Rakon Limited — Director's Dealing 2026

Mar 11, 2026

Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and Name of listed issuer: Rakon Limited Date this disclosure made: Date of last disclosure: 28-Oct-25 Director or senior manager giving disclosure Full name(s): Christopher Grant Name of listed issuer: Rakon Limited Name of related body corporate (if applicable): N//A Position held in listed issuer: Independent Director Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary Nature of the affected relevant interest(s):

Rakon Limited 12-Mar-26 28-Oct-25

Christopher Grant Swasbrook Rakon Limited N//A Independent Director

Ordinary Shares Power to Influence as Portfolio Manager & Director Public Trust as Custodian for Elevation Capital Global Shares Fund. (Note an independent sub-committee of Directors of Elevation Capital (not including Christopher Swasbrook) has been set up to manage this position in conjunction with the Supervisor (Public Trust) as a direct result of the Bourns, Inc Takeover proposal)

For that relevant interest- Number held in class before acquisition or disposal: 1,,350,000 Number held in class after acquisition or disposal: Nil Current registered holder(s): Fund Registered holder(s) once transfers are registered: Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlying financial products: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): N/A A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative(if any): The price 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 underlying financial products: 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: Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: 1

1,,350,000 Nil Public Trust as Custodian for Elevation Capital Global Shares Fund Bourns, Inc subject to conditonal Takeover Offer dated 9 Feb 2026 becoming unconditonal

Details of transactions requiring disclosure- Date of transaction: Nature of transaction: Name of any other party or parties to the transaction (if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily converted into a cash value, describe the consideration: Number of financial products to which the transaction related: If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

Summary of other relevant interests after acquisition or disposal: Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative:

Details of derivative,- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (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 underlying financial products: For that derivative relevant interest,- 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: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

11 Mar 2026 Acceptance of conditional Takeover Offer dated 9 Feb 2026 from Bourns, Inc (Offer) for Ordinary Shares Bourns,Inc Payment of $2,092,500 for Ordinary Shares will occur within 5 days of date Offer becomes unconditional. 1,350,000 Ordinary Shares

No N/A N/A As above As above As above N/A N/A

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Christopher Grant Swasbrook 12/03/2026

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