SPH Notice – Douglas Irrevocable Descendants Trust

Disclosure of movement of 1% or more in substantial holding
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX and
To ikeGPS Group Limited
Relevant event being disclosed: Movement of 1% or more.
Date of relevant event: 15 February 2023
Date this disclosure made: 23 February 2023
Date last disclosure made: 3 September 2021
Full name(s): Douglas Irrevocable Descendants Trust; Administrative Trust under the Douglas
Family Trust; K&M Douglas Trust
Class of quoted voting products: Ordinary Shares
Summary for Douglas Irrevocable Descendants Trust; Administrative Trust under the Douglas
Family Trust; K&M Douglas Trust
For this disclosure,—
 (a) total number held in class: 9,766,922
 (b) total in class: 159,731,745
 (c) total percentage held in class: 6.11%
For last disclosure,—
 (a) total number held in class: 13,776,922
 (b) total in class: 158,283,366
 (c) total percentage held in class: 8.7%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Reduction of 1% or more in substantial
holding of shares in IKE since the last substantial product holder notice. Substantial product holder
has decreased the number of shares held by way of sale by, in aggregate, 4,000,000 Shares through
an on market sale, as set out below:
On 15
th
February 22, 2023 Douglas Irrevocable Descendants Trust; Administrative Trust under the
Douglas Family Trust; K&M Douglas Trust sold on-market 4,000,000 shares of ikeGPS Group limited
for $3,600,000
Details of the transactions or other events requiring disclosure: None

Details after relevant event
Details for Douglas Irrevocable Descendants Trust; Administrative Trust under the Douglas Family
Trust; K&M Douglas Trust
Nature of relevant interest(s): registered holder and beneficial owner of financial
products. No relevant agreement document need be attached under regulation
139.
For that relevant interest,
 (a) number held in class: 9,766,922
 (b) percentage held in class: 6.11%
 (c) current registered holder(s): Douglas Irrevocable Descendants Trust;
Administrative Trust under the Douglas Family Trust; K&M Douglas Trust
 (d) registered holder(s) Douglas Irrevocable Descendants Trust; Administrative Trust
under the Douglas Family Trust; K&M Douglas Trust
For a derivative relevant interest, also—
 (a) type of derivative: n/a
 (b) details of derivative: n/a
 (c) parties to the derivative: n/a
 (d) if the substantial product holder is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Additional information
Address of substantial product holder(s): C/o Douglas Telecommunications, Inc.
300 A Drakes Landing Road
Suite 200
Greenbrae 94904
UNITED STATES OF AMERICA
Contact details: John Terence Andrews, 04 495 8181, john.andrews@forsythbarr.co.nz
Nature of connection between substantial product holders: Douglas Family

Name of any other person believed to have given, or believed to be required to
give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the
financial products to which this disclosure relates: None.
Certification

I, John Terence Andrews, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.