Capital Change Notice – InterplX Tranche 2

Section 1: Issuer information Name of issuer Serko Limited ("Serko") NZX ticker code SKO Class of financial product Ordinary shares in Serko ("Shares") ISIN NZSKOE0001S7 Currency NZD/USD (refer below) Section 2: Capital change details Number issued/acquired/redeemed 573,922 Shares (the "New Shares") Nominal value (if any) N/A Issue/acquisition/redemption price per security NZ$3.30 (US$2.178) per New Share Nature of the payment (for example, cash or other consideration) Non-cash consideration Amount paid up (if not in full) Fully paid up 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) 0.623% (before issue) 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) Issued as part consideration (Tranche 2) to stockholders of InterplX, Inc. (InterpIX) for the acquisition by Serko (through a wholly-owned subsidiary) of all of the issued shares in InterpIX as announced on 20 December 2018. Tranche 1 was issued at the time of the acquisition on 20 December 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. 92,660,344 Shares on issue 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 20 December 2018 and 10 February 2020. Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) The New Shares will be issued on the same terms as the existing Shares on issue. Date of issue/acquisition/redemption 12 February 2020 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Susan Putt Contact person for this announcement Susan Putt, Chief Financial Officer Contact phone number +64 21 388 009 Contact email address investor.relations@serko.com Date of release through MAP 13 February 2020 End CA:00348303 For:SKO Type:SECISSUE Time:2020-02-13 08:30:51