Notice of Meeting and important information for shareholder

Rakon Limited
T: +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand


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Notice of Meeting and important information for shareholders
4 August 2025 – Rakon Limited (NZX: RAK) has today released its Notice of Meeting. This contains
important information for shareholders on Director elections and Board composition, and
shareholders are encouraged to read it carefully.
The 2025 Annual Meeting of Shareholders of Rakon Limited will be held at 10.30am on Friday 22
August 2025 in the Great Northern Room, Ellerslie Event Centre, Remuera, Auckland and online via
https://meetnow.global/nz.
Shareholders will be asked to consider and vote on the election and re-election of four Directors.
Dr Mark Bregman, Dr Lisbeth Jacobs and Mr Jon Raby have been appointed as Independent
Directors since the last Annual Meeting and are therefore standing for election by shareholders. All
were identified as having valuable skill sets and expertise that add considerable value to the Board
and the company, and their appointments were unanimously approved by all of Rakon’s
independent and non-independent Directors.
The Board, by majority resolution, recommends that shareholders vote in favour of the elections of
Dr Mark Bregman, Dr Lisbeth Jacobs and Mr Jon Raby.
Selection of Dr Mark Bregman as Independent Chair
As advised on 22 July 2025, following a careful, structured process, Dr Mark Bregman was selected
as Chair-elect by majority Board resolution. Following a thorough assessment, the Board sub-
committee, with the support of independent governance experts, formed the view that Dr Bregman
was an excellent candidate and demonstrated to a very high level the appropriate mix of experience,
skills and attributes required to lead the Rakon Board.
Brent Robinson, a non-independent director on the Rakon Board, had also expressed his interest in
becoming the Chair of Rakon, however, chose not to participate in the selection process.
Notwithstanding that he did not participate in the process, and his non-independent status, the sub-
committee carefully considered his candidacy. However, the Independent Directors unanimously
determined that they were not able to support his selection. The Board does, however, believe that
as a large and longstanding shareholder, it is appropriate for Brent to have a place on the Board and
supports Brent’s re-election as a non-Independent Director.
Shareholder Voting Intentions
Since being advised of the Independent Directors’ determination regarding the role of chair, Brent
Robinson has advised, despite approving each of the Independent Directors’ appointments, that he
is now no longer prepared to support the candidacies of Mark Bregman, Lisbeth Jacobs and Jon
Raby.
Brent Robinson is the registered holder of a 4.31% holding and an associate of other family members
including his brother Darren Robinson who is the registered holder of 4.31% and they are both
registered holders and beneficial owners of 11.05% of Rakon’s issued shares (representing a total of
19.67%). Non-Independent Director, Jung Meng Tseng, who represents the interests of Siward

Rakon Limited
T: +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand


Page 2 of 2

Crystal Technology Co., Ltd (Siward) has also advised, despite approving each of the Independent
Directors’ appointments, that he is now not prepared to support the candidacies of Mark Bregman,
Lisbeth Jacobs and Jon Raby. Siward holds 12.19% of the shares in the company.
The shareholders associated with Brent Robinson and Jung Meng Tseng collectively represent a
substantial block (but still a minority) of the shares in the company.
There is a risk that, if the votes of the shareholders associated with Brent Robinson and Jung Meng
Tseng are sufficient to defeat the resolutions for election of Mark Bregman, Lisbeth Jacobs and Jon
Raby, the company will be left with no Directors who have been determined to be independent. This
would result in an immediate breach of the NZX Listing Rules. This would have serious consequences
for the company, and the company would have to take urgent action to address that issue.
Current chair, Lorraine Witten, says: “I believe the careful recruitment of independent, conscientious
and capable Directors to the Board is critically important and that peremptory removal of high-
performing Directors undermines the sound stewardship that shareholders and the company
deserve.
“I also believe that selection of a highly qualified independent Board Chair (in line with best practice
and in compliance with the NZX Corporate Governance Code) is in the best interests of all
shareholders – this is especially important here because the majority of the shares in the company
are held by shareholders whose holdings are (individually) less than 4% in size.”
There is no certainty that the relevant shareholder(s) will exercise their votes, or take the steps,
referred to above.
Shareholders should refer to the Notice of Meeting and Explanatory Notes for further information.
-ENDS-
Contact:
Investor and media relations, Nick Laurent, investors@rakon.com, +64 21 240 7541

