Ongoing Disclosure Notice – Michael Bushby

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:
5 February 2020
Date of last disclosure:
3 February 2020
Director or senior manager giving disclosure
Full name(s):
Michael Bruce Bushby
Name of listed issuer:
EROAD Limited
Name of related body corporate (if applicable):
Not applicable
Position held in listed issuer:
Independent 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:
7,963
Number held in class after acquisition or disposal:
0
Current registered holder(s):
Michael Bruce Bushby
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:4 February 20205 February 2020
Nature of transaction:
On market sale of 5,472
EROAD ordinary shares
On market sale of 2,491
EROAD ordinary shares
Name of any other party or parties to the transaction (if known):UnknownUnknown
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
$17,236.80$7,846.65
Number of financial products to which the transaction related: 5,4722,491
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—
Whether relevant interests were acquired or disposed of during a closed 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):
24-Jan-20
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Ordinary shares in
EROAD Limited (ERD)
Nature of relevant interest:
Michael Bushby is a
director of Lowelly Pty
Limited and accordingly
has the power to control
dealings and voting of
shares held by Lowelly
Pty Limited as trustee for
the Lowelly
Superannuation Fund.
Michael Bushby is also a
beneficiary of the Lowelly
Superannuation Fund.
For that relevant interest,-
Number held in class:137,671
Current registered holder(s):Lowelly Pty Limited
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:
5 February 2020
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person: