EROAD’s Annual and Special Shareholders’ Meeting Results

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Market Release
Results of EROAD Limited 2021 Annual Shareholders’ Meeting and
Special Shareholders’ Meeting
30 July 2021
EROAD Limited (NZX/ASX: ERD) is pleased to announce that all of the resolutions put to its Annual
Shareholders’ Meeting and Special Shareholders’ Meeting held in Auckland today were passed.
The six resolutions were:
Annual Shareholders Meeting
1. To re-elect Graham Stuart as a Director
2. To increase the Non-Executive Director Remuneration Pool from $500,000 to $850,000
3. To authorise the Directors to fix the fees and expenses of EROAD’s auditor

Special Shareholders Meeting
1. To approve the acquisition of Coretex Limited
2. To approve the issue of 16,000,000 EROAD Limited shares to Coretex Limited shareholders’
3. To approve the issue of $80.5m of EROAD Limited shares in connection with the placement and
share purchase plan
All of the resolutions were passed by poll with the voting results as follows.

Annual Shareholders Meeting
Resolution 1: To re-elect Graham Stuart as a Director
For: 46,963,823 (90.6%)
Against: 4,874,224 (9.4%)
Abstain: 1,168

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Resolution 2: To increase the Non-Executive Director Remuneration Pool from $500,000 to $850,000
For: 44,777,715 (87.84%)
Against: 6,200,892 (12.16%)
Abstain: 860,608

Resolution 3: To authorise the Directors to fix the fees and expenses of EROAD’s auditor.
For: 47,179,698 (91.09%)
Against: 4,614,107 (8.91%)
Abstain: 45,410

Special Shareholders’ Meeting

Resolution 1: To approve the acquisition of Coretex Limited
For: 49,539,620 (100%)
Against: 0 (0%)
Abstain: 0

Resolution 2: To approve the issue of 16,000,000 EROAD Limited shares to Coretex Limited
shareholders’
For: 49,529,874 (99.99%)
Against: 4,246 (0.01%)
Abstain: 5,500

Resolution 3: To approve the issue of $80.5m of EROAD Limited shares in connection with the
placement and share purchase plan
For: 11,353,510 (100%)
Against: 0 (0%)
Abstain: 38,186,110

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FAX +64 9 927 4701 Triton Plaza, North Shore 0757 Page 3
FREE 0800 4 EROAD Auckland, New Zealand eroad.co.nz
23,521,999 votes cast in favour of Resolution 3 were found to be ineligible to participate on the basis of
the shareholders’ participation in the placement. These votes were reclassified to “abstain”.

A copy of the webcast, transcript, and the attached presentation deck will be available through the
investor section of EROAD’s website.
Contact:
Mark Heine, General Counsel and Company Secretary
investors@eroad.com

About EROAD
EROAD Limited (ASX: ERD; NZX: ERD) (“EROAD”) purpose is safer and more sustainable roads. EROAD
develops and markets technology solutions to manage vehicle fleets, support regulatory compliance,
improve driver safety and reduce the costs associated with operating a fleet of vehicles and inventory of
assets. EROAD has a proven SaaS business model and is experiencing continuing growth in installed units
and revenue. EROAD has operations in New Zealand, North America and Australia with customers ranging
in size from small fleets through to large enterprise customers. For more information visit
https://www.eroadglobal.com/investor