Rakon (RAK) 2019 Annual Meeting Addresses and Presentations

CHAIR’S and CHIEF EXECUTIVE’S ADDRESSES FOR RAKON LIMITED
ANNUAL MEETING
9 August 2019
SLIDE 1
SLIDE 2
Chair’s Introduction
SLIDE 3
A. Chair’s Address
Welcome to the 14
th
Annual Meeting of Shareholders of Rakon Limited. It is
pleasing to see so many of you here today. My name is Bruce Irvine and I am
Chair of the Board and will be chair of today’s meeting.
I confirm we have a quorum for today’s meeting and declare the meeting
open.
The order of business for today’s meeting is set out in the Notice of Annual
Meeting which was sent to shareholders on 12 July 2019 and is summarised on
the slide you can see behind me. You should also have received or had access
to the Company’s Annual Report and 2019 Review as released on 21 June
2019. If you have not been able to view either of these documents you may
find them on our website or request a printed copy at any time.
There will be an opportunity for shareholders to ask questions in relation to
each resolution before it is voted on and for more general questions and
comments about the business after the addresses from myself and the Chief
Executive.
We will be making an audio recording of the proceedings of the meeting which
will be available on our website soon after the meeting.
I will say a few words before handing over to our Managing Director and Chief
Executive Brent Robinson who will talk about the business in more detail.
Firstly I would like to introduce my colleagues who are here on stage with me:
Starting from my immediate right:

Brent Robinson is our Managing Director and Chief Executive – Brent is well
known to you all for his long experience and leadership of the Company. As
required by the NZX Rules Brent also retires as a Director and puts himself
forward for re-election today. He will speak to you later.
 Keith Watson who was appointed by the Board in September last year.
Keith has local and international management and governance
experience in engineering and technology businesses. Keith is a member
of Rakon’s Audit and Risk Committee. As required under the NZX Rules
Keith retires and puts himself forward for re-election at today’s meeting.
We will give Keith an opportunity to speak later in the meeting.
 JM Tseng who is General Manager of Siward Crystal Technology Limited,
a substantial shareholder of Rakon, is with us today. JM Tseng is the
brother of Yin Tang Tseng, (Tony Tseng) who is the Chairman of Siward,
and has been on the Board since March 2017. Tony has sent an apology
for today’s meeting but we are very pleased to welcome his brother JM.
 Next to JM Tseng is Roger Yao who is the Alternate Director of Tony
Tseng.
 Lorraine Witten. Lorraine has been on the Board since March 2017 and
chairs our Audit and Risk Committee. Lorraine has extensive
governance, senior management and business experience in the
technology and communications sector.
 Keith Oliver has been on the Board since March 2017 and chairs our
People Committee. Keith is professional director and business adviser
and has experience with NZ and international technology companies.
 For myself – I have been on the Board since 2005 taking over the role of
Chair at last year’s annual meeting. I am a former managing partner of
Deloitte in Christchurch and a professional director with experience
across a broad range of New Zealand companies.
 Also on stage with us here today is our Chief Financial Officer, Anand
Rambhai. Anand has been in this role since 1 November last year and
has been with Rakon for six years.
 In the front row is our Company Secretary, Maureen Shaddick. Maureen
joined the Rakon in November last year and was previously General
Counsel and Company Secretary of a large listed entity.
I would also like to acknowledge the presence of representatives of our auditor
PricewaterhouseCoopers, our principal legal advisers Bell Gully and the team

from Computershare. Computershare manage Rakon’s share register and are
responsible for managing and scrutineering the voting at today’s meeting.
It has been a great privilege to serve as the Chair of Rakon Limited for a full
year now.
I am proud to be a director of Rakon Limited which is a globally recognised
leader in the frequency control product industry. Rakon strives to meet the
demands of key players in these markets and to anticipate the new and
exacting requirements of their ever-evolving technological developments.
In today’s world where technological changes are occurring at an ever
increasing rate this is an exciting but challenging industry to be part of.

