GENTRACK GROUP LIMITED — Share Issue/Capital Change 2023

Oct 16, 2023

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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

17 October 2023

Capital Change Notice

Gentrack Group Limited (NZX/ASX: GTK) ( Gentrack ) adopted a Senior Management LTI Scheme ( Senior Management LTI Scheme ) by Board resolution in 2016. Gentrack advises that 698,315 performance rights ( PRs ) have been issued to relevant 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	698,315 PRS
Nominal value(if any)	N/A
Issue/acquisition/redemption price per security	No consideration is payablefor the issue of PRs and noconsideration is payable onreceipt of ordinary shares onvestingof 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	The PRs will represent 100% of
issued/acquired/redeemed/ (calculated on the number of	that class of financial products
Financial Products of the Class, excluding any Treasury	on issue.
Stock, in existence)	If all PRs to which this notice
	relates were to vest, the new
	shares would represent 0.68%
	of the ordinary shares of
	Gentrack Group Limited
	currently on issue

Gentrack Group Ltd | ARBN 169 195 751

For an issue of Convertible Financial Products or Options,	•Each PR issued to the
the principal terms of Conversion (for example the	relevant participants under
Conversion price and Conversion date and the ranking of	the Senior Management
the Financial Product in relation to other Classes of	LTI Scheme that vests
Financial Product) or the Option (for example, the exercise	entitles the relevant
price and exercise date)	participant to one fully
	paid ordinary share in
	Gentrack Group Limited.
	•The PRs issued under the
	Senior Management LTI
	Scheme 2022 Grant will be
	eligible to vest in two
	tranches (on 31 March
	2024, and the first date
	after the period of 10
	trading days immediately
	following the release of the
	audited financial
	statements for the year
	ending 30 September
	2025). Vesting of the PRs is
	subject to a continued
	employment vesting
	condition and in the case
	of the second tranche of
	PRs, a share price
	appreciation performance
	hurdle.
	•There is no amount
	payable by the relevant
	participants 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 the Senior
authority for issue/acquisition/redemption/ (the reason for	Management LTI Scheme.
change must be identified here)
Total number of Financial Products of the Class after the	The PRs to which this notice
issue/acquisition/redemption/Conversion (excluding	relates and issued under the
Treasury Stock) and the total number of Financial Products	Senior Management LTI
of the Class held as Treasury Stock after the	Scheme represent a separate
issue/acquisition/redemption.	class distinct from existing PRs
	issued under that incentive
	scheme. There will be 698,315
	PRs of such class issued under
	the Senior Management LTI
	Scheme immediately following
	the issue referred to in this
	notice.

Gentrack Group Ltd | ARBN 169 195 751

	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 Senior
including a reference to the rule pursuant to which the	Management LTI Scheme,
issue, acquisition, or redemption is made	Board resolution dated 16
	October 2023 and Listing Rule
	4.6.1.
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	17 October 2023
Section 3: Authority for this announcement and contact person
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
	17 October 2023
Date of release through MAP

ENDS

Contact details regarding this announcement:

Kerry Nickels – Company Secretary +64 9 966 6090

About Gentrack

We are entering a new era, with utilities worldwide transforming to meet business and sustainability targets. For over 35 years Gentrack has been partnering with the world’s leading utilities, and more than 60 energy and water companies rely on us.

Gentrack, with our partners Salesforce and AWS, are leading todays transformation with g2.0, an end-to-end product-to-profit solution. Using low code / no code, and composable technology. G2.0 allows utilities to launch new propositions in days, reduce cost-to-serve and lead in total experience. https://www.gentrack.com

Gentrack Group Ltd | ARBN 169 195 751