Capital Change Notice for 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 Fully paid ordinary shares
ISIN (If unknown, check on NZX website) NZERDE0001S5
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 3,584,228
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security A$5.30 / NZ$5.58
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Not applicable
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)
3.69%
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 14 July 2021,
authorised by shareholder
resolution on 30 July 2021.
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.
97,021,787
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
The share purchase plan is
made pursuant to NZX Listing
Rule 4.1.1 and has received
approval by shareholder
resolution dated 30 July 2021.
EROAD accepted
oversubscriptions of NZ$3.9
million as announced on 6
August 2021 and will place
those additional shares under
NZX Listing Rule 4.5.1.

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 13/08/2021
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

13/08/2021