SPH Notice – Steven Newman and NMC Trustees Ltd

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Disclosure of change in nature of relevant interest
Section 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To ASX Limited
and
To EROAD Limited
Relevant event being disclosed: Change in the nature of a relevant interest
Date of relevant event: 4 July 2021
Date this disclosure made: 5 July 2021
Date last disclosure made: 23 September 2020
Substantial product holder(s) giving disclosure
Full name(s): Steven Newman and NMC Trustees Limited as trustee of the NMC
Investment Trust
Summary of substantial holding
Class of quoted voting products: Ordinary shares in EROAD Limited (NZX code: ERD)
(“EROAD”)
Summary for Steven Newman
For this disclosure,—
(a) total number held in class: 13,067,936
(b) total in class: 81,896,340
(c) total percentage held in class: 15.957%
For last disclosure,—
(a) total number held in class: 13,067,936
(b) total in class: 79,070,851
(c) total percentage held in class: 16.527%
Summary for NMC Trustees Limited as trustee of the NMC Investment Trust
For this disclosure,—
(a) total number held in class: 12,941,513
(b) total in class: 81,896,340
(c) total percentage held in class: 15.802%

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For last disclosure,—
(a) total number held in class: 12,941,513
(b) total in class: 79,070,851
(c) total percentage held in class: 16.367%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On 4 July 2021, the Board
of EROAD Limited approved the vesting to Steven Newman of 93,996 shares held on trust
by EROAD LTI Trustee Limited pursuant to EROAD’s Long Term Incentive Plan. Legal title
to the shares was transferred to Steven Newman by EROAD LTI Trustee Limited by an off-
market transfer on 5 July 2021 for nil consideration. The remaining 23,327 shares held on
trust by EROAD LTI Trustee Limited in which Steven Newman holds a beneficial interest in
are forfeited under the terms of the plan.
Details after relevant event
Details for Steven Newman
Nature of relevant interest(s): Registered holder and beneficial owner
For that relevant interest,—
(a) number held in class: 93,996
(b) percentage held in class: 0.115%
(c) current registered holder(s): Steven Newman
(d) registered holder(s) once transfers are registered: Not applicable
Nature of relevant interest(s): Steven Newman is the holder of 20% or more of the shares
in NMC Trustees Limited and has the power to control dealings and voting of shares held
by NMC Trustees Limited as trustee of the NMC Investment Trust.
For that relevant interest,—
(a) number held in class: 12,941,513
(b) percentage held in class: 15.802%
(c) current registered holder(s): NMC Trustees Limited
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): Steven Newman has the power to control the acquisition or
disposal of, and has the power to exercise or to control the exercise of, a right to vote the
shares held by Alexandra Ashley Newman, his daughter.
For that relevant interest,—
(a) number held in class: 5,700

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(b) percentage held in class: 0.007%
(c) current registered holder(s): Alexandra Ashley Newman
(d) registered holder(s) once transfers are registered: N/A.
Nature of relevant interest(s): Steven Newman has the power to control the acquisition or
disposal of, and has the power to exercise or to control the exercise of, a right to vote the
shares held by Henry James Newman, his son.
For that relevant interest,—
(a) number held in class: 3,400
(b) percentage held in class: 0.004%
(c) current registered holder(s): Henry James Newman
(d) registered holder(s) once transfers are registered: N/A.
Details for NMC Trustees Limited as trustee of the NMC Investment Trust
Nature of relevant interest(s): NMC Trustees Limited is the registered holder of shares in
EROAD.
For that relevant interest,—
(a) number held in class: 12,941,513
(b) percentage held in class: 15.802%
(c) current registered holder(s): NMC Trustees Limited
(d) registered holder(s) once transfers are registered: N/A.
Additional information
Address(es) of substantial product holder(s):
91 Taylor Road, Waimauku, 0882, Auckland, New Zealand
Contact details:
Steven Newman
Phone+64 9 927 4713
Email: steven.newman@eroad.co.nz
Nature of connection between substantial product holders: Steven Newman is the holder of
20% or more of the shares in NMC Trustees Limited and has the power to control dealings
and voting of shares held by NMC Trustees Limited as trustee of the NMC Investment
Trust.

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Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Steven Newman is also a director of EROAD. This disclosure also constitutes disclosure for
the purposes of the directors’ and senior managers’ disclosure obligations.
Certification
I, Steven Newman, 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.