ENERO GROUP LIMITED — Director's Dealing 2009

Sep 8, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Photon Group Limited ABN 97 091 524 515

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Matthew William Bailey
Date of last notice	1 October 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		 Matthew Bailey and Frances Bailey William Bailey Testamentary Trust>. Matthew Bailey is joint trustee and a beneficiary of the trust  IHAVEADREAM Pty Limited Superannuation Fund>. Mathew Bailey is a beneficiaryof the fund.
Date of change		8 September 2009
No. of securities held prior to change		Indirect Matthew Bailey and Frances Bailey ATF Matthew William Bailey Testamentary Trust – 3,056,724 ordinary shares. IHAVEADREAM Pty Limited ATF Majo Superannuation Fund – 675,000 ordinary shares. Direct Matthew William Bailey - 300,000 ordinary shares Matthew William Bailey- 750,000options

Appendix 3Y - MB -FINAL- 9 Sept 09 + See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Class		Ordinary Shares
Number acquired		Nil
Number disposed		2,342,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		300,000 shares at $2.30 2,042,000 shares at $1.675
No. of securities held after change		Indirect Matthew Bailey and Frances Bailey ATF Matthew William Bailey Testamentary Trust –1,027,824 ordinary shares. IHAVEADREAM Pty Limited ATF Majo Superannuation Fund – 661,900 ordinary shares. Direct Matthew William Bailey - 750,000 options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Off-market transfer to associated interests. Note: transfers have occurred between associated interests since the last notice.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Appendix 3Y - MB -FINAL- 9 Sept 09

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002