RELINT: RAK: Director's Relevant Interest (Bruce Irvine)

16 Jun 2010 5:15 pm

RAK 16/06/2010 RELINT

REL: 1715 HRS Rakon Limited

RELINT: RAK: Director's Relevant Interest (Bruce Irvine)

Ongoing Disclosure Notice Disclosure of Directors and Officers Relevant Interests Section 19T(2), Securities Markets Act 1988

A Details of director or officer Name of director or officer of public issuer: Bruce Robertson Irvine Name of public issuer: Rakon Limited Name of related body corporate (if applicable): N/A Position held in public issuer: Director

B Securities in public issuer or any related body corporate in which director or officer has relevant interest Number, class, and type of securities: 1 (a) 54,278 Ordinary shares (b) 820,136 Ordinary shares (c) 0 Redeemable ordinary shares (d) 163,044 Ordinary shares

C Nature of relevant interest and name of registered holder Nature of relevant interest in securities: 2 (a) Beneficial (b) Non-Beneficial as director of trustee company of Rakon Limited Employee Share Plan (c) Non-Beneficial as director of trustee company of Rakon Limited Employee Share Growth Plan (d) Non-Beneficial

Name of registered holder of securities 3 (a) Bruce Robertson Irvine (b) Rakon ESOP Trustee Limited (c) Rakon PPS Trustee Limited (d) Mary Therese Irvine

D Details of acquisitions and disposals If the relevant interest was acquired-- Date of acquisition: 4 (d) 10 June 2010 Consideration paid for acquisition: 5 (d) $90,500

If the relevant interest was disposed of-- Date of disposal: 6 (c) 17 May 2010 Consideration paid for disposal: 7 (c) 15 cents per share net

Type of transaction Describe the arrangement pursuant to which, or the circumstances in which, the acquisition or disposal took place: 8 (c) Pursuant to the Master Trust Deed between Rakon Limited and Rakon PPS Trustee Limited (Trustee) dated April 2006 (Trust Deed) and to the rules of the Rakon Share Growth Plan (Rules) 1,018,519 redeemable ordinary shares legally owned by the Trustee for the planned benefit of executives were redeemed by Rakon PPS Trustee Limited due to the expiry of the Plan.

(d) Purchase of 100,000 ordinary shares.

E Total number of transactions this notice relates to: 9 (c) One (d) One

F Date of last disclosure notice (whether in form 1 or form 2) by the director or officer: 10 23 October 2009

G Signature Signature of director or office: Date of signature: or Signature of person authorised to sign on behalf of director or office:

Date of signature: Name and title of authorised person: End CA:00196187 For:RAK Type:RELINT Time:2010-06-16:17:15:11

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