SMART PARKING LIMITED — Director's Dealing 2012

Feb 2, 2012

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Mauro Piccini ASX Advisor – Listings (Perth)

By Email

3 February 2012

Dear Mauro

I refer to your letter dated 2 February 2012 concerning late lodgement of the Appendix 3Y’s for Ms Penelope Maclagan, Mr Paul Collins, Ms Tiffany Fuller and Mr Chris Morris.

The World’s Smartest Parking Tools

Head Office 2 Oliver Street PO Box 939 Cambridge 3450 New Zealand Tel: +64 7823 2090 Fax: +64 7823 2094

www.carparkingtechnologies.com

info@carparkingtechnologies.com

The Company regrets the late lodgement of the Appendices 3Y and apologises for any unintended consequences that may have resulted from this situation. The Company’s policy is to always ensure compliance with all ASX and statutory requirements.

ASX: CPZ

With reference to the specific questions raised in your letter I advise as follows;

1. Please explain why the Appendices 3Y were lodged late?

The Company acknowledges that the Appendices 3Y were lodged late and that this was a result of an administrative oversight.

2. What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?

The Directors have been made aware of their disclosure obligations under listing rule 3.19A and the Company has a policy that Directors advise the Company of any change in their interests as they occur.

3. If the current arrangements are inadequate or not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rile 3.19B?

In this instance the change of interest was not reported due to an administrative oversight. The Company has reiterated to all Directors of the policy that all holding changes by Directors are advised in accordance with listing rule 3.19B.

Yours faithfully,

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Jeremy King, Company Secretary, Car Parking Technologies Limited

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ASX Compliance Pty Limited ABN 26 087 780 489 Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

GPO Box D187 PERTH WA 6840

Telephone 61 8 9224 0000 Facsimile 61 8 9221 2020 www.asx.com.au

2 February 2012

Mr Jeremy King Company Secretary Car Parking Technologies Limited 945 Wellington Street WEST PERTH WA 6005

By email: jpk@grangeconsulting.com.au

Dear Jeremy,

Car Parking Technologies Limited (the “Company”) Appendix 3Y – Director’s Interest Notice.

We refer to the following;

1. The Appendices 3Y lodged by the Company with ASX Limited (“ASX”) on 2 February 2012 for Ms Penelope Maclagan, Mr Paul Collins, Ms Tiffany Fuller and Mr Chris Morris.

2. Listing rule 3.19A which requires an entity to tell ASX the following:

   • 3.19A.1 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the following times.

     • On the date that the entity is admitted to the official list.

     • On the date that a director is appointed.

     • The entity must complete Appendix 3X and give it to ASX no more than 5 business days after the entity’s admission or a director’s appointment.

   • 3.19A.2 A change to a notifiable interest of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust). The entity must complete Appendix 3Y and give it to ASX no more than 5 business days after the change occurs.

   • 3.19A.3 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the date that the director ceases to be a director. The entity must complete Appendix 3Z and give it to ASX no more than 5 business days after the director ceases to be a director.

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1. Listing rule 3.19B which states as follows.

An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.

1. The Companies Update dated 27 June 2008, reminding listed entities of their obligation to notify ASX within 5 business days of the notifiable interests in securities held by each director and outlining the action that ASX would take in relation to breaches of listings rules 3.19A and 3.19B.

As the Appendices 3Y indicated that changes in the directors’ relevant interests occurred on 28 December 2011, it appears that the Appendices 3Y should have been lodged with the ASX by 5 January 2012. As the Appendices 3Y were lodged on 2 February 2012, it appears that the Company may be in breach of listing rules 3.19A and/or 3.19B.

Please note that ASX is required to record details of breaches of the listing rules by listed companies for its reporting requirements.

ASX reminds the Company of its contract with ASX to comply with the listing rules. In the circumstances ASX considers that it is appropriate that the Company make necessary arrangements to ensure there is not a reoccurrence of a breach of the listing rules.

Having regard to listing rules 3.19A and 3.19B and Guidance Note 22: “Director Disclosure of Interests and Transactions in Securities - Obligations of Listed Entities”, we ask that you answer each of the following questions:

1. Please explain why the Appendices 3Y were lodged late.

2. What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?

• 3 If the current arrangements are inadequate or not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

Your response should be sent to me by e-mail to mauro.piccini@asx.com.au or facsimile on facsimile number (08) 9221 2020. It should not be sent to the Company Announcements Office.

A response is requested as soon as possible (i.e. before 4.00pm W.S.T.) on Monday, 6 February 2012 .

Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a form suitable for release and should separately address each of the questions asked. If you have any queries or concerns, please contact me immediately

Yours sincerely,

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Mauro Piccini Adviser, Listings (Perth)

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