IKEGPS GROUP LIMITED — Share Issue/Capital Change 2025

Mar 4, 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 40,130Nominal value (if any) N/AIssue/acquisition/redemption price per security $ 0.82Nature of the payment (for example, cash or other Net Settlement of Unlisted Share Optionsconsideration)Amount paid up (if not in full) N/APercentage of total class of Financial Products 0.025%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 N/AOptions, the principal terms of Conversion (for examplethe 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 Exercise Date: 20 Feb 2025 to 26 Feb 2025authority for issue/acquisition/redemption/ (the reason Exercise Price: $0.475, $0.51, $0.75for change must be identified here) Net Settlement of 161,245 unlisted share optionsTotal number of Financial Products of the Class after 160,789,867the 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 2019,redemption, including a reference to the rule pursuant 9 December 2020, and 10 July 2024to 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] 04/03/2025Section 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 05/03/2024----- 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).