Capital Change Notice – Share Purchase Plan

Capital Change Notice
Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer EROAD Limited
NZX ticker code ERD
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZERDE0001S5
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 2,820,489 shares issued
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $3.90
Nature of the payment (for example, cash or other
consideration)
Cash
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)
3.444%
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)
Issue of ordinary shares under
a share purchase plan
announced on NZX on
17 September 2020,
authorised by Board resolution
dated 16 September 2020.
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.
81,891,340
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
Board resolution dated 16
September 2020. The share
purchase plan is made
pursuant to NZX Listing Rule
4.3.1(c) (as modified by a class
waiver granted by NZX
Regulation on 19 March 2020).
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Issue of ordinary shares which
rank equally with all other fully

paid ordinary shares in
EROAD Limited.
Date of issue/acquisition/redemption 9 October 2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Mark Heine
Contact person for this announcement Mark Heine
Contact phone number +64 27 973 2106
Contact email address mark.heine@eroad.com
Date of release through MAP

9 October 2020