ikeGPS Group Limited — Share Issue/Capital Change 2021

Mar 10, 2021

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Capital Change Notice

Section 1: Issuer information
Name of issuer	ikeGPS Group Limited
NZX ticker code	IKE
Class of financial product	Ordinary shares
ISIN (If unknown, check on NZX website)	NZIKEE0001S9
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	208,933
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$1.03 & $0.99 for unlisted share options netsettled (being the volume weighted averageprice used to calculate the net settlementamount).
Nature of the payment (for example, cash or otherconsideration)	Net settlement of unlisted share options
Amount paid up (if not in full)	N/A
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on thenumber of Financial Products of the Class,excluding any Treasury Stock, in existence)1	0.16%
For an issue of Convertible Financial Products orOptions, the principal terms of Conversion (forexample the Conversion price and Conversiondate and the ranking of the Financial Product inrelation to other Classes of Financial Product) orthe Option (for example, the exercise price andexercise date)	Exercise date: 1/03/2021 & 5/03/21Exercise price: $0.54Net settlement of 450,000 unlisted shareoptions.
Reason for issue/acquisition/redemption andspecific authority for issue/acquisition/redemption/(the reason for change must be identified here)	Net settlement of options under ikeGPSGroup Limited’s employee share optionplan
Total number of Financial Products of the Classafter the issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total numberof Financial Products of the Class held asTreasury Stock after theissue/acquisition/redemption.	133,140,763
In the case of an acquisition of shares, whetherthose shares are to be held as treasury stock	N/A
Specific authority for the issue, acquisition, orredemption, including a reference to the rule	Directors’ resolution dated 11 September2018

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

pursuant to which the issue, acquisition, orredemption is made	pursuant to which the issue, acquisition, orredemption is made	pursuant to which the issue, acquisition, orredemption is made	pursuant to which the issue, acquisition, orredemption is made	pursuant to which the issue, acquisition, orredemption is made
			, q	,
	dem	ption is made
Trea	erms	or details of t	he issue, acqu	isition, orns, escrow	The shares were issued withrights, privileges, limitations,	identica	lditionsg
	dem	ption (for exam	ple: restrictio			and con
	rrang	ements)			as, and rank equally with, theordinary shares.	existin
D	ate o	f issue/acquis	ition/redemptio	n2	10 March 2021
S
	ectio	n 3: Authorit	y for this ann	ouncement and contact person
Na	ame	of person auth	orised to mak	e this	Chris Birkett
	nnou	ncement
C				ent	Chris Birkett
	ontac	t person for th	is announcem
Contact phone number					+64 4 382 8064
Contact email address					Chris.birkett@ikegps.com
Date of release through MAP					10 March 2021

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).