Change in reporting method of Thinxtra investment

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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4 July 2018

RAKON LIMITED (NZX: RAK)

Change in reporting method of Thinxtra investment
Rakon Limited (”Rakon”) today announces that the reporting of its investment in Thinxtra Limited
(“Thinxtra”) will change from an equity accounted associate to a fair value accounted investment in
the half year ending 30 September 2018 (“Half Year”).
The Directors will determine the fair value on the basis of receiving an independent valuation report.
Based on the last sale price for the shares as a current indicator of fair value available to the Directors
today, it is expected that a gain of $7.5 million will be reported as profit in the Statement of
Comprehensive Income for the Half Year. This projection is subject to the Directors receiving a final
independent valuation report and the performance of Thinxtra over the Half Year.


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
one joint venture plant 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