SPH Notice - UBS Group AG and its related bodies corporate

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To: NZX Limited
and
To: EROAD Limited
Date this disclosure made: 09 April 2025
Date last disclosure made: 19 March 2025
Date on which substantial holding ceased: 07 April 2025

Substantial product holder(s) giving disclosure
Full name(s): UBS Group AG and its related bodies corporate

Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for: UBS Group AG and its related bodies corporate
For last disclosure, —
(a) total number held in class: 9,743,128 shares
(b) total in class: 187,410,632 shares
(c) total percentage held in class: 5.20%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 8,635,816 shares
(b) total in class: 187,410,632 shares
(c) total percentage held in class: 4.61%

Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Please see Appendix A .
Additional information
Address(es) of substantial product holder(s):

Name Addresses
UBS Asset Management
(Australia) Ltd
Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG Australia Branch Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG London Branch 5 Broadgate, London, United Kingdom

Contact details: Florian Naef
Tel: +852 3712 4687
Email: florian-p.naef@ubs.com

Nature of connection between substantial product holders:
UBS Asset Management (Australia) Ltd : Related body corporate
UBS Securities Australia Ltd : Related body corporate
UBS AG Australia Branch : Related body corporate
UBS AG London Branch : Related body corporate

Name of any other person believed to have given, or believed to be required to give, a disclosure
under the Financial Markets Conduct Act 2013 in relation to the financial products to which this
disclosure relates: Not applicable
Certification
We certify that, to the best of our knowledge and belief, the information contained in this disclosure
is correct and that we are duly authorised to make this disclosure by all persons for whom it is made.

SIGNATURE

Print Name:


Florian Naef

Capacity:

Authorised signatory

Sign Here:



Date:

09 April 2025

Print Name:


Dominic Eichrodt

Capacity:

Authorised signatory


Sign Here:





Date:

09 April 2025

ERD - Appendix A
Date of
change
Person whose relevant interest changed
Nature of Change
Consideration given in
relation to change
Number of securities
Class
18-Mar-25
UBS AG Australia Branch
Change in right of rehypothecation
N/A
249,024


Ordinary
18-Mar-25
UBS AG London Branch
Change in right of rehypothecation
N/A
(397,052)


Ordinary
19-Mar-25
UBS Securities Australia Ltd
Stock borrowed
N/A
1,500


Ordinary
20-Mar-25
UBS Securities Australia Ltd
Buy
602
664


Ordinary
24-Mar-25
UBS Securities Australia Ltd
Buy
174
186


Ordinary
28-Mar-25
UBS Securities Australia Ltd
Sell
151
(159)


Ordinary
31-Mar-25
UBS Securities Australia Ltd
Buy
3,890
4,263


Ordinary
31-Mar-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
9,379


Swaps
01-Apr-25
UBS Securities Australia Ltd
Sell
4,421
(4,732)


Ordinary
02-Apr-25
UBS Securities Australia Ltd
Buy
3,671
3,934


Ordinary
04-Apr-25
UBS Securities Australia Ltd
Sell
3,249
(3,539)


Ordinary
04-Apr-25
UBS Securities Australia Ltd
Buy
65
70


Ordinary
04-Apr-25
UBS Securities Australia Ltd
Stock borrowed
N/A
1,000


Ordinary
04-Apr-25
UBS Securities Australia Ltd
Stock borrowed
N/A
1,000


Ordinary
04-Apr-25
UBS Securities Australia Ltd
Stock borrowed
N/A
3,500


Ordinary
07-Apr-25
UBS AG Australia Branch
Change in right of rehypothecation
N/A
(960,000)


Ordinary