Capital Change Notice

Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand
PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, investor.relations@serko.com
Incorporated in New Zealand ARBN 611 613 980
CAPITAL CHANGE NOTICE
Restricted Share Units
This notice relates to the issue of unlisted Restricted Share Units (RSUs) to Serko Limited employees to
subscribe for ordinary shares in Serko Limited under the Serko (ANZ) Long Term Incentive Scheme Rules
and/or the Serko (US) Long Term Incentive Plan (collectively, the “Scheme Rules).
Section 1: Issuer information
Name of issuer Serko Limited (“Serko”)
NZX ticker code SKO
Class of financial product Unlisted RSUs issued under the Scheme Rules.
ISIN NZSKOE0001S7
Currency NZD
Section 2: Capital change details
Number of issuances to which this notice relates 1
Number issued/acquired/redeemed 416,707 RSUs under the Scheme Rules.
Nominal value (if any) N/A
Issue/acquisition/redemption price per security RSUs were granted at a value of NZ$3.33 using
the Volume Weighted Average Price (VWAP) of
Serko’s ordinary shares on the NZX for the 20
trading days preceding 13 November 2024.
Nature of the payment (for example, cash or other
consideration)
N/A. Non-cash consideration is provided in the
form of services rendered and to be rendered by
the holders as employees of Serko.
Amount paid up (if not in full) N/A
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)
The new RSUs issued represent 10.355% (to
3dp) of the RSUs in existence immediately
before the issue.
Serko has 123,079,981 ordinary shares on issue
(Ordinary Shares). It has granted in total
4,440,959 RSUs (post-grant).
If 100% of the RSUs on issue were to vest, it
would represent approximately 3.608% (to 3dp)
of the Ordinary Shares on issue.
This grant of 416,707 RSUs represents 0.339%
(to 3dp) of the Ordinary Shares currently on
issue.

2
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)
The RSUs have been granted pursuant to the
Scheme Rules as part of the remuneration
package of certain employees.
Vesting Periods: The RSUs are subject to time-
based vesting criteria, either: (a) vesting in
thirds, between 2025 to 2027, or (b) vesting in
two tranches, in 2025.
Vesting Criteria: Vesting of RSUs is subject to
the terms of the Schemes, including continued
employment of the relevant employee on each
relevant vesting date, and performance-related
hurdles applicable to certain employees. There
is no ‘exercise price’ for share conversion to
occur.
Ranking Any Ordinary Shares in Serko Limited
issued on the exercise of the RSUs will rank
equally in all respects with all other Ordinary
Shares on issue in Serko Limited.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the
reason for change must be identified here)
Authorised by the Board of Serko Limited
pursuant to the Scheme Rules.
Reason for the issue is to encourage certain
employees to join and/or remain with Serko
Limited and to align their interests with those of
Serko Limited’s shareholders.
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.
123,079,981 Ordinary Shares on issue
62,133 unlisted options outstanding, taking into
account all forfeited options to date; and
4,440,959 RSUs.
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule pursuant
to which the issue, acquisition, or redemption is made
Directors’ resolution, Listing Rule 4.6.1.
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
The RSUs issued in accordance with the terms
set out in the Scheme Rules. Other terms are
detailed above.
Date of issue/acquisition/redemption 13 November 2024
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Isla Dentice-Wood, Company Secretary
Contact person for this announcement Isla Dentice-Wood, Company Secretary
Contact phone number +64 9 884 5916
Contact email address investor.relations@serko.com
Date of release through MAP 14 November 2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Announcement Summary
Entity name
SERKO LIMITED
Date of this announcement
Thursday November 14, 2024
The +securities the subject of this notification are:
Total number of +securities to be issued/transferred
ASX +security
codeSecurity description
Total number of
+securities to be
issued/transferredIssue date
SKOABRESTRICTED SHARE UNITS416,70713/11/2024
Refer to next page for full details of the announcement
+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being
quoted on ASX until the restriction ends

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 1 - Entity and announcement details
1.1 Name of entity
SERKO LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type
ARBN
Registration number
611613980
1.3 ASX issuer code
SKO
1.4 The announcement is
1.5 Date of this announcement
14/11/2024
New announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 2 - Issue details
2.1 The +securities the subject of this notification are:
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and
which:
has an existing ASX security code ("existing class")
+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being
quoted on ASX until the restriction ends

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to
ASX in an Appendix 3B
Additional +securities in an existing class issued under an +employee incentive scheme
ASX +security code and description
SKOAB : RESTRICTED SHARE UNITS
Date the +securities the subject of this notification were issued
13/11/2024
Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Provide details of the KMP or +associates being issued +securities.
Name of KMPName of registered holderNumber of +securities
Shane SampsonShane Sampson
105,051
Simon YoungSimon Young
84,041
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
https://4389989.fs1.hubspotusercontent-na1.net/hubfs/4389989/Serko%20Investor%20Centre/Results%20and%20Report
s/FY24/Full%20Year%20Results/Serko-AnnualReport-2024-v19.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
Issue details
Number of +securities
416,707
Yes
Yes

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of
the entity will comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if
other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
SKO : ORDINARY FULLY PAID FOREIGN EXEMPT NZX123,079,981
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
SKOAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES62,133
SKOAB : RESTRICTED SHARE UNITS4,440,959