Notification of Issue of Options

30 July 2019

Notification of Issue of Options

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of options under the Serko
Limited (US) 2018 Share Incentive Plan.

Section 1: Issuer information
Name of issuer Serko Limited (“Serko”)
NZX ticker code SKO
Class of financial product Options to subscribe for Ordinary Shares in
Serko (“Options”)
ISIN NZSKOE0001S7
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 36,563 Options
Nominal value (if any) N/A
Issue/acquisition/redemption price per security
The Options have an exercise price of NZ$3.95
per Option, being the closing market price of
an Ordinary Share on the NZX Main Board on
22 July 2019.
Nature of the payment (for example, cash or other
consideration)
N/A
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class, excluding
any Treasury Stock, in existence)
The Company has 80,922,809 Ordinary Shares
on issue. It has granted in total 323,464
Options. If 100% of the Options were to vest
and be exercised on the date of this notice of
allotment, it would represent approximately
0.400% (to 3dp) of the Ordinary Shares on
issue.
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
and the ranking of the Financial Product in relation to
other Classes of Financial Product) or the Option (for
example, the exercise price and exercise date)
The Options have an exercise price of NZ$3.95
per Ordinary Share, expiring 30 October 2024.
The Options will vest (meaning they are able to
be exercised) in four tranches commencing
one-year after they are granted, subject to
continued employment.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the
reason for change must be identified here)
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.

Total number of Financial Products of the Class after
the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock
after the issue/acquisition/redemption.
323,464 unlisted Options (convertible into
Ordinary Shares on a 1:1 basis) outstanding.

There are also 80,922,809 Ordinary Shares on
issue
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Directors’ resolution
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
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.
Date of issue/acquisition/redemption 30 July 2019 (Grant Date)
Section 3: Authority for this announcement and contact person
Name of person authorised to make this
announcement
Susan Putt
Contact person for this announcement Susan Putt, Chief Financial Officer
Contact phone number
+64 9 309 4754 or +64 21 388 009

Contact email address
investor.relations@serko.com

Date of release through MAP 30 July 2019