Notification of Issue of Securities

EROAD Limited - LTI issue of shares For the purposes of Listing Rule 7.12.1, EROAD Limited (NZX:ERD) advises that the following shares have been issued on 25 September 2018: (a) Class of Security ISIN: Ordinary shares NZERDE0001S5 (b) Number issued: 116,705 (c) Nominal value: Not applicable Issue price: $3.8898 per share (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: 0.171% (h) Reason for the issue: Issue of 116,705 ordinary shares to be allocated to employees under EROAD Limited's Long Term Incentive Plan (i) Specific authority for the issue: Directors' resolutions dated 25 September 2018 (j) Terms or details of the issue: Not applicable (k) Total number of Securities of the Class in existence after the issue: 68,278,772 (l) Treasury Stock:Not applicable (m) Date of issue: 25 September 2018 ENDS Contact: Steven Newman, Chief Executive Officer on +64 9 9274747. For more information about EROAD visit our website www.eroad.com End CA:00324360 For:ERD Type:SECISSUE Time:2018-09-25 12:48:28