Rakon confirms sale of France property

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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29 March 2018

RAKON LIMITED (NZX: RAK)


Rakon confirms sale of France property
Rakon today announces the sale of its Argenteuil, France property for a total consideration of EUR 2.7
million, before costs.
Argenteuil had previously been the main operational site for the manufacture of discrete OCXO’s,
which in recent years has shifted to Centum Rakon India. The property sale has been achieved
following a lengthy re-zoning process.
Rakon will continue to maintain a research & development centre in the area, with employees
relocated to a leased building in Gennevilliers, France.
An accounting gain that results from the sale of the property, will be reported in the FY2018 Annual
Report. There is no adjustment to full year earnings guidance for FY2018, with the accounting gain
having been included in forecasts provided to the market.

Brent Robinson
Chief Executive Officer & Managing Director

-ends-


Contact:
Simon Bosley (Chief Financial Officer)
+64 9 571 9206

Media Enquiries:
Louise Howe (Media Liaison)
+64 21 206 0985
www.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 reliability are paramount. The company’s products create
extremely accurate electric signals which are used to generate radio waves and synchronise time in
the most demanding communication applications. Rakon has five 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.
www.rakon.com