About Rakon
Rakon’s products help people to connect, explore and innovate. They are the ‘heartbeat’ for
electronic systems, delivering fast, precise and stable timing in everything from mobile networks and
autonomous vehicles to satellite constellations and AI data centres. Whether connecting to a 5G
tower or to a rover exploring Mars, our technology is relied on to deliver the highest performance in
even the most extreme conditions. Thanks to our constant drive to innovate, we continue to
empower our customers to create the next-generation of life-transforming technologies.
For more information, www.rakon.com

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Rakon Limited
Notice of Annual Meeting of Shareholders 2025
This document contains important
information regarding Director Elections
and the composition of your Board. We
encourage you to review it carefully to
enable you to make informed decisions
at the upcoming Annual Meeting. Your
participation and vote is vital to shaping
the future of the company.

Notice of Annual Meeting of Shareholders 2025
Letter from the Chair
4 August 2025
I am pleased to invite you to the 2025 Annual
Meeting of Rakon Limited to be held on Friday
22 August at 10.30am in the Great Northern
Room, Ellerslie Event Centre, Remuera Auckland.
There are a number of directors standing for
election or re-election at the Meeting. The
outcome of these elections will play a pivotal
role in shaping the composition of your Board
and ensuring that your interests as a
shareholder are well-represented. Your vote is
important, and I encourage you to carefully
consider the candidates and cast your vote
either by proxy or at the meeting.
Board refresh
As announced in April this year I will step down
from the Board at the end of the Annual
Meeting. My role as Chair will transition earlier
to Dr Mark Bregman, chair-elect, from 8 August
2025 and Mark will chair the Annual Meeting.
I am proud to have served as a director and
Chair of Rakon and to have supported Rakon’s
developments and growth in its technology,
markets, operations and governance over the
last eight years, and am excited about Rakon’s
future potential.
During the course of FY 2025, three of Rakon’s
independent Directors resigned. On each
occasion, Rakon followed a careful and rigorous
process to identify and assess the suitability of
candidates for the vacant role – a process that
has been developed and supported by the
whole Board of Directors as a key tenet of our
governance framework.
The Board’s nominations sub-committee was
supported by independent director search
consultants, to review the Board composition
and skills matrix and the governance, regulatory,
industry and technical skills, qualifications,
experience and fit required to support and
guide Rakon in delivery of its strategic
objectives.
We were very pleased to have interest from
and be able to appoint three highly qualified
independent Directors - Dr Mark Bregman,
Dr Lisbeth Jacobs and Mr Jon Raby – who
were all identified as having valuable skill
sets and expertise that add considerable value to our
Board and our company.
As part of the recruitment process, they were interviewed by
all Directors of the Board, both independent and non-
independent, and received unanimous approval for their
appointments.
Dr Mark Bregman is Rakon’s chair-elect. Mark is a
professional director with over 35 years’ experience leading
and innovating global businesses. He has a deep
understanding of the global technology landscape, and
extensive experience guiding leading technology companies
to deliver on their growth aspirations.
Dr Lisbeth Jacobs is an experienced leader in driving growth
of technology companies across global operations and
international markets. She has specialised experience at
Board and management level across the technology,
engineering and manufacturing sectors, offering an
important and complementary contribution to Rakon’s
governance.
Jon Raby is a highly experienced leader in major financial
services companies in New Zealand and Australia. He is a Fellow
Chartered Accountant (FCA) of Chartered Accountants Australia
and New Zealand (CA ANZ), and contributes strongly to Rakon’s
governance, including as Chair of the Audit and Risk Committee
since his appointment in March 2025.
As they were appointed since the last annual meeting, they
are therefore standing for election at this year’s Annual
Meeting. You can read profiles on each director in the
Explanatory Notes and on the Rakon website.
Your Board, by majority resolution, recommends
shareholders vote in favour of the election of Mark
Bregman, Lisbeth Jacobs and Jon Raby.
Selection of Dr Mark Bregman as Chair
A sub-committee of the Board also undertook a careful,
structured process to consider selection of the new chair, with
the support of independent governance experts, Kerridge and
Partners. Following a thorough assessment, they formed the
view that Dr Bregman was an excellent candidate and
demonstrated to a very high level the appropriate mix of
experience, skills and attributes required to lead the Rakon
Board. Dr Bregman’s selection as chair-elect was supported by
majority Board resolution and announced on 22 July 2025.
Brent Robinson, a non-independent director on our Board, had
also expressed his interest in becoming the Chair of Rakon,
however, chose not to participate in the selection process.
Notwithstanding that he did not participate in the process, and
his non-independent status, the sub-committee carefully

Notice of Annual Meeting of Shareholders 2025
considered his candidacy including Brent’s
considerable experience in the quartz timing
industry, long tenure with the company, and the
fact that he has indicated that he has a
meaningful block of large shareholder support.

