SECISSUE: SKO: Capital Change Notice - Ordinary Shares

CAPITAL CHANGE NOTICE

	Section 1: Issuer information
Name of issuer	Serko Limited ("Serko")
NZX ticker code	SKO
Class of financial product	Ordinary shares in Serko Limited
ISIN	NZSKOE0001S7
Currency	NZD
	Section 2: Capital change details
	Number of issuances to which this notice relates			1
	Number issued/acquired/redeemed			68,737 ordinary shares
	Nominal value (if any)			N/A
	Issue/acquisition/redemption price per security			N/A
	Nature of the payment (for example, cash or other			No cash consideration was required to be paid for the
	consideration)			restricted share units to vest. Non-cash consideration
				is provided in the form of services rendered and to be
				rendered by the holders as employees of Serko.
	Amount paid up (if not in full)			Fully paid
	Percentage of total class of Financial Products			0.064% (to 3dp) of the ordinary shares on issue pre-
	issued/acquired/redeemed/ (calculated on the number of			vesting.
	Financial Products of the Class, excluding any Treasury Stock,
	in existence)1
	For an issue of Convertible Financial Products or Options, the			N/A
	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)
	Reason for issue/acquisition/redemption and specific			Vesting of	68,737	restricted share units under the
	authority for issue/acquisition/redemption/ (the reason for			Serko 2019 Long Term Incentive Scheme
	change must be identified here)
	Total number of Financial Products of the Class after the			107,990,497 ordinary shares on issue
	issue/acquisition/redemption/Conversion (excluding Treasury
	Stock) and the total number of Financial Products of the			There are also 167,674 unlisted options outstanding,
	Class held as Treasury Stock after the
			taking into account all forfeited options to date.
	issue/acquisition/redemption.
			There are also 1,346,442 unlisted restricted share
				units outstanding, taking into account all forfeited
				restricted share units to date.
	In the case of an acquisition of shares, whether those shares			N/A
	are to be held as treasury stock
	Specific authority for the issue, acquisition, or redemption,			Directors' resolution, Listing Rule 4.6
	including a reference to the rule pursuant to which the issue,
	acquisition, or redemption is made

• The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or redemption (for	The ordinary shares issued rank pari passu with the
example: restrictions, escrow arrangements)	existing ordinary shares
Date of issue/acquisition/redemption	31 May 2021
Section 3:	Authorityfor this announcement and contact person
Name of person authorised to make this announcement	Sarah Miller
Contact person for this announcement	Sarah Miller, General Counsel
Contact phone number	[phone]
Contact email address	[e-mail]
Date of release through MAP	1 June 2021

Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand

PO Box 47-638, Ponsonby, T: [phone], F: [phone], [e-mail]

Incorporated in New Zealand ARBN 611 613 980