SLIDE 3
Financial Snapshot FY2019
In the financial year ended March 2019 there was growth in Rakon’s core
business - we built on the improvements recorded in the 2018 financial year,
delivered a 13% increase in revenue and improved gross margin which
contributed to Net Profit (albeit lower than the prior year due to one-off
events in 2018). Underlying earnings also improved. We have seen a steady
improvement in EBITDA
1
over the last three years.
We went from a net cash position in 2018 to net debt of $7.7 million but this
was to be expected as we integrated and grew the capacity of our operation in
Rakon India after completing the acquisition of our former joint venture
partner’s interest in Centum Rakon India in May last year at a cost of $6
million.
We also saw our inventory levels increase as a result of certain materials
constraints and the need to build up inventory to meet growth in demand.
Much of that demand is coming from the Telecommunications sector as
investment in 5G networks infrastructure begins.
SLIDE 5

1
Refer to note B1 of the FY2019 audited financial statements for an explanation of how ‘Non-GAAP Financial
Information’ is used, including a definition of ‘Underlying EBITDA’ and reconciliation to NPAT

Strategy and Governance
We believe the strategic moves of obtaining 100 % ownership of Rakon India
and the continued development of our technology and manufacturing
partnership with Siward Crystal Technology will be key to enabling Rakon to
meet growing demand for our products.
During the year we had a somewhat volatile ride with the valuation of our
investment in Thinxtra Pty Limited. We waived our right to appoint a director
and ceased to have a significant interest in Thinxtra.
Under the accounting standards we were therefore required to value our
shareholding in Thinxtra at fair value. We engaged an accounting firm to
undertake this exercise for us and adopted the low end of their valuation
range. A subsequent capital raising by Thinxtra, during the 2019 financial year
indicated a significant reduction in value. We therefore had to revise the initial
fair value downwards and adopted this lower value in the year-end accounts
presented to you. We do not see Thinxtra as core to Rakon’s future strategy
and we retain our investment with the intention of selling it down over time.
From a governance perspective, we were pleased to appoint Keith Watson to
our Board, after former director and Chairman Bryan Mogridge retired at last
year’s Annual Meeting. Keith’s broad engineering and technology experience
has complemented the skills and experience of our existing directors and we
look forward to his continued contribution to the work of the Board.
The work load and time commitment of our standing Audit and Risk
Committee and People Committee has been increased to support the Board’s
Work Plan.
We have pursued, and we are committed to, continuous improvement in our
governance practices. In our Corporate Governance Statement in the 2019
Annual Report, you can read a detailed account of our compliance with the
New Zealand Stock Exchange (NZX) Corporate Governance Code and you will
find new and updated governance policies and guidance on our website.
We adopted the new NZX Listing Rules from 1 April. The changes proposed to
Rakon’s Constitution at today’s meeting are required to meet the
requirements of those new Rules and changes to the Companies Act and we
also took the opportunity to update the Constitution in line with current
practice.

Your board considered whether or not it was prudent to pay a dividend this
year. We decided that with the additional lock up of working capital and
investment in India, that any decision to pay a dividend should be deferred.
We continue to work with our bankers on ensuring we have sufficient
facilities to pursue our growth aspirations.
I would like to thank the Rakon Executive and employees whether they are
working here in Auckland, in India, France, the UK or in our sales offices around
the world for your commitment and hard work for Rakon Limited. A special
thank you also to our technology partners Siward Crystal Technology who are
with us here today and working closely with the Rakon team. And most
importantly thank you, to you our shareholders, for your continued support
and loyalty. As a Board we are very focused on acting in the interests of our
fellow shareholders and we look forward to seeing your loyalty rewarded
when the continuing investment in R&D, and the new opportunities that are
emerging, deliver the required returns.
I now invite Brent Robinson to provide further commentary on the Company’s
performance and a business update.
SLIDE 6
B. Chief Executive’s Review
SLIDE 7
Financial Snapshot
2019 Results
Financial Year 2019 was a year in which we demonstrated steady growth in our
core business leading to an improvement in underlying financial performance.
As recorded in our annual accounts and reporting, Revenue grew from $101
million to $114 million, with the Telecommunications market delivering the
most significant portion of that growth.
Underlying EBITDA was $13.3 million, up from $12.1 million in 2018, and Net
Profit After Tax was $3.4 million – which, excluding the prior year’s one-offs,
was an improved result.
Importantly we saw an improvement in Gross Margin, rising from 43% in 2018
to 45% in 2019. This increase was mainly due to improving our product mix

