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Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX and To IKEGPS Group Limited Relevant event being disclosed: A movement of 1% or more in the substantial holding. Date of relevant event: 04 October 2017 Date this disclosure made: 05 October 2017 Date last disclosure made: 14 September 2017 Substantial product holder(s) giving disclosure Full name(s): National Nominees Ltd ACF Australian Ethical Investment Limited (ABN 47 003 188 930) Summary of substantial holding Class of quoted voting products: Ordinary Shares (IKE) Summary for IKEGPS Group Limited For this disclosure,-- (a) total number held in class: 3,996,302 (b) total in class: 78,450,255 (c) total percentage held in class: 5.09% For last disclosure,-- (a) total number held in class: 4,806,702 (b) total in class: 77,115,739 (c) total percentage held in class: 6.23% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: Multiple on market transactions reduced the ownership of IKEGPS Group Limited by more than 1% (See attachment) Details after relevant event Details for National Nominees Ltd ACF Australian Ethical Investment Limited Nature of relevant interest(s): National Nominees Ltd ACF Australian Ethical Investment Limited is the registered holder and the beneficial owner of the ordinary shares. Please note that National Nominees Ltd is the custodian of registered managed investment schemes of which Australian Ethical Investment Limited is the Responsible entity. For that relevant interest,-- (a) number held in class: 3,996,302 (b) percentage held in class: 5.09% (c) current registered holder(s): no change since last disclosure (d) registered holder(s) once transfers are registered: N/A For a derivative relevant interest, also-- (a) type of derivative: N/A (b) details of derivative: N/A (c) parties to the derivative: N/A (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Additional information Address(es) of substantial product holder(s): ): National Nominees Ltd, Level 12, 500 Bourke Street, Melbourne VIC 3000 Contact details: Tracey Meadows, Team Leader - Senior Fund Accountant, Australian Ethical Investment Limited +61 2 8276 6213 and tmeadows@australianethical.com.au Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A Certification I, Tom May, Company Secretary, Australian Ethical Investment Limited, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00308339 For:IKE Type:SHINTR Time:2017-10-06 08:37:32