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XERO LIMITED Capital/Financing Update 2021

Mar 31, 2021

66106_rns_2021-03-31_585d2762-3746-4519-b1d0-b63d1ba2a03c.pdf

Capital/Financing Update

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MARKET RELEASE

Completion of Planday and Tickstar acquisitions

WELLINGTON, 1 April 2021 - Xero Limited (ASX: XRO) confirms that the acquisitions of Planday and Tickstar, both announced by Xero in March 2021, have completed today following the satisfaction of all closing conditions.

Planday is a workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs.

Tickstar is a technology business that allows organisations such as Xero and its customers to connect to a global e-invoicing network.

Authorised for release to ASX by the Disclosure Committee.

Contact

Toby Langley - Investor Relations Mobile: +61 450 223 995 [email protected]

Kate McLaughlin - Communications Mobile: +64 27 533 4529 [email protected]

About Xero

Xero is a cloud-based accounting so�ware platform for small businesses with 2.45 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 800 third-party apps and 200 plus connections to banks and other financial partners. In 2020 and 2021, Xero was included in the Bloomberg Gender-Equality Index and in 2020, Xero was recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.

Xero Limited (XRO)

Registered Address

www.xero.com

19-23 Taranaki St Te Aro Wellington 6011

NZ Company no. 1830488 ARBN 160 661 183

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