Z ELLERSTON CAPITAL

Ellerston Capital Limited
ABN 34 110 397 674
AFSL No. 283 000

Level 11, 179 Elizabeth Street
Sydney NSW 2000
Phone +612 9021 7797
Fax +612 9261 0528
www.ellerstoncapital.com

TO: The Manager, Company Announcements, ASX

FAX No:

FROM: Ellerston Capital Limited

DATE: 13/05/2026

NO. OF PAGES (Including this page) 5

Dear Manager

RE:
IKEGPS GROUP LIMITED - Form 605

We attach our notice of ceasing to be a substantial holder (Form 605) in respect of IKEGPS GROUP LIMITED.

We note that the shares reported in this Form are owned by third party accounts under the discretionary investment management of Ellerston Capital Limited.

None of Ellerston Capital Limited, nor any of its shareholders or any of their associates hold a direct interest in any shares disclosed in this Form.

Yours sincerely,

Ian Kelly
Company Secretary
Ellerston Capital Limited

Form 605
Corporations Act 2001
Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme
IKEGPS GROUP LIMITED

ACN/ARSN/ARBN

1. Details of substantial holder (1)

Name
Ellerston Capital Limited (Primary Person), and its associates being those persons listed in Annexure B

ACN/ARSN (if applicable)
ACN 110 397 674

The holder ceased to be a substantial on
11/05/2026

The previous notice was given to the company on
24/07/2025

The previous notice was dated
24/07/2025

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

1. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

1. Addresses

The addresses of persons named in this form are as follows:

Signature

print name
Mr Ian Kelly
capacity
Company Secretary

sign here
[signature]
date
13/05/2026

IKEGPS GROUP LIMITED

This is Annexure A of 1 pages referred to in Form 605 Notice of ceasing to be a substantial holder.

Signature

print name
lan Kelly
capacity
Company Secretary

sign here

date
13/05/2026

IKEGPS GROUP LIMITED

This is Annexure B of 2 pages referred to in Form 605 Notice of ceasing to be a substantial holder.

Signature

The following entities represent the Passive Substantial Holders. Each is a related body corporate of the Principal Person or a person that controls a related body corporate of the Principal Person and so an associate of the Primary Person under section 12(2)(a) of the Corporations Act, and therefore a substantial holder in the Company.