SERKO LIMITED — Share Issue/Capital Change 2021

Nov 30, 2021

Template Capital Change Notice

Updated as at 17 October 2019

Section 1: Issuer information
Name of issuer	Serko Limited
NZX ticker code	SKO
Class of financial product	Ordinary Shares in SerkoLimited
ISIN (If unknown, check on NZX website)	NZSKOE0001S7
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	10,638,297
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	NZ$7.05
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	9.85%
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) or theOption (for example, the exercise price and exercise date)	N/A
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	Allotment of 10,638,297ordinary shares under aplacement conducted by SerkoLimited.
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	118,675,642 ordinary shareson issue.There are also 160,322unlisted options outstanding,taking into account all forfeitedoptions to date.There are also 1,861,209unlisted restricted share unitsoutstanding, taking intoaccount all forfeited restrictedshare units to date.

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

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	Authorised by a resolution ofthe Board. The placement isbeing made pursuant to NZXListing Rule 4.5.1.
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	The new shares will rankequally with all other fully paidordinary shares on issue.
Date of issue/acquisition/redemption2	1 December 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Shane Sampson
Contact person for this announcement	Shane Sampson
Contact phone number	+64 9 884 5916
Contact email address	investor.relations@serko.com
Date of release through MAP	1 December 2021

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).