• Successful completion of NZ$1M capital raise by Locate NZ
• Part of proposed transition to NZX main board listing
• Offer well supported by new and existing investors

Locate Technologies Limited ('Locate Technologies' or 'the Company') has announced the successful completion of a capital raise by Locate Technologies Limited, the New Zealand incorporated entity that is intended to become the listed holding company under the proposed Scheme of Arrangement announced on 12 September 2025 ('Locate NZ'). This capital raise forms part of the Company's proposed transition to the main board financial market operated by the New Zealand Exchange ('NZX') and the proposed listing of Locate NZ on the NZX. The general component of the PDS Offer closed on 24 November 2025, raising NZ$1 million. The offer was well supported by both new and existing investors, reflecting strong confidence in Locate's strategy and future growth plans. The offer price was NZ$0.075 per share, based on the one-month VWAP of Locate Technologies shares to 10 September 2025 and converted into New Zealand dollars. Subject to shareholders voting to approve the Scheme of Arrangement at the Scheme Meeting scheduled for 10:00am (Sydney time) on 1 December 2025, Locate NZ is expected to list on the NZX on 3 December 2025, under the ticker code of 'LOC'.

CEO Steve Orenstein said: 'We are excited about the upcoming NZX listing on 3 December, which we see as an important milestone for the Company. Establishing Locate in New Zealand aligns strongly with our long-term strategy, supporting the growth of our logistics technology platform while providing an opportunity to build a meaningful Bitcoin treasury. We believe this positions us well for future expansion and long-term value creation.'