Initial Disclosure Notice – Susan Putt

Initial Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests Sections 297(1) and 298(1), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: Serko Limited (SKO) Date this disclosure made: 24-Feb-17 Date on which issuer listed or appointment made: "12-Jan-17* * Note relevant interest acquired on 23-Feb-17" Director or senior manager giving disclosure Full name: Susan Putt Name of listed issuer: Serko Limited (SKO) Name of related body corporate (if applicable): Serko Trustee Limited Position held in listed issuer: Chief Financial Officer Summary of relevant interest (excluding specified derivatives) Class of quoted financial product: Ordinary shares (subject to restrictive conditions) Nature of relevant interest: "Beneficial owner of restricted shares granted pursuant to the Serko Limited Restricted Share Scheme, held in trust until vesting. " Number held in class: 200,000 Current registered holder: Serko Trustee Limited Summary of specified derivatives relevant interest (if applicable) Type of derivative: not applicable Class of underlying financial products: not applicable Details of derivative The notional value of the derivative (if any) or the notional amount of underlying products (if any): not applicable A statement as to whether the derivative is cash settled or physically settled: not applicable Maturity date of the derivative (if any): not applicable Expiry date of the derivative (if any): not applicable The price specified in the terms of the derivative(if any): not applicable Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: not applicable For that derivative,- Parties to the derivative: not applicable If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative: not applicable Certification I 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. Signature of director or officer: Date of signature: 24-Feb-17 End CA:00297341 For:SKO Type:RELINT Time:2017-02-24 08:30:32