IQGeo : 14 April 2022

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000, if you are in the United Kingdom, or otherwise from another appropriately authorised and independent financial adviser.

If you have sold or transferred all of your registered holding of ordinary shares in the Company please forward this document, together with the accompanying Form of Proxy, as soon as possible to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for delivery to the purchaser or transferee.

If you have sold or transferred part of your registered holding of ordinary shares in the Company, you should retain this document, together with the accompanying Form of Proxy, and consult the stockbroker, bank or other agent through whom the sale or transfer was effected.

IQGeo Group plc

(Incorporated in England and Wales with company number 05589712)

Notice of 2022 Annual General Meeting

to be held at the Company's registered office at

Nine Hills Road, Cambridge, United Kingdom, CB2 1GE

on 17 May 2022 at 1:00pm

This document should be read as a whole. Nevertheless, your attention is drawn to the letter from the Chairman which contains information about the actions to be taken in respect of the Annual General Meeting.

We look forward to welcoming shareholders in person at the Annual General Meeting this year, as permitted by government guidance relating to the Covid-19 pandemic in place at the time of publication of this Notice. Please refrain from attending the meeting if you are experiencing symptoms of Covid-19 or have recently been in contact with anyone who has tested positive. Wearing a face covering is recommended for anyone attending the meeting in person. If you are a shareholder unable to attend the meeting (whether due to government restrictions or otherwise) we are making a dial-in facility available so that you can, if you wish, listen in to the meeting. Details on how to access the dial-in facility will be published on the Investors section of the Company's website (www.iqgeo.com/investors/) on the morning of the Annual General Meeting. Please note that, in accordance with the Company's articles of association, any shareholder who dials into the Annual General Meeting will not technically form part of the Annual General Meeting or count towards the quorum. We therefore encourage any shareholders using the dial-in facility to submit a Form of Proxy in advance of the Annual General Meeting (preferably electronically and no later than 1:00pm on 15 May 2022). Shareholders are specifically requested not to appoint a named individual as their proxy but instead to appoint the Chairman of the Annual General Meeting.

We will continue to monitor the situation and if, due to a change in the Government's guidance such that the Directors consider that the present arrangements regarding attendance at the Annual General Meeting are no longer safe, the Company will introduce alternative arrangements and will notify shareholders as to such arrangements as soon as reasonably practicable via a regulatory announcement and on the Company's website (www.iqgeo.com/investors/). We encourage shareholders to monitor the Company's website and regulatory news services for any updates in relation to this year's Annual General Meeting.

The distribution of this document in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

Notice of 2022 Annual General Meeting

IQGEO Group plc

(Incorporated in England and Wales with company number 05589712)

Directors:

Registered office:

Paul Taylor Haywood Chapman Ian Kershaw Andrew MacLeod Riccardo (Richard) Petti Carolyn Rand

Nine Hills Road

Cambridge

CB2 1GE

Max Royde Robert Sansom

To the holders of ordinary shares of £0.02 each in the capital of the Company

14 April 2022

Dear shareholder

Annual General Meeting

I am pleased to enclose a copy of our results for the year ended 31 December 2021 together with information about the Company's forthcoming Annual General Meeting ("AGM").

Enclosed with this letter, you will find:

• (i) the Notice of Annual General Meeting;

• (ii) the Annual Report and Accounts; and

• (iii) your Form of Proxy.

The resolutions to be proposed at the AGM are explained in detail below and are set out in full in the Notice of Annual General Meeting which is set out on pages 4 and 5 of this document. Resolutions 1 to 11 are being proposed as ordinary resolutions (and therefore need the approval of a simple majority of those shareholders who are present and voting in person or by proxy at the AGM) and resolutions 12 and 13 are being proposed as special resolutions (and therefore need the approval of at least 75% of those shareholders who are present and voting in person or by proxy at the AGM).

1. Presentation of the Company's annual accounts (resolution 1)

Resolution 1 deals with the adoption of the annual accounts for the financial year ending 31 December 2021.

