SMART PARKING LIMITED — Capital/Financing Update 2014

Feb 18, 2014

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The World’s Smartest Parking Tools

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

19 February 2014

By E-Lodgement

Underwritten Accelerated Entitlement Offer

Smart Parking Limited ( Company or SPZ ) is pleased to announce an underwritten capital raising of approximately $12.5 million comprising a 2 for 5 accelerated nonrenounceable pro-rata entitlement offer ( Entitlement Offer ) at an offer price ( Offer Price ) of $0.15 per new share ( New Shares ). The Offer Price represents a 9.1% discount to the last traded price of the Company.

Australia 177 Salmon Street Port Melbourne Victoria 3207

New Zealand 2 Oliver Street Cambridge 3450

www.smartparking.com info@smartparking.com

ASX: SPZ

The Entitlement Offer will comprise a non-renounceable entitlement offer to institutional shareholders ( Institutional Entitlement Offer ) and to retail shareholders (Retail Entitlement Offer ).

The Entitlement Offer is underwritten by Baillieu Holst Ltd.

Eligible shareholders will be able to subscribe for 2 new shares for every 5 shares they own at an offer price of $0.15 per share. Entitlements are non-renounceable and will not be tradeable on ASX or otherwise transferable.

The Institutional Entitlement Offer will be conducted on Wednesday, 19 February and Thursday, 20 February. Smart Parking expects to announce the outcome of the Institutional Entitlement Offer prior to the market opening on Friday, 21 February with trading expected to recommence at 10.00 am (Melbourne time) on that day.

The Retail Entitlement Offer will be open from Tuesday, 25 February until 5.00 pm on Wednesday, 12 March. The Record Date for the Entitlement Offer will be 7.00 pm on Monday, 24 February.

Smart Parking intends to use the proceeds from the Entitlement Offer to accelerate growth, maximise revenue streams and drive profitability, as described in more detail in the attached Investor Presentation.

It is expected that approximately 83.3 million New Shares will be issued as part of the Entitlement Offer. New Shares issued under the Entitlement Offer will rank equally with existing ordinary shares.

An investor presentation on the Entitlement Offer has been lodged with ASX today and is able to be downloaded from ASX’s website, www.asx.com.au. The investor presentation contains important information, including key risks and foreign selling restrictions with respect to the Entitlement Offer. A Retail Entitlement Offer Booklet together with the investor presentation will be mailed to eligible retail shareholders on Tuesday, 25 February.

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For and on behalf of Smart Parking:

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Jeremy King Company Secretary Smart Parking Limited