ENERO GROUP LIMITED — Director's Dealing 2010

Jun 3, 2010

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4 June 2010

Ms Emma Badhni ASX Market Supervision Pty Limited 20 Bridge Street Sydney NSW 200

Dear Ms Badhni

Appendix 3Z

As announced to the ASX on 20 January 2010, I now attach an Appendix 3Z confirming the resignation of Matthew Bailey as a director of Photon Group Limited.

Yours Sincerely

Eleni North Company Secretary

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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	91 091 524 515

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Matthew Bailey
Date of last notice	9 September 2009
Date that director ceased to be director	24 May 2010

Part 1 – Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities 135,000 ordinary shares 750,000 options

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

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

	Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestMatthew Bailey and Frances BaileyATFMatthewWilliamBaileyTestamentary TrustIHAVEADREAMPtyLimitedATF Majo Superannuation Fund	Number & class of securities2,335,235 ordinary shares1,085,350 ordinary shares

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002