with new products - toward Telecommunications and Defence business where
there are higher margins - away from the lower margin global positioning
business. While growth in revenue is always a goal we are also very focussed
on improving profitability and Gross Margin.
Increased demand and market shortages of some key materials led to
increased inventory. The investment of $6 million to purchase Rakon India as
well as the purchase of equipment to increase the capacity of Rakon India, saw
Rakon move from a Net Cash position to a Net Debt position. While this can
feel less comfortable the expenditure is imperative to ensure we are in the
position to respond to the demand we believe will come.
SLIDE 8
Achievements
Rakon India
Following our acquisition of Centum Electronics Limited’s interest in Rakon
India in May last year, Rakon India is now 100% owned and controlled by
Rakon and made a positive earnings contribution.
We now have an independent management team in place and approximately
500 employees working at our manufacturing plant in Bangalore.
It was a very busy year in Bangalore, India. We leased additional space, stream-
lined our operations and invested in new manufacturing equipment.
We doubled our manufacturing capacity, mainly for new products and, over
the course of the year, we increased our output by 56 % compared to FY2018.
Much of that output comes from year on year growth in OCXOs for
Telecommunications, wins with our new designs and as a result of us getting
an increased share of Tier One customers’ business.
SLIDE 9
Rakon India Opportunities
For Rakon as a whole, Rakon India provides us with a cost effective
manufacturing platform and the benefit of a highly skilled work force as well as
the opportunity for collaboration with India-based engineers for new product
development and to further penetrate the growing local market in India.

Rakon product was included in equipment for a recent Indian Space moon
mission.
SLIDE 10
Achievements
Siward: High Volume, Low Cost Manufacturing Partner
Our strategic alliance with Siward Crystal Technology Limited which owns over
16% of Rakon, was established in 2017. Siward provides Rakon with the
capacity to deliver higher volume, lower cost solutions and opens up new
opportunities through expanded product offerings targeting wider markets for
high volume telecommunications products with significant total addressable
market opportunity.
Siward has been successfully audited to supply to significant Rakon Tier One
customers.
SLIDE 11
Market Opportunities
5G
In the Telecommunications market the upgrade of 4G networks to 5G
networks represents a significant opportunity for Rakon.
Demand for 5G compatible products is expected to continue for a number of
years as spectrum is released, the technology is developed and new end uses
are established.
We believe the 5G roadmap will be more gradual and incremental than was
seen for 4G. There will be an upgrade of existing 4G infrastructure to support
an initial roll out of 5G. Then there will be deployment of new dedicated 5G
infrastructure enabling much faster speeds of data transfer than possible with
4G, and much wider bandwidth, enabling mass connectivity, better reliability,
latency and spectrum efficiency. In the near term, fixed wireless internet
access to the home is one example of an application that will be enabled.
SLIDES 12, 13, 14, 15 (showing images relating to development of 5G)
Our Mercury+, OCXOs and ultra-stable TCXOs have been designed in to the 5G
Remote Radioheads (RRH) and base stations. Rakon is designed in to the
equipment of all Tier One 5G providers. The images in our presentation

illustrate the differences in the type and quantum of Rakon product used in 4G
and that required for 5G.
In the longer term as data infrastructure evolves and applications are
developed 5G is expected to facilitate the development of new technology for
virtual reality, autonomous vehicles, Internet of Things - changing the way
people work and live.
The roll-out of 5G is our biggest challenge and biggest opportunity. We already
have a good share of business awarded by Tier One customers.
The challenge lies in meeting the existing demand and continuing to bring new
products to market that meet the higher specifications demanded by 5G
applications.
SLIDE 16
Space Market ‘New Space’
Changes are also occurring in the Space sector which is another key market for
Rakon. The growing need for connectivity increases the need for satellite
connections for communications.
In FY2019 Rakon received its first order for our New Space OCXO for a new Low
Earth Orbit (LEO) constellation.
LEO technology is a major disruptor to the traditional geosynchronous orbit
(GEO) satellite market. LEO satellites operate only a few hundred kilometres
above the earth’s surface rather than 30 to 40,000 kilometres away. They are
smaller, cheaper to make and to launch and therefore more dispensable and
replaceable. LEO satellites are required in their thousands in constellations
rather than solitary orbit and for use by commercial telecommunications and
services businesses, not just governments.
The LEO development represents a new opportunity for Rakon’s oscillator
technology complementing its existing involvement in the traditional space
market.
While overall Rakon’s revenue from the Space sector grew in the 2019 financial
year with the inclusion of the Rakon India domestic space market, Rakon’s
European space business saw lower returns, as this market enters a transition
phase between the new LEO satellite technology and the traditional
geosynchronous orbit satellites.

