ikeGPS Capital Change notice

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:8,333,333 Nominal value (if any): N/A Issue/acquisition/redemption price per security: $0.60 Nature of the payment (for example, cash or other consideration): Paid in Cash Amount paid up (if not in full):$5,000,000.00 Paid in full Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence): 9.21% For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date): N/A Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here): The proceeds of the placement will be used to fund the acquisition of certain assets of Powerline Technology Inc (as announced to the market on 27 September 2019) and provide further working capital to implement IKE's growth strategy. Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption: 98,814,638 In the case of an acquisition of shares, whether those shares are to be held as treasury stock: N/A Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made: Directors' resolution dated 26 September 2019 for issue under Listing Rule 4.5.1 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements): The shares were issued with identical rights, privileges, limitations and conditions as, and rank equally with, the existing ordinary shares. Date of issue/acquisition/redemption: 2 October 2019 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement: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 02/10/2019 End CA:00342060 For:IKE Type:SECISSUE Time:2019-10-02 14:28:04