Increase in Working Capital Facilities RAK

Increase in Working Capital Facilities Rakon Limited today announces an increase of $6 million to its cash working capital facilities with ASB Bank Limited. Total cash facilities are now $15.5 million and will be used predominantly to support higher working capital requirements due to the increase in the forecast demand from the continuing roll out of 4/4.5G and 5G infrastructure in the Telecommunications Market. Brent Robinson (Chief Executive Officer & Managing Director) -ends- Contact: Anand Rambhai (Chief Financial Officer) +64 9 571 9225 Media Enquiries: Louise Howe (Media Liaison) +64 21 206 0985 www.rakon.com About Rakon Rakon is a global high technology company that designs and manufactures world-leading frequency control and timing solutions. Its products enable connectivity for a wide range of applications. The company's three core markets are telecommunications, global positioning and space & defence. Rakon has a global footprint including four manufacturing plants, five research and development centres and 16 customer support locations. Rakon is proud of its New Zealand heritage; it was founded in Auckland in 1967. It is a public company listed on the New Zealand stock exchange, NZSX, ticker code RAK. End CA:00328246 For:RAK Type:TRANSACT Time:2018-12-12 13:53:41