However, the independent Directors
unanimously determined that Brent did not
meet certain important criteria for the Chair
role, and they ultimately determined they were
not able to support his selection.

The Board, however, does unanimously support
Brent’s re-election as a director. As a large and
longstanding shareholder, the Board believes it
appropriate for Brent to have a place on the
Board.

Brent Robinson is standing for re-election
at the Annual Meeting and the Board
supports his re-election as a non-
independent Director.

Brent has now advised that he maintains his
interest in becoming the Chair, and therefore no
longer supports the candidacies of the
independent Directors, and that the resolutions
for their election will not receive his support.

Important information on the proposals
for election of the independent Directors,
and voting intentions
Shareholders’ attention is drawn to the
discussion, in the Explanatory Notes to the
Notice of Meeting, on the proposals for
election of Mark Bregman, Lisbeth Jacobs
and Jon Raby. Shareholders will note that
the statements of Board support are
expressed as “majority” resolutions.
Since being advised of the independent
Directors’ determination regarding the role of
chair, Brent Robinson has advised that he is no
longer prepared to support the candidacies of
Mark Bregman, Lisbeth Jacobs and Jon Raby.

Brent Robinson is the registered holder of a
4.31% holding and is an associate of other
family members including his brother Darren
Robinson who is the registered holder of 4.31%
and they are both registered holders and
beneficial owners of 11.05% of Rakon’s issued shares
(representing a total of 19.67%).

Non-independent director, Jung Meng Tseng, who represents
the interests of Siward Crystal Technology Co., Ltd has also
advised that he is not prepared to support the candidacies of
Mark Bregman, Lisbeth Jacobs and Jon Raby. Siward Crystal
Technology Co., Ltd holds 12.19% of the shares in the Company.
The shareholders associated with Brent Robinson and Jung
Meng Tseng collectively represent a substantial block (but still a
minority) of the shares in the company.
Governance risk
I have signaled that I will retire as a director at the conclusion of
the Annual Meeting. At this time, the only Directors who have
been determined to be independent are those standing for
election.
There is therefore a risk that, if the votes of the shareholders
associated with Brent Robinson and Jung Meng Tseng are
sufficient to defeat the resolutions for election of Mark Bregman,
Lisbeth Jacobs and Jon Raby, the company will be left with no
Directors who have been determined to be independent. This
would result in an immediate breach of the NZX Listing Rules.
This would have serious consequences for the company, and the
company would have to take urgent action to address that issue.
Your role as shareholders

Ultimately, it will be up to you, the shareholders, by voting on
the resolutions at this Annual Meeting, to determine the
composition of the Board.
Shareholders will however appreciate that the resolutions to be
proposed at this Annual Meeting raise issues of fundamental
importance for the governance of the Company.
Shareholders are strongly encouraged to read the
Explanatory Notes to the Notice of Meeting, consider the
issues, participate in the meeting, and exercise your votes
(in person, online, or by proxy), as outlined further in the
Notice of Meeting.
Concluding comments
During my term as a director and Chair of Rakon I have sought
to uphold best practice governance as guided by the NZX
Listing Rules, the NZX Corporate Governance Code, and the
governance expectations of our institutional investors,
stakeholders such as the NZSA and all our shareholders.
I believe the careful recruitment of independent, conscientious
and capable Directors to your Board is critically important and
that peremptory removal of high-performing Directors
undermines the sound stewardship you and the company
deserve.

Notice of Annual Meeting of Shareholders 2025
I also believe that selection of a highly qualified
independent Board Chair (in line with best
practice and in compliance with the NZX
Corporate Governance Code) is in the best
interests of all shareholders – this is especially
important here because the majority of the
shares in the company are held by shareholders
whose holdings are (individually) less than 4% in
size.
I look forward to the opportunity to meet with
you at the Annual Meeting on 22 August 2025.