2. Re-election of Directors (resolutions 2, 3, 4, 5, 6, 7, 8 and 9)

Under the Company's Articles of Association (the "Articles"), a Director appointed since the date of the previous AGM shall hold office until the next AGM where they shall retire from the Board and offer themselves for re-election. Accordingly, Carolyn Rand, who was appointed to the Board on 26 May 2021, will retire from the Board at the AGM and stand for re-election.

Whilst the Articles require that one-third of the Directors retire and seek re-election at each AGM the Board has determined, in accordance with what is increasingly viewed as best practice, that all of the Directors of the Company will retire from the Board at the AGM and, being eligible, offer themselves for re-election.

Having considered the performance of each of the Directors, the Board remains satisfied that their performance continues to be effective and that they demonstrate commitment to the role and, as such, recommends their re-election as Directors of the Company.

3. Re-appointment and remuneration of auditor (resolution 10)

Resolution 10 proposes the re-appointment of Grant Thornton UK LLP as auditor of the Company and authorises the Directors to set the auditor's remuneration.

4. Authority to issue new ordinary shares (resolution 11)

It is considered prudent and is widely accepted practice amongst companies with shares admitted to trading on the AIM Market of the London Stock Exchange to maintain general authorities such as these so as to enable the Directors to take advantage of opportunities to develop the Company's business.

Under section 551 of the Companies Act 2006 (the "CA 2006"), the Directors may only allot shares or grant rights to subscribe for or convert any securities into shares if authorised by the shareholders to do so.

Resolution 11 will, if passed, authorise the Directors to allot ordinary shares or grant rights to subscribe for or convert any securities into ordinary shares, up to an aggregate nominal value of £383,438 (corresponding to approximately one-third of the issued share capital at 13 April 2022) and up to an additional aggregate nominal value of £766,876 (corresponding to approximately two-thirds of the issued share capital at 13 April 2022) in the case of allotments only in connection with a fully pre-emptive rights issue. The Directors have no present intention to exercise the authority sought under this resolution. However, the Directors may consider doing so if they believe it would be appropriate in respect of business opportunities that may arise consistent with the Company's strategic objectives.

This authority will expire no later than 15 months after the passing of the resolution. It is the Board's current intention to seek renewal of such authority at each future annual general meeting of the Company.

5. Authority to dis-apply pre-emption rights (resolutions 12 and 13)

Under section 561(1) of the CA 2006, if the Directors wish to allot equity securities (as defined in section 560 of the CA 2006) they must in the first instance offer them to existing shareholders in proportion to their holdings. However, there may be occasions, when the Directors will need the flexibility to finance business opportunities by the issue of shares without a pre-emptive offer to existing shareholders.

This cannot be done under the CA 2006 unless the shareholders have first waived their pre-emption rights.

In accordance with institutional guidelines, under resolution 12, to be proposed as a special resolution, authority is sought to allot shares:

• (i) in relation to a pre-emptive rights issue only, up to an aggregate nominal amount of £766,876 (being the nominal value of approximately two thirds of the issued share capital of the Company at 13 April 2022); and

• (ii) in any other case, up to an aggregate nominal amount of £57,516 (representing 5% of the issued share capital of the Company at 13 April 2022).

The Directors do not currently have an intention to exercise the authority.

In addition, resolution 13, which is also to be proposed as a special resolution, asks the shareholders to waive their pre-emption rights in relation to the allotment of equity securities or sale of treasury shares up to a further aggregate nominal amount of £57,516 (representing 5% of the issued share capital of the Company at 13 April 2022), with such authority to be used only for the purpose of financing (or refinancing, if the authority is to be used in the six months after the original transaction) a transaction which the Directors of the Company determine to be an acquisition or other capital investment of a kind contemplated by the Pre-emption Group's Statement of Principles on Disapplying Pre-Emption Rights.

The Directors will also have regard to the guidance in the Statement of Principles concerning cumulative usage of authorities within a three-year period. Accordingly, the Board confirms that it does not intend to issue shares for cash representing more than 7.5 per cent. of the Company's issued ordinary share capital in any rolling three-year period other than to existing shareholders, save as permitted in connection with an acquisition or specified capital investment as described above, without prior consultation with shareholders.

