RELINT: RAK: Officer's Ongoing Disclosure Notice (Graham Leaming)

30 Jul 2010 8:30 am

RAK 30/07/2010 RELINT

REL: 0830 HRS Rakon Limited

RELINT: RAK: Officer's Ongoing Disclosure Notice (Graham Leaming)

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: Graham Rodney Leaming

Name of public issuer: Rakon Limited Name of related body corporate (if applicable): N/A Position held in public issuer: CFO/COO

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) 22,430 ordinary shares (b) 40,000 options to aquire ordinary shares under Employee Share Option Scheme (c) 300,000 restricted ordinary shares"

C Nature of relevant interest and name of registered holder Nature of relevant interest in securities: 2 "(a) Beneficial (b) Beneficial (c) Beneficial " Name of registered holder of securities 3 "(a) Graham Leaming (b) Graham Leaming (c) Rakon ESOP Trustee Limited"

D Details of acquisitions and disposals If the relevant interest was acquired-- Date of acquisition: 4 26-Jul-10 Consideration paid for acquisition: 5 (c) $300,000

If the relevant interest was disposed of-- Date of disposal: 6 Consideration paid for disposal: 7

Type of transaction Describe the arrangement pursuant to which, or the circumstances in which, the acquisition or disposal took place: 8 (a) and (b) No change. (c) Pursuant to the Master Trust Deed between Rakon Limited and Rakon ESOP Trustee Limited (Trustee) and to the rules of the Rakon Limited Employee Long Term Incentive Restricted Share Plan (dated 24 June 2010) 300,000 restricted shares were issued for the beneficial ownership of Graham Leaming. The purchase price is funded by a loan from Rakon Financial Services Limited. The shares are held by the Trustee and full transfer is subject to exercise hurdles being met in the the next 3 financial years and continued employment until May 2015.

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

F Date of last disclosure notice (whether in form 1 or form 2) by the director or officer: 10 17-May-10 End CA:00197790 For:RAK Type:RELINT Time:2010-07-30:08:30:32

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