ikeGPS Group Limited — Share Issue/Capital Change 2021

Nov 3, 2021

Capital Change Notice

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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	790,771
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$0.60 NZD
Nature of the payment (for example, cash or otherconsideration)	Acquisition of certain assets in PowerLineTechnology Inc (see market release 27September 2019).
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	0.50%
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)	N/A
Reason for issue/acquisition/redemption andspecific authority for issue/acquisition/redemption/(the reason for change must be identified here)	The issue is part of the acquisition price forcertain assets of PowerLine Technology Incas per the asset purchase agreemententered into and disclosed to the market on27 September 2019.The allotment is made up of:1. the third of three tranches ofUSD$250,000 (NZD$348,870) of IKEordinary shares at NZD$0.60.2. the second tranche of deferredconsideration of USD$90,000(NZD$125,593) of IKE ordinary sharesat NZD$0.60.
Total number of Financial Products of the Classafter the issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total number	159,074,137

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

of Financial Products of the Class held asTreasury Stock after theissue/acquisition/redemption.
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 rulepursuant to which the issue, acquisition, orredemption is made	Directors’ resolution dated 26 September2019
Terms or details of the issue, acquisition, orredemption (for example: restrictions, escrowarrangements)	The shares were issued with identicalrights, privileges, limitations, and conditionsas, and rank equally with, the existingordinary shares.
Date of issue/acquisition/redemption2	3 November 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make thisannouncement	Stephen Fairbrother
Contact person for this announcement	Stephen Fairbrother
Contact phone number	+64 4 382 8064
Contact email address	stephen.fairbrother@ikegps.com
Date of release through MAP	3 November 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).