Allotment of securities as Siward investment completes

15 February 2017 Allotment of securities as Siward investment completes Further to the announcement by Rakon Limited ("Rakon") on 19 December 2016, Taiwanese company Siward Crystal Technology Co. Limited ("Siward") has today paid Rakon USD 10 million. In turn, Rakon has allotted to Siward 38,016,681 new ordinary shares and will now move to meet the requirements of a technology license signed by the parties. The allotment gives Siward an after placement stake of 16.6% in the Auckland-headquartered global technology company. The explicit split of the consideration between shares issued and the technology license is to be finalised within the FY2017 audited financial statements. Rakon managing director Brent Robinson says the money will be used to pay down debt, but noted Siward's contribution to the business would go beyond strengthening the balance sheet. "The newly established partnership with Siward opens a number of new opportunities for both companies which they intend to accelerate", Mr Robinson said. -Ends- Brent Robinson Chief Executive Officer / Managing Director +64 21 2060985 End CA:00296768 For:RAK Type:GENERAL Time:2017-02-15 08:38:26