Rakon Limited — Capital/Financing Update 2018

Dec 12, 2018

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12 December 2018

RAKON LIMITED (NZX: RAK)

Increase in Working Capital Facilities

Rakon Limited today announces an increase of $6 million to its cash working capital facilities with ASB Bank Limited.

Total cash facilities are now $15.5 million and will be used predominantly to support higher working capital requirements due to the increase in the forecast demand from the continuing roll out of 4/4.5G and 5G infrastructure in the Telecommunications Market.

Brent Robinson (Chief Executive Officer & Managing Director)

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Contact:

Anand Rambhai (Chief Financial Officer)

+64 9 571 9225

Media Enquiries:

Louise Howe (Media Liaison)

+64 21 206 0985

www.rakon.com

About Rakon

Rakon is a global high technology company that designs and manufactures world-leading frequency control and timing solutions. Its products enable connectivity for a wide range of applications. The company’s three core markets are telecommunications, global positioning and space & defence. Rakon has a global footprint including four manufacturing plants, five research and development centres and 16 customer support locations. Rakon is proud of its New Zealand heritage; it was founded in Auckland in 1967. It is a public company listed on the New Zealand stock exchange, NZSX, ticker code RAK.

Rakon Limited T +64 9 573 5554, F +64 9 573 5559 8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand Private Bag 99943, Newmarket, Auckland 1149, New Zealand

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www.rakon.com