Serko Limited — Share Issue/Capital Change 2021

Dec 14, 2021

CAPITAL CHANGE NOTICE

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	Ordinary shares in Serko Limited
ISIN	NZSKOE0001S7
Currency	NZD
Section 2: Capital change details
Number of issuances to which this notice relates	1
Number issued/acquired/redeemed	36,091 ordinary shares
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	N/A
Nature of the payment (for example, cash or otherconsideration)	No cash consideration was required to be paid for therestricted share units to vest. Non-cash considerationis provided in the form of services rendered and to berendered by the holders as employees of Serko.
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	0.030% (to 3dp) of the ordinary shares on issue pre-vesting.
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)	Vesting of 36,091 restricted share units under theSerko 2018 Long Term Incentive Scheme
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.	118,711,733 ordinary shares on issueThere are also 160,322 unlisted options outstanding,taking into account all forfeited options to date.There are also 1,879,708 unlisted restricted shareunits outstanding, taking into account all forfeitedrestricted share units to date.
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’ resolution, Listing Rule 4.6

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

Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)The ordinary shares issued rank pari passu with theexisting ordinary sharesDate of issue/acquisition/redemption13 December 2021Section 3: Authority for this announcement and contact personName of person authorised to make this announcementSarah Miller	Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)The ordinary shares issued rank pari passu with theexisting ordinary sharesDate of issue/acquisition/redemption13 December 2021Section 3: Authority for this announcement and contact personName of person authorised to make this announcementSarah Miller
Contact person for this announcement	Sarah Miller, General Counsel
Contact phone number	+64 09 884 5916
Contact email address	investor.relations@serko.com
Date of release through MAP	14 December 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