Substantial Product Holder Notice

1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Gentrack Group Limited
Relevant event being disclosed: Change in relevant interests
Date of relevant event: 20 October 2022
Date this disclosure made: 21 October 2022
Date last disclosure made: 27 June 2022
Substantial product holder(s) givi ng disclosure
Full name(s): NAOS Asset Management Limited ACN 107 624 126 (which by reference also
includes Sebastian Evans as a substantial holder in his personal capacity as he owns more
than 20% of the voting shares in the company) (‘NAOS’), NAOS Small Cap
Opportunities Company Limited ACN 107 617 381 (‘NSC’), NAOS Ex-50 Opportunities
Company Limited ACN 169 448 837 (‘NAC') and NAOS Emerging Opportunities Company
Limited ACN 161 106 510 ('NCC') (each, a ‘NAOS Substantial Holder’).
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for NAOS Substantial Holders
For this disclosure,—
(a)total number held in class: 7,871,057
(b)total in class: 100,965,186
(c)total percentage held in class: 7.80%
For last disclosure,—
(a)total number held in class: 9,519,126
(b)total in class: 100,479,761
(c)total percentage held in class: 9.47%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On-market sale of
1,648,069 Ordinary Shares in GTK for total consideration of $2,165,135.80 AUD

2
Details after r elevant event
Nature of relevant interest(s): National Nominees Limited is the registered holder of the
Ordinary Shares in its capacity as custodian of each of NSC, NAC and NCC. NAOS is the
investment manager for each of NSC, NAC and NCC. NAOS, NSC, NAC and NCC each
have a relevant interest in the Ordinary Shares as each has the power to exercise or
control the exercise of the right to vote and to dispose of the Ordinary Shares.
For that relevant interest,—
(a)number held in class: 7,871,057
(b)percentage held in class: 7.80% (NSC: 3.28%, NAC: 4.48%. NCC: 0.03%)
(c)current registered holder(s): National Nominees Limited
(d)registered holder(s) once transfers are registered: N/A
For a deriva
tive relevant interest, also—
(a)type of derivative: N/A
(b)details of derivative: N/A
(c)parties to the derivative: N/A
(d)if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): Level 34, 25 Martin Place, Sydney, New
South Wales, 2000, Australia
Contact details: Sebastian Evans, (61 2) 9002 1576, sevans@naos.com.au
Nature of connection between substantial product holders: NAOS is the investment
manager for each of NSC, NAC and NCC.
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
Certification
I, Sebastian Evans, 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.