IKE announces opening of A$2 million Share Purchase Plan

Opening of A$2.0m Share Purchase Plan Highlights • Opening of a Share Purchase Plan (SPP) for A$2.0m (approximately NZ$2.2m) with the ability to accept oversubscriptions at IKE’s complete discretion. The SPP is expected to close on 7 August 2025. • The SPP follows the fully underwritten share placement which raised approximately A$18.0m (approximately NZ$19.6m) (Placement). • Proceeds from the Placement and the SPP will be used to fund new product development to maintain and extend IKE’s market leadership, accelerate sales and marketing efforts, and provide balance sheet flexibility to execute on potential strategic bolt-on acquisition opportunities and general working capital. • IKE will develop two important new next-generation subscription product modules in collaboration with its extended customer-council, which are intended to extend IKE’s value in how utilities and communications companies capture, digitize, and manage their distribution networks. The SPP provides each shareholder of IKE as at 7:00pm AEST / 9:00pm NZST on Wednesday 9 July 2025 (Record Date) with a registered address in New Zealand or Australia (Eligible Shareholder) with the opportunity to apply for up to A$30,000 / NZ$32,500 of new shares at A$0.81 (NZ$0.88)1, being the price paid per new share in the Placement. The SPP is targeting to raise up to A$2.0m (approximately NZ$2.2m), while maintaining the flexibility to accept applications in excess of this amount. If the SPP is oversubscribed, any scale back to the number of new shares to be allotted under the SPP to each applicant will be by reference only to the number of fully paid IKE shares held by those Eligible Shareholders accepting the SPP on the Record Date. In the event of scaling, the value of SPP shares allocated to investors may be less than the parcel initially applied for. If this occurs, any excess money will be refunded (without interest). IKE expects to announce the final outcome of the SPP, including any scaling, on 12 August 2025. The SPP is subject to the terms and conditions included in the SPP offer booklet, being sent to eligible shareholders today, and available together with this announcement. Eligible Shareholders are encouraged to read the SPP booklet carefully, and if in any doubt about whether or not to apply for shares under the SPP, to consult with a financial or other professional advisor. All Eligible Shareholders are encouraged to visit www.ikeshareoffer.co.nz and apply for new shares online before the closing date at 5:00pm AEST / 7:00pm NZST on Thursday, 7 August 2025. Each new share issued under the SPP will rank equally with existing shares with effect from its date of issue and IKE will seek quotation of the new shares issued under the SPP on the NZX and ASX. Shareholder approval is not required for the issue of shares under the SPP. This announcement was authorised for lodgement with NZX and ASX by the IKE board of directors. Contact For further information, please contact: Glenn Milnes CEO & Managing Director +1 720-418-1936 glenn.milnes@ikegps.com Simon Hinsley Investor Relations +61-401-809-653 simon@nwrcommunications.com.au