 Solution

Write $z=x+iy$. Then $|z^{\ast }+2i|=\sqrt{x^2+(y-2{)}^2}$ and $|z|=\sqrt{x^2+y^2}$, so the condition fixes the sum of distances from $(0,2)$ and $(0,0)$. It is an ellipse with centre $(0,1)$, vertical semimajor axis $A=2$, and focal distance $c=1$. Its horizontal semiminor axis obeys $B^2=A^2-c^2=3$. Thus the locus isThe vertices are $(0,-1)$ and $(0,3)$; the horizontal extremities are $(\pm \sqrt{3},1)$. The complex conjugation places the second focus above the origin.