Capital Change Notice – Share Purchase Plan

Section 1: Issuer information Name of issuer Serko Limited NZX ticker code SKO Class of financial product Ordinary shares in Serko ISIN (If unknown, check on NZX website) NZSKOE0001S7 Currency NZD Section 2: Capital change details Number issued/acquired/redeemed 1,237,623 Nominal value (if any) $5,000,000 Issue/acquisition/redemption price per security $4.04 Nature of the payment (for example, cash or other consideration) Cash Amount paid up (if not in full) 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) 1.363% 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) Allotment of 1,237,623 ordinary shares under a share purchase plan conducted by Serko Limited 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. 92,061,422 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 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) The new shares will rank equally with all other fully paid ordinary shares on issue. Date of issue/acquisition/redemption 22 November 2019 End CA:00344808 For:SKO Type:SECISSUE Time:2019-11-22 16:07:39