Notification of Issue of Additional Unlisted Option

31 July 2017 Client Market Services NZX Limited WELLINGTON By NZ MAP NOTIFICATION OF ISSUE OF ADDITIONAL UNLISTED OPTIONS For the purposes of Listing Rule 7.12.1, SLI Systems Limited (SLI) advises the following unlisted options have been issued to employees of SLI or its subsidiaries: a Class of security Unlisted options ISIN N/A b Number issued 75,000 (marked with * in the attached appendix) c Nominal value N/A Issue Price Exercise price is as set out in the appendix d Payment terms Full payment on exercise e Amount paid up N/A f Principal terms of security The options are fully exercisable from the date of issue. The options are no longer exercisable following the 10th anniversary of the holder's appointment date with SLI. Otherwise the options have the same essential terms set out in section 8.4 of SLI's IPO Investment Statement dated 6 May 2013 g Percentage of class of securities 100% of the classes of additional unlisted options specified in the appendix h Reason for issue Pursuant to previously agreed Share Appreciation Right compensation plans issued to key US execs to attract, retain and reward employees and to motivate such individuals to contribute to the growth and profitability of SLI i Authority for issue Listing Rule 7.3.6 j Terms of issue As summarised above k Number of securities in existence after issue 62,260,816 listed ordinary shares 5,398,708 unlisted options in total, of the classes set out in the appendix l Treasury stock N/A m Issue date 28 July 2017 Yours faithfully Rod Garrett Chief Financial Officer APPENDIX: CLASSES OF UNLISTED OPTIONS Effective grant date First vesting date Unexercised Options Vested but Unexercised Options Exercise price Expiry Date Notes 13-Nov-06 13-Nov-07 180,000 180,000 USD 0.2917 13-Nov-19 7-Jan-08 7-Jan-09 60,000 60,000 USD 0.2917 7-Jan-18 25-Mar-08 25-Mar-09 210,000 210,000 USD 0.3333 25-Mar-21 5-May-08 5-May-09 60,000 60,000 USD 0.3333 5-May-18 12-May-08 12-May-09 60,000 60,000 USD 0.2917 12-May-18 30-Jun-08 30-Jun-09 12,360 12,360 USD 0.3333 30-Jun-18 30-Jun-08 30-Jun-09 12,360 12,360 USD 0.3333 30-Jun-18 30-Jun-08 30-Jun-09 12,360 12,360 USD 0.3333 30-Jun-18 9-Mar-09 9-Mar-10 49,500 49,500 USD 0.3333 9-Mar-19 14-Apr-09 14-Apr-10 49,500 49,500 USD 0.3333 14-Apr-19 10-May-09 10-May-10 49,500 49,500 USD 0.3333 10-May-19 30-Jun-09 30-Jun-10 12,360 12,360 USD 0.3333 30-Jun-19 30-Jun-09 30-Jun-10 12,360 12,360 USD 0.3333 30-Jun-19 30-Jun-09 30-Jun-10 12,360 12,360 USD 0.3333 30-Jun-19 30-Jun-09 30-Jun-10 12,360 12,360 USD 0.3333 30-Jun-19 30-Jun-09 30-Jun-10 12,360 12,360 USD 0.3333 30-Jun-19 15-Mar-10 15-Mar-11 49,500 49,500 USD 0.3333 15-Mar-20 23-Mar-10 23-Mar-11 210,000 210,000 USD 0.3333 23-Mar-20 6-Apr-10 6-Apr-11 49,500 49,500 USD 0.3333 6-Apr-20 31-May-10 31-May-11 29,500 29,500 USD 0.3333 31-May-20 8-Jun-10 8-Jun-11 49,500 49,500 USD 0.3333 8-Jun-20 21-Jun-10 21-Jun-11 49,500 49,500 USD 0.3333 21-Jun-20 30-Jun-10 30-Jun-11 12,360 12,360 USD 0.3333 30-Jun-20 30-Jun-10 30-Jun-11 12,360 12,360 USD 0.3333 30-Jun-20 30-Jun-10 30-Jun-11 2,318 2,318 USD 0.3333 30-Jun-20 30-Jun-10 30-Jun-11 12,360 12,360 USD 0.3333 30-Jun-20 30-Jun-10 30-Jun-11 12,360 12,360 USD 