Appointment of new Directors to the Rakon Board

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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10 March 2017

Appointment of new Directors to the Rakon Board

The Board of Rakon Limited (NZX:RAK) is pleased to announce the appointment of three new
Directors to the Board.

Lorraine Witten – Appointed as Independent Director
Lorraine is currently the Chair of Kordia Group Limited, Star Now Limited, vWork Limited,
Soltius Limited and also a Director of WREDA (Wellington Regional Economic Development
Agency). Lorraine is also a founding shareholder and current Chair of Simply Security Limited,
Member of the Department of Corrections Audit & Risk Committee and previously held
numerous other Board and governance roles.

Keith Oliver – Appointed as Independent Director
Keith is currently a Director of ALTO Capital Limited, Chair of Blackhawk Tracking Systems
Limited and Health Vision (NZ) Limited. Keith is also a Director of Vigil Monitoring Limited and
previously held numerous other Board and governance roles.

Yin Tang Tseng – Appointed as Director
Yin Tang (Tony) is the current Chairman of Siward Crystal Technology Co. Limited (Siward).
Taiwan based Siward, a world leader of crystal and oscillator solutions, hold a 16.6% share in
Rakon Limited following their investment in February 2017.

Rakon Chair Bryan Mogridge said, “following an extensive search that presented a number of
high calibre applicants, the Rakon Board is very pleased to be able to appoint and welcome
Lorraine, Keith and Tony. Individually each brings considerable business and governance
experience that enhances the Rakon Board”.

All three Directors have been appointed under a casual vacancy and will put themselves
forward for election by shareholders’ at the next annual meeting.

-Ends-
Bryan Mogridge
Chair of Rakon Limited



Rakon Contact:
Simon Bosley (CFO)
09 571 9206
simon.bosley@rakon.com

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About Rakon
Rakon is a global high technology company and a world leader in its field. The company
designs and manufactures advanced frequency control and timing solutions for
telecommunications, global positioning and space and defence applications. Rakon products
are found at the forefront of communications where speed and/or reliability are paramount.
The company’s products provide extremely accurate clocking signals, which are then used to
generate precise electrical, radio or optical signals in networks and systems around the globe.
Rakon has four manufacturing plants including two joint venture plants and has five research
and development centres. Customer support centres are located in ten offices worldwide.
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.