Rubicon announces settlement

29 March 2019 - Rubicon announced today that its CEO (Luke Moriarty) and CFO (Mark Taylor), have departed the Company, and that all parties had amicably agreed a settlement in relation to the finalisation of their roles. Rubicon has agreed to make to Messrs Moriarty and Taylor (in the aggregate) a cash payment of NZ$100,000 and an allotment of nine million Rubicon ordinary shares. Four million of these new shares are to be issued on 1 April 2019, with the balance of the issuance and allotment to be completed by 1 April 2022. ENDS End CA:00332703 For:RBC Type:GENERAL Time:2019-03-29 13:09:04