• IKE proposes A$18 million fully underwritten equity placement
• Placement to be followed by A$2 million non-underwritten share purchase plan
• Trading halt requested to enable Placement bookbuild and allocation

IKE has requested a trading halt to enable the company to undertake a fully underwritten equity placement of approximately A$18 million (approximately NZ$19.6 million) to institutional and other select investors. IKE has engaged Shaw and Partners Limited and Unified Capital Partners Pty Ltd as underwriters and to assist with the Placement bookbuild. The trading halt will also allow IKE to determine the allocation of shares under the Placement. Following the Placement, IKE proposes to undertake a non-underwritten share purchase plan of approximately A$2 million (approximately NZ$2.2 million). IKE believes the trading halt is necessary to ensure a fair, orderly and transparent market, as information about the Placement or take up by investors may be known by some market participants and not others. The trading halt will commence from the start of trading on 10 July 2025 and be lifted at the earlier of the announcement of the Placement completion and the commencement of trading on 14 July 2025.