Ongoing Disclosure Notice

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
EROAD Limited
Date this disclosure made:
25-Mar-19
Date of last disclosure:
13-Mar-18
Director or senior manager giving disclosure
Full name(s):
Graham Stuart
Name of listed issuer:
EROAD Limited
Name of related body corporate (if applicable):
Not applicable
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary Shares in EROAD Limited (ERD)
Nature of the affected relevant interest(s):Registered holder and beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:20,000
Number held in class after acquisition or disposal:40,000
Current registered holder(s):
Graham Robert Stuart & Nicola Roberta
Stuart
Registered holder(s) once transfers are registered:
Not applicable
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
Not applicable
Class of underlying financial products:
Not applicable
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:
Not applicable
Maturity date of the derivative (if any):
Not applicable
Expiry date of the derivative(if any):
Not applicable
The price specified in the terms of the derivative (if any):
Not applicable
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by the
value of the underlying financial products:
Not applicable
For that derivative,-
Parties to the derivative:
Not applicable
If the director or senior manager is not a party to the derivative, the nature of
the relevant interest in the derivative:
Not applicable
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 2
Details of transactions requiring disclosure-
Date of transaction:19 March 201920 March 2019
Nature of transaction:
On market acquisition of 19,604 EROAD
ordinary shares
On market acquisition of 396
EROAD ordinary shares
Name of any other party or parties to the transaction (if known):UnknownUnknown

acquisition or disposal. If the consideration was not in cash and cannot be
$52,728.88$1,073.16
Number of financial products to which the transaction related: 19604396
If the issuer has a financial products trading policy that prohibits directors or
senior managers from trading during any period without written clearance (a
closed period) include the following details—

period:
Yes
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period:
Yes
Date of the prior written clearance (if any):
4-Mar-19

Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:Not applicable
Nature of relevant interest:
Not applicable
For that relevant interest,-
Number held in class:Not applicable
Current registered holder(s):Not applicable
For a derivative relevant interest,-
Type of derivative:Not applicable
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:
Not applicable
Maturity date of the derivative (if any):
Not applicable
Expiry date of the derivative (if any):
Not applicable
The price's specified terms (if any):
Not applicable
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by the
value of the underlying financial products:
Not applicable
For that derivative relevant interest,-
Not applicable
Parties to the derivative:
Not applicable
If the director or senior manager is not a party to the derivative, the nature of
the relevant interest in the derivative:
Not applicable
Certification
I 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.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
25-Mar-19
Name and title of authorised person:Mark Heine; EVP, General Counsel