Notification of Issue of Securities (Options) – Amended

10 August 2018


NOTICE PURSUANT TO NZSX LISTING RULE 7.12.1 - AMENDED
AMENDMENT TO NOTICE FILED ON 6 JULY 2018


For the purposes of rule 7.12.1 of the NZX Main Board Listing Rules ("Listing Rules"), Serko Limited
("Serko") advises that the following securities have been issued:

Class of Security:

Options to subscribe for Ordinary Shares in Serko (“Options”)
ISIN: NZSKOE0001S7

Number of securities issued: 199,263 Options

Nominal value:

N/A.
Issue price: The Options have an exercise price of $2.97 per Option, being
the closing market price of an Ordinary Share on the NZX
Main Board on 5 July 2018.

Payment in Cash:

N/A.

Amount paid up: N/A.

The principal terms of the securities: The Options will generally vest (meaning they are able to be
exercised) two-years after they are granted, subject to
continued employment. The Options have an exercise price of
$2.97 per Option and a final exercise date of 5 years from the
grant date.

Percentage total of class of securities:

The Company has 74,894,342 Ordinary Shares on issue. It
has granted in total 199,263 Options. If 100% of the Options
were to vest and be exercised on the date of this notice of
allotment, it would represent approximately 0.266% (to 3dp) of
the Ordinary Shares on issue.

Reason for issue:

Grant of Options pursuant to the Serko Limited (US) 2018
Share Incentive Plan as part of the remuneration package of
certain key employees residing in the United States.

Specific authority for issue: Directors’ resolution

Any terms or details of the issue:

The Options issued in accordance with the terms set out in the
Serko Limited (US) 2018 Share Incentive Plan and Option
Agreement. Other terms are detailed above.

Total number of securities of the class
in existence after issue:


199,263 unlisted Options (convertible into Ordinary Shares on
a 1:1 basis) outstanding.

There are also 74,894,342 Ordinary Shares on issue

Treasury stock: N/A

Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand
PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, company.secretary@serko.com
Incorporated in New Zealand ARBN 611 613 980


Date of issue: 6 July 2018 (grant date)




Susan Putt
Chief Financial Officer