Serko Limited — Share Issue/Capital Change 2018

Aug 10, 2018

10 August 2018

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NOTICE PURSUANT TO NZSX LISTING RULE 7.12.1

For the purposes of rule 7.12.1 of the NZX Main Board Listing Rules (" Listing Rules "), Serko Limited (" Serko ") advises that the following securities have been issued:

Class of Security:	Options to subscribe for Ordinary Shares in Serko (“Options”)
ISIN:	NZSKOE0001S7
Number of securities issued:	3,521 Options
Nominal value:	N/A.
Issue price:	The Options have an exercise price of $2.84 per Option, being
	the closing market price of an Ordinary Share on the NZX
	Main Board on 29 July 2018.
Payment in Cash:	N/A.
Amount paid up:	N/A.
The principal terms of the securities:	The Options will vest (meaning they are able to be exercised)
	in four tranches commencing two-years after they are granted,
	subject to continued employment. The Options have an
	exercise price of $2.84 per Option and a final exercise date of
	5 years and two months from the grant date.
Percentage total of class of securities:	The Company has 74,894,342 Ordinary Shares on issue. It
	has granted in total 202,784 Options. If 100% of the Options
	were to vest and be exercised on the date of this notice of
	allotment, it would represent approximately 0.271% (to 3dp) of
	the Ordinary Shares on issue.
Reason for issue:	Grant of Options pursuant to the Serko Limited (US) 2018
	Share Incentive Plan as part of the remuneration package of
	certain key employees residing in the United States.
Specific authority for issue:	Directors’ resolution
Any terms or details of the issue:	The Options issued in accordance with the terms set out in the
	Serko Limited (US) 2018 Share Incentive Plan and Option
	Agreement. Other terms are detailed above.
Total number of securities of the class	202,784 unlisted Options (convertible into Ordinary Shares on
in existence after issue:	a 1:1 basis) outstanding.
	There are also 74,894,342 Ordinary Shares on issue
Treasury stock:	N/A

Date of issue:

30 July 2018 (grant date)

Susan Putt Chief Financial Officer

Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, company.secretary@serko.com Incorporated in New Zealand ARBN 611 613 980