IKEGPS GROUP LIMITED — Share Issue/Capital Change 2019

Dec 2, 2019

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Capital Change Notice

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	649,014
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$0.60
Nature of the payment (for example, cash or otherconsideration)	Acquisition of certain assets in PowerLineTechnology Inc
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	0.64%
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)	Issue is part of the acquisition price forcertain assets of PowerLine TechnologyInc, as previously disclosed to the marketon 27 September 2019.The allotment is the first of three tranchesof USD$250,000 (NZD$389,408) of IKEshares at NZD$0.60.
Total number of Financial Products of the Classafter the issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total numberof Financial Products of the Class held asTreasury Stock after theissue/acquisition/redemption.	101,963,652
In the case of an acquisition of shares, whetherthose shares are to be held as treasury stock	N/A

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

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 December 2019
Section 3: Authority for this announcement and contact person
Name of person authorised to make thisannouncement	Chris Birkett
Contact person for this announcement	Chris Birkett
Contact phone number	+64 4 382 8064
Contact email address	Chris.birkett@ikegps.com
Date of release through MAP	3/12/2019

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).