Substantial Product Holder Disclosures

1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX
and
To Rakon Limited
Relevant event being disclosed: Change in the nature of relevant interest in
substantial holding
Date of relevant event: 22 August 2019
Date this disclosure made: 3 October 2019
Date last disclosure made: 23 October 2009

Substantial product holder(s) giving disclosure
Full name(s): Darren Paul Robinson

Summary of substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Darren Paul Robinson
For this disclosure,—
(a) total number held in class: 34,845,003
(b) total in class: 229,055,272
(c) total percentage held in class: 15.21%
For last disclosure,—
(a) total number held in class: 34,845,003
(b) total in class: 189,688,591
(c) total percentage held in class: 18.37%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Transfer of legal title to
24,930,823 ordinary shares to new trustees of Ahuareka Trust pursuant to a deed of
retirement and appointment of new trustees dated 5 June 2019 in respect of which the
share transfer was completed on 22 August 2019.
Details after relevant event
Details for Darren Paul Robinson
1. Nature of relevant interest(s): Registered holder
For that relevant interest,—
(a) number held in class: 24,930,823

2
(b) percentage held in class: 10.88%
(c) current registered holder(s): Warren John Robinson and Trusts Limited
(d) registered holder(s) once
transfers are registered:
Darren Paul Robinson, Brent John Robinson
and Michele Susan Robinson
For a derivative relevant interest, also— N/A
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder
is not a party to the derivative,
the nature of the relevant interest
in the derivative:
N/A
2. Nature of relevant interest(s): Beneficial Interest
For that relevant interest,—
(a) number held in class: 24,930,823
(b) percentage held in class: 10.88%
(c) current registered holder(s): Warren John Robinson and Trusts Limited
(d) registered holder(s) once
transfers are registered:
Darren Paul Robinson, Brent John Robinson
and Michele Susan Robinson

For a derivative relevant interest, also— N/A
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder
is not a party to the derivative,
the nature of the relevant interest
in the derivative:
N/A
3. Nature of relevant interest(s): Registered holder and beneficial interest
For that relevant interest,—
(a) number held in class: 9,914,180
(b) percentage held in class: 4.33 %
(c) current registered holder(s): Darren Paul Robinson
(d) registered holder(s) once
transfers are registered:
N/A

For a derivative relevant interest, also— N/A
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A

3
(d) if the substantial product holder
is not a party to the derivative,
the nature of the relevant interest
in the derivative:
N/A

Additional information
Address(es) of substantial product holder(s): 5 Birch Lane Whitford, Auckalnd
Contact details: darren.robinson@rakon.com; Phone 09 5719203
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Brent John Robinson, Michele Susan
Robinson and Trusts Limited
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Darren Paul Robinson is also a senior manager of Rakon Limited. This disclosure
also constitutes disclosure for the purposes of the directors’ and senior managers’
disclosure obligations.
Certification
I, Darren Paul Robinson, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.

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1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To: NZX
and
To: Rakon Limited
Date this disclosure made: 3 October 2019
Date on which substantial holding began: 22 August 2019

Substantial product holder(s) giving disclosure
Full name(s): Michele Susan Robinson

Summary of substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Michele Susan Robinson
For this disclosure,—
(a) total number held in class: 24,930,823
(b) total in class: 229,055,272
(c) total percentage held in class: 10.88%

Details of relevant interests
Details for Michele Susan Robinson
1. Nature of relevant interest(s): Registered holder
For that relevant interest,—
(a) number held in class: 24,930,823
(b) percentage held in class: 10.88%
(c) current registered holder(s): Warren John Robinson and Trusts Limited
(d) registered holder(s) once transfers
are registered:
Michele Susan Robinson, Brent John
Robinson and Darren Paul Robinson
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is
not a party to the derivative, the
nature of the relevant interest in the
derivative:
N/A

2

2. Nature of relevant interest(s): Beneficial interest
For that relevant interest,—
(a) number held in class: 24,930,823
(b) percentage held in class: 10.88%
(c) current registered holder(s): Warren John Robinson and Trusts Limited
(d) registered holder(s) once transfers
are registered:
Michele Susan Robinson, Brent John
Robinson and Darren Paul Robinson

For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is
not a party to the derivative, the
nature of the relevant interest in the
derivative:
N/A
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Transfer of legal title to
24,930,823 ordinary shares to new trustees of Ahuareka Trust pursuant to a deed of
retirement and appointment of new trustees dated 5 June 2019, in respect of which the
share transfer was completed on 22 August 2019. Michele Robinson is also a beneficiary of
the Ahuareka Trust.
Additional information
Address(es) of substantial product holder(s): c/o Oakridge Apartments, 801/10
Middleton Road, Remuera, Auckland 1050
Contact details: c/o Brent Robinson; brent.robinson@rakon.com; Phone 09 5719201
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Brent John Robinson, Darren Paul Robinson
and Trusts Limited
Certification
I, Michele Susan Robinson, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.

