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:126,007 Nominal value (if any): N/A Issue/acquisition/redemption price per security:$0.73, $0.70 $0.80 & $0.81 (Being the volume weighted average price used to calculate the net settlement amount) Nature of the payment (for example, cash or other consideration): Net settlement of unlisted share options. Amount paid up (if not in full):N/A 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): 0.12% 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) Exercise date: Between 3 March 2020 & 11 March 2020 Exercise price: $0.40 Net settlement of 252,087 unlisted options. Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here): Net settlement of options under ikeGPS Group Limited's employee share option plan 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: 102,169,048 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 5 September 2017 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 : 16 March 2020 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: 16/3/2020 End CA:00350016 For:IKE Type:SECISSUE Time:2020-03-16 15:40:45