GENTRACK GROUP LIMITED — Share Issue/Capital Change 2024

Dec 22, 2024

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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

23 December 2024

Capital Change Notice

Gentrack Group Limited ( Gentrack ) adopted a long-term incentive scheme known as the Gentrack LTI Scheme by Board resolution in 2020 ( Gentrack LTI Scheme ). The Gentrack LTI Scheme is for eligible employees and aimed below executive level. Gentrack advises that 241,449 share rights ( Share Rights ) have been issued to relevant participants under the Gentrack LTI Scheme.

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

Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information
Name of issuer					Gentrack GroupLimited
NZX ticker code					GTK
Class of financial product					Share Rights that are convertible toGentrack Group Limited ordinaryshares, pursuant to the GentrackLTI Scheme.
ISIN(If unknown,check on NZX website)					NZGTKE0002S9
Currency					N/A
Section 2: Capital change details
Number issued/acquired/redeemed					241,449 Share Rights
Nominal value(if any)					Not applicable
Issue/acquisition/redemption price per security					No consideration is payable
					for the issue of Share Rights and
					no consideration is payable on
					receipt of ordinary shares on
					vestingof Share Rights.
Nature of the payment (for example, cash or other					NIL
consideration)
	nsideration)
Am
	ountpaid up	(if not in fu	ll)		N/A
Pe	rcentage of to	tal class of	Financial Prod	ucts	The	Share Rights wi	ll represent
iss	ued/acquired	/redeemed	/ (calculated o	n the	100	% of that class o	f financial
nu
	mber of Finan	cial Produc	ts of the Class	, excluding	pro	ducts on issue.
an	y Treasury Sto	ck, in existe	nce)		If al	l Share Rights to	which this
						l	h
					notce reates were to vest, te
					new shares would represent
					0.0022% of the ordinary shares of
					Gentrack Group Limited currently
					on issue.
For an issue of Convertible Financial Products or					•Each Share Right issued to the
Options, the principal terms of Conversion (for					relevantparticipants under the

Gentrack Group Ltd | ARBN 169 195 751

example the Conversion price and Conversion date	Gentrack LTI Scheme that vests
and the ranking of the Financial Product in relation to	entitles the relevant participant
other Classes of Financial Product) or the Option (for	to one fully paid ordinary share
example, the exercise price and exercise date)	in Gentrack Group Limited.
	•The Share Rights issued under
	the Gentrack LTI Scheme will
	be eligible to vest in three
	tranches (on the first NZX
	trading day immediately
	following the date of the
	release of the annual financial
	results of Gentrack for the
	years ending 30 September
	2025, 30 September 2026 and
	30 September 2027). These
	Share Rights are subject to a
	continued employment vesting
	condition.
	•There is no amount payable by
	the relevant participants on
	grant or vesting of the Share
	Rights.
	The ordinary shares transferred
	upon vesting of the Share Rights
	will rank equally with all other
	ordinaryshares on issue.
Reason for issue/acquisition/redemption and specific	Issued under the Gentrack LTI
authority for issue/acquisition/redemption/ (the	Scheme.
reason for change must be identified here)
Total number of Financial Products of the Class after	The Share Rights to which this
the issue/acquisition/redemption/Conversion	notice relates and issued under
(excluding Treasury Stock) and the total number of	the Gentrack LTI Scheme
Financial Products of the Class held as Treasury Stock	represent a separate class distinct
after the issue/acquisition/redemption.	from existing Share Rights issued
	under that incentive scheme.
	There will be 241,449 Share Rights
	of such class issued under the
	Gentrack LTI Scheme immediately
	following the issue referred to in
	this notice.
	No Share Rights are held as
	TreasuryStock.
In the case of an acquisition of shares, whether those	Not applicable
shares are to be held as treasurystock
Specific authority for the issue, acquisition, or	Rules of the Gentrack LTI Scheme,
redemption, including a reference to the rule	Board resolution dated 22
pursuant to which the issue, acquisition, or	December 2024 and Listing Rule
redemption is made	4.6.1.

Gentrack Group Ltd | ARBN 169 195 751

Terms or details of the issue, acquisition, or	See the principal terms outlined
redemption (for example: restrictions, escrow	above.
arrangements)
Date of issue/acquisition/redemption	23 December 2024
Section 3: Authority for this announcement and contact person
Name of person authorised to make this
	Anna Ellis
announcement
Contact person for this announcement	Anna Ellis
Contact phone number	+64 9 966 6090
Contact email address	companysecretarial@gentrack.com
	23 December 2024
Date of release through MAP

ENDS

Contact details regarding this announcement:

Anna Ellis – 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