GENTRACK GROUP LIMITED — Share Issue/Capital Change 2016

Dec 21, 2016

22 December 2016

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Issue of Performance Rights

In accordance with NZX Listing Rule 7.12.1, Gentrack Group Limited (NZX/ASX: GTK) ( Gentrack ) advises that it has issued 82,501 Performance Rights ( PRs ) to senior executives for nil consideration under the Gentrack Long Term Incentive Scheme ( LTI Scheme ).

Each PR issued for this award under the LTI Scheme gives the right to receive one ordinary share in Gentrack, subject to the holder remaining employed by Gentrack until the end of the vesting period and achievement of the Performance Hurdle.

The vesting period for this award is from 1 October 2016 until the date the financial results for the year to 30 September 2019 are released.

The Performance Hurdle is that 50% of the PRs will vest if the Compound Annual Growth Rate ( CAGR ) in Earnings Per Share ( EPS ) of Gentrack over the 3 financial years of the measurement period is 7%. The number of PRs that vest increases linearly to 100% if EPS CAGR is 12%. The Performance Hurdle will be measured over the three years ending on 30 September 2019.

The Performance Hurdle for vesting of PRs granted in the future will be set by the Board at the time they are granted.

In connection with the issue, Gentrack advises the following details:

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----- Start of picture text ----- (a) Class of security and ISIN: Performance Rights- ISIN: N/A(b) Number of Performance Rights issued: 82,501(c) Issue Price: NIL(d) Payment in cash: NIL(e) Amount paid up: N/A(f) Principal terms See text above(g) Percentage of total 35% (of Performance Rights on issue)class of securities:(h) Reason for issue: Issued under the Gentrack LTI Scheme(i) Specific authority for issue: Directors’ Resolution(j) Terms or details of issue: Issued under the Gentrack LTI Scheme(k) Total number of securities of 234,901the class after issue:(l) Treasury Stock: Not applicable(m) Date of issue: 22 December 2016 (Grant Date: 1 October2016)----- End of picture text -----

ENDS

Gentrack Group Ltd | www.gentrack.com | info@gentrack.com | ARBN 169 195 751

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Contact

Jon Kershaw – Company Secretary

+64 9 966 6090

About Gentrack

Auckland-based Gentrack is a developer of specialist software for energy utilities, water companies and airports around the world. It employs over 250 people in offices in New Zealand, Australia and the UK and services utility and airport sites across four continents.

Gentrack is comprised of two leading software products - Gentrack Velocity and Airport 20/20. Gentrack Velocity is a specialist billing and CRM product designed for energy utilities and water companies in competitive and regulated utilities markets. Airport 20/20 is a comprehensive Airport Operational System engineered to optimise an airport’s operations through intelligent collaboration, streamlining airport information flows and transforming the passenger experience.

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