ALLOT: RAK: Rakon: Notice of Allotment of Securities

28 Jul 2010 8:30 am

RAK 28/07/2010 ALLOT

REL: 0830 HRS Rakon Limited

ALLOT: RAK: Rakon: Notice of Allotment of Securities

27 July 2010 Market Information Services Section New Zealand Exchange Limited Wellington

NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Rakon Limited advises the following securities have been issued pursuant to the Rakon Limited Employee Long Term Incentive Restricted Share Plan: Class of securities issued Ordinary Shares ISIN NZRAKE0001S8 Number of securities issued 1,350,000 Ordinary Shares Issue price With respect to each participating employee, $1 per Ordinary Share. Payment in cash? Yes Any amount paid up (if not in full) Fully paid Percentage of total class issued 0.7% Reasons for the issue Issue of Ordinary Shares pursuant to the Rakon Limited Employee Long Term Incentive Restricted Share Plan. Specific authority for the issue Resolution of directors dated 24 June 2010 Terms or details of the issue Issue of 1,350,000 Ordinary Shares pursuant to the Rakon Limited Employee Long Term Incentive Restricted Share Plan. These Ordinary Shares will be held in trust for each participating employee and will be released to participating employees (subject to meeting certain performance hurdles and (other than in exceptional circumstances) continued employment of the participating employee) on 24 June 2011, 2012, 2013, 2014 and 2015. Total number of securities of the class in existence after the issue 1,350,000 Ordinary Shares Date of issue 23 July 2010

Graham Leaming Company Secretary End CA:00197683 For:RAK Type:ALLOT Time:2010-07-28:08:30:25

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