IKEGPS GROUP LIMITED — Capital/Financing Update 2020

Jul 27, 2020

Market Announcement

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28 July 2020

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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 about the outcome of the institutional component of the accelerated entitlement offer. Unless ASX decides otherwise, the securities will remain in trading halt until the commencement of normal trading on Thursday 30 July 2020.

Issued by

Dean Litis

Principal Adviser, Listings Compliance (Melbourne)

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

28 July 2020 ASX Limited

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28 July 2020 NZX Regulation 11 Cable Street Wellington, New Zealand

ASX Limited 525 Collins Street Melbourne VIC 3000, Australia

by email

REQUEST FOR TRADING HALT ON SHARES IN IKEGPS GROUP LIMITED (ASX/NZX: IKE)

ikeGPS Group Limited (NZX/ASX: IKE) ( IKE ) is proposing to raise up to NZ$19.7 million of new capital by way of an accelerated pro rata entitlement offer (the Rights Offer ) together with a placement (the Placement , and together with the institutional component of the Rights Offer, the Institutional Offers ) to be conducted by Bell Potter Securities Limited (the Lead Manager ) and Forsyth Barr Limited (the Co-Manager ). The Rights Offer is underwritten by the Lead Manager.

IKE requests that a trading halt be placed on IKE’s ordinary shares (ISIN: NZIKEE0001S9) under NZX Listing Rule 9.9.1 and ASX Listing Rule 17.1, prior to 10:00am on Tuesday 28 July 2020 until the earlier of market open on Thursday 30 July 2020, or an announcement by IKE stating the outcomes of the Institutional Offers (which IKE expects to be able to make before market open on Thursday 30 July) (the Trading Halt ).

IKE advises the following information in respect of this request for the Trading Halt:

• IKE considers that the Trading Halt is desirable to enable the Lead Manager, CoManager and IKE to conduct the Institutional Offers and determine the allocation of shares. IKE considers that, but for the Trading Halt, the process of conducting the Institutional Offers would impact on a fair, orderly or transparent market as information about the Institutional Offers or take up by investors may be known by some market participants and not others, so the market would not be trading on a fully informed basis.

• As soon as the Institutional Offers, and the allocation of shares, are completed, IKE will be in a position to release details of the results of the Institutional Offers to the market. IKE believes that such information will be price-sensitive.

• The Lead Manager and Co-Manager are subject to confidentiality obligations.

IKE suggests the following statement for inclusion in any market memorandum for the Trading Halt:

Further to the announcement released by ikeGPS Group Limited (“IKE”) today at [●], NZX Regulation (“NZXR”) advises that IKE ordinary shares will remain in halt until the earlier of an announcement by the issuer stating the outcome of the placement

and the institutional component of the accelerated entitlement offer or market open on the NZX on Thursday 30 July 2020.

IKE is not aware of any reason why the Trading Halt should not be granted or of any other information necessary to inform the market about the Trading Halt.

Please contact me if you have any concerns or queries.

Yours faithfully

Chris Birkett Chief Financial Officer ikeGPS Group Limited

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