IKEGPS GROUP LIMITED — Capital/Financing Update 2025

Mar 27, 2025

Template Capital Change Notice

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Updated as at February 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular element does not apply, mark the row as N/A. Any other changes to this prescribed form must first be approved by NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information

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----- Start of picture text ----- Name of issuer ikeGPS Group LimitedNZX ticker code IKEClass of financial product Ordinary SharesISIN (If unknown, check on NZX website) NZIKEE0001S9Currency NZDSection 2: Capital change detailsNumber issued/acquired/redeemed 272,825Nominal value (if any) N/AIssue/acquisition/redemption price per security $ 0.81Nature of the payment (for example, cash or other Full Settlement for Cash, and Net Settlementconsideration) of Unlisted Share OptionsAmount paid up (if not in full) N/APercentage of total class of Financial Products 0.17%issued/acquired/redeemed/ (calculated on the numberof Financial Products of the Class, excluding anyTreasury Stock, in existence) [1]For an issue of Convertible Financial Products or Exercise Date: 19 March 2025Options, the principal terms of Conversion (for example Exercise Price: $0.51the Conversion price and Conversion date and theranking of the Financial Product in relation to otherClasses of Financial Product) or the Option (forexample, the exercise price and exercise date)Reason for issue/acquisition/redemption and specific Full Settlement of 50,000 optionsauthority for issue/acquisition/redemption/ (the reason Net Settlement of 925,001 unlisted share optionsfor change must be identified here)Total number of Financial Products of the Class after 161,062,692the issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total number ofFinancial Products of the Class held as Treasury Stockafter the issue/acquisition/redemption.In the case of an acquisition of shares, whether those N/Ashares are to be held as treasury stock----- End of picture text -----

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

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----- Start of picture text ----- Specific authority for the issue, acquisition, or Directors’ Resolutions dated 21 August 2019redemption, including a reference to the rule pursuantto which the issue, acquisition, or redemption is madeTerms or details of the issue, acquisition, or redemption The shares were issued with identical rights,(for example: restrictions, escrow arrangements) privileges, limitations, and conditions as, andrank equally with, the existing ordinaryshares.Date of issue/acquisition/redemption [2] 28/03/2025Section 3: Disclosure required for Placements made under Rule 4.5.1[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Dats of the issuance.Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]Details of the approach in identifying investors whowere able to participate in the offer and how theirrespective allocations in the offer were determined.The explanation must set out the key objectives andN/Acriteria the Issuer adopted in the allocation process,whether one of those objectives was a best effort toallocate on a pro rata basis to existing holders of theIssuer’s Equity Securities, and any significant exceptionsor deviations from those objectives and criteria.Section 4: Authority for this announcement and contact personName of person authorised to make this announcement James MacdonaldContact person for this announcement James MacdonaldContact phone number +64 4 382 8064Contact email address james.macdonald@ikegps.comDate of release through MAP 28/03/2025----- End of picture text -----

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).