Serko Limited — Share Issue/Capital Change 2021

Jan 26, 2021

CAPITAL CHANGE NOTICE

Section 1: Issuer information
Name of issuer	Serko Limited (“Serko”)
NZX ticker code	SKO
Class of financial product	Ordinary shares in Serko
ISIN	NZSKOE0001S7
Currency	NZD
Section 2: Capital change details
Number of issuances to which this notice relates	1
Number issued/acquired/redeemed	1,586 ordinary shares issued upon the exercise of 1,586unlisted options
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	NZ$2.68 (exercise price)
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Fully paid
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence)1	0.0015% ordinary shares
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) orthe Option (for example, the exercise price and exercise date)	N/A
Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (the reason forchange must be identified here)	Exercise of options under the Serko Limited (US) 2018Share Incentive Plan and issue of 1,586 ordinaryshares.
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of theClass held as Treasury Stock after theissue/acquisition/redemption.	172,793 unlisted options107,820,024 ordinary shares
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	N/A
Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Directors’ resolutionNZX Listing Rule 4.6
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	The new shares will rank equally with all other fullypaid ordinary shares on issue.
Date of issue/acquisition/redemption	26 January 2021

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

Section 3: Authority for this announcement and contact person	Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement		Sarah Miller, General Counsel
Contact person for this announcement		Sarah Miller, General Counsel
Contact phone number		+64 27 245 0267
Contact email address		investor.relations@serko.com
Date of release through MAP		26 January 2021

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, investor.relations@serko.com Incorporated in New Zealand ARBN 611 613 980