SPH Notice – Robert Shaw

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, 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 Serko Limited Relevant event being disclosed: movement of 1% or more in substantial holding Date of relevant event: 10 August 2018 Date this disclosure made: 13 August 2018 Date last disclosure made: 13 April 2018 Substantial product holder(s) giving disclosure Full name(s): Robert Shaw Summary of substantial holding Class of quoted voting products: Ordinary shares in Serko (Shares) with security code SKO Summary for Robert Shaw For this disclosure,-- (a) total number held in class: 12,943,426 (b) total in class: 80,348,887 (c) total percentage held in class: 16.109% For last disclosure,-- (a) total number held in class: 12,884,296 (b) total in class: 74,894,342 (c) total percentage held in class: 17.203% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: On 7 July 2016, Robert Shaw was allocated 9,106 Shares as part of his remuneration package at a value of $0.6479 per Share, with restrictive conditions, pursuant to the Serko Limited Employee Restricted Share Scheme (the Scheme), held in trust until vesting. On 6 July 2017, Robert Shaw was allocated 25,103 Shares as part of his remuneration package at a value of $0.4924 per Share, with restrictive conditions, pursuant to the Scheme, held in trust until vesting. On 6 July 2018, Robert Shaw was allocated 24,921 Shares as part of his remuneration package at a value of $2.9594 per Share, with restrictive conditions, pursuant to the Scheme (together with the Shares allocated on 7 July 2016 and 6 July 2017, the Scheme Shares), held in trust until vesting. On 10 August 2018, Serko allotted 5,454,545 Shares at $2.75 per Share under an underwritten placement announced on 7 August 2018. Details after relevant event Details for Robert Shaw Nature of relevant interest(s): Robert Shaw as trustee of the Ripon Trust (together with the other trustee Geoffrey Hosking) is the registered holder and beneficial owner of 12,884,296 Shares (the Ripon Trust Shares), and has the power to exercise a right to vote attached to, and to dispose of, the Ripon Trust Shares. For that relevant interest,-- (a) number held in class: 12,884,296 (b) percentage held in class: 16.035% (c) current registered holder(s): no change since last disclosure (d) registered holder(s) once transfers are registered: not applicable Nature of relevant interest(s): Robert Shaw has a beneficial interest in the Scheme Shares. The Scheme Shares are subject to a deed restricting exercise of voting rights attached to the Scheme Shares. A copy of that deed is attached to this disclosure. For that relevant interest,-- (a) number held in class: 59,130 (b) percentage held in class: 0.074% (c) current registered holder(s): Serko Trustee Limited (d) registered holder(s) once transfers are registered: not applicable Additional information Address(es) of substantial product holder(s): PO Box 47-638, Ponsonby, Auckland Contact details: +64 9 309 4754, bob.shaw@serko.com 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: not applicable Certification I, Robert Shaw, 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:00322117 For:SKO Type:SHINTR Time:2018-08-13 08:56:17