Change in substantial shareholding from AEF

Australian
AC
Ethical
9
September
2024
MarketAnnouncements
Office
ASX
Limited
Exchange
Centre
20
Bridge
Street
SYDNEYNSW
2000
Notice
of
change
of
interests
of
substantialholder
Attachedis
a
Form
604
Notice
of
change
of
interests
of
a
substantialshareholder
in
relation
to
EroadLimited
completed
by
AustralianEthicalInvestmentLimited.
Yours
faithfully,
Authorised
by
Karen
Hughes
CompanySecretary
t
0282766288
e
enquiries@australianethical.com.au
p
GPO
Box
Centre
Sydney,
GPO
Box
8,
Sydney
NSW
2001
AustralianEthicalInvestmentLtd
ABN
47
003
188
930
AFSL
229949
australianethical.com.au

Phone 02 8276 6288 Email enquiries@australianethical.com.au
Web australianethical.com.au Post GPO Box 8, GPO Box Centre, Sydney NSW 2001
Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949
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
Note: This form must be completed in accordance with the instructions at the end of the form.
• NZX; and
• Eroad Limited
Relevant event being disclosed: A movement of 1% in the substantial holding
Date of relevant event: 05 September 2024
Date this disclosure made: 09 September 2024
Date last disclosure made: 20 May 2024
Substantial product holder(s) giving disclosure
Full name(s): National Nominees Ltd ACF Australian Ethical Investment Limited (ABN 51 003
188 930)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (ERD)
For this disclosure,—
(a) total number held in class: 21,884,819
(b) total in class: 187,049,558
(c) total percentage held in class: 11.70%
For last disclosure,—
(a) total number held in class: 18,884,787
(b) total in class: 184,821,022
(c) total percentage held in class: 10.22%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Multiple on market transactions changed the
ownership by more than 1% (See attachment)

Phone 02 8276 6288 Email enquiries@australianethical.com.au
Web australianethical.com.au Post GPO Box 8, GPO Box Centre, Sydney NSW 2001
Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949
Details after relevant event
Details for National Nominees Ltd ACF Australian Ethical Investment Limited
Nature of relevant interest(s): National Nominees Limited ACF Australian Ethical Investment Limited is the registered
holder and beneficial owner of the Products. Please note that National Nominees Ltd is the custodian of registered
managed investment schemes; Australian Ethical Investment Limited is the Responsible Entity. A relevant agreement
need not be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 21,884,819
(b) percentage held in class: 11.70%
(c) current registered holder(s): no change since last disclosure
(d) registered holder(s) once transfers are registered: N/A
For a derivative 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): National Nominees Ltd, Level 12, 500 Bourke Street, Melbourne VIC 3000
Contact details: Robert Bush, Head of Fund Accounting, Australian Ethical Investment Limited +61 413 043 177 and
Fundaccounting@australianethical.com.au
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, Karen Hughes, Company Secretary, Australian Ethical Investment Limited 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.

Phone 02 8276 6288 Email enquiries@australianethical.com.au
Web australianethical.com.au Post GPO Box 8, GPO Box Centre, Sydney NSW 2001
Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

Annexure
A
Issued
Shares
187.049,558
Notice
Required:
Form
604
-
Notice
of
change
of
interest
of
substantialholder
Person
whoserelevantInterest
Consideration
given
in
relation
Class
andnumber
of
securities
Date
of
Change
changed
Nature
of
Change
to
change
affected
Personwhose
votes
affected
NationalNomineesLtd
ACF
NationalNomineesLtd
ACF
AustralianEthicalInvestmentAustralianEthicalInvestment
22/05/2024
Ltd
Buy
20.422.49
23,599
Ltd
22/05/2024
NationalNominees
Ltd
ACF
Buy
1,263,790.111,449,457
National
Nominees
Ltd
ACF
22/05/2024
NationalNomineesLtd
ACF
Buy
1,263,790.11
-1.449,457
NationalNomineesLtd
ACF
22/05/2024
NationalNomineesLtd
ACF
Buy
1,263,790.11
1.449,457
NationalNomineesLtd
ACF
29/05/2024
NationalNomineesltd
ACF
Buy
49,073.50
50,000
NationalNomineesLtd
ACF
05/06/2024
NationalNomineesLtd
ACF
Buy
227,264.39
226,924
NationalNomineesLtd
ACF
12/06/2024
NationalNomineesLtd
ACF
Buy
94,869.74
100,759
NationalNomineesLtd
ACF
05/09/2024
NationalNomineesLtd
ACF
Buy
736,651.48
574,647
NationalNomineesLtd
ACF
05/09/2024
NationalNomineesLtd
ACF
Buy
736,650.20
574,646
NationalNomineesLtd
ACF
ERD-NZ
EROAD
Limited
NationalNomineesLtd
ACF
AustralianEthicalInvestmentLtd
%
This
Report
%
Previous
Report
%Movement
AEI
Holding
Holds
11.7010.221.48
21,884,819