SPH Notice – UBS Group AG and its related bodies corporate

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013

To: NZX Limited
and
To: EROAD Limited
Date this disclosure made: 04 October 2023
Date on which substantial holding began: 02 October 2023

Substantial product holder(s) giving disclosure
Full name(s): UBS Group AG and its related bodies corporate

Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for: UBS Group AG and its related bodies corporate
For this disclosure,—
(a) total number held in class: 10,025,031
(b) total in class: 184,631,174
(c) total percentage held in class: 5.43%

Details for: UBS Asset Management (Australia) Ltd
Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares
For that relevant interest,—
(a) number held in class: 1,018,264
(b) percentage held in class: 0.55%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Asset Management (Australia) Ltd
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS Securities Australia Ltd
London Branch Nature of relevant interest(s): Beneficial Owner
For that relevant interest,—
(a) number held in class: 3,579
(b) percentage held in class: 0.002%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Securities Australia Ltd
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS AG Australia Branch
Nature of relevant interest(s): Prime Broker that has the right to exercise its borrowing right in respect of
shares pursuant to a Prime Broking Agreement
For that relevant interest,—
(a) number held in class: 7,083,075
(b) percentage held in class: 3.84%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG Australia Branch
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS AG London Branch
Nature of relevant interest(s): Prime Broker that has the right to exercise its borrowing right in respect of
shares pursuant to a Prime Broking Agreement
For that relevant interest,—
(a) number held in class: 1,920,113
(b) percentage held in class: 1.04%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG London Branch
For a derivative relevant interest, also—

(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable


Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Please see Appendix A.

Additional information
Address(es) of substantial product holder(s)
Name Addresses
UBS Asset Management
(Australia) Ltd
Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG Australia Branch Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG London Branch 5 Broadgate, London, United Kingdom

Contact details: Florian Naef
Tel: +852 3712 4687
Email: mailto:florian-p.naef@ubs.com


Nature of connection between substantial product holders:
UBS Asset Management (Australia) Ltd: Related body corporate
UBS Securities Australia Ltd: Related body corporate
UBS AG Australia Branch: Related body corporate
UBS AG London Branch: Related body corporate

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: Not
applicable

Certification
We, certify that, to the best of our knowledge and belief, the information contained in this disclosure is correct
and that we are duly authorised to make this disclosure by all persons for whom it is made.

SIGNATURE


Print Name:


Florian Naef

Capacity:

Authorised signatory

Sign Here:



Date:

04 October 2023


Print Name:


Andrew Costly

Capacity:

Authorised signatory

Sign Here:



Date:

04 October 2023

ERD - Appendix A
Date of
change
Person whose relevant interest changed
Nature of Change
Consideration given in
relation to change
Number of securities
Class
07-Jun-23
UBS Securities Australia Ltd
Buy
165
220

Ordinary
14-Jun-23
UBS Securities Australia Ltd
Sell
45
(64)

Ordinary
20-Jun-23
UBS Securities Australia Ltd
Sell
1,089
(1,529)

Ordinary
20-Jun-23
UBS Securities Australia Ltd
Buy
1,070
1,529

Ordinary
21-Jun-23
UBS Securities Australia Ltd
Sell
2
(3)

Ordinary
21-Jun-23
UBS Securities Australia Ltd
Buy
142
207

Ordinary
22-Jun-23
UBS Securities Australia Ltd
Sell
2,508
(2,117)

Ordinary
22-Jun-23
UBS Securities Australia Ltd
Buy
5,810
5,130

Ordinary
22-Jun-23
UBS Securities Australia Ltd
Sell
472
(400)

Ordinary
22-Jun-23
UBS Securities Australia Ltd
Buy
1,188
1,050

Ordinary
22-Jun-23
UBS Securities Australia Ltd
Sell
768
(678)

Ordinary
23-Jun-23
UBS Securities Australia Ltd
Sell
3,150
(2,776)

Ordinary
23-Jun-23
UBS Securities Australia Ltd
Buy
4,551
4,016

Ordinary
23-Jun-23
UBS Securities Australia Ltd
Sell
3,670
(3,229)