SLIDE 17
R&D
Rakon is proud of its significant and consistent investment in research and
development which enables it to retain its position as a leading provider of
new technologies in frequency control. In 2019 we introduced 15 new
products, including several world first releases, enabling our customers to
advance their technology.
We are investing in new manufacturing processes to address market needs for
smaller and leading edge oscillator performance.

SLIDE 18
People and Capability
Over the last couple of years there has been a shift to a global management
structure. In 2019 we established four new senior leadership positions and in
recent weeks we created another new position – Chief Operating Office. This
role will be filled by the existing General Manager of our European business –
Sinan Altug. He will move from France to New Zealand later in the year to work
more closely with me and to assume responsibility for leading, aligning and
driving Rakon’s global operations to best meet customer demand. Sinan has
over 22 years’ experience in frequency control products and 17 years with
Rakon.
SLIDE 19
Market Impact
The Telecommunications market represents a significant part of our business
but it is a market that has some particular characteristics which can make
forecasting challenging and which is influenced not just by competition and
consumer demand but also by macro-economic, global and regulatory factors.
It is a big market and Rakon is small and just one of many players in that
market.
Rakon is designed into all Tier One Telecommunication equipment providers’
solutions. We work closely with those Telecom providers and we are ready to
manufacture to their orders but sometimes the phasing of those orders does
not come through as we expected. While our customers (the Telecom

equipment providers) want our product, they too are beholden to others. We
both often find ourselves playing a waiting game. They must wait, and we in
turn must wait, for orders from the Network Operators.

SLIDE 20
Outlook
Scanning all of the markets we serve, we see increasing opportunity for Rakon
products. Our global markets and operations are well established and we are
well placed to respond to the current and future demands and challenges of
our customers, and of existing and new technology.
How does this opportunity translate to our expectations for the current year?
While we are confident that we will get a good share of business across our
markets, phasing of customer orders means returns for the current year are
likely to remain flat compared to the prior year.
SLIDE 21
Future
We are a technology leader with deep application expertise, a global footprint,
broad product offering and highly flexible product platforms who can deliver
world class quality. We have developed a strong ecosystem of customer
relationships through our 50 year heritage to become a trusted brand.
Rakon expects to stay at the forefront of the frequency control product
industry. Within every node and every network a stable and reliable timing and
frequency reference is required for successful transfer of data.

SLIDES 22 to 31
Shareholders’ Questions and Resolutions.

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©2015 Rakon Limited
Rakon Limited
2019 Annual Meeting of Shareholders
© 2019 Rakon Limited 9 August 2019
Enabling the
Connected Future

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2
Agenda
Brent Robinson
Chief Executive
Bruce Irvine
Chair
Welcome & Introduction
Items of Business
Chair’s Address
Chief Executive’s Review
Shareholders’ Questions
Annual Report and Business Update
Ordinary Resolutions
Re-elect Brent Robinson
Re-elect Keith Watson
Authorise directors to fix remuneration of Auditor
Special Resolution
Approve changes to Constitution
General Business
Meeting Close / Afternoon Tea

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A. Chair’s Welcome and Address
Bruce Irvine

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Financial Snapshot
101
95
114
Revenue
1
($m)
EBITDA ($m)
Notes:
1
All figures are presented in New Zealand dollars unless otherwise indicated.
2
Refer to note B1 of the FY2019 audited financial statements for an explanation of how ‘Non-GAAP Financial
Information’ is used, including a definition of ‘Underlying EBITDA’ and reconciliation to NPAT
FY2017FY2018FY2019
4.2
8.6
11.7
4.0
12.1
13.3
FY2017FY2018FY2019
EBITDA (excluding one offs & JVs)
Reported Underlying EBITDA
Chair’s Address
2

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Chair’s Address
Strategy and Governance
Strategic moves achieve positive outcomes for growth:
100% ownership of Rakon India
Technology and manufacturing partnership with Siward
Waived right to appoint director to Thinxtra
Ceased to have significant influence
Change to fair value accounting
Board refresh
New director appointed
New NZX Listing Rules
Adopted from 1 April
Changes to Constitution proposed
Committed to continuous improvement in governance
practices
Strengthened compliance with NZX Corporate
Governance Code

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B. Chief Executive’s Review
Brent Robinson

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FY2019, Financial Snapshot
Revenue grew
The telecommunications market delivering
the most significant portion of growth
Underlying EBITDA $13.3m, up from FY2018
Net Profit After Tax of $3.4m
Underlying profit an improvement (excluding
one-offs in the prior year)
Gross Margin increase
Improving mix with new products
Movement from Net Cash position to Net
Debt position
Purchase of RakonIndia for $6 million
Increased production capacity in India
Increased inventory
Chief Executive’s Review
Underlying
EBITDA
Revenue
Gross Margin
NPAT
FY201945%
FY2018 43%
Net Debt
position
$114.0m
▲12.7%
$13.3m
▲9.7%
$3.4m
▼66.4%

