GENTRACK GROUP LIMITED — Share Issue/Capital Change 2022

Oct 24, 2022

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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

25 October 2022

Capital Change Notice

Gentrack Group Limited (NZX/ASX: GTK) ( Gentrack ) adopted a Senior Management Long Term Incentive Scheme ( Senior Management LTI Scheme ) by Board resolution in 2016. Gentrack advises that 538,866 Performance Rights ( PRs ) have been issued to participants under the Senior Management LTI Scheme.

The following information is supplied pursuant to NZX Main Board Listing Rule 3.13.1.

Section 1: Issuer information
Name of issuer	Gentrack GroupLimited
NZX ticker code	GTK
Class of financial product	PRs that are convertible toGentrack Group Limitedordinary shares, pursuant tothe Senior Management LTIScheme
ISIN(If unknown,check on NZX website)	NZGTKE0002S9
Currency	N/A
Section 2: Capital change details
Number issued/acquired/redeemed	538,866 Rights
Nominal value(if any)	N/A
Issue/acquisition/redemption price per security	No consideration is payable
	for the issue of PRs and no
	consideration is payable on
	receipt of ordinary shares on
	vestingof PRs
Nature of the payment (for example, cash or other	N/A
consideration)
Amountpaid up (if not in full)	N/A
Percentage of total class of Financial Products	If all PRs to which this notice
issued/acquired/redeemed/ (calculated on the number of	relates were to vest, the new
Financial Products of the Class, excluding any Treasury	shares would represent 0.534
Stock, in existence)	% of the ordinary shares of
	Gentrack Group Limited
	currentlyon issue
For an issue of Convertible Financial Products or Options,	•Each PR issued to the
the principal terms of Conversion (for example the
	Managing Director under the
Conversion price and Conversion date and the ranking of
	Senior Management LTI
the Financial Product in relation to other Classes of
	Scheme that vests entitles the
	ManagingDirector to one fully

Gentrack Group Ltd | ARBN 169 195 751

Financial Product) or the Option (for example, the exercise		paid	ordinary share in
rice and exercise date)		G	k G Liid
p		entr	ac roup mte
		•	The number of PRs that
		t d	d th
		ves	epens on e
		com	ound annual growth rate
		(CAG	R) of Gentrack’s earnings
		per sh	are (EPS) over the
		applic	able performance
		perio	d
		•	The PRs will be eligible
		to ves	t in three tranches over
		three	years (on 31 October
		2022,	31 October 2023 and 31
		October 2024)
		•There is no amount
		payable by the Managing
		Director on grant or vesting of
		the PRs
		•The ordinary shares
		transferred upon vesting of the
		PRs will rank equally with all
		other ordinaryshares on issue
Reason for issue/acquisition/redemption and specific		Issued under Senior
authority for issue/acquisition/redemption/ (the reason for
		Management LTI Scheme
change must be identified here)
		The Senior Management LTI
		Scheme was approved by the
		Board in 2016 and the Board
		formally approved the issue of
		the PRs on 31 October 2022
Total number of Financial Products of the Class after the		1,459,031 PRs have been
issue/acquisition/redemption/Conversion (excluding
		issued in 2022
Treasury Stock) and the total number of Financial Products
of the Class held as Treasury Stock after the
issue/acquisition/redemption.		No PRs are held as Treasury
		Stock
In the case of an acquisition of shares, whether those		N/A
shares are to be held as treasurystock
Specific authority for the issue, acquisition, or redemption,		Rules of the Gentrack Senior
including a reference to the rule pursuant to which the		Management LTI Scheme,
issue, acquisition, or redemption is made		board resolution dated 21
		October 2022 and
		shareholders’ resolution
		passed on 24 February 2021
		and ListingRule 4.2.1
Terms or details of the issue, acquisition, or redemption		See the principal terms
(for example: restrictions,escrow arrangements)		outlined above
Date of issue/acquisition/redemption		21October 2022
Section 3: Authority for this announcement and contact person

Gentrack Group Ltd | ARBN 169 195 751

Name of person authorised to make this announcement	Kerry Nickels
Contact person for this announcement	Kerry Nickels
Contact phone number	+64 212102011
Contact email address	commercial@gentrack.com
	25 October 2022
Date of release through MAP

ENDS

Contact details regarding this announcement:

Kerry Nickels – Company Secretary +64 9 966 6090

About Gentrack

Gentrack designs, builds and delivers the high-performing, cloud-first revenue and customer experience solutions found at the heart of leading utilities and airports around the world. Our customers lead in some of the most deregulated and innovative markets in the world; pioneering innovation, driving effective transformation in the management and delivery of two of our planet’s most precious resources; energy and water. More information: https://www.gentrack.com

Gentrack Group Ltd | ARBN 169 195 751