Lorraine Witten
Chair
Rakon Limited

Notice of Annual Meeting of Shareholders 2025
Notice of Annual
Meeting of Shareholders
Notice is hereby given that the Annual Meeting
of Shareholders of Rakon Limited (Rakon) will
be held at:
Great Northern Room, Ellerslie Event
Centre, Ellerslie Racecourse, Remuera,
Auckland, New Zealand, and online via
https://meetnow.global/nz, on Friday 22
August 2025, commencing at 10.30am NZST.

Shareholders may attend the meeting in
person or online. Shareholders may hear
and watch the meeting and vote and ask
questions via https://meetnow.global/nz.
Details of how to participate ‘virtually’ are
provided in the accompanying Virtual
Meeting Guide, including instructions for
accessing the virtual meeting. If you are
attending virtually you are encouraged to
review the guide and access via the website
address shown above.
If it is impractical or not permitted to hold a
physical meeting, the meeting may need to
proceed as an online-only meeting.
Shareholders will be advised if there is a
cancellation of the physical meeting.
If you cannot attend in person or online,
please complete and lodge the
Proxy/Voting Form in accordance with the
instructions on the reverse of the form so
that it reaches
Computershare by 5.00pm (NZST) on
Wednesday 20 August 2025.




Order of Business

A. Welcome
B. Chair’s Address
C. Chief Executive Officer’s Address
D. Shareholders’ Questions
E. Resolutions
To consider and, if thought fit, to pass the following ordinary
resolutions:
1. That Mark Bregman be elected as a director of Rakon.
2. That Lisbeth Jacobs be elected as a director of Rakon.
3. That Jon Raby be elected as a director of Rakon.
4. That Brent Robinson be re-elected as a director of Rakon.
5. That the Directors be authorised to fix the Rakon auditor’s
fees and expenses for the following year.
Please read the Explanatory Notes in relation to the Resolutions
and the Procedural Notes and Other Information that accompany
this Notice of Meeting.
F. General Business
To consider such other business as may be lawfully raised at
the meeting.

On behalf of the Board


Maureen Shaddick
Company Secretary
4 August 2025

Notice of Annual Meeting of Shareholders 2025
Explanatory Notes
Resolutions 1, 2 and 3: Election of
Mark Bregman, Lisbeth Jacobs and
Jon Raby
NZX Listing Rule 2.7.1 provides that a
director who has been appointed by the
Board must not hold office (without
election) past the next annual meeting
following the director’s appointment.
Mark Bregman, Lisbeth Jacobs and Jon Raby
were appointed as Directors by the Board in
October 2024, February 2025 and March
2025 respectively. Being eligible, they all
now offer themselves for election to the
Board of Rakon.
The Board has determined that in its view, if
elected, each of Mark Bregman, Lisbeth
Jacobs and Jon Raby will be an independent
director for the purposes of the NZX Listing
Rules.
Brief biographies of Mark Bregman, Lisbeth
Jacobs and Jon Raby are provided below.
The Board of Rakon (by majority resolution)
confirms its (majority) support for the
election of Mark Bregman, Lisbeth Jacobs
and Jon Raby and recommends that you
vote in favour of their election.
Dr Mark Bregman is a professional director
with over 35 years’ experience leading and
innovating global businesses including 30
years working in New Zealand.
He is a Board member of Marama Labs Ltd.
He is Chair with Vistage Australia and New
Zealand and a General Partner at Quidnet
Ventures, a seed stage venture capital firm
that focuses on investing in and supporting
NZ tech.
Mark’s deep understanding of the global
technology landscape, and extensive
experience guiding leading technology
companies to deliver on their growth
aspirations is invaluable for Rakon as the
company continues to expand on its
position as a global technology leader and
execute its growth strategy.
Mark has chaired the Board’s People Committee since
April 2025 and was selected as the Board Chair elect on 22
July 2025.
Mark is a Chartered member of the New Zealand Institute of
Directors.
Dr Bregman was unanimously appointed by the full Board
after completing the rigorous selection process.
The Board of Rakon confirms its (majority) support for the
election of Mark Bregman and recommends that you vote in
favour of his election.
Dr Lisbeth Jacobs is currently the Chief Executive of
Gallagher Animal Management, but has recently resigned to
take up a CEO role with a listed company in Europe. Lisbeth
has specialised experience at Board and management level
across the technology, engineering and manufacturing
sectors, offering an important and complementary
contribution to Rakon’s governance.
Lisbeth has a proven track record of guiding innovative
companies to grow and capture market share on a global-
scale, which will be important as Rakon seeks to capitalise on
its technological advantage and execute its growth and
global transformation plans.
Lisbeth has served the Board’s People Committee since her
appointment in March 2025.
Lisbeth is a member of the New Zealand Institute of
Directors.
Dr Jacobs was unanimously appointed by the full Board after
completing the rigorous selection process.
The Board of Rakon confirms its (majority) support for the
election of Dr Lisbeth Jacobs and recommends that you vote
in favour of her election.
Jon Raby is a professional director with over two decades of
executive leadership experience in major financial services
companies in New Zealand and Australia, including as Chief
Financial Officer of New Zealand’s second largest bank. He is
currently a Non-Executive Director of the New Zealand
Shareholders’ Association. Jon is a Fellow Chartered
Accountant (FCA) of Chartered Accountants Australia and
New Zealand (CA ANZ).
Jon contributes strongly to Rakon’s governance, including as
chair of the Audit and Risk Committee since his appointment
in March 2025. His strategic financial acumen and extensive
experience in financial markets and risk management are a
valuable addition to the Rakon Board skillset.
Jon is a member of the New Zealand Institute of Directors.

