Notification of Issue of Securities

EROAD Limited - Allotment of Shares For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 31 July 2018: (a) Class of Security: Ordinary shares ISIN: NZERDE0001S5 (b) Number issued: 18,136 (c) Nominal value: Not applicable Issue price: $3.3083 per share calculated as the volume weighted average price of EROAD Limited's ordinary shares quoted on the NZX Main Board for the five trading day period prior to the date on which the shares are issued (d) Payment terms: Cash (e) Any amount paid up: Fully paid (f) Principal terms of the Securities: The shares rank pari passu with existing ordinary shares (g) Percentage of the total Class of Securities issued: 0.0266% (h) Reason for the issue: Issue of 18,136 ordinary shares to Jason Dale, former Chief Financial Officer, in recognition of the significant contribution made by Mr Dale during his time at EROAD (i) Specific authority for the issue: Directors' resolution dated 31 July 2018 (j) Terms or details of the issue: Not applicable (k) Total number of Securities of the Class in existence after the issue: 68,162,067 (l) Treasury Stock: Not applicable (m) Date of issue: 31 July 2018 ENDS Contact: Steven Newman, Chief Executive Officer on +64 9 9274713. For more information about EROAD visit our website www.eroad.com End CA:00321522 For:ERD Type:SECISSUE Time:2018-07-31 16:22:50