SMART PARKING LIMITED — Capital/Financing Update 2016

May 23, 2016

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Manager of Company Announcements ASX Limited PERTH

24 May 2016

By E-Lodgement

Contract Award Update

Smart Parking Ltd (ASX: SPZ) ( Company ) is pleased to announce recent contract awards from the following customers:

The World’s Smartest Parking Tools

Australia 85 Dundas Place Albert Park Victoria 3206 Australia

New Zealand 583 Great South Road PO Box 12584 Penrose Auckland 1642 New Zealand Tel: +64 7823 2090

Progressive Enterprises Contract:

SmartGuide Parking Guidance System: 240 Overhead bays and annual maintenance Contract.

Progressive Enterprises has awarded Smart Parking a contract to install its SmartGuide parking technology into the new Cider Building on Williamson Avenue, Ponsonby, Auckland. The initiative will improve off-street parking traffic flow, capacity and customer experience with digital display signage and high-intensity LED lighting that guides drivers to available spaces.

www.smartparking.com info@smartparking.com

ASX: SPZ

Progressive Enterprises owns and operates more than 183 Countdown supermarkets in New Zealand and is the country’s largest private sector employer. Progressive Enterprises is part of Woolworths Limited (ASX:WOW) and the franchisor of the SuperValue and Fresh Choice supermarkets in New Zeland.

Stockland (ASX:SGP):

SmartGuide Parking Guidance System: 511 Overhead Bays, 320 in ground sensor Spaces and 50 way finding signs plus a 3 + 3 + 3-year maintenance contract.

Stockland (ASX:SGP) has awarded Smart Parking the tender for the supply and installation of parking guidance technology into one of Stockland’s shopping center’s located in Baulkham Hills, Sydney. Smart Parking has submitted a SmartGuide solution which has a mixture of indoor and outdoor sensors all connected to 50 digital way finding signs. This will improve off-street and on-street parking traffic flow, capacity and customer experience with digital display signage and highintensity LED lighting that guides drivers to available spaces.

Stockland is Australia's largest diversified property group and listed on the ASX. Stockland develop, own and manage shopping center’s, retail center’s, business parks, logistics center’s, office buildings, residential communities and retirement living villages.

For and on behalf of the Board

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Jeremy King Company Secretary