If resolutions 12 and 13 are passed, the authorities will expire at the conclusion of the next annual general meeting of the Company, or, if earlier, the date which is 15 months after the date of passing of the resolutions. It is the Board's current intention to seek renewal of such authorities at each future annual general meetings of the Company.

Location of meeting

The AGM will be held at the Company's registered office at Nine Hills Road, Cambridge, United Kingdom, CB2 1GE on Tuesday 17 May 2022 at 1:00pm.

Recommendation

The Board considers the resolutions to be in the best interests of the Company and its shareholders as a whole. Accordingly, the Board unanimously recommends that shareholders vote in favour of the resolutions, as each of the members of the Board who hold shares in the Company, intend to do in respect of their individual holdings of shares in the Company.

Action to be taken

As stated on the front cover of this document, we look forward to welcoming shareholders in person at the AGM this year, as permitted by government guidance relating to the Covid-19 pandemic in place at the time of publication of this Notice. Please refrain from attending the meeting if you are experiencing symptoms of Covid-19 or have recently been in contact with anyone who has tested positive. Wearing a face covering is recommended for anyone attending the meeting in person. If you are a shareholder unable to attend the meeting (whether due to government restrictions or otherwise) we are making a dial-in facility available so that you can, if you wish, listen in to the meeting. Details on how to access the dial-in facility will be published on the Investors section of the Company's website (www.iqgeo.com/investors/) on the morning of the AGM. Please note that, in accordance with the Company's articles of association, any shareholder who dials into the AGM will not technically form part of the meeting or count towards the quorum. We therefore encourage any shareholders using the dial-in facility to submit a Form of Proxy in advance of the AGM (preferably electronically and no later than 1:00pm on 15 May 2022). Shareholders are specifically requested not to appoint a named individual as their proxy but instead to appoint the Chairman of the AGM.

We will continue to monitor the situation and if, due to a change in the Government's guidance such that the Directors consider that the present arrangements regarding attendance at the AGM are no longer safe, the Company will introduce alternative arrangements and will notify shareholders as to such arrangements as soon as reasonably practicable via a regulatory announcement and on the Company's website (www.iqgeo.com/investors/). We encourage shareholders to monitor the Company's website and regulatory news services for any updates in relation to this year's AGM.

Yours faithfully

Paul Taylor Non-Executive Chairman

Notice of Annual General Meeting

IQGEO Group plc (Incorporated in England and Wales with company number 05589712)

NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of IQGEO Group plc (the "Company") will be held at the Company's registered office at Nine Hills Road, Cambridge, United Kingdom, CB2 1GE on Tuesday 17 May 2022 at 1:00pm. You will be asked to consider and vote on the resolutions below. Resolutions 1 to 11 will be proposed as ordinary resolutions and resolutions 12 and 13 will be proposed as special resolutions.

Ordinary business Report and accounts

1. THAT the Company's annual accounts for the financial year ended 31 December 2021, together with the Directors' report and Auditor's report on those accounts, be received and adopted.

Re-election of Directors

• 2. THAT Haywood Chapman, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 3. THAT Ian Kershaw, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 4. THAT Andrew MacLeod, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 5. THAT Riccardo Petti, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 6. THAT Carolyn Rand, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 7. THAT Max Royde, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 8. THAT Robert Sansom, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

• 9. THAT Paul Taylor, who retires and stands for re-election by general meeting, be re-elected as a Director of the Company.

Re-appointment of auditor

10. THAT Grant Thornton UK LLP be re-appointed as the Company's auditor to hold office from the conclusion of this AGM until the conclusion of the next meeting at which accounts are laid before the Company and that the Directors be authorised to agree the remuneration of the auditor.

Special business

Issue of ordinary shares

11. THAT the Directors be generally and unconditionally authorised and empowered pursuant to and in accordance with Section 551 of the Companies Act 2006 (the "Act") to exercise all the powers of the Company to allot shares and/or grant rights to subscribe for or to convert any security into shares ("Rights"):

(i)up to an aggregate nominal value of £383,438 (being the nominal value of approximately one-third of the issued share capital of the Company); and

(ii) up to an aggregate nominal value of £766,876 (being the nominal value of approximately two thirds of the issued share capital of the Company) (such amount to be reduced by the nominal amount of any shares allotted or Rights granted under paragraph (i)) in connection with an offer by way of a rights issue or other pre-emptive offer to:

• (a) the holders of ordinary shares in proportion (as nearly as may be practicable) to the respective numbers of ordinary shares held by them; and

• (b) holders of other equity securities, as required by the rights of those securities or, subject to such rights, as the directors otherwise consider necessary,

and so that, in each case, the directors of the Company may impose any limits or restrictions and make any arrangements which they consider necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or the requirements of any regulatory body or stock exchange or any other matter.