Notice of Annual Meeting of Shareholders 2025
Mr Raby was unanimously appointed by the
full Board after completing the rigorous
selection process.
The Board of Rakon confirms its (majority)
support for the election of Jon Raby and
recommends that you vote in favour of his
election.
Selection of Dr Mark Bregman as Chair
A sub-committee of the Board also
undertook a careful and structured process
to consider selection of the new chair, with
the support of independent governance
experts, Kerridge and Partners. Following a
thorough assessment, they formed the view
that Dr Bregman was an excellent candidate
and demonstrated to a very high level the
appropriate mix of experience, skills and
attributes required to lead the Rakon Board.
Dr Bregman’s selection as chair-elect was
supported by majority Board resolution and
announced on 22 July 2025.
Brent Robinson had also expressed his
interest in becoming the Chair of Rakon,
however, chose not to participate in the
selection process. Notwithstanding that he
did not participate in the process, and his
non-independent status, the sub-
committee carefully considered his
candidacy, including Brent’s considerable
experience in the quartz timing industry,
long tenure with the company, and the fact
that he has indicated that he has a
meaningful block of large shareholder
support.
However, the independent Directors
unanimously determined that Brent did not
meet certain important criteria for the Chair
role, and they ultimately determined they
were not able to support his selection.
Brent is standing for re-election at the
annual meeting and, as discussed further in
relation to Resolution 4, the Board
unanimously supports his re-election as a
non-independent director.
Brent has now advised that he maintains his
interest in becoming the Chair, does not
therefore support the candidacies of the
independent Directors, and that the
resolutions for their election will not receive
his support.
IMPORTANT INFORMATION - ELECTION OF
INDEPENDENT DIRECTORS, AND VOTING INTENTIONS
Since being advised of the independent Directors’
determination regarding the role of chair, Brent Robinson
has advised that he is not prepared to support the
candidacies of Mark Bregman, Lisbeth Jacobs and Jon Raby.
This is not due to any concerns as to the performance of
Mark Bregman, Lisbeth Jacobs or Jon Raby of their respective
roles.
Brent Robinson has indicated that he believes for a board to
work at an optimum level, it needs to have a mix of people
prepared to work together to advance the overall strategic
direction of the company and he has lost confidence in the
current independent directors.
Noting their support of Brent Robinson's reappointment as
a director, independent directors confirm their commitment
to working together with all directors.
Brent Robinson is the registered holder of a 4.31% holding
and is an associate of other family members including his
brother Darren Robinson who is the registered holder of
4.31%, and they are both registered holders and beneficial
owners of 11.05% of Rakon’s issued shares (representing a
total of 19.67%).
Non-independent director, Jung Meng Tseng, has also
advised that he is not prepared to support the candidacies
of Mark Bregman, Lisbeth Jacobs and Jon Raby.
Jung Meng Tseng represents the interests of Siward Crystal
Technology Co., Ltd, which holds 12.19% of the shares in the
company.
The shareholders associated with Brent Robinson and Jung
Meng Tseng collectively represent a substantial block (but
still a minority) of the shares in the company.
The current Chair (Lorraine Witten) has signaled that she will
retire as a director at the conclusion of the Annual Meeting.
There is therefore a risk that, if the votes of the shareholders
associated with Brent Robinson and Jung Meng Tseng are
sufficient to defeat the resolutions for election of Mark
Bregman, Lisbeth Jacobs and Jon Raby, the company will be
left with no Directors who have been determined to be
independent. This would result in an immediate breach of
the NZX Listing Rules. This would have serious consequences
for the company and the company would have to take urgent
action to address the issue.