Ordinary
23-Jun-23
UBS Securities Australia Ltd
Sell
316
(278)

Ordinary
23-Jun-23
UBS Securities Australia Ltd
Buy
170
150

Ordinary
26-Jun-23
UBS Securities Australia Ltd
Sell
5,366
(4,728)

Ordinary
26-Jun-23
UBS Securities Australia Ltd
Buy
68
60

Ordinary
27-Jun-23
UBS Securities Australia Ltd
Sell
2,872
(2,527)

Ordinary
27-Jun-23
UBS Securities Australia Ltd
Buy
2,860
2,520

Ordinary
27-Jun-23
UBS Securities Australia Ltd
Buy
120
106

Ordinary
27-Jun-23
UBS Securities Australia Ltd
Sell
92
(80)

Ordinary
28-Jun-23
UBS Securities Australia Ltd
Sell
1,691
(1,490)

Ordinary
28-Jun-23
UBS Securities Australia Ltd
Buy
840
740

Ordinary
28-Jun-23
UBS Securities Australia Ltd
Buy
54
Ordinary
28-Jun-23
UBS Securities Australia Ltd
Sell
8
(7)

Ordinary
29-Jun-23
UBS Securities Australia Ltd
Sell
103
(90)

Ordinary
29-Jun-23
UBS Securities Australia Ltd
Buy
99
87

Ordinary
29-Jun-23
UBS Securities Australia Ltd
Sell
69
(60)

Ordinary
29-Jun-23
UBS Securities Australia Ltd
Buy
38
33

Ordinary
30-Jun-23
UBS Securities Australia Ltd
Buy
137
120

Ordinary
30-Jun-23
UBS Securities Australia Ltd
Sell
127
(110)

Ordinary
03-Jul-23
UBS Securities Australia Ltd
Sell
269
(233)

Ordinary
03-Jul-23
UBS Securities Australia Ltd
Buy
53
46

Ordinary
04-Jul-23
UBS Securities Australia Ltd
Sell
18
(15)

Ordinary
05-Jul-23
UBS Securities Australia Ltd
Sell
430
(356)

Ordinary
05-Jul-23
UBS Securities Australia Ltd
Buy
2,683
2,236

Ordinary
05-Jul-23
UBS Securities Australia Ltd
Sell
14
(11)

Ordinary
06-Jul-23
UBS Securities Australia Ltd
Buy
305
250

Ordinary
07-Jul-23
UBS Securities Australia Ltd
Buy
2,133
1,763

Ordinary
10-Jul-23
UBS Securities Australia Ltd
Sell
7,814
(6,485)

Ordinary
12-Jul-23
UBS Securities Australia Ltd
Buy
530
424

Ordinary
13-Jul-23
UBS Securities Australia Ltd
Sell
383
(295)

Ordinary
13-Jul-23
UBS Securities Australia Ltd
Buy
26
20

Ordinary
13-Jul-23
UBS Securities Australia Ltd
Buy
13
10

Ordinary
14-Jul-23
UBS Securities Australia Ltd
Buy
352
270

Ordinary
17-Jul-23
UBS Securities Australia Ltd
Sell
348
(260)

Ordinary
17-Jul-23
UBS Securities Australia Ltd
Sell
568
(424)

Ordinary
17-Jul-23
UBS Securities Australia Ltd
Buy
745
560

Ordinary
18-Jul-23
UBS Securities Australia Ltd
Sell
185
(140)

Ordinary
19-Jul-23
UBS Securities Australia Ltd
Sell
368
(281)

Ordinary
19-Jul-23
UBS Securities Australia Ltd
Buy
368
281

Ordinary
20-Jul-23
UBS Securities Australia Ltd
Sell
143
(107)

Ordinary
24-Jul-23
UBS Securities Australia Ltd
Sell
1,427
(1,048)

Ordinary
24-Jul-23
UBS Securities Australia Ltd
Buy
9,118
6,680

Ordinary
24-Jul-23
UBS Securities Australia Ltd
Sell
2,916
(2,160)

