Serko Limited — Capital/Financing Update 2019

Jul 30, 2019

30 July 2019

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Notification of Issue of Options

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of options under the Serko Limited (US) 2018 Share Incentive Plan.

Section 1: Issuer information

Section 1: Issuer information	Section 1: Issuer information
Name of issuer	Serko Limited (“Serko”)
NZX ticker code	SKO
Class of financial product	Options to subscribe for Ordinary Shares inSerko (“Options”)
ISIN	NZSKOE0001S7
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	36,563 Options
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	The Options have an exercise price of NZ$3.95per Option, being the closing market price ofan Ordinary Share on the NZX Main Board on22 July2019.
Nature of the payment (for example, cash or otherconsideration)	N/A
Amount paid up (if not in full)	N/A
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on thenumber of Financial Products of the Class, excludingany Treasury Stock, in existence)	The Company has 80,922,809 Ordinary Shareson issue. It has granted in total 323,464Options. If 100% of the Options were to vestand be exercised on the date of this notice ofallotment, it would represent approximately0.400% (to 3dp) of the Ordinary Shares onissue.
For an issue of Convertible Financial Products orOptions, the principal terms of Conversion (forexample the Conversion price and Conversion dateand the ranking of the Financial Product in relation toother Classes of Financial Product) or the Option (forexample, the exercise price and exercise date)	The Options have an exercise price of NZ$3.95per Ordinary Share, expiring 30 October 2024.The Options will vest (meaning they are able tobe exercised) in four tranches commencingone-year after they are granted, subject tocontinued employment.
Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (thereason for change must be identified here)	Grant of Options pursuant to the Serko Limited(US) 2018 Share Incentive Plan as part of theremuneration package of certain keyemployees residing in the United States.

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Total number of Financial Products of the Class afterthe issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total number ofFinancial Products of the Class held as Treasury Stockafter the issue/acquisition/redemption.	323,464unlisted Options (convertible intoOrdinary Shares on a 1:1 basis) outstanding.There are also 80,922,809 Ordinary Shares onissue
In the case of an acquisition of shares, whether thoseshares are to be held as treasury stock	N/A
Specific authority for the issue, acquisition, orredemption, including a reference to the rulepursuant to which the issue, acquisition, orredemption is made	Directors’ resolution
Terms or details of the issue, acquisition, orredemption (for example: restrictions, escrowarrangements)	The Options issued in accordance with theterms set out in the Serko Limited (US) 2018Share Incentive Plan and Option Agreement.Other terms are detailed above.
Date of issue/acquisition/redemption	30 July 2019 (Grant Date)
Section 3: Authority for this announcement and contact person
Name of person authorised to make thisannouncement	Susan Putt
Contact person for this announcement	Susan Putt, Chief Financial Officer
Contact phone number	+64 9 309 4754 or +64 21 388 009
Contact email address	investor.relations@serko.com
Date of release through MAP	30 July 2019