GENTRACK GROUP LIMITED — Major Shareholding Notification 2023

Mar 2, 2023

==> picture [132 x 33] intentionally omitted <==

==> picture [5 x 73] intentionally omitted <==

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

03 March 2023

Substantial Product Holder Notice

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

ENDS

Contact details regarding this announcement:

Kerry Nickels – Company Secretary +64 9 966 6090

About Gentrack

For over 30 years Gentrack has been partnering with the world’s leading utilities. More than 50 energy and water companies rely on Gentrack. Our g2.0 solution combines this wealth of experience with Salesforce’s unbeatable CRM, Gentrack’s leading meter-to-cash platform, and a composable architecture on AWS. g2.0 ensures high performance, security, scalability, and rapid prototyping for innovation at pace.

When it comes to transformations, you can count on us. https://www.gentrack.com

Gentrack Group Ltd | ARBN 169 195 751

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013

To New Zealand Stock Exchange

and

To Gentrack Limited

Relevant event being disclosed: Change of Nature in relevant interest

Date of relevant event: 02/03/2023

Date this disclosure made: 03/03/2023

Date last disclosure made: 26/10/2022

Substantial product holder(s) giving disclosure

Full name(s): Milford Asset Management Limited

Summary of substantial holding

Class of quoted voting products: Ordinary Shares

Summary for Milford Asset Management Limited

For this disclosure,—

• (a) total number held in class: 14,234,400

• (b) total in class: 101,229,047

• (c) total percentage held in class: 14.062%

For that relevant interest,—

• 11,985,179 (11.870%) - Milford Active Growth Wholesale Fund (Custodian – NNL Custodians)

• • 1,971,443 (1.948%) - Milford NZ Equities Wholesale Fund (Custodian – NNL Custodians)
• • 277,778 (0.225%) – Milford Aggressive Fund (custodian – NNL Custodians)

For last disclosure,—

(a) total number held in class: 13,152,172

• (b) total in class: 100,966,186

• (c) total percentage held in class: 13.026%

For that relevant interest,—

• 11,985,179 (11.870%) - Milford Active Growth Wholesale Fund (Custodian – NNL Custodians)

• • 1,166,993 (1.156%) - Milford NZ Equities Wholesale Fund (Custodian – NNL Custodians)

100080615/3821103.1

Details of transactions and events giving rise to relevant event

On market purchases totalling 1,082,228 units for total consideration of $2,950,663.25 between 26/10/2022 – 02/03/2023

Additional information

Address(es) of substantial product holder(s): Level 28, 48 Shortland Street, Auckland, 1010, New Zealand

Contact details: Zach Kenworthy, Senior Operations Associate

Trades@milfordasset.com +64 9 921 4853

Certification

I, Zach Kenworthy, 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.

100080615/3821103.1