EROAD Share Purchase Plan oversubscription confirmed

TEL +64 9 927 4700 PO Box 305 394
FAX +64 9 927 4701 Triton Plaza, North Shore 0757 Page 1
FREE 0800 4 EROAD Auckland, New Zealand eroad.co.nz




EROAD Share Purchase Plan oversubscription confirmed

Auckland 28 February 2018: Further to its earlier announcement, EROAD Limited (EROAD) is
pleased to confirm the final subscriptions received for its $6 million Share Purchase Plan (SPP).
EROAD received applications totalling approximately $11.4 million, exceeding the offer size by
90.78% or approximately $5.4 million.
Allotment of the SPP shares is expected to occur on 6 March 2018 at $3.04 per SPP share, with
refunds paid to shareholders by either direct credit or by cheque within 5 business days of the
allotment date. No interest will be paid on any application monies returned to shareholders.
- Ends -
For further information contact:
Michael Bushby
Chairperson
Michael.Bushby@eroad.com
+64 9 927 4700

About EROAD
EROAD modernises road charging and tax compliance and health and safety compliance for road
transport by replacing paper-based systems with easy-to-use electronic systems that also improve
fleet management. The company is headquartered in Auckland, New Zealand, and listed on the
New Zealand Exchange (NZX). Its US business is based in Portland, Oregon, serving customers with
vehicles operating in every US mainland state, growing outward in concentration from the
Northwest. In 2009 EROAD introduced the world
’s first nationwide electronic road user charging
(eRUC) system in New Zealand. Currently half of all heavy transport RUC is collected electronically,
representing a rapid transition to e-commerce on a voluntary, industry-led basis, due to the cost
savings and benefits to customers. EROAD is also a leading provider of health and safety
compliance services, including vehicle management and driver behaviour and performance
measures.
For more information please visit www.eroad.com.
For a detailed description of EROAD’s business, and terms including Total Contracted Units, Future
Contracted Income and Retention Rate, which are non GAAP measures used by EROAD to manage
the business, please refer to the Appendix of the November 2017 Half Year Presentation.