Rakon Limited — Share Issue/Capital Change 2017

Feb 14, 2017

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15 February 2017

Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street Wellington

Notification of allotment of securities

For the purposes of NZX Main Board Listing Rule 7.12.1, Rakon Limited (NZX: RAK) advises the following securities have been issued and allotted on 15 February 2017.

The following information is supplied pursuant to Listing Rule 7.12.1:

a	Class of security	Ordinary shares (RAK)
	ISIN	NZRAKE0001S8
b	Number issued	38,016,681
c	Nominal value	N/A
	Issue Price	Rakon received USD 10 million in consideration for the issue of
		38,016,681 shares and a license of technology. There was no
		explicit allocation of the price per share. The allocation for
		reporting purposes is being considered and will be finalised
		within the 2017 audited financial statements
d	Payment terms	Payable in cash
e	Amount paid up	Fully paid ordinary shares
f	Principal terms	The shares have identical rights, privileges, limitations and
		conditions as, and rank equally over, the existing ordinary
		shares
g	Percentage of class of	16.597% (post allotment)
	securities
h	Reason for issue	To pay down debt and in connection with a license of
		technology under a Technology Deed
i	Authority for issue	Board resolution dated 14 December 2016
j	Terms of issue	Ordinary shares
k	Number of securities in	229,055,272 ordinary shares
	existence after issue
l	Treasury stock	N/A
m	Date of issue	15 February 2017

The securities were allotted to Siward Crystal Technology Co. Limited.

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 www.rakon.com

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Yours faithfully RAKON LIMITED

Simon Bosley Chief Financial Officer Contact (09) 571 9206

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www.rakon.com