ikeGPS SPP Completion Announcement

• ikeGPS Group Limited (IKE) successfully completed a A$2.0 million (NZ$2.2 million) non-underwritten share purchase plan (SPP)
• The SPP was strongly supported by eligible shareholders, with IKE receiving valid applications totalling approximately A$8.27 million (NZ$9.00 million)
• IKE has elected to increase the size of the SPP to accept all valid applications, resulting in a total amount raised of approximately A$8.27 million (NZ$9.0 million)

ikeGPS Group Limited (IKE) is pleased to announce that its up to A$2.0 million (approximately NZ$2.2 million) non-underwritten share purchase plan (SPP) has closed substantially oversubscribed. The SPP was strongly supported by eligible shareholders, with IKE receiving valid applications totalling approximately A$8.27 million (approximately NZ$9.00 million). In recognition of the support from eligible shareholders, IKE has elected to increase the size of the SPP to accept all valid applications (up to the maximum application amount). This will result in IKE accepting an additional approximately A$6.27 million (approximately NZ$6.8 million) of subscriptions, bringing the total amount raised under the SPP to approximately A$8.27 million (approximately NZ$9.0 million). A total of approximately 10.22 million new fully paid IKE ordinary shares will be issued under the SPP at the issue price of A$0.81 or NZ$0.88 per share. IKE's Chief Executive Officer & Managing Director, Glenn Milnes, commented that the company is extremely pleased by the level of support received from its existing shareholders for the SPP, which places IKE in a strong position to execute on its accelerated growth plans.