SERKO LIMITED — Director's Dealing 2018

Jul 18, 2018

Ongoing Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

ToNZX Limited; and
Name of listedissuer:		SerkoLimited (SKO)
Date this disclosuremade:		19-Jul-18
Date of last disclosure:		21-Mar-18
Director or senior manager giving disclosure
Full name(s):		JohnChallis
Name of listedissuer:		SerkoLimited (SKO)
Name of related body corporate (ifapplicable):		SerkoTrusteeLimited
Position heldin listedissuer:		Head of BusinessDevelopment
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:		Ordinary Shares in Serko Limited (Ordinary Shares)
Nature of the affected relevant interest(s):		1. Beneficial interest in Ordinary Shares with restrictive conditions allocated pursuant to the Serko Limited Employee Restricted Share Scheme, held in trust until vesting. 2. Registeredholderand beneficialowner
For that relevant interest-
Number held in class before acquisition or disposal:		1. 39,123 Ordinary Shares with restrictive conditions 2. 0 Ordinary Shares
Number held in class after acquisition or disposal:		1. 34,583 Ordinary Shares with restrictive conditions 2. 13,055 Ordinary Shares
Current registered holder(s):		1. Serko Trustee Limited 2.SerkoTrusteeLimited
Registered holder(s) once transfers are registered:		1. Serko Trustee Limited on behalf of John Challis 2.JohnChallis
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		two
Details of transactions requiring disclosure-
Date of transaction:		1. 6-Jul-18 2. 10-Jul-18
Nature of transaction:		1. Allocation of Ordinary Shares, with restrictive conditions, pursuant to the Serko Limited Employee Restricted Share Scheme to John Challis. 2. Vesting of Ordinary Shares, with restrictive conditions, pursuant to the Serko Limited Employee Restricted Share Scheme to John Challis.
Name of any other party or parties to the transaction (if known):		Serko Trustee Limited is the registered holder of the ordinary shares with restrictive conditions until they vest.
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration:		1. Ordinary shares allocated as part of Mr Challis's remuneration package, at a value of $2.9594 per share (being the 20 day volume weighted average market price of Ordinary Shares on the NZX Main Board through to 5 July 2018). 2. Services to Serko. No cash consideration is payable on vesting.
Number of financial products to which the transaction related:		1. 8,515 Ordinary Shares with restrictive conditions 2. 13,055 Ordinary Shareswith restrictive conditions
If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—

Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

No

Not Applicable

Not Applicable

Summary of other relevant interests after acquisition or disposal: Class of quoted financial products: Nature of relevant interest:

For that relevant interest,- Number held in class:

Current registered holder(s):

- For a derivative relevant interest, Type of derivative: - Details of derivative, The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

• Ordinary shares 1. Registered holder and beneficial owner of shares by virtue of being a trustee and beneficiary of the Challis Holdings Trust and having the power to exercise a right to vote attached to, and to dispose of, the Trust shares. 2. The power to exercise, or control the exercise of, a right to vote attached to 1,000 shares, through a familial relationship with Brian Challis

• 665,762 ordinary shares 2. 1,000 ordinary shares

• John S Challis & AH Trustees (Challis Holdings) Ltd as Trustees of the Challis Holdings Trust 2. Brian Challis

Not Applicable

Not Applicable

Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: 19-Jul-19 Name and title of authorised person: Susan Putt, CFO