Rakon Limited — Director's Dealing 2025

Oct 28, 2025

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Initial Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(1) and 298(1), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		Rakon Limited
Date this disclosure made:			28-Oct-25
Date on which issuer listed or appointment made:			28-Oct-25
Director or senior manager giving disclosure
Full name:		Christopher Grant Swasbrook
Name of listed issuer:		Rakon Limited
Name of related bodycorporate(if applicable):
Position held in listed issuer:		Independent Director
Summary of relevant interest (excluding specified derivatives)
Class of quoted financial product:		Ordinary Shares
Number held in class:			1,350,000
Nature of relevant interest:		Power to Influence as Portfolio Manager & Director
Current registered holder:		Public Trust as Custodian for Elevation Capital Global Shares Fund
Summary of specified derivatives relevant interest (if applicable)
Type of derivative:
Class of underlyingfinancialproducts:
Details of derivative
The notional value of the derivative (if any) or the notional amount of underlying
products (if any):
A statement as to whether the derivative is cash settled or physically settled:
Maturitydate of the derivative (if any):
Expirydate of the derivative (if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlyingfinancialproducts:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:		Chris Swasbrook
Date of signature:			28-Oct-25
or
Signature ofperson authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes

Use this form to disclose the relevant interests that a director or senior manager of a listed issuer has in quoted financial products of the listed issuer or a related body corporate or a specified derivative. The disclosure must be made within 5 trading days of—

(a) the listing of the public issuer; or

(b) the person’s appointment as a director or senior manager.