0.3333 30-Jun-20 30-Jun-10 30-Jun-11 12,360 12,360 USD 0.3333 30-Jun-20 30-Jun-10 30-Jun-11 12,360 12,360 USD 0.3333 30-Jun-20 4-Oct-10 4-Oct-11 49,500 49,500 USD 0.3333 4-Oct-20 15-Jan-11 15-Jan-12 210,000 210,000 USD 0.3333 15-Jan-21 16-May-11 16-May-12 22,500 22,500 USD 0.3333 16-May-21 30-Jun-11 30-Jun-12 14,607 14,607 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 8,427 8,427 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 5,899 5,899 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 6,180 6,180 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 10,394 10,394 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 17,963 17,963 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 6,180 6,180 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 6,180 6,180 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 5,899 5,899 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 8,427 8,427 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 5,788 5,788 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 14,607 14,607 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 15,000 15,000 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 12,180 12,180 USD 0.3333 30-Jun-21 30-Jun-11 30-Jun-12 15,000 15,000 USD 0.3333 30-Jun-21 4-Jul-11 4-Jul-12 49,500 49,500 USD 0.3333 4-Jul-21 12-Jul-11 12-Jul-12 120,000 120,000 USD 0.3333 12-Jul-21 17-Oct-11 17-Oct-12 49,500 49,500 USD 0.3333 17-Oct-21 5-Dec-11 5-Dec-12 49,500 49,500 USD 0.3333 5-Dec-21 28-May-12 28-May-13 49,500 49,500 USD 0.6817 28-May-22 5-Jun-12 5-Jun-13 28,875 28,875 USD 0.6817 5-Jun-22 11-Jun-12 11-Jun-13 49,500 49,500 USD 0.6817 11-Jun-22 18-Jun-12 18-Jun-13 43,500 43,500 USD 0.6817 18-Jun-22 25-Jun-12 25-Jun-13 49,500 49,500 USD 0.6817 25-Jun-22 1-Jul-12 1-Jul-13 51,000 51,000 USD 0.7483 1-Jul-22 16-Jul-12 16-Jul-13 49,500 49,500 USD 0.7483 16-Jul-22 20-Aug-12 20-Aug-13 30,938 30,938 USD 0.7483 20-Aug-22 20-Aug-12 20-Aug-13 32,400 32,400 USD 0.7483 20-Aug-22 12-Sep-12 12-Sep-13 32,400 32,400 USD 0.7483 12-Sep-22 8-Oct-12 8-Oct-13 32,400 32,400 USD 0.7483 8-Oct-22 8-Oct-12 8-Oct-13 32,400 32,400 USD 0.7483 8-Oct-22 19-Nov-12 19-Nov-13 24,300 24,300 USD 0.7483 19-Nov-22 3-Dec-12 3-Dec-13 32,400 32,400 USD 0.7483 3-Dec-22 14-Jan-13 14-Jan-14 32,400 32,400 USD 0.7817 14-Jan-23 15-Feb-13 15-Feb-14 32,400 32,400 USD 0.7817 15-Feb-23 4-Mar-13 4-Mar-14 32,400 32,400 USD 0.7817 4-Mar-23 8-Apr-13 8-Apr-14 32,400 32,400 USD 0.7817 8-Apr-23 13-May-13 13-May-14 23,400 23,400 NZD 1.50 13-May-23 17-Jun-13 17-Jun-14 13,800 13,800 NZD 1.94 17-Jun-23 1-Jul-13 1-Jul-14 6,900 6,900 NZD 1.94 1-Jul-23 8-Jul-13 8-Jul-14 13,225 13,225 NZD 1.94 8-Jul-23 8-Jul-13 8-Jul-14 13,800 13,800 NZD 1.94 8-Jul-23 22-Jul-13 22-Jul-14 13,800 13,800 NZD 1.94 22-Jul-23 5-Aug-13 5-Aug-14 13,800 13,513 NZD 1.94 5-Aug-23 16-Sep-13 16-Sep-14 13,800 13,225 NZD 1.94 16-Sep-23 25-Sep-13 25-Sep-14 13,800 13,225 NZD 2.06 25-Sep-23 30-Sep-13 30-Sep-14 13,800 12,938 NZD 2.02 30-Sep-23 14-Oct-13 14-Oct-14 13,800 12,938 NZD 1.93 14-Oct-23 25-Nov-13 25-Nov-14 13,800 12,650 NZD 1.94 25-Nov-23 3-Jan-14 3-Jan-15 13,800 12,075 NZD 1.78 3-Jan-24 27-Jan-14 27-Jan-15 13,800 11,788 NZD 2.17 27-Jan-24 24-Feb-14 24-Feb-15 13,800 11,788 NZD 2.55 24-Feb-24 