XERO LIMITED — Director's Dealing 2013

Jul 2, 2013

Initial Disclosure Notice

Section 19T(1), Securities Markets Act 1988

A	Details of director or officer
	Name of director or officer of public issuer:	Duncan Ritchie
	Name of public issuer:	Xero Limited
	Name of related body corporate (if applicable):
	Position held in public issuer:	Chief Platform Officer

Securities in public issuer or any related body corporate in which director or officer B has relevant interest

Number, class, and type of securities: 21,514 ordinary shares

• $\mathbf{C}$ Nature of relevant interest and name of registered holder Nature of relevant interest in securities: Legal owner of 8,757 ordinary shares; beneficial ownership of 12,757 ordinary shares through the Xero Restricted Share Plan. Name of registered holder of securities: Duncan Ritchie
• D Date on which obligation to make this disclosure arose: 1 July 2013

E. Signature

Signature of director or officer:

Date of signature: 3 July 2013