Capital Change Notice – Further Issue of Performance Share

As signaled in EROAD's Remuneration Report included in the Company's FY23 Annual Report released to the market on 24 May 2023, and as outlined in more detail in EROAD's 2023 Corporate Governance Roadshow Presentation released on 8 June 2023, the Company's Remuneration, Talent and Nomination Committee engaged Haigh & Company to review and evaluate market trends and to advise EROAD on its remuneration structure. Following completion of this work, which has been in development since September 2022, on 7 July 2023 EROAD announced the issue of Performance Share Rights (PSRs) to select employees as part of its three- year FY24 Long-Term Incentive (LTI) Plan. This week EROAD is issuing PSRs under the LTI Plan and its FY24 grant to another key employee pursuant to the terms of their employment contract. A capital change notice is attached relating to this issue of unquoted PSRs to acquire ordinary shares under EROAD's LTI Plan. Ends For Investor enquiries please contact: Matt Gregorowski Citadel-MAGNUS +61 422 534 755 mgregorowski@citadelmagnus.com For Media enquiries please contact: Hugo Shanahan +64 275 111 561 hugo@shanahan.nz End CA:00414823 For:ERD Type:SECISSUE Time:2023-07-18 08:38:33