Ordinary
24-Jul-23
UBS Securities Australia Ltd
Buy
986
725

Ordinary
25-Jul-23
UBS Securities Australia Ltd
Buy
314
240

Ordinary
27-Jul-23
UBS Securities Australia Ltd
Sell
130
(100)

Ordinary
01-Aug-23
UBS Securities Australia Ltd
Sell
155
(120)

Ordinary
02-Aug-23
UBS Securities Australia Ltd
Buy
64
50

Ordinary
07-Aug-23
UBS Securities Australia Ltd
Buy
2,465
1,882

Ordinary
09-Aug-23
UBS Securities Australia Ltd
Sell
3,728
(2,829)

Ordinary
10-Aug-23
UBS Securities Australia Ltd
Buy
192
150

Ordinary
11-Aug-23
UBS Securities Australia Ltd
Buy
333
260

Ordinary
11-Aug-23
UBS Securities Australia Ltd
Buy
256
200

Ordinary
21-Aug-23
UBS Securities Australia Ltd
Sell
3,967
(3,112)

Ordinary
21-Aug-23
UBS Securities Australia Ltd
Sell
110
(87)

Ordinary
21-Aug-23
UBS Securities Australia Ltd
Sell
280
(220)

Ordinary
21-Aug-23
UBS Securities Australia Ltd
Buy
24
20

Ordinary
22-Aug-23
UBS Securities Australia Ltd
Buy
140
110

Ordinary
24-Aug-23
UBS Securities Australia Ltd
Buy
30
24

Ordinary
28-Aug-23
UBS Securities Australia Ltd
Buy
32
Ordinary
28-Aug-23
UBS Securities Australia Ltd
Buy
38
30

Ordinary
28-Aug-23
UBS Securities Australia Ltd
Sell
9
(7)

Ordinary
29-Aug-23
UBS Securities Australia Ltd
Buy
32
Ordinary
29-Aug-23
UBS Securities Australia Ltd
Sell
1,265
(1,000)

Ordinary
29-Aug-23
UBS Securities Australia Ltd
Buy
1,338
1,110

Ordinary
29-Aug-23
UBS Securities Australia Ltd
Sell
38
(30)

Ordinary
31-Aug-23
UBS Securities Australia Ltd
Sell
1,102
(871)

Ordinary
01-Sep-23
UBS Securities Australia Ltd
Sell
4
(3)

Ordinary
04-Sep-23
UBS Securities Australia Ltd
Sell
9
(7)

Ordinary
04-Sep-23
UBS Securities Australia Ltd
Sell
65
(51)

Ordinary
04-Sep-23
UBS Securities Australia Ltd
Sell
40
(31)

Ordinary
11-Sep-23
UBS Securities Australia Ltd
Sell
2,303
(3,290)

Ordinary
11-Sep-23
UBS Securities Australia Ltd
Sell
6
(8)

Ordinary
11-Sep-23
UBS Securities Australia Ltd
Buy
3,830
5,627

Ordinary
11-Sep-23
UBS Securities Australia Ltd
Sell
203
(290)

Ordinary
11-Sep-23
UBS Asset Management
Buy
367,921
525,602

Ordinary
12-Sep-23
UBS Securities Australia Ltd
Buy
57
Ordinary
12-Sep-23
UBS Securities Australia Ltd
Sell
1,908
(2,712)

Ordinary
12-Sep-23
UBS Securities Australia Ltd
Buy
257
375

Ordinary
12-Sep-23
UBS Securities Australia Ltd
Sell
1
(1)

Ordinary
12-Sep-23
UBS Securities Australia Ltd
Buy
342
489

Ordinary
13-Sep-23
UBS Securities Australia Ltd
Sell
1
(1)

Ordinary
14-Sep-23
UBS Securities Australia Ltd
Buy
106
169

Ordinary
14-Sep-23
UBS Securities Australia Ltd
Buy
390
621

Ordinary
14-Sep-23
UBS Securities Australia Ltd
Sell
241
(382)

Ordinary
15-Sep-23
UBS Securities Australia Ltd
Sell
3
(5)

Ordinary
15-Sep-23
UBS Securities Australia Ltd
Buy
441
679

Ordinary
15-Sep-23
UBS Securities Australia Ltd
Sell
5
(7)

