SPH Notice – First NZ Capital Group Limited

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To EROAD Limited (ERD) Date this disclosure made: 01 May 2018 Date last disclosure made: 6 April 2018 Date on which substantial holding ceased: 30 April 2018 Substantial product holder(s) giving disclosure Full name(s): First NZ Capital Group Limited Summary of previous substantial holding Class of quoted voting products: EROAD Limited (ERD) Summary for Harbour Asset Management Limited & First NZ Capital Securities Limited For last disclosure,-- (a) total number held in class: 3,430,697 (b) total in class: 68,089,931 (c) total percentage held in class: 5.038% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 3,371,982 (b) total in class: 68,089,931 (c) total percentage held in class: 4.952% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: On 6 April 2018, Harbour Asset Management Limited (First NZ Capital Group Limited) had disclosed an interest in 3,060,298 (4.494%) ERD shares. Since the last disclosure, as a result of normal on market trading activity, Harbour Asset Management Limited has purchased 149,500 for a total consideration of $560,254.45 and sold 208,150 ERD ordinary shares for a total consideration of $764,061.00 leaving 3,001,648 (4.408%) ERD ordinary shares at 30 April 2018. First NZ Capital Limited had disclosed an interest in 370,399 (0.544%) ERD ordinary shares on 6 April 2018. As a result of normal on market trading activity, First NZ Capital Securities Limited now has an interest in 370,334 (0.544%) ERD ordinary shares as at 30 April 2018. Additional information Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington Contact details: Helen Stevens +64 4 474 4430, helen.stevens@fnzc.co.nz Nature of connection between substantial product holders: First NZ Capital Group Limited, First NZ Capital Securities Limited and Harbour Asset Management Limited are related bodies corporate. 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: None Certification I, Helen Stevens, 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. End CA:00317413 For:ERD Type:SHINTR Time:2018-05-01 13:11:46