Serko Limited — Share Issue/Capital Change 2019

Nov 25, 2019

CAPITAL CHANGE NOTICE

Se	ction 1: Issuer information
N	ame of issuer		Serko	Limited
N	ZX ticker code		SKO
Cl	ass of financial product
			Ordi	nary shares in Serko
ISIN (If unknown, check on NZX website)			NZSK	OE0001S7
Currency			NZD
Section 2: Capital change details
Number issued/acquired/redeemed			25,000 ordinary shares issued uponexercise of 25,000 options
	umber issued/acquired/redeemed		25,00exerc	0 ordinary shares issued
				ise of 25,000 options
N	ominal value (if any)		Not a	pplicable
Is
	sue/acquisition/redemption price per security		$2.97
N
	ature of the payment (for example, cash or other considerat	on)	Not	pplicable
A	mount paid up (if not in full)		Fully	paid
P(cTr	ercentage of total class of Financial Products issued/acquired	/redeemed/	0.027	%
	alculated on the number of Financial Products of the Class, e	xcluding any
	easury Stock, in existence)1
FoCraor	r an issue of Convertible Financial Products or Options, the	principal terms ofdate and the	Not a	pplicable
	onversion (for example the Conversion price and Conversion
	nking of the Financial Product in relation to other Classes of	Financial Product)te)
	the Option (for example, the exercise price and exercise da
Reason for issue/acquisition/redemption and specific authority forissue/acquisition/redemption/ (the reason for change must be identified here)	eason for issue/acquisition/redemption and specific authority	for	Exerc	ise of options under the S
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding Treasury Stock) and the totalnumber of Financial Products of the Class held as Treasury Stock after theissue/acquisition/redemption.			92,086,422
	qp g y	ck after the
	umber of Financial Products of the Class held as Treasury Sto
	ue/acquisition/redemption
	.
Intr	the case of an acquisition of shares, whether those shares a	re to be held as	Not a	pplicable
	easury stock
Spto	ifi thit f th i iiti dti i	di f	Di	tors' resolution dated 6 Ju	ly 2018e 4.6.
	ecc auory or e ssue, acquson, or reempon, nc	ung a reerencetion is made	recfor is
	the rule pursuant to which the issue, acquisition, or redemp			sue under NZX Listing Rul
Tees				ew shares will rank equall	y with allon issue.
	rms or details of the issue, acquisition, or redemption (for e	xample: restrictions,	The nother
	crow arrangements)			fully paid ordinary shares
D	ate of issue/acquisition/redemption2		25 N	ovember 2019

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Susan Putt
Contact person for this announcement	Susan Putt
Contact phone number	+64 21388009
Contact email address	Investor.relations@serko.com
Date of release through MAP	25 November 2019

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