ENERO GROUP LIMITED — Director's Dealing 2010

Oct 13, 2010

Level 9, 155 George Street Sydney NSW 2000 Australia Telephone. +61 2 8213 3031 Facsimile. +61 2 8213 3030

www.photongroup.com

14 October 2010

PhotonGroup.

Ms Emma Badhni Senior Advisor, Issuers ASX Market Supervision Pty Limited 20 Bridge Street Sydney NSW 2000

Dear Ms Badhni

Appendix 3Y - Change of Director's Interest Notice - Correction

It has come to our attention that the Appendix 3Y - Change of Director's Interest Notice filed by Photon Group Limited on 7 October 2010 in respect of Brian Bickmore included an error in the number of shares stated in the "value/consideration" section and in the calculation of the final number of securities held by My Bickmore.

We attach an updated Notice in which these errors have been corrected. We note that there has been no change in the Director's interest since 29 September 2010, the changes identified are corrections to the Notice only.

Yours sincerely

Eleni North Company Secretary

Appendix 3Y

Rule 3.19A.2

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	Brian Lindsay Bickmore
Date of last notice	7 October 2009

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	BB1 Pty Limited <bickmore \bullet Superannuation A/C>. Brian Bickmore is a beneficiary of the fund.</bickmore
Date of change	29 September 2010
No. of securities held prior to change	Indirect BB1 Pty Limited ATF Bickmore Superannuation $A/C - 150$ , 334 ordinary shares Direct Brian Lindsay Bickmore $-12,351$ ordinary shares Note: the indirect holding includes 19,667 shares missed in the calculation in the previous notice.
Class	Ordinary shares

⁺ See chapter 19 for defined terms.

Number acquired	Indirect
	BB1 Pty Limited ATF Bickmore Superannuation $A/C - 526,170$ ordinary shares
	Direct
	Brian Lindsay Bickmore $-43,229$ ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	569,399 shares at \$0.10 per share
No. of securities held after change	Indirect BBI Pty Limited $-676,504$ shares
	Direct Brian Lindsay Bickmore $-55$ , 580 shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acquisition under the shareholder offer announced to the ASX on 17 August 2010.

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
Interest acquired	N/A

⁺ See chapter 19 for defined terms.

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

⁺ See chapter 19 for defined terms.