ikeGPS Group Limited — Capital/Financing Update 2017

Sep 29, 2017

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Corporate Headquarters Level One, 42 Adelaide Rd Wellington 6021, New Zealand Office: +64 4 382 8064 Fax: +64 4 382 8205 www.ikegps.com

Market Release

29 September 2017

ikeGPS SHARE PURCHASE PLAN CLOSES – ALLOTMENT OF SHARES

ikeGPS Group Limited (NZX: IKE) (ASX: IKE) announces the completion of its Share Purchase Plan ( SPP ), which opened on 31 August 2017 and closed on 22 September 2017. IKE is pleased to advise that it has today allotted a total of 1,334,516 new ordinary shares under the SPP, raising NZ$387,000 in capital.

Following the completion of an oversubscribed NZ$3.725 million placement ( Placement ) of new ordinary shares to investors in August, IKE offered existing New Zealand shareholders the opportunity to subscribe for new ordinary shares at the same NZ$0.29 price paid by investors under the Placement through the SPP offer.

IKE Chairman, Rick Christie said “We are pleased to have successfully closed this capital raising to institutional investors and the SPP to existing shareholders. This working capital funding will support the growth plans of IKE addressing the U.S. electric utility market and the global signage and AEC markets.”

In accordance with Listing Rule 7.12.1, particulars of the share allotments that have occurred are set out below. Additionally, in accordance with ASX Listing Rules, an Appendix 3B announcement is attached to this announcement.

– ENDS –

About IKE

IKE is changing the way the world is measured, utilizing its smart laser measurement solutions and cloud software to capture, record, and manage asset information. Thousands of businesses rely on IKE’s products every day to modernize the way asset measurements are taken and managed. IKE’s product portfolio includes IKE4 for the electric utility & communications industry, Spike for the signage, AEC and geospatial industry and the Stanley Smart Measure Pro for the construction industry.

Contact:

Glenn Milnes, CEO & Managing Director +1 720-418-1936 glenn.milnes@ikegps.com

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For the purposes of Listing Rule 7.12.7, ikeGPS Group Limited advises the following securities have been issued on 29 September 2017:

a	Class of security	Ordinary shares
	ISIN	NZIKEE0001S9
b	Number issued	1,334,516
c	Nominal value	N/A
	Issue Price	$0.29 per ordinary share
d	Payment terms	Payable in cash
e	Amount paid up	Fully paid ordinary shares
f	Principal terms of the	The shares have identical rights, privileges, limitations and
	securities	conditions as, and rank equally with, the existing ordinary
		shares
f	Percentage of class of	1.73%
	securities
g	Reason for issue	Allotment upon settlement of Share Purchase Plan (capitalraising)
h	Authority for issue	Board resolution dated 5 September 2017.
i	Terms of issue	The shares were issued with identical rights, privileges,
		limitations and conditions as, and rank equally with, the
		existing ordinary shares
j	Number of securities of theclass in existence after issue	78,450,255
k	Treasury stock	N/A