Wellington capital change notice

Notification of Allotment of Securities by Wellington Drive Technologies Limited Section 1: Issuer information Name of issuer Wellington Drive Technologies Limited NZX ticker code WDT Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZWDTE0002S1 Currency NZD Section 2: Capital change details Number issued 1,417,344 Nominal value (if any) n/a Issue/acquisition/redemption price per security n/a Nature of the payment (for example, cash or other consideration) No cash consideration payable as the issue of shares is in part settlement of the deferred purchase price under the Sale and Purchase Agreement for all the shares in iProximity Pty Limited announced to the market on 28 February 2018. Amount paid up (if not in full) Credited as fully paid Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 0.5415% For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date) n/a Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here) The issue of shares is in part settlement of the deferred purchase price under the Sale and Purchase Agreement for all the shares in iProximity Pty Limited announced to the market on 28 February 2018. Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption. 263,143,354 In the case of an acquisition of shares, whether those shares are to be held as treasury stock n/a Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made Directors resolution dated 26 June 2019 and former Listing Rule 7.3.5 (now Listing Rule 4.5.1). Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) The shares are credited as fully paid, and rank in all respects equally with the fully paid Ordinary Shares already on issue. Date of issue/acquisition/redemption 10 July 2019 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Ron Jackson Contact person for this announcement Ron Jackson Contact phone number +64 9 477 4500 Contact email address ron.jackson@wdtl.com Date of release through MAP 10 July 2019 For further information visit www.wdtl.com. End CA:00337473 For:WDT Type:SECISSUE Time:2019-07-10 16:13:37