EROAD Limited – Placement Allotment

For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 15 December 2017: (a) Class of Security Ordinary shares ISIN: NZERDE0001S5 (b) Number issued: 5,099,247 (c) Issue price: $3.04 (d) Whether payment was in cash: Yes (e) Any amount paid up: In full (f) Principal terms of the Securities: Not applicable (g) Percentage of the total Class of Securities issued: 8.357% of the total number of fully paid ordinary shares prior to this issue (h) Reason for the issue: Allotment of 5,099,247 ordinary shares under a placement conducted by EROAD Limited (i) Specific authority for the issue: Directors' resolutions dated 11 December 2017 (j) Terms or details of the issue: New ordinary shares which rank equally with all other fully paid ordinary shares in EROAD Limited on issue (k) Total number of Securities of the Class in existence after the issue: 66,116,258 (l) Treasury Stock: Not applicable (m) Date of issue: 15 December 2017 ENDS Contact: Michael Bushby, Chairman on +64 64 927 4747. For more information about EROAD visit our website www.eroad.com End CA:00312041 For:ERD Type:OFFER Time:2017-12-15 15:58:38