IKEGPS GROUP LIMITED — Share Issue/Capital Change 2017

Oct 3, 2017

October 4, 2017

Client Market Services NZX Limited WELLINGTON

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By NZ MAP

NZSX/NZDX - NOTICE PURSUANT TO LISTING RULE 7.12.1

For the purpose of Listing Rule 7.12.1, ikeGPS Group Limited (NZX: IKE) advises the following unlisted options have been issued to employees of IKE or its subsidiaries.

a Class of Security Unlisted options ISIN N/A b Number issued 600,000 c Nominal value N/A Issue price Nil on issue. d Payment in Cash N/A Full payment on exercise

• e Amount paid up N/A f Principal terms of the The options have an exercise price which is set out in Securities the appendix

The options are exercisable from the effective date of grant (the first vesting date), until 31 March 2020 (for 400,000) and after 30 June 2020 (200,000).

The options are no longer exercisable on the first of (i) the termination of the option holders’ service or (ii) its termination in connection with a change of control in the company or (iii) after 31 March 2020 (for 400,000) and after 30 June 2020 (for 200,000).

Otherwise the options have the same essential terms set out in section 8.4 of IKE’s IPO Investment Statement dated 23 June 2014

• g Percentage of class of 100% (if these options were exercised on the date of securities this notice, the number of ordinary shares that would be issued would constitute 0.76% of the ordinary shares then on issue).

• h Reason for issue Issue of unlisted options under the IKE Employee Option Scheme effective from June 2014, to retain and reward employees and to motivate such individuals to contribute to the growth and profitability of IKE

• i Authority for issue Board resolution September 5, 2017

• j Terms of issue

  • See principal terms above

• k Total both vested and 79,050,255 listed ordinary shares unvested number of securities on issue, after 3,085,000 unlisted options in total, of the classes set issue out in the appendix

• l Treasury stock

  • N/A

• m Date of issue 04 October 2017

Contacts:

ikeGPS Glenn Milnes

Chief Executive Officer Contact: +1 720-418-1936, glenn.milnes@ikegps.com

APPENDIX

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