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FY2019, Key Achievements
Rakon India
Positive earnings contribution
o100% ownership
Operational developments:
oIndependent management team in place
oLeased additional space, streamlined operations
and invested in new equipment
oDoubled manufacturing capacity: mainly for new
products
oProduction output 56% higher than FY2018
•Increase comes from recent growth in OCXOs for
telecommunications, new designs and an increased
share of Tier One customers’ business
Chief Executive’s Review

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Rakon India
Opportunities
Cost effective manufacturing platform and benefit of
highly skilled work force
Collaboration with India-based engineers for new
product development
Penetrating growing local market
oSpace and defence; recent Moon mission
oTelecommunications
Chief Executive’s Review

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FY2019, Key Achievements
Siward: high volume, low cost
manufacturing partner
Siwardsuccessfully audited for supply to
significant Rakon Tier One customers
New opportunities through expanded
product offering
oTargeting wider telecommunication
requirements; large total addressable
market
Chief Executive’s Review

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Market Opportunities
Telecommunications: 5G
Market upgrade of 4G networks to 5G is a significant
opportunity for Rakon
oDemand for 5G expected to continue for a
number of years as spectrum is released,
technology developed and new end uses
established
oWe believe 5G road map will be gradual and
incremental
•Upgrade of existing 4G infrastructure to support
initial roll-out of 5G
•Deployment of new dedicated 5G infrastructure
Chief Executive’s Review

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4G Base Station Clocking Functions
In 4G, the BBU and RRU are closely connected
together. RRU uses simple clock recovery based on
VCXOs as clock references
Chief Executive’s Review
OCXO
VCXO
BBU–Base Station Unit
RRU–Remote Radio Unit
CPRI–Common Public Radio
Interface
T-GM–Telecom Grand Master
Backhaul
Front-haul
CPRI
Base Station Clock –high value
OCXO
Radio Clock –low value VCXO

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5G Architecture & Oscillators
Chief Executive’s Review
CU–Centralised Unit
DU–Distribution Unit
AU–Access Unit
eCPRI –Enhanced
Common Public Radio
Interface
T-GM–Telecom
Grand Master
OCXO

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14
5G mmWaveRemote Radio Heads
Chief Executive’s Review
5G
5G
5G
5G
5G
5G
5G
5G
5G
4G

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15
Rakon is designed into all Tier One 5G equipment providers
5G examples
Broadband to the home, M2M, Autonomous vehicles, IoT
Chief Executive’s Review
Expected Growth in Mobile Data Traffic
Source: Market Realist / Ericsson Mobility Report 2018

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Market Opportunities
Space Market: ‘New Space’
The need for connectivity everywhere increases the
need for satellite connections for communications
In FY2019 Rakon received its first order for a New
Space OCXO for a new Low Earth Orbit (LEO)
constellation
oLEO technology a major disruptor to the traditional
geosynchronous orbit (GEO) satellite market
oLEO development represents a new opportunity for
Rakon’s oscillator technology
Chief Executive’s Review

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R&D
Enables Rakon to retain position as a leading
provider
In FY2019 Rakon introduced 15 new products
enabling our customers to advance their technology
oSeveral world-first releases
Rakon is investing in new manufacturing processes to
address market needs for smaller, leading edge
oscillator performance
Chief Executive’s Review

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People & Capability
Shift to global management structure
FY2018 –FY2019 created four new leadership positions
July 2019 new positon created: Chief Operating Officer
oSinan Altug appointed
Chief Executive’s Review
Darren
Robinson
Sales &
Marketing
Director
Sinan Altug
Chief
Operations
Officer
Margo Thomas
General
Manager,
Global People &
Capability
Anand Rambhai
Chief Financial
Officer
Roy Cann
Head of
Global
Engineering
Scott Stemper
Global
Quality Manager
Cliff Hand
Senior
Programme
Manager,
Global
Integration
Maureen
Shaddick
Company
Secretary
Borja Thomas
(Thomas)
Head of Global
Product
Management
ThT

