Capital Change Notice – Share Purchase Plan

Section 1: Issuer information Name of issuer Geo Limited NZX ticker code GEO Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZGEOE0001S5 Currency NZD Section 2: Capital change details Number issued/acquired/redeemed 7,692,300 Nominal value (if any) N/A Issue/acquisition/redemption price per security $0.065 Nature of the payment (for example, cash or other consideration) Cash 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) 7.74% 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) Settlement of Share Purchase Plan per announcement to NZX on 10 November 2020 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. 107,054,424 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 Listing Rule 4.3, and Directors resolution dated 9 December 2020 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) N/A Date of issue/acquisition/redemption 9/12/20 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Ross O'Neill Contact person for this announcement Ross O'Neill Contact phone number 021 424829 Contact email address Ross.o@geoop.com Date of release through MAP 9/12/20 End CA:00364675 For:GEO Type:CORPACT Time:2020-12-09 08:56:58