Refinancing completes and repays PURE in full

NZX: LOC

MARKET ANNOUNCEMENT
9 November 2026
Locate Technologies completes refinancing and repays
PURE in full
Highlights
• The PURE Asset Management facility has been repaid in full.
• PURE has released all of its security over the Group.
• The A$1.0 million convertible note has been issued.
• The refinancing is complete, ahead of the PURE facility’s November 2026 maturity.

Locate Technologies Limited (NZX: LOC) (Locate Technologies or the Company) is pleased to
confirm that, further to its announcement of 6 November 2026, it has completed the refinancing of
its debt facility with PURE Asset Management (PURE).
Repayment of the PURE facility
Proceeds from the Company’s A$3.5 million senior secured debt facility with Achim Beyachad Pty
Ltd (the Facility), of which A$3.0 million has been drawn, and the convertible note, together with
existing cash, have been applied to repay the PURE facility in full, totalling A$4,039,254.79.
PURE has released all of its security over the Group, and the Group has no further obligations to
PURE under the facility.
Convertible note
The convertible note with a face value of A$1,000,000 (the Note) has been issued to Manhol Pty
Ltd as trustee for the DB Superannuation Fund, on the terms set out in the Company’s
announcement of 6 November 2026. The Note was issued within the Company’s placement
capacity under NZX Listing Rule 4.5 and did not require shareholder approval.
About Locate Technologies
Locate Technologies Limited (NZX: LOC) is an AI-powered delivery and logistics technology
company. The Group operates two complementary platforms: Locate2u, a route optimisation and
delivery management platform used by fleet operators, retailers, and logistics providers
internationally, with AI features deployed in the product for customers; and Zoom2u, an
on-demand courier and delivery marketplace across Australia that uses AI internally to run its
dispatch and logistics operations. The Group's platforms provide route planning, delivery
management, and real-time visibility for businesses of all sizes.
Authorised for release by the Board of Locate Technologies Limited.
For investor enquiries:
Steve Orenstein, Founder and Chief Executive Officer
investor@locatetech.nz
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