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Market Impact
Telecommunication market represents a
significant part of Rakon’s business
Influenced by macro, global and regulatory
factors
Rakon one of many players
oDesigned into all Tier One equipment
providers
•Providers are dependent on orders from
network operators. Can be a waiting game,
making forecasting challenging
Chief Executive’s Review
Network
Operators
OEMs

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FY2020 Outlook
Our global markets and operations are well
established. Rakon is in a great position to
respond to current and future demand
How does this opportunity translate to expectations
for current year?
oWhile we are confident we will get a good
share of business, phasing of customer orders
means returns are likely to remain flat
compared to FY2019
Chief Executive’s Review

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Future
Rakon is a technology leader
Global footprint, broad product offering, strong
ecosystem of customer relationships and a
trusted brand with a 50 year heritage
Rakon expects to stay at the forefront of the
frequency control product industry
Whatever the application may be, within every
node, within every network, a stable and reliable
timing and frequency reference is required for
the successful transfer of data
Chief Executive’s Review

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C. Shareholders’ Questions

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D. Resolutions

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Resolution 1: Re-election of Director
That Brent John Robinson, who retires
by rotation and is eligible for re-election,
be re-elected as a director of Rakon
Limited
Ordinary Resolution

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Resolution 2: Re-election of Director
That Robert Keith Hamilton Watson, who
retires following appointment by the Board and
is eligible for re-election, be re-elected as a
director of Rakon Limited
Ordinary Resolution

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Resolution 3: Fixing Remuneration of Auditor
That the directors are authorised to fix the
remuneration of Rakon Limited’s Auditor,
PricewaterhouseCoopers for the following year
Ordinary Resolution

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E. Special Resolution

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4.Amend Constitution
That Rakon Limited, amend its existing
Constitution, in the manner and form signed by
the Chair and tabled at the Annual Meeting for
the purpose of identification
Special Resolution

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As at 7 August
Proxy Votes Received
Proxy votes lodgedFor%Against%Discretionary%
Brent Robinson
67,292,22564,904,42396.45%657,3720.98%1,730,4302.57%
Proxy votes lodgedFor%Against%Discretionary%
KeithWatson
67,298,82965,148,58696.80%415,7810.62%1,734,4622.58%
Proxy votes lodgedFor%Against%Discretionary%
AmendConstitution
67,210,36365,190,07096.99202,2470.30%
1,818,046
2.71%
Auditor:
Proxy votes lodgedFor%Against%Discretionary%
67,284,64064,641,77396.07%942,8651.40%1,700,0022.53%
Resolution 2: Re-election of Director
Resolution 1: Re-election of Director
Resolution 3: Fixing Remuneration of Auditor
Resolution 4: Special Resolution;amendment of existing Constitution

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F. General Business and Shareholders’ Questions

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Meeting Closed

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Thispresentationcontainsnotonlyareviewofoperations,butalsosomeforwardlookingstatementsaboutRakonLimitedand
theenvironmentinwhichthecompanyoperates.Becausethesestatementsareforwardlooking,RakonLimited'sactualresults
coulddiffermaterially
Althoughmanagementanddirectorsmayindicateandbelievethattheassumptionsunderlyingtheforwardlookingstatements
arereasonable,anyoftheassumptionscouldproveinaccurateorincorrectand,therefore,therecanbenoassurancethatthe
resultscontemplatedintheforwardlookingstatementswillberealised
Mediareleases,managementcommentaryandinvestorpresentationsareallavailableonthecompany'swebsiteandcontain
additionalinformationaboutmatterswhichcouldcauseRakonLimited'sperformancetodifferfromanyforwardlooking
statementsinthispresentation.PleasereadthispresentationinthewidercontextofmaterialpreviouslypublishedbyRakon
Limited
Disclaimer

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www.rakon.com

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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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9 August 2019

Rakon Limited (RAK) Annual Meeting Addresses and Presentations

The Annual Meeting of Rakon Limited will be held today at Guineas 1 Room, Ellerslie Event Centre,
80 – 100 Ascot Avenue, Greenlane, Auckland at 2.00 pm.

Attached is a copy of:

Chair’s and Chief Executive’s Addresses

Rakon 2019 Annual Meeting Presentation


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Contact:
Maureen Shaddick
Company Secretary
+64 9 571 9238

Media Enquiries:
Louise Howe (Media Liaison)
+64 21 206 0985
www.rakon.com


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 six manufacturing plants including two
joint venture plants and has six research and development centres. Customer support centres are
located in fifteen 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, NZX, ticker code RAK.
www.rakon.com