Capital Change Announcement - Senior Management LTI Scheme

Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) currently operates a senior management long-term incentive scheme (Senior Management LTI Scheme) under which each participating executive (including the CEO) is offered “performance rights”, with each performance right representing a right to receive one ordinary share in Gentrack once the applicable vesting conditions have been satisfied. In 2021, shareholders approved the issue of three tranches of performance rights to the CEO, Gary Miles, with a tranche granted in 2021 and the final tranche granted in October 2022. There was an award to members of the Executive Leadership Team (ELT) approved in October 2021 and an award to members of the ELT and the CEO approved in October 2023. Gentrack advises that 3,454,082 ordinary shares have been issued to the ELT and Gary Miles upon vesting of these awards of performance rights under the Senior Management LTI Scheme.