SPH Notice – First NZ Capital Group Limited

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To EROAD Limited (ERD)
Date this disclosure made: 06 June 2018
Date last disclosure made: 21 May 2018
Date on which substantial holding ceased: 05 June 2018
Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited
Summary of previous substantial holding
Class of quoted voting products: EROAD Limited (ERD) Ordinary Shares
Summary for Harbour Asset Management Limited & First NZ Capital Securities Limited
For last disclosure,—
(a) total number held in class: 3,420,110
(b) total in class: 68,089,931
(c) total percentage held in class: 5.023%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 3,288,132
(b) total in class: 68,089,931
(c) total percentage held in class: 4.829%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
On 21 May 2018, Harbour Asset Management Limited (First NZ Capital Group Limited) had
disclosed an interest in 3,001,648 (4.408%) ERD ordinary shares. Since the last disclosure,
as a result of normal on market trading activity, Harbour Asset Management Limited has
sold 83,516 ERD ordinary shares for a total consideration of $296,481.80 leaving 2,918,132
(4.286%) ERD ordinary shares at 5 June 2018.
On 21 May 2018, First NZ Capital Securities Limited had disclosed an interest in 418,462
(0.615%) ERD ordinary shares. Since the last disclosure, as a result of normal on market

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trading activity, First NZ Capital Securities Limited has purchased 138,335 ERD ordinary
shares for a total consideration of $490,795.00 and sold 186,797 ERD ordinary shares for a
total consideration of $658,146.51, leaving an interest in 370,000 (0.543%) ERD ordinary
shares as at 5 June 2018.
Additional information
Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington
Contact details: Kate Livingston +64 9 307 5747, kate.livingston@fnzc.co.nz
Nature of connection between substantial product holders: First NZ Capital Group Limited,
First NZ Capital Securities Limited and Harbour Asset Management Limited are related
bodies corporate.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products
to which this disclosure relates: None
Certification
I, Kate Livingston, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.