SMART PARKING LIMITED — Capital/Financing Update 2017

May 24, 2017

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ASX RELEASE | Thursday 25 May 2017

Smart Parking Limited (ASX:SPZ) Wins New Contract In New Zealand

Highlights

• Smart Parking wins new contract from Wilson Parking New Zealand

• Smart Parking to install sensor and bay-finding technology

• Smart Parking technology expected to be used at nine new Wilson Parking New Zealand sites, which will include over 3,000 parking bays

Thursday 25 May, 2017 - Global parking business Smart Parking Limited

(ASX:SPZ) (‘Smart Parking’ or ‘the Company’) Smart Parking is delighted to announce it has won a new contract in New Zealand, having been chosen by Wilson Parking New Zealand as the preferred supplier of sensor and bay-finding technology at nine new sites.

The deal marks a continued cooperation with Wilson Parking New Zealand, which already has Smart Parking technology installed in 1,134 bays across four sites in FY17.

Within the next twelve months Wilson Parking New Zealand expects to roll out up to nine new sites which will encompass over 3,000 parking bays. As preferred supplier, Smart Parking will provide its state-of-the-art parking technology at these locations.

Smart Parking’s sensors enable facilities to have access to real-time vehicle and parking space data. The bay-finding system identifies available spaces and then guides customers to them using clear digital signage and LED lighting. In conjunction, these technologies improve parking management, traffic flow, and overall customer experience.

CEO Commentary

Smart Parking CEO Paul Gillespie: “We are proud to announce that we are now the preferred supplier of sensor and bay-finding technology for Wilson Parking New Zealand. The continued uptake of our systems in the region further cements our position as a world leader in the design, development and management of parking technology”.

Ends.

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----- Start of picture text ----- Auckland Smart Parking Limited ABN 45 119 327 169 BirminghamNew Zealand 854 Lorimer Street, Port Melbourne VIC 3207 Australia United KingdomPhone: +61 (03) 8644 4021----- End of picture text -----

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Contact Smart Parking

Smart Parking

Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com

Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com

Media & Investor Enquiries

Julia Maguire T: +61 419 815 386 investor@smartparking.com

www.smartparking.com

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Smart Parking Limited (ASX:SPZ) | A Global Parking Business

Smart Parking is leading the way in the delivery of proven, fully integrated end-to-end information technology that results in a transformation of the complete parking experience. This is based upon the ongoing exclusive innovations being progressively delivered and the extensive experience which it has developed. With over 55,000 vehicle detection sensors installed in 16 countries, in some of the industry’s greatest deployments Smart Parking has achieved the position of holding the largest market share of the global intelligent parking sensor and integrated smart parking services market. To learn more please visit: www.smartparking.com

Wilson Parking New Zealand

Wilson Parking New Zealand is a parking company that has been serving New Zealanders for approximately thirty years. It is part of the Wilson Group, which also operates security, storage, health solutions and parking management in Australia, Korea, Malaysia, Singapore and Hong Kong. To learn more please visit: www.wilsonparking.co.nz

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----- Start of picture text ----- Auckland Smart Parking Limited ABN 45 119 327 169 BirminghamNew Zealand 854 Lorimer Street, Port Melbourne VIC 3207 Australia United KingdomPhone: +61 (03) 8644 4021----- End of picture text -----