Notification of Issue of Additional Unlisted Options

January 14, 2018


Client Market Services
NZX Limited
WELLINGTON

By NZ MAP


NZSX/NZDX - NOTICE PURSUANT TO LISTING RULE 7.12.1

For the purpose of Listing Rule 7.12.1, ikeGPS Group Limited (NZX: IKE) advises the
following unlisted options have been issued to directors and employees of IKE or its
subsidiaries.



a Class of Security

ISIN
Unlisted options

N/A
b Number issued 250,000
c Nominal value

Issue price
N/A

Nil on issue.
d Payment in Cash N/A

Full payment on exercise
e Amount paid up N/A

f Principal terms of the
Securities
The options have an exercise price which is set out in
the appendix.
The terms of each Option are as set out in the
ikeGPS Group Limited Employee Option Scheme
Rules and the offer letter sent to the non-executive
director.

The options to be granted shall become exercisable in
four equal quarterly tranches split over the first 12
months following the date the Options are granted.

The options are exercisable until 31 December 2021.

Any share to be issued on the exercise of any of the
Options will be issued on the same terms and will rank
equally in all respects with the ordinary shares in the
Company currently on issue.

The options are no longer exercisable on the first of (i)
the termination of the option holders’ service or (ii) its
termination in connection with a change of control in
the company or (iii) after 31 December 2021.
g Percentage of class
of securities
100% (if these options were exercised on the date of
this notice, the number of ordinary shares that would
be issued would constitute 0.28% of the ordinary
shares then on issue).
h Reason for issue Issue of unlisted options under the IKE Employee
Option Scheme effective from June 2014, to retain
and reward executive and non-executive directors
and to motivate such individuals to contribute to the
growth and profitability of IKE.
i Authority for issue Board resolution 20 December 2018
j Terms of issue See principal terms above
k Total both vested
and unvested
number of securities
on issue, after issue
3,700,000 unlisted options

Total ordinary shares on issue 90,469,567
l Treasury stock N/A
m Date of issue 1 January 2019


Contacts:

ikeGPS
Glenn Milnes

Chief Executive Officer
Contact: +1 720-418-1936, glenn.milnes@ikegps.com





APPENDIX

Effective grant
date
Vesting date
(equal 4 quarters)
from
Number issued Exercise price Exercise by date
1/01/2019 1/01/2019 250,000 64c 31/12/2021