Capital Change Notice

CAPITAL CHANGE NOTICE

Section 1: Issuer information
Name of issuer Serko Limited
NZX ticker code SKO
Class of financial product Ordinary shares in Serko
ISIN (If unknown, check on NZX website) NZSKOE0001S7
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 25,000 ordinary shares issued upon
exercise of 25,000 options
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $2.97
Nature of the payment (for example, cash or other consideration) Not applicable
Amount paid up (if not in full) Fully paid
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)
1

0.027%
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)
Not applicable
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be identified here)
Exercise of options under the Serko
Limited (US) 2018 Share Incentive Plan
and issue of 25,000 ordinary shares.
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.
92,086,422
In the case of an acquisition of shares, whether those shares are to be held as
treasury stock
Not applicable
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 dated 6 July 2018
for issue under NZX Listing Rule 4.6.
Terms or details of the issue, acquisition, or redemption (for example: restrictions,
escrow arrangements)
The new shares will rank equally with all
other fully paid ordinary shares on issue.
Date of issue/acquisition/redemption
2
25 November 2019


1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

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

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
Contact phone number +64 21388009
Contact email address Investor.relations@serko.com
Date of release through MAP 25 November 2019