ENERO GROUP LIMITED — Director's Dealing 2010

Oct 6, 2010

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	Susan Therese McIntosh
Date of last notice	23 September 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		Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Susan Therese McIntosh and Peter McIntosh AC>. Susan McIntosh is joint trustee and beneficiary of the fund. Mr Peter McIntosh and Mrs Susan McIntosh . Susan McIntosh is joint trustee and beneficiary of the fund.
Date of change		29September 2010
No. of securities held prior to change		Indirect Susan Therese McIntosh and Peter McIntosh – 328,889 ordinary shares. Mr Peter McIntosh and Mrs Susan McIntosh – 160,001 ordinary shares.
Class		Ordinary shares

• See chapter 19 for defined terms.

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APPENDIX 3Y - DIRECTOR INTEREST (SUSAN MCINTOSH) SEPTEMBER 2010

Appendix 3Y Change of Director’s Interest Notice

Number acquired		Indirect Susan Therese McIntosh and Peter McIntosh Superannuation\ Fund\ AC> – 1,151,112ordinary shares. Mr Peter McIntosh and Mrs Susan McIntosh –560,004
Number disposed		~~di~~ ~~h~~ Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		1,711,116shares at $0.10 per share
No. of securities held after change		Indirect Susan Therese McIntosh and Peter McIntosh Superannuation\ Fund\ AC> – 1,480,001ordinary shares. Mr Peter McIntosh and Mrs Susan McIntosh –720,005 ordinary 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.

Appendix 3Y Page 2 APPENDIX 3Y - DIRECTOR INTEREST (SUSAN MCINTOSH) SEPTEMBER 2010

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Appendix 3Y Change of Director’s Interest Notice

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.

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11/3/2002 APPENDIX 3Y - DIRECTOR INTEREST (SUSAN MCINTOSH) SEPTEMBER 2010