Rakon Response to Shareholder Correspondence

28 May 2020 Rakon (RAK) Response to Shareholder Correspondence The Directors of Rakon have received a letter dated 28 April 2020 from shareholder Mike Daniels which he states represents the views of approximately 14 % of Rakon shareholders. The letter makes a number of comments and calls for the Board to initiate a process to market the company to the international investing community. A copy of the letter is provided with this release. The Board advises that neither of Rakon's substantial quoted equity security holders, the Robinson Family and Siward Crystal Technology Co. Limited, have supported this initiative. Chair of the Board, Bruce Irvine confirms the Rakon Board will consider the matters raised in the letter. -ends- Contact: Maureen Shaddick Company Secretary +64 9 571 9238 www.rakon.com About Rakon Rakon is a global high technology company and a world leader in its field. The company designs and manufactures advanced frequency control and timing solutions. Its three core markets are Telecommunications, Global Positioning and Space and Defence. Rakon products are found at the forefront of communications where speed and reliability are paramount. The company's products create extremely accurate electric signals which are used to generate radio waves and synchronise time in the most demanding communication applications. Rakon has three manufacturing plants, and has six research and development centres. Customer support personnel are located in fifteen offices worldwide. 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, NZX, ticker code RAK. End CA:00353890 For:RAK Type:GENERAL Time:2020-05-29 08:30:56