24-Feb-14 24-Feb-15 13,800 11,788 NZD 2.55 24-Feb-24 10-Mar-14 10-Mar-15 13,800 11,500 NZD 2.56 10-Mar-24 31-Mar-14 31-Mar-15 13,800 11,213 NZD 2.46 31-Mar-24 7-Apr-14 7-Apr-15 13,800 11,213 NZD 2.40 7-Apr-24 14-Apr-14 14-Apr-15 13,800 11,213 NZD 2.26 14-Apr-24 23-Jun-14 23-Jun-15 10,350 10,350 NZD 1.70 23-Jun-24 2-Jul-14 2-Jul-15 100,000 75,000 NZD 1.61 2-Jul-24 14-Jul-14 14-Jul-15 13,800 10,350 NZD 1.53 14-Jul-24 28-Jul-14 28-Jul-15 13,800 10,350 NZD 1.42 28-Jul-24 28-Jul-14 28-Jul-15 13,800 10,350 NZD 1.42 28-Jul-24 4-Aug-14 4-Aug-15 13,800 10,063 NZD 1.40 4-Aug-24 11-Aug-14 11-Aug-15 26,500 19,323 NZD 1.37 11-Aug-24 19-Sep-14 19-Sep-15 13,800 9,775 NZD 1.36 19-Sep-24 29-Sep-14 29-Sep-15 13,800 9,488 NZD 1.31 29-Sep-24 27-Oct-14 27-Oct-15 13,800 9,488 NZD 1.16 27-Oct-24 27-Oct-14 27-Oct-15 9,200 9,200 NZD 1.16 27-Oct-24 25-Nov-14 25-Nov-15 13,800 9,200 NZD 1.15 25-Nov-24 25-Nov-14 25-Nov-15 13,800 9,200 NZD 1.15 25-Nov-24 22-Dec-14 22-Dec-15 13,800 8,913 NZD 1.12 22-Dec-24 22-Dec-14 22-Dec-15 13,800 8,913 NZD 1.12 22-Dec-24 29-Jan-15 29-Jan-16 13,800 8,338 NZD 1.14 29-Jan-25 29-Jan-15 29-Jan-16 13,800 8,338 NZD 1.14 29-Jan-25 29-Jan-15 29-Jan-16 8,050 8,050 NZD 1.14 29-Jan-25 23-Feb-15 23-Feb-16 8,050 8,050 NZD 1.03 23-Feb-25 24-Aug-15 11-Jun-16 200,000 104,167 NZD 0.94 11-Jun-25 24-Aug-15 24-Aug-16 10,000 4,792 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 5,000 2,396 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 5,000 2,396 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 2,292 2,292 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 5,000 2,396 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 15,000 7,188 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 10,000 4,792 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 10,000 4,792 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 10,000 4,792 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 2,000 958 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 2,000 958 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 2,000 958 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 2,000 958 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 2,000 958 NZD 0.76 24-Aug-25 24-Aug-15 24-Aug-16 4,000 1,917 NZD 0.76 24-Aug-25 16-Oct-15 16-Oct-16 2,000 875 NZD 0.79 16-Oct-25 25-Nov-15 25-Nov-16 2,000 833 NZD 0.77 25-Nov-25 2-Sep-16 2-Sep-17 35,000 - NZD 0.72 2-Sep-26 2-Sep-16 2-Sep-17 35,000 - NZD 0.72 2-Sep-26 2-Sep-16 2-Sep-17 35,000 - NZD 0.72 2-Sep-26 28-Nov-16 28-Nov-16 613,083 613,083 NZD 0.83 9-Oct-25 28-Nov-16 28-Nov-16 254,253 254,253 NZD 0.77 28-Oct-25 4-Feb-17 4-Feb-17 109,946 109,946 NZD 0.74 5-Jan-26 22-Feb-17 22-Feb-18 45,000 - NZD 0.43 22-Feb-27 2-Mar-17 2-Mar-18 315,000 - NZD 0.37 2-Mar-27 11-May-17 11-May-18 100,000 - NZD 0.30 11-May-27 19-May-17 19-May-17 168,657 168,657 NZD 1.09 20-Apr-26 28-Jul-17 28-Jul-18 75,000 - NZD 0.33 28-Jul-27 * Totals 5,398,708 4,505,881 Notes: The Options marked * (total 75,000) have been formally issued, since the last notification to NZX. The table above removes Options that have been exercised or lapsed up to (and including) the date of this notification to NZX. End CA:00304752 For:SLI Type:SECISSUE Time:2017-07-31 08:36:03