IKEGPS GROUP LIMITED — Capital/Financing Update 2018

Aug 23, 2018

Market Announcement

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24 August 2018

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IKEGPS Group Limited (ASX: IKE) – Trading Halt

Description

The securities of IKEGPS Group Limited (‘IKE’) will be placed in trading halt at the request of IKE, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 28 August 2018 or when the announcement is released to the market.

Issued by

Kate Kidson

Principal Adviser, Listings Compliance (Melbourne)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

24 August 2018 ASX Limited

24 August 2018

NZX Limited Issuer Regulation Level 1, NZX Centre 11 Cable Street Wellington

ASX Limited 20 Bridge Street Sydney New South Wales 2000 Australia

NOT FOR RELEASE

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REQUEST FOR TRADING HALT - IKEGPS GROUP LIMITED (NZX CODE IKE) (ASX CODE IKE)

ikeGPS Group Limited (NZX:IKE) (ASX: IKE) requests that a trading halt be placed on its securities listed on the NZX Main Board and ASX effective prior to the commencement of trading on Friday 24 August 2018.

This request is made pursuant to NZX Main Board / Debt Market Listing Rule 5.4.1(a) and ASX Listing Rule 17.1, and ikeGPS advises the following information in support of this request:

• (a) IKE has received firm expressions of interest from institutional investors to invest in IKE by way of subscription for ordinary shares. IKE intends to effect a placement under NZX Main Board / Debt Market Listing Rule 7.3.5 to issue up to [$4 million] of ordinary shares to those institutional investors (Placement). IKE has entered into a Placement and Underwriting Agreement with Forsyth Barr Limited ( FBL ) and Forsyth Barr Group Limited ( FBGL ) this morning.

• (b) IKE has released a notice under clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 for the purposes of undertaking the Placement.

• (c) IKE considers that a trading halt is desirable to enable IKE to allow time for FBGL and IKE to complete the placement and determine the allocation of shares. IKE considers that, but for the halt, the placement would impact a fair, orderly or transparent market as information about the placement prices and allocation may be known by some market participants and not others, so the market would not be trading on a fully informed basis.

• (d) FBL, as the Lead Manager, is subject to confidentiality, and will assist IKE to conduct the institutional placement over the course of the day.

• (e) IKE is not aware of any reason why the trading halt should not be granted.

100332580/3618896

• (f) IKE is not aware of any other information necessary to inform the market about the trading halt.

• (g) IKE would like the trading halt to commence immediately today and be lifted upon the announcement of the completion of the capital raising. IKE expects the placement to be completed before, or shortly after, market close today and anticipates the completion announcement to be released by no later than before market open on 27 August 2018.

Yours sincerely

Chris Birkett Chief Financial Officer ikeGPS Group Limited

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