GENTRACK GROUP LIMITED — Share Issue/Capital Change 2023

Mar 28, 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

29 March 2023

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 584,282 Performance Rights ( PRs ) have been issued to Gentrack’s Managing Director (Mr Gary Miles) 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 to Gentrack Group Limited ordinary shares, pursuant to the Senior Management LTI Scheme.
ISIN(If unknown,check on NZX website)	NZGTKE0002S9
Currency	N/A
Section 2: Capital change details
Number issued/acquired/redeemed	584,282 PRs
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	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
	0.577% of the ordinary shares
	of Gentrack Group Limited
	currentlyon issue.

Gentrack Group Ltd | ARBN 169 195 751

For an issue of Convertible Financial Products or Options,	• Each PR issued to Mr Miles
the principal terms of Conversion (for example the	under the Senior
Conversion price and Conversion date and the ranking of	Management LTI Scheme
the Financial Product in relation to other Classes of	that vests will entitle him to
Financial Product) or the Option (for example, the exercise	one fully paid ordinary
price and exercise date)	share in Gentrack Group
	Limited.
	• Vesting of PRs is subject to
	certain conditions. Half of
	the PRs are subject to a
	performance hurdle based
	on the share price
	appreciation over the
	applicable performance
	period. The PRs have a
	three year vesting period
	divided into three equal
	tranches with the vesting
	date for a tranche on the
	first, second or third
	anniversary of the grant
	date (as the case may be).
	The ordinary shares to be
	issued on 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. The grant of
	PRs to Mr Miles was approved
	by shareholders at the 2021
	ASM held on 24 February
	2021 and the 2023 ASM held
	on 23 February 2023, and the
	Board formally approved the
	issue of the PRs on28 March
	2023.
Total number of Financial Products of the Class after the	584,282 PRs.
issue/acquisition/redemption/Conversion (excluding
	No PRs are held as Treasury
Treasury Stock) and the total number of Financial Products
	Stock.
of the Class held as Treasury Stock after the
issue/acquisition/redemption.
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 28
	March 2023 and shareholders’

Gentrack Group Ltd | ARBN 169 195 751

	resolutions passed on 24
	February 2021 and 23
	February 2023, and Listing
	Rule 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	28 March 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
	29 March 2023
Date of release through MAP

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