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Investor Presentaiton

. TRANSACTION ANALYSIS - AUSTRALASIA Travel volumes have recovered from a low in April 2020 of 11% to 73% as of March 2021. This has further improved in April 2021 to 84%. New Zealand total bookings for March 2021 was 149% and 158% for April 2021 Australian total bookings for March 2021 was 62% and 72% for April 2021 150% 100% 50% 0% Apr 2020 Australasia Transactions as % of Prior Year* Mar 2021 New Zealand TMCs Total Australasian Transactions Australian TMCS *As of March 2021, Serko has begun benchmarking current transaction volumes to 2019 volumes (in addition to 2020 volumes) as we believe this provides a more meaningful indication of the resumption of travel by business travellers. This is as a result of Covid-19-related travel restrictions beginning to materially impact Serko's transaction volumes from mid-March 2020. For completeness, total Australasian transaction volumes exceeded 131% of March 2020 volumes (NZ: 211%, AUS: 116%), when Covid-19-related border closures started materially impacting Serko's transaction bookings. serko
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