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1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX
and
To Rakon Limited
Date this disclosure made: 3 October 2019
Date last disclosure made: 23 October 2009
Date on which substantial holding ceased: 22 August 2019

Substantial product holder(s) giving
disclosure

Full name(s): Trusts Limited

Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Trusts Limited
For last disclosure,—
(a) total number held in class: 24,930,823
(b) total in class: 189,688,591
(c) total percentage held in class: 13.143%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 0
(b) total in class: 229,055,272
(c) total percentage held in class: 0%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Transfer of legal title to
24,930,823 ordinary shares to new trustees of Ahuareka Trust pursuant to a deed of
retirement and appointment of new trustees dated 5 June 2019 in respect of which the
share transfer was completed on 22 August 2019.
Additional information
Address(es) of substantial product holder(s): Address - Powle & Hodson Limited, Level
2, No. 1 Broadway, Newmarket, Auckland, Mail-PO Box 99432 Newmarket
Auckland 1149
Contact details: c/o Donna Powle, donna@phlaw.co.nz, Phone 09 3003295
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial

2
products to which this disclosure relates: Brent John Robinson, Darren Paul Robinson
and Michele Susan Robinson
Certification
I, Donna Powle, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.

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1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To: NZX
and
To: Rakon Limited
Relevant event being disclosed: Change in the nature of relevant interest in
substantial holding
Date of relevant event: 22 August 2019
Date this disclosure made: 3 October 2019
Date last disclosure made: 23 October 2009

Substantial product holder(s) giving disclosure
Full name(s): Brent John Robinson

Summary of substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Brent John Robinson
For this disclosure,—
(a) total number held in class: 34,846,238
(b) total in class: 229,055,272
(c) total percentage held in class: 15.21%
For last disclosure,—
(a) total number held in class: 34,846,238
(b) total in class: 189,688,591
(c) total percentage held in class: 18.37%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Transfer of legal title to
24,930,823 ordinary shares to new trustees of Ahuareka Trust pursuant to a deed of
retirement and appointment of new trustees dated 5 June 2019, in respect of which the
share transfer was completed on 22 August 2019.
Details after relevant event
Details for Brent John Robinson
1. Nature of relevant interest(s): Registered holder
For that relevant interest,—
(a) number held in class: 24,930,823

2
(b) percentage held in class: 10.88%
(c) current registered holder(s): Warren John Robinson and Trusts
Limited
(d) registered holder(s) once transfers
are registered:
Brent John Robinson, Michele Susan
Robinson and Darren Paul Robinson
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is
not a party to the derivative, the
nature of the relevant interest in the
derivative:
N/A
2. Nature of relevant interest(s): Beneficial interest
For that relevant interest,—
(a) number held in class: 24,930,823
(b) percentage held in class: 10.88%
(c) current registered holder(s): Warren John Robinson and Trusts
Limited
(d) registered holder(s) once transfers
are registered:
Brent John Robinson, Michele Susan
Robinson and Darren Paul Robinson

For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is
not a party to the derivative, the
nature of the relevant interest in the
derivative:


N/A
3. Nature of relevant interest(s): Registered holder and beneficial
interest
For that relevant interest,—
(a) number held in class: 9,915,415
(b) percentage held in class: 4.33%
(c) current registered holder(s): Brent John Robinson
(d) registered holder(s) once transfers
are registered:
N/A

3

For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is
not a party to the derivative, the
nature of the relevant interest in
the derivative:
N/A
Additional information
Address(es) of substantial product holder(s): 85 Whites Road, Whitford, Auckland
Contact details: brent.robinson@rakon.com Phone 09 5719201
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Darren Paul Robinson, Michele Susan
Robinson and Trusts Limited
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Brent John Robinson is also a director of Rakon Limited. This disclosure also
constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure
obligations.
Certification
I, Brent John Robinson, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.

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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
Page 1 of 1 w w w . r a k o n . c o m


3 October 2019

Substantial Product Holder Disclosures

Please see attached the following Substantial Product Holder Disclosures in relation to holdings in
Rakon LImited:

Substantial Product Holder Disclosure of change in nature of relevant interest in substantial holding
for Brent Robinson
Substantial Product Holder Disclosure of change in nature of relevant interest in substantial holding
for Darren Robinson
Substantial Product Holder Disclosure of beginning to have a substantial holding for Michele
Robinson
Substantial Product Holder Disclosure of ceasing to have a substantial holding for Trusts Limited


-ends-

Contact:
Maureen Shaddick
Company Secretary
Rakon Limited
+64 9 571 9238


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. Its three core markets are Telecommunications,
Global Positioning and Space & Defence.
Rakon products help set the frequency that all communications transmit and receive on. They also hold time
and provide a stable timing reference for electronic equipment around the globe. This enables synchronised
time globally, and the efficient and reliable transfer of data at ever-increasing precision and speed. Rakon has
six manufacturing plants, including two joint venture plants, and has six research and development centres.
Customer support personnel 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