The authority granted by this resolution will expire on the earlier of the next annual general meeting of the Company held after the date on which this resolution becomes unconditional and the date 15 months after the passing of this resolution, save that the Company may at any time before such expiry make any offer(s) or enter into any agreement(s) which would or might require shares to be allotted or Rights to be granted after such expiry and the Directors may allot shares or grant Rights in pursuance of any such offer(s) or agreement(s) as if the authority conferred hereby had not expired. This resolution revokes and replaces all unexercised authorities previously granted to the Directors to allot shares or grant Rights but without prejudice to any allotment of shares or grant of Rights already made, offered or agreed to be made pursuant to such authorities.

12. THAT, subject to the passing of resolution 11, the directors of the Company be authorised to allot equity securities (as defined in section 560 of the CA 2006) for cash under the authority conferred by that resolution and/or to sell ordinary shares held by the Company as treasury shares as if section 561 of the CA 2006 did not apply to any such allotment or sale, provided that such authority shall be limited to:

(i)the allotment of equity securities in connection with an offer of equity securities (but, in the case of the authority granted under paragraph (ii) of resolution 11, by way of a rights issue only):

• (a) to the holders of ordinary shares in proportion (as nearly as may be practicable) to their respective holdings; and

• (b) to holders of other equity securities as required by the rights of those securities or as the Directors otherwise consider necessary,

but subject to such exclusions or other arrangements as the directors of the Company may deem necessary or expedient in relation to treasury shares, fractional entitlements, record dates, legal or practical problems in or under the laws of any territory or the requirements of any regulatory body or stock exchange; and

(ii) the allotment of equity securities or sale of treasury shares (otherwise than pursuant to paragraph (i) of this resolution) to any person up to an aggregate nominal amount of £57,516.

The authority granted by this resolution will expire at the conclusion of the Company's next annual general meeting after the passing of this resolution or, if earlier, at the close of business on the date 15 months after the passing of this resolution, save that the Company may, before such expiry make offers or agreements which would or might require equity securities to be allotted (or treasury shares to be sold) after the authority expires and the directors of the Company may allot equity securities (or sell treasury shares) in pursuance of any such offer or agreement as if the authority had not expired.

13.

THAT, subject to the passing of resolutions 11 and 12, the directors of the Company be authorised in addition to any authority granted under resolution 12 to allot equity securities (as defined in section 560 of the CA 2006) for cash under the authority conferred by resolution 11 and/or to sell ordinary shares held by the Company as treasury shares as if section 561 of the CA 2006 did not apply to any such allotment or sale, provided that such authority shall be:

• (i) limited to the allotment of equity securities or sale of treasury shares up to an aggregate nominal amount of £57,516; and

• (ii) used only for the purpose of financing (or refinancing, if the authority is to be used within six months after the original transaction) a transaction which the directors of the Company determine to be an acquisition or other capital investment of a kind contemplated by the Statement of Principles on Disapplying Pre-Emption Rights most recently published by the Pre-Emption Group prior to the date of this notice.

The authority granted by this resolution will expire at the conclusion of the Company's next annual general meeting after this resolution is passed or, if earlier, at the close of business on the date 15 months after the passing of this resolution, save that the Company may, before such expiry make offers or agreements which would or might require equity securities to be allotted (or treasury shares to be sold) after the authority expires and the directors of the Company may allot equity securities (or sell treasury shares) in pursuance of any such offer or agreement as if the authority had not expired.

BY ORDER OF THE BOARD

Haywood Chapman Company Secretary

Registered office:

Nine Hills Road Cambridge CB2 1GE

14 April 2022