Notification of Issue of Securities

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 Limited – FY2018 CEO Award Allotment of Shares
For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares
have been issued on 4 July 2018:

(a) Class of Security
ISIN:
Ordinary shares
NZERDE0001S5


(b) Number issued: 54,000

(c) Nominal value:

Issue price:
Not applicable

$3.5531 per share calculated
as the volume weighted
average price of EROAD
Limited’s ordinary shares
quoted on the NZX Main Board
for the five trading day period
prior to the date on which the
shares are issued

(d) Payment terms: Cash

(e) Any amount paid up: Fully paid

(f) Principal terms of the Securities: The shares rank pari passu
with existing ordinary shares

(g) Percentage of the total Class of Securities issued: 0.079%

(h) Reason for the issue: Issue of 54,000 ordinary
shares under EROAD Limited’s
FY2018 CEO Award Allotment
of Shares

(i) Specific authority for the issue: Directors’ resolution dated
4 July 2018

(j) Terms or details of the issue: Not applicable

(k) Total number of Securities of the Class in existence after
the issue:
68,143,931

(l) Treasury Stock: Not applicable

(m) Date of issue: 4 July 2018

TEL +64 9 927 4700 PO Box 305 394
FAX +64 9 927 4701 Triton Plaza, North Shore 0757 Page 2
FREE 0800 4 EROAD Auckland, New Zealand eroad.co.nz
ENDS
Contact: Steven Newman, Chief Executive Officer on +64 9 9274713. For more information about
EROAD visit our website www.eroad.com