SPH Notice – Douglas Irrevocable Descendants Trust

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX and To ikeGPS Group Limited Date this disclosure made: 31 August 2018 Date on which substantial holding began: 29 August 2018 Name(s): Douglas Irrevocable Descendants Trust; Douglas Family Trust; K&M Douglas Trust. Summary of substantial holding Class of quoted voting products: ordinary shares Summary for Name(s): Douglas Irrevocable Descendants Trust; Douglas Family Trust; K&M Douglas Trust. For this disclosure,-- (a) total number held in class: 5,291,864 (b) total in class: 88,065,639 (c) total percentage held in class: 6.0% Details of relevant interests Details for Douglas Irrevocable Descendants Trust; Douglas Family Trust; K&M Douglas Trust. Nature of relevant interest(s): registered holder and beneficial owner of financial products. For that relevant interest,-- (a) number held in class: 5,291,864 (b) percentage held in class: 6.0% (c) current registered holder(s) prior to transfers: NA (d) registered holder(s) once transfers are registered: Douglas Irrevocable Descendants Trust; Douglas Family Trust; K&M Douglas Trust. 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 Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: Acquisition of 1,375,000 Shares at a placement share price of $0.52 per Share for total consideration of $715,000 by way of allotment pursuant to IKE's placement announced on 24 August 2018. Additional information Address(es) of substantial product holder(s): Contact details: C/o Douglas Telecommunications, Inc. 125 E. Sir Francis Drake Blvd. Suite 400 Larkspur, CA 94939 USA Contact details: John Terence Andrews, 04 495 8181, john.andrews@forsythbarr.co.nz *Nature of connection between substantial product holders: Entities / companies Douglas Family 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, John Terence Andrews, 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:00323123 For:IKE Type:SHINTR Time:2018-08-31 09:26:27