification

I, Moynul Ali, 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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