Notice of Annual Meeting of Shareholders 2025
Resolution 4: Re-election of director
Brent Robinson
NZX Listing Rule 2.7.1 provides that a
director must not hold office (without re-
election) past the third annual meeting
following the director’s last election or three
years, whichever is longer.
Brent Robinson was last elected at the
Annual Meeting held on 11 August 2022.
Brent will retire at this year’s Annual Meeting
and being eligible for re-election he offers
himself for election as a director of Rakon.
The Board has determined that Brent
Robinson is not an independent director for
the purposes of the NZX Listing Rules.
A brief biography of Brent is provided
below.
The Board of Rakon confirms its unanimous
support for the re-election of Brent
Robinson and recommends that you vote in
favour of his re-election.
Brent Robinson is, with his associated
interests, a substantial shareholder in Rakon.
Prior to 1 April 2022 Brent was Rakon’s
Managing Director and Chief Executive
Officer, a role he held from 1986 (including
from 2006 when Rakon was listed on the
NZX). From 1 April 2022 to December 2024
Brent was Rakon’s Chief Technology Officer.
Under his leadership Rakon established
global operations and markets for Rakon’s
frequency control products for which Rakon
is recognised as an industry leader. Brent is
an Honorary Fellow of the Institution of
Engineers New Zealand and was awarded
the New Zealand Hi-Tech Trust - Flying Kiwi
Award in 2011.
Brent has a deep understanding of the
business and extensive technical and
industry knowledge.
Further information on Board candidates
Further information about Mr Brent
Robinson who is standing for re-election
and each of Dr Mark Bregman, Dr Lisbeth
Jacobs and Mr Jon Raby (who were
appointed by the Board since the last annual meeting
and are standing for election) may be found on the Rakon
website at www.rakon.com/investors. Information is also
available in Rakon’s 2025 Annual Report, which may be
found on the company’s website and is available in hardcopy
by request to the company or the company’s share registrar
Computershare.
Resolution 5: Fixing remuneration of auditor
PricewaterhouseCoopers (PwC) is reappointed auditor for
Rakon automatically at the Annual Meeting pursuant to
section 207T of the Companies Act 1993, unless the auditor
gives notice that it does not wish to be reappointed. PwC has
not given such notice.
The resolution is proposed to authorise the Directors of
Rakon to fix the auditor’s fee and expenses for the following
year pursuant to section 207S of the Companies Act 1993.
The Board recommends that you vote in favour of Resolution
5.

Notice of Annual Meeting of Shareholders 2025
Procedural Notes and
Other Information

