D&O Ongoing Disclosure of Relevant Interest

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Rakon Limited
Date this disclosure made:
2-Oct-25
Date of last disclosure:
4-Apr-25
Director or senior manager giving disclosure
Full name(s):
Mark Dunwoodie
Name of listed issuer:
Rakon Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Chief Financial Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares
Nature of the affected relevant interest(s):
Share Rights in connection with
Rakon Long Term Incentive Plan
For that relevant interest-
Number held in class before acquisition or disposal:
50,000 Share Rights
Number held in class after acquisition or disposal:
273,937 Share Rights
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Mark Dunwoodie
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One grant of share rights

Details of transactions requiring disclosure-
Date of transaction:25-Sep-25
Nature of transaction:
Grant of 223,937 Share Rights in
connection with Rakon Limited Long
Term Incentive Plan FY26
Name of any other party or parties to the transaction (if known):Rakon Limited as grantor
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily
converted into a cash value, describe the consideration:Nil
Number of financial products to which the transaction related: N/A (no financial products traded)
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Nil
Nature of relevant interest:
Nil
For that relevant interest,-
Number held in class:Nil
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Certification
I, 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.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
2-Oct-25
Name and title of authorised person:
Maureen Shaddick, Company
Secretary

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Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Rakon Limited
Date this disclosure made:
2-Oct-25
Date of last disclosure:
4-Apr-25
Director or senior manager giving disclosure
Full name(s):
Nick Pudney
Name of listed issuer:
Rakon Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Chief Operating Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares
Nature of the affected relevant interest(s):
Share Rights in connection with
Rakon Long Term Incentive Plan
For that relevant interest-
Number held in class before acquisition or disposal:
75,000
Number held in class after acquisition or disposal:
296,239
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Nick Pudney
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One grant of share rights

Details of transactions requiring disclosure-
Date of transaction:25-Sep-25
Nature of transaction:
Grant of 221,239 Share Rights in
connection with Rakon Limited Long
Term Incentive Plan FY26
Name of any other party or parties to the transaction (if known):Rakon Limited as grantor
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily
converted into a cash value, describe the consideration:Nil
Number of financial products to which the transaction related: N/A (no financial products traded)
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Nil
Nature of relevant interest:
Nil
For that relevant interest,-
Number held in class:Nil
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Certification
I, 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.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
2-Oct-25
Name and title of authorised person:
Maureen Shaddick, Company
Secretary

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Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Rakon Limited
Date this disclosure made:
2-Oct-25
Date of last disclosure:
4-Apr-25
Director or senior manager giving disclosure
Full name(s):
Sinan Altug
Name of listed issuer:
Rakon Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Chief Executive Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares
Nature of the affected relevant interest(s):
(1) Registered and Beneficial; (2)
Share Rights under Rakon Long
Term Incentive Plan
For that relevant interest-
Number held in class before acquisition or disposal:
(1) 50,000 ordinary shares before
acquisition of 180,000 shares on
23/09/2025 following vesting of
180,000 Share Rights; (2) Balance of
295,000 Share Rights
Number held in class after acquisition or disposal:
(1) 230,000 ordinary shares after
acquistion of 180,000 through vesting
of Share Rights under Rakon Long
Term Incentive Plan FY23; (2)
735,679 after grant of 440,679 Share
Rights under Rakon Long Term
Incentive Plan FY26.
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Sinan Altug
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 2

Details of transactions requiring disclosure-
Date of transaction:(1) 23/09/2025; (2) 25/09/2025
Nature of transaction:
(1) Acquisition of 180,000 through
vesting of Share Rights under Rakon
Limited Long Term Incentive Plan
FY23; (2) Grant of 440,679 Share
Rights under Rakon Limited Long
Term Incentive Plan FY26
Name of any other party or parties to the transaction (if known):
(1) Rakon ESOP Trustee Limited
Rakon Limited as transferor; (2)
Rakon Limited as grantor
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily
converted into a cash value, describe the consideration:Nil
Number of financial products to which the transaction related: (1) 180,000 ordinary shares; (2) N/A
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
As above
Nature of relevant interest:
As above
For that relevant interest,-
Number held in class:As above
Current registered holder(s):
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Certification
I, 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.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
2-Oct-25
Name and title of authorised person:
Maureen Shaddick, Company
Secretary