Results Announcement Details and 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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10 MAY 2019
RAKON LIMITED (NZX: RAK)

Rakon FY2019 Results Announcement Details, Thinxtra Investment Valuation and Expected FY19
Earnings

Results Announcement Details
Rakon Limited (RAK) will release its results announcement for the year ended 31 March 2019 to the
market at around 9.00am on Thursday 16 May 2019. This will be followed by a presentation from
management at 11.00am by teleconference. A direct link to the presentation material which will be
referred to by management will be available on Rakon’s website (www.rakon.com) prior to the
teleconference. Dial in details are set out below.

To ensure you are placed in the conference when it commences, we recommend you dial in five minutes
before the start time of the conference.

Dial the appropriate access number listed below and enter the Participant Pin Code : 38556566# . Further
contact numbers are available on the website. (www.rakon.com)

Country Toll Free Access
New Zealand 0800 452 257
Australia 1800 093 431
China 800 803 6107
India 1800 266 9688
France 0800 913 497
Germany 0800 627 0771
United Kingdom 0800 026 1552
United States 1877 788 9032

Thinxtra Investment Valuation
In the unaudited Interim Report covering the six months to 30 September 2018, the accounting treatment
of Rakon’s investment in Thinxtra Pty Limited changed with the effect that the investment was required to
be recognised at fair value. The valuation of Rakon’s interest in Thinxtra was based on an independent
valuation report which resulted in a one-off $7.2 million gain within net profit after tax (NPAT). Upon re-
examining the information available, the fair value at 30 September 2018 has been reassessed resulting in
the reversal of the $7.2 million gain previously recognised within NPAT in the interim report to 30
September 2018.

The fair value of Rakon’s investment in Thinxtra at 31 March 2019 is not expected to be materially
different from the reassessed valuation at 30 September 2018.

Expected FY19 Earnings
Rakon advises that subject to the finalisation of the audit for the year to 31 March 2019, it expects to
achieve EBITDA of $13.3 million which is within the range indicated in December 2018. –Ends–

Contact: Media Contact:
Anand Rambhai Louise Howe
Chief Financial Officer Corproate Communications Executive
+64 9 571 9225 +64 9 5719216 / +64 21 206 0985