Attending in person or online
This year the company is holding a hybrid
Annual Meeting. Shareholders may attend the
meeting either in person or online or appoint a
proxy to attend on their behalf.
Shareholders can attend the meeting virtually
through the Computershare meeting platform
https://meetnow.global/nz. To access the
meeting click “Go” under the Rakon meeting
and then click “Join the Meeting Now”. Using
the Computershare meeting platform on a
smartphone, tablet or desktop device,
shareholders will be able to hear and watch the
Annual Meeting and vote and ask written
questions online. Please refer to the Virtual
Meeting Guide, which is provided with this
Notice and available on the Rakon website for
more information. Please note you will need the
latest version of Chrome, Safari or Edge
browser to access the meeting. Please ensure
your browser is compatible.
If you have any questions, or need assistance
with the online process please call +64 9 488
8700.
Voting
 Voting on the resolutions will be by way of
poll, which means that each Rakon
shareholder has one vote for each ordinary
share held in Rakon by that shareholder.
 Voting entitlements will be determined at
5.00pm (NZST) on Wednesday 20 August
2025. Registered shareholders at that time
will be the only persons entitled to vote in
person or by proxy at the Annual Meeting
and only the number of shares registered in
those shareholders’ names at that time may
be voted at that meeting.
 The resolutions are ordinary resolutions. To
pass, the resolutions require a simple
majority of the votes of those shareholders
who are entitled to vote and voting on the
resolution in person or by proxy at the
meeting.
Proxies and Corporate Representatives
 A shareholder may attend the Annual Meeting and vote or
may appoint a proxy (who need not be a shareholder). In the
case of a corporate shareholder, an authorised officer or
representative may attend the meeting and vote in place of
the shareholder. A Proxy/Voting Form is enclosed with this
Notice of Meeting.
 As indicated in the enclosed Proxy/Voting Form, the Chair of
the Annual Meeting or other Directors of Rakon are willing to
act as a proxy for any shareholders who wish to appoint them
for that purpose.
 If your proxy is not the Chair of the Annual Meeting or any
other director of the company, you must ensure that you
provide their contact details (phone and email address) on
the Proxy/Voting Form.
 If you return a Proxy/Voting Form without directing the proxy
how to vote on any particular matter, the proxy may vote as
they think fit, or abstain from voting.
 The Chair and the other independent Directors intend to vote
any discretionary proxies given to them in favour of the
resolutions.
 The non-independent Directors (Brent Robinson and Jung
Meng Tseng) intend to vote any discretionary proxies given
to them in the same manner as has been indicated, in the
Notice of Meeting.
 If, in appointing a proxy, you complete the Proxy/Voting Form
in full but do not name a person as your proxy, or your
appointed proxy does not attend the meeting, a named
person or office (e.g. Board Chair) will act as your proxy and
vote in accordance with your express directions. In this
situation any undirected votes will be voted in accordance
with the Chair’s discretion.
 In order for you or your proxy to vote online, you or your
proxy will be required to enter your CSN Security Holder
number and a postcode, country of residence and the secure
access control number that is located on the front page of
your Proxy/Voting Form, or follow the prompts you receive
from the share registrar, Computershare Investor Services
Limited (Computershare).
 For your proxy appointment to be effective the completed
Proxy/Voting Form must be received by the share registrar,
Computershare or the online appointment completed, no
later than 5.00pm (NZST) on Wednesday 20 August 2025:
 online at www.investorvote.co.nz or by scanning the
QR code on your Proxy/Voting Form with your
smartphone,
 by mail to Private Bag 92119, Auckland Mail Centre,
Auckland 1142, New Zealand.

Notice of Annual Meeting of Shareholders 2025
Key Dates and Times
Voting entitlement record date
5.00 pm (NZST) Wednesday 20 August 2025
Latest time for receipt of proxies
5.00pm (NZST) Wednesday 20 August 2025
Date and time of Annual Meeting
10.30 am (NZST) Friday 22 August 2025
Quorum
 No business may be transacted at the
Annual Meeting if a quorum is not present.
A quorum will be present if five shareholders
in person or online, or their proxies or
representatives are present.
 If you are attending the Annual Meeting in
person, please bring the enclosed
Proxy/Voting Form to the meeting to assist
with your registration.
Health and Safety
 For the health and safety of everyone, we ask
that if you have a cough or a temperature or
other flu-like symptoms that you stay at
home.
Questions
 Shareholders entitled to vote and attend the
Annual Meeting may email questions before
the day of the Annual Meeting to Rakon’s
Company Secretary, at
investors@rakon.com. Note: Rakon may
aggregate questions on a similar theme and
reserves the right not to address questions
that, in the opinion of the Chair of the
Annual Meeting, are not reasonable in the
context of an annual meeting of
shareholders.
Directions for Ellerslie Event Centre
Access to Great Northern Room at Ellerslie Event
Centre, Ellerslie Racecourse will be available from
10.00 am on 22 August 2025.
Please note:
Ellerslie Event Centre car parking has relocated
from the former Southern Motorway carpark
(formerly accessible via Ascot Avenue) to a new
infield carpark, with entry at 16 Derby Downs
Place. Parking remains free of charge.
For detailed parking instructions go to:
www.ellerslieevents.co.nz/important-update-changes-to-car-
parking-and-site-access-at-ellerslie/
To view a venue map that includes the new carpark location go
to: www.ellerslieevents.co.nz/wp-
content/uploads/2024/02/General-Racecourse-Map-
Update_Ellerslie-Events-scaled.jpg

www.rakon.com