• Locate Technologies to transition listing to New Zealand Exchange (NZX)
• Completed NZ$1 million capital raise via product disclosure statement (PDS) offer
• Indicative capital structure of Locate NZ post-implementation of scheme

Locate Technologies Limited (ASX: LOC) ('Locate Technologies' or the 'Company') has provided an update on its proposed 'top hat' arrangement with a New Zealand incorporated company ('Locate NZ'), under which the Company intends to transition its listing to the main board financial market of the New Zealand Exchange ('NZX'). As previously announced, this transaction will be implemented by way of a scheme of arrangement between Locate Technologies and its shareholders ('LOC Shareholders') under Part 5.1 of the Corporations Act 2001 (Cth). Following Court approval at the second court hearing, the Scheme will be implemented in accordance with the Scheme Booklet. Locate NZ conducted an offer of new ordinary shares to raise a minimum of NZ$1,000,000 in the general component of the offer made under a product disclosure statement (the 'PDS Offer'). The offer price under this component of the PDS Offer was NZ$0.075 per share, based on the one-month VWAP of Locate Shares to 10 September 2025 of A$0.068, converted to New Zealand dollars at an exchange rate of A$1.00 = NZ$1.11. This component of the PDS Offer closed on 24 November 2025 and raised a total of NZ$1,000,000, resulting in the issue of 13,333,333 new ordinary shares in Locate NZ as at the Implementation Date. The revised capital structure of Locate NZ as at the Implementation Date is also provided in the announcement.