SPH Notice – First NZ Capital Group Limited

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To EROAD Limited (ERD) Date this disclosure made: 21 May 2018 Date on which substantial holding began: 18 May 2018 Substantial product holder(s) giving disclosure Full name(s): First NZ Capital Group Limited Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for: Harbour Asset Management Limited and First NZ Capital Securities Limited For this disclosure - (a) total number held in class: 3,420,110 (b) total in class: 68,089,931 (c) total percentage held in class: 5.023% Details of relevant interests Details for: First NZ Capital Securities Limited Harbour Asset Management Limited Nature of relevant interest(s): Beneficial owner of financial products As fund manager, the power to exercise a right to vote attached to, and power to acquire or dispose of, the products, under powers of investment contained in investment management contracts with clients (the beneficial owners of the products). For that relevant interest - number held in class: 418,462 3,001,648 percentage held in class: 0.615% 4.408% current registered holder of financial products: First NZ Capital Securities Limited Unknown + various nominee companies on behalf of clients as beneficial owners. registered holder of financial products once transfer is registered: First NZ Capital Securities Limited No relevant agreement needs to be attached under regulation 139. Various nominee companies on behalf of clients as beneficial owners. No relevant agreement needs to be attached under regulation 139. Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: As at 18 May 2018, Harbour Asset Management Limited, on behalf of clients as beneficial owners, holds 3,001,648 ordinary shares in ERD. Since the last disclosure on 1 May 2018, Harbour Asset Management Limited, on behalf of clients and in the ordinary course of business has not purchased or sold any ERD ordinary shares. As at 18 May 2018, First NZ Capital Securities Limited, in the ordinary course of daily trading activity, holds 418,462 ordinary shares in ERD. Since the last disclosure on 1 May 2018, First NZ Capital Securities Limited, in the ordinary course of trading activity purchased 60,880 ERD ordinary shares for a gross consideration of $228,744 and sold 31,669 ERD ordinary shares for a gross consideration of $113,167. 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:00318247 For:ERD Type:SHINTR Time:2018-05-21 13:56:06