Capital Change Notice

Capital Change Notice

Updated as at June 2023



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 41,742,072 shares, being:
• 16,571,429 shares issued
under the Institutional
Placement announced on 7
September 2023.
• 25,170,643 shares issued
under the Institutional Offer
and Institutional Bookbuild
announced on 7 September
2023.
Nominal value (if any) Not applicable.
Issue price per security $0.70 per share
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
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
36.894%
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 and specific authority for issue (the
reason for change must be identified here)
Allotment under Institutional Offer,
Institutional Bookbuild and
Institutional Placement conducted
by EROAD Limited announced on
7 September 2023, authorised by
Board resolution dated 6
September 2023.
Total number of Financial Products of the Class after the
issue (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock
after the issue.
154,881,618
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 including a reference to the
rule pursuant to which the issue is made
Directors’ resolution dated 6
September 2023. The shares are
being issued under rules 4.3.1(a),
4.4.1(a) and 4.5.1 of the NZX
Listing Rules.
Terms or details of the issue (for example: restrictions,
escrow arrangements)
New ordinary shares which rank
equally with all other fully paid
ordinary shares.
Date of issue 18/09/2023
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Ksenija Chobanovich
Contact person for this announcement Ksenija Chobanovich
Contact phone number 0272032555
Contact email address Ksenija.Chobanovich@eroad.com
Date of release through MAP 18/09/2023