Ordinary
15-Sep-23
UBS Securities Australia Ltd
Buy
33
50

Ordinary
18-Sep-23
UBS Securities Australia Ltd
Buy
182
285

Ordinary
18-Sep-23
UBS Securities Australia Ltd
Sell
131
(202)

Ordinary
18-Sep-23
UBS Securities Australia Ltd
Sell
5
(7)

Ordinary
19-Sep-23
UBS Securities Australia Ltd
Sell
10
(15)

Ordinary
19-Sep-23
UBS Securities Australia Ltd
Buy
977
1,527

Ordinary
19-Sep-23
UBS Securities Australia Ltd
Buy
385
602

Ordinary
19-Sep-23
UBS Securities Australia Ltd
Sell
385
(602)

Ordinary
19-Sep-23
UBS Securities Australia Ltd
Sell
225
(350)

Ordinary
19-Sep-23
UBS Securities Australia Ltd
Buy
93
146

Ordinary
20-Sep-23
UBS Securities Australia Ltd
Buy
249
386

Ordinary
20-Sep-23
UBS Securities Australia Ltd
Sell
106
(165)

Ordinary
21-Sep-23
UBS Securities Australia Ltd
Sell
91
(141)

Ordinary
21-Sep-23
UBS Securities Australia Ltd
Buy
90
141

Ordinary
21-Sep-23
UBS Securities Australia Ltd
Sell
2
(3)

Ordinary
22-Sep-23
UBS Securities Australia Ltd
Sell
1,579
(2,487)

Ordinary
22-Sep-23
UBS Securities Australia Ltd
Sell
582
(924)

Ordinary
22-Sep-23
UBS Securities Australia Ltd
Buy
1,173
1,848

Ordinary
22-Sep-23
UBS Securities Australia Ltd
Buy
191
300

Ordinary
22-Sep-23
UBS Securities Australia Ltd
Sell
2
(3)

Ordinary
25-Sep-23
UBS Securities Australia Ltd
Sell
21
(33)

Ordinary
25-Sep-23
UBS Securities Australia Ltd
Sell
596
(924)

Ordinary
27-Sep-23
UBS Securities Australia Ltd
Sell
324
(528)

Ordinary
27-Sep-23
UBS Securities Australia Ltd
Buy
628
1,029

Ordinary
27-Sep-23
UBS Securities Australia Ltd
Sell
18
(30)

Ordinary
27-Sep-23
UBS Securities Australia Ltd
Buy
22
35

Ordinary
28-Sep-23
UBS Securities Australia Ltd
Sell
20
(32)

Ordinary
28-Sep-23
UBS Securities Australia Ltd
Sell
1,643
(2,657)

Ordinary
28-Sep-23
UBS Securities Australia Ltd
Buy
1,088
1,769

Ordinary
28-Sep-23
UBS Securities Australia Ltd
Buy
1,560
2,516

Ordinary
28-Sep-23
UBS Securities Australia Ltd
Sell
201
(322)

Ordinary
28-Sep-23
UBS Securities Australia Ltd
Buy
194
311

Ordinary
29-Sep-23
UBS AG Australia Branch
Change in right of rehypothecation
N/A
5,529,458

Ordinary
29-Sep-23
UBS Securities Australia Ltd
Buy
35
Ordinary
29-Sep-23
UBS Securities Australia Ltd
Buy
1,435
2,318

Ordinary
29-Sep-23
UBS Securities Australia Ltd
Buy
1,624
2,605

Ordinary
29-Sep-23
UBS Securities Australia Ltd
Sell
1,620
(2,593)

Ordinary
29-Sep-23
UBS Securities Australia Ltd
Sell
393
(625)

Ordinary
29-Sep-23
UBS Securities Australia Ltd
Buy
403
640

Ordinary
02-Oct-23
UBS AG Australia Branch
Change in right of rehypothecation
N/A
1,553,617

Ordinary

02-Oct-23
UBS AG London Branch
Change in right of rehypothecation
N/A
1,920,113

Ordinary
02-Oct-23
UBS Securities Australia Ltd
Sell
1,242
(1,972)

Ordinary